$MEC
Mayville Engineering Company, Inc. Stock $mec

$mec Overview Financials Valuation SEC Filings Company Website

2020 Q3 Form 10-Q Financial Statement

#000156459020050034 Filed on November 03, 2020

Income Statement

Concept	2020 Q3	2019 Q3	2019 Q2
Revenue	$91.08M	$128.5M	$145.1M
YoY Change	-29.13%	52.38%	58.55%
Cost Of Revenue	$81.34M	$113.9M	$124.6M
YoY Change	-28.61%	59.32%	63.97%
Gross Profit	$9.735M	$14.57M	$20.54M
YoY Change	-33.18%	13.64%	32.07%
Gross Profit Margin	10.69%	11.34%	14.15%
Selling, General & Admin	$6.800M	$8.200M	$34.50M
YoY Change	-17.07%	32.26%	576.47%
% of Gross Profit	69.85%	56.28%	168.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$7.890M	$8.290M	$8.710M
YoY Change	-4.83%	66.8%	77.39%
% of Gross Profit	81.05%	56.9%	42.42%
Operating Expenses	$9.500M	$11.00M	$37.10M
YoY Change	-13.64%	52.78%	518.33%
Operating Profit	$280.0K	$13.25M	-$16.65M
YoY Change	-97.89%	132.9%	-274.7%
Interest Expense	$647.0K	$987.0K	$1.991M
YoY Change	-34.45%	16.67%	133.41%
% of Operating Profit	231.07%	7.45%
Other Income/Expense, Net
YoY Change
Pretax Income	-$367.0K	$12.26M	-$18.80M
YoY Change	-102.99%	153.21%	-332.32%
Income Tax	$733.0K	$2.512M	-$3.513M
% Of Pretax Income		20.49%
Net Earnings	-$1.100M	$9.746M	-$15.28M
YoY Change	-111.29%	102.03%	-288.9%
Net Earnings / Revenue	-1.21%	7.58%	-10.53%
Basic Earnings Per Share
Diluted Earnings Per Share	-$54.73K	$492.4K	-$910.7K
COMMON SHARES
Basic Shares Outstanding		19.74M	16.80M
Diluted Shares Outstanding	20.08M

Balance Sheet

Concept	2020 Q3	2019 Q3	2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$100.0K	$0.00	$0.00
YoY Change
Cash & Equivalents	$110.0K	$1.000K	$1.000K
Short-Term Investments
Other Short-Term Assets	$2.700M	$3.300M	$3.400M
YoY Change	-18.18%
Inventory	$41.60M	$50.65M	$50.58M
Prepaid Expenses
Receivables	$48.70M	$62.60M	$65.20M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$93.10M	$118.0M	$121.7M
YoY Change	-21.1%
LONG-TERM ASSETS
Property, Plant & Equipment	$110.6M	$128.1M	$127.7M
YoY Change	-13.66%
Goodwill		$70.92M	$72.43M
YoY Change
Intangibles		$74.85M	$77.53M
YoY Change
Long-Term Investments
YoY Change
Other Assets	$4.600M	$4.976M	$5.441M
YoY Change	-7.56%
Total Long-Term Assets	$250.8M	$282.1M	$284.9M
YoY Change	-11.1%
TOTAL ASSETS
Total Short-Term Assets	$93.10M	$118.0M	$121.7M
Total Long-Term Assets	$250.8M	$282.1M	$284.9M
Total Assets	$343.9M	$400.1M	$406.7M
YoY Change	-14.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$27.60M	$42.49M	$48.41M
YoY Change	-35.05%
Accrued Expenses	$11.80M	$15.40M	$14.40M
YoY Change	-23.38%
Deferred Revenue	$1.754M
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$600.0K	$700.0K	$8.392M
YoY Change	-14.29%
Total Short-Term Liabilities	$44.59M	$62.99M	$88.79M
YoY Change	-29.21%
LONG-TERM LIABILITIES
Long-Term Debt	$62.20M	$89.70M	$82.20M
YoY Change	-30.66%
Other Long-Term Liabilities	$100.0K	$100.0K	$100.0K
YoY Change	0.0%
Total Long-Term Liabilities	$100.0K	$100.0K	$100.0K
YoY Change	0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$44.59M	$62.99M	$88.79M
Total Long-Term Liabilities	$100.0K	$100.0K	$100.0K
Total Liabilities	$44.69M	$197.9M	$215.5M
YoY Change	-77.42%
SHAREHOLDERS EQUITY
Retained Earnings		$23.76M	$14.02M
YoY Change
Common Stock	$189.8M	$182.3M	$0.00
YoY Change	4.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)			$3.882M
YoY Change
Treasury Stock Shares
Shareholders Equity	$198.9M	$202.2M	$191.1M
YoY Change
Total Liabilities & Shareholders Equity	$343.9M	$400.1M	$406.7M
YoY Change	-14.04%

