$MEC
Mayville Engineering Company, Inc.

2021 Q1 Form 10-Q Financial Statement

#000156459021024186 Filed on May 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $112.6M $108.6M
YoY Change 3.7% -24.44%
Cost Of Revenue $97.84M $96.76M
YoY Change 1.12% -22.06%
Gross Profit $14.78M $11.84M
YoY Change 24.77% -39.51%
Gross Profit Margin 13.12% 10.9%
Selling, General & Admin $8.000M $7.600M
YoY Change 5.26% -24.0%
% of Gross Profit 54.14% 64.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.074M $5.603M
YoY Change -9.44% -26.76%
% of Gross Profit 34.34% 47.31%
Operating Expenses $10.80M $10.20M
YoY Change 5.88% -19.05%
Operating Profit $4.066M $1.567M
YoY Change 159.48% -74.14%
Interest Expense $532.0K $826.0K
YoY Change -35.59% -70.83%
% of Operating Profit 13.08% 52.71%
Other Income/Expense, Net
YoY Change
Pretax Income $3.534M $741.0K
YoY Change 376.92% -77.04%
Income Tax $989.0K $691.0K
% Of Pretax Income 27.99% 93.25%
Net Earnings $2.545M $50.00K
YoY Change 4990.0% -97.97%
Net Earnings / Revenue 2.26% 0.05%
Basic Earnings Per Share $0.13 $0.00
Diluted Earnings Per Share $0.12 $0.00
COMMON SHARES
Basic Shares Outstanding 20.18M 19.53M
Diluted Shares Outstanding 20.67M 19.53M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $100.0K $13.00M
YoY Change -99.23%
Cash & Equivalents $124.0K $13.00M
Short-Term Investments
Other Short-Term Assets $2.100M $2.400M
YoY Change -12.5% -7.69%
Inventory $45.96M $48.90M
Prepaid Expenses
Receivables $56.60M $49.40M
Other Receivables $0.00 $0.00
Total Short-Term Assets $107.6M $113.8M
YoY Change -5.45% -10.04%
LONG-TERM ASSETS
Property, Plant & Equipment $106.8M $124.8M
YoY Change -14.39% -0.62%
Goodwill $71.54M
YoY Change
Intangibles $58.79M
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.600M $1.000M
YoY Change 560.0% 31.23%
Total Long-Term Assets $246.2M $266.8M
YoY Change -7.72% -4.36%
TOTAL ASSETS
Total Short-Term Assets $107.6M $113.8M
Total Long-Term Assets $246.2M $266.8M
Total Assets $353.8M $380.6M
YoY Change -7.04% -6.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.10M $33.40M
YoY Change 23.05% -33.63%
Accrued Expenses $13.70M $9.100M
YoY Change 50.55% -20.87%
Deferred Revenue $1.012M $1.242M
YoY Change -18.52%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $600.0K $600.0K
YoY Change 0.0% -94.31%
Total Short-Term Liabilities $61.30M $46.10M
YoY Change 32.97% -47.28%
LONG-TERM LIABILITIES
Long-Term Debt $48.40M $90.30M
YoY Change -46.4% -49.18%
Other Long-Term Liabilities $25.20M $24.40M
YoY Change 3.28% 24300.0%
Total Long-Term Liabilities $73.60M $114.7M
YoY Change -35.83% 114600.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $61.30M $46.10M
Total Long-Term Liabilities $73.60M $114.7M
Total Liabilities $147.2M $175.7M
YoY Change -16.22% -41.44%
SHAREHOLDERS EQUITY
Retained Earnings $17.54M
YoY Change
Common Stock $193.3M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $206.5M $204.9M
YoY Change
Total Liabilities & Shareholders Equity $353.8M $380.6M
YoY Change -7.05% -6.13%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $2.545M $50.00K
YoY Change 4990.0% -97.97%
Depreciation, Depletion And Amortization $5.074M $5.603M
YoY Change -9.44% -26.76%
Cash From Operating Activities $4.194M $2.633M
YoY Change 59.29% -275.53%
INVESTING ACTIVITIES
Capital Expenditures $5.559M $2.376M
YoY Change 133.96% -70.85%
Acquisitions
YoY Change
Other Investing Activities $300.0K $100.0K
YoY Change 200.0% 900.0%
Cash From Investing Activities -$5.255M -$2.272M
YoY Change 131.29% -72.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.435M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.064M 12.64M
YoY Change -91.58% 92.08%
NET CHANGE
Cash From Operating Activities 4.194M 2.633M
Cash From Investing Activities -5.255M -2.272M
Cash From Financing Activities 1.064M 12.64M
Net Change In Cash 3.000K 13.00M
YoY Change -99.98% -524.7%
FREE CASH FLOW
Cash From Operating Activities $4.194M $2.633M
Capital Expenditures $5.559M $2.376M
Free Cash Flow -$1.365M $257.0K
YoY Change -631.13% -102.66%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q1 mec Employee Stock Ownership Plan Esop Compensation Income Expense
EmployeeStockOwnershipPlanESOPCompensationIncomeExpense
473000
CY2020Q4 us-gaap Assets
Assets
338533000
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000
CY2020Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
190793000
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
14998000
CY2021Q1 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
4309000
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2677000
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2677000
CY2021Q1 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
2865000
CY2020Q1 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
1325000
CY2020Q1 mec Employee Stock Ownership Plan Esop Compensation Income Expense
EmployeeStockOwnershipPlanESOPCompensationIncomeExpense
675000
CY2021Q1 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
4695000
CY2020Q1 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
5599000
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1567000
CY2020Q1 us-gaap Interest Expense
InterestExpense
826000
CY2021Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
CY2020Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
CY2020Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
3552000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1298000
CY2020Q4 us-gaap Goodwill
Goodwill
71535000
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
61467000
CY2020Q4 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
2581000
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3462000
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
33495000