Cashflow Statement

Concept	2020 Q3	2019 Q3	2019 Q2
OPERATING ACTIVITIES
Net Income	-$1.100M	$9.746M	-$15.28M
YoY Change	-111.29%	102.03%	-288.9%
Depreciation, Depletion And Amortization	$7.890M	$8.290M	$8.710M
YoY Change	-4.83%	66.8%	77.39%
Cash From Operating Activities	$16.18M	$9.960M	$7.960M
YoY Change	62.45%	-15.59%	-47.28%
INVESTING ACTIVITIES
Capital Expenditures	-$1.700M	-$6.180M	-$8.490M
YoY Change	-72.49%	-15.8%	142.57%
Acquisitions
YoY Change
Other Investing Activities	$150.0K	-$1.610M	-$2.350M
YoY Change	-109.32%	-16200.0%
Cash From Investing Activities	-$1.540M	-$7.790M	-$10.84M
YoY Change	-80.23%	6.28%	209.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-14.64M	-2.170M	2.850M
YoY Change	574.65%	-51.45%	-124.7%
NET CHANGE
Cash From Operating Activities	16.18M	9.960M	7.960M
Cash From Investing Activities	-1.540M	-7.790M	-10.84M
Cash From Financing Activities	-14.64M	-2.170M	2.850M
Net Change In Cash	0.000	0.0000000009313	-30.00K
YoY Change	-100.0%	-200.0%	-150.0%
FREE CASH FLOW
Cash From Operating Activities	$16.18M	$9.960M	$7.960M
Capital Expenditures	-$1.700M	-$6.180M	-$8.490M
Free Cash Flow	$17.88M	$16.14M	$16.45M
YoY Change	10.78%	-15.67%	-11.56%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2019Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1107000
CY2019Q4	us-gaap	Assets Assets	363582000
CY2019Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	32173000
CY2019Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	526000
CY2020Q3	us-gaap	Common Stock No Par Value CommonStockNoParValue
CY2019Q4	us-gaap	Common Stock No Par Value CommonStockNoParValue
CY2020Q3	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	1293000
CY2019Q4	us-gaap	Common Stock Value CommonStockValue
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-231000
CY2020Q3	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	1033645
CY2019Q3	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	-9598000
CY2020Q3	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	1310000
CY2020Q3	mec	Accrued Salaries Wages And Payroll Taxes Current AccruedSalariesWagesAndPayrollTaxesCurrent	10529000
CY2019Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	72173000
CY2019Q4	us-gaap	Goodwill Goodwill	71535000
CY2020Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	4526000
CY2019Q4	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent	598000
CY2019Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	100000
CY2019Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	14188000
CY2020Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	75000000
CY2019Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	75000000
CY2020Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	21093035
CY2020Q3	us-gaap	Assets Held For Sale Not Part Of Disposal Group AssetsHeldForSaleNotPartOfDisposalGroup	3552000
CY2020Q3	us-gaap	Liabilities Current LiabilitiesCurrent	44590000
CY2019Q4	us-gaap	Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent	24949000
CY2019Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	20845693
CY2019Q4	us-gaap	Liabilities Liabilities	162687000
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	262262000
CY2019Q3	us-gaap	Cost Of Revenue CostOfRevenue	113941000
CY2019Q3	us-gaap	Deferred Compensation Arrangement With Individual Compensation Expense DeferredCompensationArrangementWithIndividualCompensationExpense	678000
CY2019Q3	us-gaap	Other Selling General And Administrative Expense OtherSellingGeneralAndAdministrativeExpense	6068000
CY2020Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2677000
CY2020Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	280000
	us-gaap	Cost Of Revenue CostOfRevenue	241838000
CY2020Q3	us-gaap	Cost Of Revenue CostOfRevenue	81340000
CY2019Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	128511000
CY2020Q3	us-gaap	Net Income Loss NetIncomeLoss	-1100000
CY2020Q3	us-gaap	Other Selling General And Administrative Expense OtherSellingGeneralAndAdministrativeExpense	4490000
	us-gaap	Other Selling General And Administrative Expense OtherSellingGeneralAndAdministrativeExpense	14642000
	us-gaap	Cost Of Revenue CostOfRevenue	362689000
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	8030000
CY2019Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2677000
CY2019Q3	mec	Employee Stock Ownership Plan Esop Compensation Income Expense EmployeeStockOwnershipPlanESOPCompensationIncomeExpense	1500000
CY2020Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	91075000
CY2020Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	343949000
	us-gaap	Deferred Compensation Arrangement With Individual Compensation Expense DeferredCompensationArrangementWithIndividualCompensationExpense	4807000
	us-gaap	Deferred Compensation Arrangement With Individual Compensation Expense DeferredCompensationArrangementWithIndividualCompensationExpense	25258000
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	417373000
CY2020Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-367000
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	8030000
CY2020Q3	us-gaap	Deferred Compensation Arrangement With Individual Compensation Expense DeferredCompensationArrangementWithIndividualCompensationExpense	2288000
	us-gaap	Other Selling General And Administrative Expense OtherSellingGeneralAndAdministrativeExpense	20296000
CY2019Q4	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	1213482
CY2019Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	12258000
	us-gaap	Operating Income Loss OperatingIncomeLoss	2655000
CY2020Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	733000
CY2019Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2512000
CY2019Q3	us-gaap	Net Income Loss NetIncomeLoss	9746000
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-9165000
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-3310000
	us-gaap	Share Based Compensation ShareBasedCompensation	3719000
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1101000
	us-gaap	Interest Expense InterestExpense	2110000
	us-gaap	Interest Expense InterestExpense	5811000
CY2019Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	13245000
	mec	Employee Stock Ownership Plan Esop Compensation Income Expense EmployeeStockOwnershipPlanESOPCompensationIncomeExpense	4500000
	us-gaap	Operating Income Loss OperatingIncomeLoss	-7055000
CY2020Q3	us-gaap	Interest Expense InterestExpense	647000
CY2019Q3	us-gaap	Interest Expense InterestExpense	987000
CY2019Q4	us-gaap	Capital Leases Balance Sheet Assets By Major Class Net CapitalLeasesBalanceSheetAssetsByMajorClassNet	3227000
	mec	Increase Decrease In Tooling In Process IncreaseDecreaseInToolingInProcess	-826000
CY2020Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.05
	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.26
	us-gaap	Profit Loss ProfitLoss	-3079000
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	767000
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-271000
	mec	Inventory Excess And Obsolescence Reserve InventoryExcessAndObsolescenceReserve	279000
	mec	Inventory Excess And Obsolescence Reserve InventoryExcessAndObsolescenceReserve	165000
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-688000
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-262000
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	9233000
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-7449000
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-3700000
	mec	Increase Decrease In Tooling In Process IncreaseDecreaseInToolingInProcess	2053000
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-338000
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1633000
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-4016000
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1175000
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	1189000
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	4266000
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	5776000
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-2290000
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	19291000
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	16424000
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	5354000
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	22820000
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	1920000
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	76000
	mec	Proceeds From Payments For Non Cash Adjustments Investing Activities ProceedsFromPaymentsForNonCashAdjustmentsInvestingActivities	-1656000
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	2368000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3434000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-26768000
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	209857000
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	367364000
CY2019Q2	us-gaap	Stockholders Equity StockholdersEquity	191132000
	mec	Deferred Compensation And Long Term Incentive Non Cash DeferredCompensationAndLongTermIncentiveNonCash	11392000
	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	-6054000
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-154000
	us-gaap	Business Combination Provisional Information Initial Accounting Incomplete Adjustment Inventory BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentInventory	395000
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	74000
CY2020Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	978000
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	16684337
	mec	Proforma Net Income ProformaNetIncome	-3252000
	mec	Proforma Earnings Per Share Basic And Diluted ProformaEarningsPerShareBasicAndDiluted	-0.41
	mec	Proforma Earnings Per Share Basic And Diluted ProformaEarningsPerShareBasicAndDiluted	-0.19
	us-gaap	Loss Contingency Disclosures LossContingencyDisclosures	<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Note 10. Contingencies </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">From time to time, the Company may be involved in various claims and lawsuits, both for and against the Company, arising in the normal course of business. Although the results of litigation and claims cannot be predicted with certainty, in management’s opinion, either the likelihood of loss is remote, or any reasonably possible loss associated with the resolution of such proceedings is not expected to have a material adverse impact on the consolidated financial statements. </p>
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-3088000
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1000
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	7256000
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	222443000
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	339993000
	us-gaap	Repayments Of Other Long Term Debt RepaymentsOfOtherLongTermDebt	119963000
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	206000
	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering	101763000
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	2510000
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1592000
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	446000
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	323000
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-15748000
CY2020Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	110000
CY2019Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1000
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	3089000
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	109000
	mec	Non Cash Transaction Construction In Progress And Accounts Payable NonCashTransactionConstructionInProgressAndAccountsPayable	201000
	mec	Non Cash Transaction Construction In Progress And Accounts Payable NonCashTransactionConstructionInProgressAndAccountsPayable	1238000
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	50000