CY2020Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
626000
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
11887000
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
17543000
CY2021Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
193312000
CY2021Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
353786000
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21093035
CY2020Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
4934000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
200857000
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
338533000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
206546000
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
741000
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
691000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
50000
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20177900
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19533533
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20667684
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19533533
CY2021Q1 us-gaap Profit Loss
ProfitLoss
2545000
CY2020Q1 us-gaap Profit Loss
ProfitLoss
50000
CY2021Q1 us-gaap Depreciation
Depreciation
5074000
CY2020Q1 us-gaap Depreciation
Depreciation
5603000
CY2021Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
2677000
CY2020Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
2677000
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1200000
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1582000
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
49000
CY2021Q1 mec Inventory Excess And Obsolescence Reserve
InventoryExcessAndObsolescenceReserve
-405000
CY2021Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-84000
CY2021Q1 mec Deferred Compensation And Long Term Incentive Non Cash
DeferredCompensationAndLongTermIncentiveNonCash
-490000
CY2021Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-66000
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14560000
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4191000
CY2021Q1 mec Increase Decrease In Tooling In Process
IncreaseDecreaseInToolingInProcess
-325000
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-475000
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
7722000
CY2021Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-738000
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2435000
CY2021Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
154000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1064000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
121000
CY2021Q1 us-gaap Interest Paid
InterestPaid
565000
CY2020Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
15000
CY2021Q1 mec Non Cash Transaction Construction In Progress And Accounts Payable
NonCashTransactionConstructionInProgressAndAccountsPayable
1471000
CY2020Q1 mec Non Cash Transaction Construction In Progress And Accounts Payable
NonCashTransactionConstructionInProgressAndAccountsPayable
474000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
200857000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
2545000
CY2021Q1 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
1944000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1200000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
206546000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
200895000
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
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
204923000
CY2021Q1 mec Number Of Facilities
NumberOfFacilities
19
CY2021Q1 mec Number Of States
NumberOfStates
7
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
176491000
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
106837000
CY2021Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
287911000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
283179000
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
181074000
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
61467000
CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
26614000
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
24561000
CY2021Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
13094000
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
11266000
CY2021Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
6254000
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
5539000
CY2021Q1 us-gaap Inventory Net
InventoryNet
45962000
CY2020Q4 us-gaap Inventory Net
InventoryNet
41366000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
106688000
CY2021Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
3552000
CY2020Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
3552000
CY2020Q4 us-gaap Goodwill
Goodwill
71535000
CY2021Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021Q1 us-gaap Goodwill
Goodwill
71535000
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
46965000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
44288000
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
54979000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
57656000
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
58790000
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
61467000
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2677000
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
58790000
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2677000
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2677000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
8029000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
6952000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
6866000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