CY2020Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	2435000
CY2020Q1	us-gaap	Stock Issued During Period Value Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan	4831000
CY2020Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1582000
	us-gaap	Interest Paid InterestPaid	2366000
	us-gaap	Interest Paid InterestPaid	6288000
	us-gaap	Income Taxes Paid IncomeTaxesPaid	351000
	us-gaap	Income Taxes Paid IncomeTaxesPaid	538000
CY2020Q1	us-gaap	Stockholders Equity StockholdersEquity	204923000
CY2020Q2	us-gaap	Net Income Loss NetIncomeLoss	-7014000
CY2020Q2	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	74000
CY2020Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1159000
CY2019Q1	us-gaap	Stockholders Equity StockholdersEquity
CY2019Q2	us-gaap	Reclassifications Of Temporary To Permanent Equity ReclassificationsOfTemporaryToPermanentEquity	105845000
CY2019Q2	mec	Net Income Loss Post Ipo NetIncomeLossPostIPO	-15681000
CY2019Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	101763000
CY2019Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	797000
CY2019Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	1592000
CY2019Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1338000
CY2019Q3	us-gaap	Stockholders Equity StockholdersEquity	202216000
CY2020Q3	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	5805000
CY2019Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	6194000
CY2020Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	279807000
CY2019Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	289063000
	mec	Number Of Facilities NumberOfFacilities	19
	mec	Number Of States NumberOfStates	7
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1
CY2019Q2	us-gaap	Conversion Of Stock Shares Converted1 ConversionOfStockSharesConverted1	10075
CY2020Q3	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	23525000
CY2019Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	28664000
CY2020Q3	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	8634000
CY2019Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	10834000
CY2020Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	171920000
CY2019Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	164000000
	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0
CY2020Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	41612000
CY2019Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	33582000
CY2020Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	60332000
CY2019Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	68362000
CY2020Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	2676000
CY2020Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	10706000
CY2020Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	6952000
CY2020Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	6866000
CY2020Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	5192000
CY2020Q3	mec	Finite Lived Intangible Assets Amortization Expense After Year Four FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour	27940000
	us-gaap	Capital Lease Obligations Incurred CapitalLeaseObligationsIncurred	0
CY2020Q3	us-gaap	Capital Lease Obligations Incurred CapitalLeaseObligationsIncurred	0
CY2020Q3	us-gaap	Capital Leases Future Minimum Payments Remainder Of Fiscal Year CapitalLeasesFutureMinimumPaymentsRemainderOfFiscalYear	184000
CY2020Q3	us-gaap	Capital Leases Future Minimum Payments Due Current CapitalLeasesFutureMinimumPaymentsDueCurrent	734000
CY2020Q3	us-gaap	Capital Leases Future Minimum Payments Due In Two Years CapitalLeasesFutureMinimumPaymentsDueInTwoYears	734000
CY2020Q3	us-gaap	Capital Leases Future Minimum Payments Due In Three Years CapitalLeasesFutureMinimumPaymentsDueInThreeYears	734000
CY2020Q3	us-gaap	Capital Leases Future Minimum Payments Due In Four Years CapitalLeasesFutureMinimumPaymentsDueInFourYears	514000
CY2020Q3	us-gaap	Capital Leases Future Minimum Payments Due Thereafter CapitalLeasesFutureMinimumPaymentsDueThereafter	226000
CY2020Q3	us-gaap	Capital Leases Future Minimum Payments Due CapitalLeasesFutureMinimumPaymentsDue	3126000
CY2020Q3	us-gaap	Capital Leases Future Minimum Payments Interest Included In Payments CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments	287000
CY2020Q3	us-gaap	Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments	2839000
CY2020Q3	us-gaap	Capital Lease Obligations CapitalLeaseObligations	2839000
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	877000
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	3112000
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	2300000
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	2260000
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	1473000
CY2020Q3	mec	Lessee Operating Lease Liability Payments Due After Year Four LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour	2981000
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	13003000
	mec	Lessee Operating Lease Term Of Contract Month And Year LesseeOperatingLeaseTermOfContractMonthAndYear	2028-12
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	3283000
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	3624000
CY2020Q3	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	1128000
CY2019Q3	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	1223000
CY2019	us-gaap	Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage DefinedContributionPlanEmployersMatchingContributionAnnualVestingPercentage	0.03
CY2020Q3	us-gaap	Employee Stock Ownership Plan Esop Shares In Esop EmployeeStockOwnershipPlanESOPSharesInESOP	10032641
CY2019Q4	us-gaap	Employee Stock Ownership Plan Esop Shares In Esop EmployeeStockOwnershipPlanESOPSharesInESOP	11790113
	us-gaap	Defined Contribution Plan Maximum Annual Contributions Per Employee Percent DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent	0.50
CY2020Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-1.9982
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.1217
	mec	Annual Effective Income Tax Rate Excluding Discrete Items AnnualEffectiveIncomeTaxRateExcludingDiscreteItems	0.2680
CY2020Q3	mec	Effective Income Tax Rate Reconciliation Result Of Removal Deferred Tax Asset Amount EffectiveIncomeTaxRateReconciliationResultOfRemovalDeferredTaxAssetAmount	0
	mec	Effective Income Tax Rate Reconciliation Result Of Removal Deferred Tax Asset Amount EffectiveIncomeTaxRateReconciliationResultOfRemovalDeferredTaxAssetAmount	483000
CY2020Q3	mec	Effective Income Tax Rate Reconciliation Due To Vesting Of Stock Based Compensation Awards And Change In Stock Price Amount EffectiveIncomeTaxRateReconciliationDueToVestingOfStockBasedCompensationAwardsAndChangeInStockPriceAmount	853000
	mec	Effective Income Tax Rate Reconciliation Due To Vesting Of Stock Based Compensation Awards And Change In Stock Price Amount EffectiveIncomeTaxRateReconciliationDueToVestingOfStockBasedCompensationAwardsAndChangeInStockPriceAmount	853000
CY2019Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.1960
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.0350
	mec	Annual Effective Income Tax Rate Excluding Discrete Items AnnualEffectiveIncomeTaxRateExcludingDiscreteItems	0.2335
CY2020Q3	mec	Deferred Tax Assests Tax Holiday DeferredTaxAssestsTaxHoliday	784000
CY2020Q3	us-gaap	Income Tax Examination Penalties And Interest Accrued IncomeTaxExaminationPenaltiesAndInterestAccrued	0
	us-gaap	Deferred Compensation Arrangement With Individual Description DeferredCompensationArrangementWithIndividualDescription	The Mayville Engineering Deferred Compensation Plan is available for certain employees designated to be eligible to participate by the Company and approved by the Board of Directors.
CY2020Q3	mec	Reinsurance Policy Retention To Limit Aggregate Expense ReinsurancePolicyRetentionToLimitAggregateExpense	4757000
	mec	Description Of Conditions In Respect Of Long Term Cash Incentives To Eligible Participants DescriptionOfConditionsInRespectOfLongTermCashIncentivesToEligibleParticipants	Prior to the IPO, the Company’s long-term incentive plan (LTIP) was available for any employee who had been designated to be eligible to participate by the Compensation Committee of the Board of Directors. Annually, the LTIP provided for long-term cash incentive awards to eligible participants based on the Company’s performance over a three-year performance period.
CY2020Q3	us-gaap	Assumed Liability For Unpaid Claims And Claims Adjustment Expense AssumedLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense	1567000
CY2019Q4	us-gaap	Assumed Liability For Unpaid Claims And Claims Adjustment Expense AssumedLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense	1316000
CY2019Q3	mec	Reinsurance Policy Retention To Limit Aggregate Expense ReinsurancePolicyRetentionToLimitAggregateExpense	4709000
	mec	Reinsurance Policy Retention To Limit Aggregate Expense ReinsurancePolicyRetentionToLimitAggregateExpense	16072000
	mec	Reinsurance Policy Retention To Limit Aggregate Expense ReinsurancePolicyRetentionToLimitAggregateExpense	14875000
CY2019Q2	us-gaap	Stockholders Equity Note Changes In Capital Structure Retroactive Impact StockholdersEquityNoteChangesInCapitalStructureRetroactiveImpact	On May 13, 2019 the Company issued a stock dividend specific to pre-IPO shares, of approximately 1,334.34-for-1. The share dividend was accounted for as a 1,334.34-for-1 stock split and is retroactively reflected in these consolidated financial statements. All share redemption provisions were removed effective with the IPO.
CY2019Q4	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	1589000
	us-gaap	Contract With Customer Asset Reclassified To Receivable ContractWithCustomerAssetReclassifiedToReceivable	2053000
CY2020Q3	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	3642000
CY2019Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	914000
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	840000
CY2020Q3	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	1754000
CY2020Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber	843942
CY2020Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice	9.97
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P9Y3M21D
CY2020Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	978000
CY2019Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1338000
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3719000
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2135000
	mec	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriod	2022-02-27
CY2020Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	4994000
CY2020Q3	mec	Unrecognized Stock Based Compensation Expense Forfeitures UnrecognizedStockBasedCompensationExpenseForfeitures	-25000
CY2020Q3	mec	Unrecognized Stock Based Compensation Non Vested Awards Expense UnrecognizedStockBasedCompensationNonVestedAwardsExpense	-978000
CY2020Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	3991000
CY2019Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	3720000
	mec	Unrecognized Stock Based Compensation Expense Grants UnrecognizedStockBasedCompensationExpenseGrants	5063000
	mec	Unrecognized Stock Based Compensation Expense Forfeitures UnrecognizedStockBasedCompensationExpenseForfeitures	-1073000
	mec	Unrecognized Stock Based Compensation Non Vested Awards Expense UnrecognizedStockBasedCompensationNonVestedAwardsExpense	-3719000
CY2020Q2	us-gaap	Restructuring Charges RestructuringCharges	1838000
CY2020Q2	mec	Receipts Payments For Restructuring ReceiptsPaymentsForRestructuring	1003000
CY2020Q2	us-gaap	Restructuring Reserve RestructuringReserve	835000
CY2020Q3	us-gaap	Restructuring Charges RestructuringCharges	687000
CY2020Q3	mec	Receipts Payments For Restructuring ReceiptsPaymentsForRestructuring	884000
CY2020Q3	us-gaap	Restructuring Reserve Accrual Adjustment1 RestructuringReserveAccrualAdjustment1	-638000

Files In Submission

Name	View Source	Status
0001564590-20-050034-index-headers.html	Edgar Link	pending
0001564590-20-050034-index.html	Edgar Link	pending
0001564590-20-050034.txt	Edgar Link	pending
0001564590-20-050034-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
mec-10q_20200930.htm	Edgar Link	pending
mec-20200930.xml	Edgar Link	completed
mec-20200930.xsd	Edgar Link	pending
mec-20200930_cal.xml	Edgar Link	unprocessable
mec-20200930_def.xml	Edgar Link	unprocessable
mec-20200930_lab.xml	Edgar Link	unprocessable
mec-20200930_pre.xml	Edgar Link	unprocessable
mec-ex101_72.htm	Edgar Link	pending
mec-ex102_71.htm	Edgar Link	pending
mec-ex311_6.htm	Edgar Link	pending
mec-ex312_8.htm	Edgar Link	pending
mec-ex32_7.htm	Edgar Link	pending
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$MEC
Mayville Engineering Company, Inc. Stock $mec

2020 Q3 Form 10-Q Financial Statement

#000156459020050034 Filed on November 03, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MEC Mayville Engineering Company, Inc. Stock $mec

2020 Q3 Form 10-Q Financial Statement

#000156459020050034 Filed on November 03, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MEC
Mayville Engineering Company, Inc. Stock $mec