5192000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5192000
CY2021Q1 mec Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
22748000
CY2021Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0
CY2020Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0
CY2021Q1 us-gaap Capital Leases Future Minimum Payments Remainder Of Fiscal Year
CapitalLeasesFutureMinimumPaymentsRemainderOfFiscalYear
551000
CY2021Q1 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
734000
CY2021Q1 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
734000
CY2021Q1 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
514000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
12389000
CY2021Q1 mec Lessee Operating Lease Term Of Contract Month And Year
LesseeOperatingLeaseTermOfContractMonthAndYear
2028-12
CY2021Q1 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1084000
CY2020Q1 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1061000
CY2021Q1 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
226000
CY2021Q1 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
2759000
CY2021Q1 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
226000
CY2021Q1 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
2533000
CY2021Q1 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
633000
CY2021Q1 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
1900000
CY2021Q1 us-gaap Capital Lease Obligations
CapitalLeaseObligations
2533000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2496000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2535000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2463000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1654000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1025000
CY2021Q1 mec Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
2216000
CY2019 us-gaap Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage
DefinedContributionPlanEmployersMatchingContributionAnnualVestingPercentage
0.03
CY2021Q1 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
7694694
CY2020Q4 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
8253533
CY2020Q4 us-gaap Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
25631000
CY2021Q1 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.50
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
989000
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2798
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
691000
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.9316
CY2021Q1 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2021Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2021Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
307000
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
208000
CY2021Q1 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 9. 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>
CY2021Q1 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.
CY2021Q1 us-gaap Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
25141000
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2021Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
2800000
CY2021Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1012000
CY2021Q1 mec Reinsurance Policy Retention To Limit Aggregate Expense
ReinsurancePolicyRetentionToLimitAggregateExpense
5096000
CY2020Q1 mec Reinsurance Policy Retention To Limit Aggregate Expense
ReinsurancePolicyRetentionToLimitAggregateExpense
5904000
CY2021Q1 us-gaap Assumed Liability For Unpaid Claims And Claims Adjustment Expense
AssumedLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
2120000
CY2020Q4 us-gaap Assumed Liability For Unpaid Claims And Claims Adjustment Expense
AssumedLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
1721000
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
3126000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1060000
CY2021Q1 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
326000
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
48000
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
112620000
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
108605000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1151307
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
11.05
CY2021Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P9Y1M24D
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1200000
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1582000
CY2021Q1 mec Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriod
2023-02-26
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
2977000
CY2021Q1 mec Unrecognized Stock Based Compensation Expense Grants
UnrecognizedStockBasedCompensationExpenseGrants
4694000
CY2021Q1 mec Unrecognized Stock Based Compensation Expense Forfeitures
UnrecognizedStockBasedCompensationExpenseForfeitures
81000
CY2021Q1 mec Unrecognized Stock Based Compensation Non Vested Awards Expense
UnrecognizedStockBasedCompensationNonVestedAwardsExpense
1200000
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
6390000

Files In Submission

Name View Source Status
0001564590-21-024186-index-headers.html Edgar Link pending
0001564590-21-024186-index.html Edgar Link pending
0001564590-21-024186.txt Edgar Link pending
0001564590-21-024186-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
mec-10q_20210331.htm Edgar Link pending
mec-10q_20210331_htm.xml Edgar Link completed
mec-20210331.xsd Edgar Link pending
mec-20210331_cal.xml Edgar Link unprocessable
mec-20210331_def.xml Edgar Link unprocessable
mec-20210331_lab.xml Edgar Link unprocessable
mec-20210331_pre.xml Edgar Link unprocessable
mec-ex311_9.htm Edgar Link pending
mec-ex312_8.htm Edgar Link pending
mec-ex32_7.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending