2024 Q2 Form 10-Q Financial Statement

#000095017024051634 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $76.24M $73.34M
YoY Change 3.67% 8.06%
Cost Of Revenue $59.07M $56.46M
YoY Change 0.81% 5.61%
Gross Profit $17.16M $16.88M
YoY Change 14.9% 17.16%
Gross Profit Margin 22.51% 23.02%
Selling, General & Admin $11.13M $11.12M
YoY Change 3.33% 0.8%
% of Gross Profit 64.83% 65.86%
Research & Development $929.0K $854.0K
YoY Change 10.99% 4.91%
% of Gross Profit 5.41% 5.06%
Depreciation & Amortization $2.651M $2.794M
YoY Change -7.6% -8.45%
% of Gross Profit 15.45% 16.55%
Operating Expenses $12.05M $11.97M
YoY Change 3.89% 1.08%
Operating Profit $5.107M $4.910M
YoY Change 53.27% 91.42%
Interest Expense $1.931M $1.872M
YoY Change 1.85% 6.06%
% of Operating Profit 37.81% 38.13%
Other Income/Expense, Net -$2.210M -$2.235M
YoY Change -14.77% -13.3%
Pretax Income $2.900M $2.675M
YoY Change 314.29% -20676.92%
Income Tax $1.200M $244.0K
% Of Pretax Income 41.38% 9.12%
Net Earnings $1.490M $2.283M
YoY Change 268.81% 4207.55%
Net Earnings / Revenue 1.95% 3.11%
Basic Earnings Per Share $0.07 $0.11
Diluted Earnings Per Share $0.07 $0.11
COMMON SHARES
Basic Shares Outstanding 20.36M 20.27M
Diluted Shares Outstanding 20.39M 20.36M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.097M $4.847M
YoY Change -28.13% -51.17%
Cash & Equivalents $5.097M $4.847M
Short-Term Investments
Other Short-Term Assets $3.865M $4.351M
YoY Change -1.0% 14.89%
Inventory $82.27M $83.51M
Prepaid Expenses
Receivables $51.70M $50.42M
Other Receivables $1.715M $1.931M
Total Short-Term Assets $144.6M $145.1M
YoY Change 0.28% 5.14%
LONG-TERM ASSETS
Property, Plant & Equipment $52.19M $51.59M
YoY Change 4.54% -0.49%
Goodwill $36.85M $36.97M
YoY Change -0.6% -0.53%
Intangibles $10.51M $11.32M
YoY Change -23.25% -18.4%
Long-Term Investments
YoY Change
Other Assets $3.220M $3.469M
YoY Change 612.39% 667.48%
Total Long-Term Assets $110.6M $111.2M
YoY Change 1.33% -0.1%
TOTAL ASSETS
Total Short-Term Assets $144.6M $145.1M
Total Long-Term Assets $110.6M $111.2M
Total Assets $255.3M $256.2M
YoY Change 0.73% 2.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $49.99M $50.75M
YoY Change -5.71% 3.04%
Accrued Expenses $14.35M $14.10M
YoY Change 0.79% 7.99%
Deferred Revenue $2.021M $2.133M
YoY Change -23.82% -21.93%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $23.91M $23.29M
YoY Change -2.06% 6.99%
Total Short-Term Liabilities $93.02M $92.36M
YoY Change -3.62% 3.84%
LONG-TERM LIABILITIES
Long-Term Debt $65.33M $68.14M
YoY Change -7.55% -8.41%
Other Long-Term Liabilities $3.334M $4.211M
YoY Change -34.95% -24.53%
Total Long-Term Liabilities $79.00M $82.39M
YoY Change -8.57% -9.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $93.02M $92.36M
Total Long-Term Liabilities $79.00M $82.39M
Total Liabilities $172.0M $174.8M
YoY Change -5.96% -2.88%
SHAREHOLDERS EQUITY
Retained Earnings -$62.21M -$63.70M
YoY Change -14.64% -13.08%
Common Stock $140.7M $140.3M
YoY Change 1.31% 1.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $72.79M $71.28M
YoY Change
Total Liabilities & Shareholders Equity $255.3M $256.2M
YoY Change 0.73% 2.8%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $1.490M $2.283M
YoY Change 268.81% 4207.55%
Depreciation, Depletion And Amortization $2.651M $2.794M
YoY Change -7.6% -8.45%
Cash From Operating Activities $8.262M $625.0K
YoY Change -957.94% -140.51%
INVESTING ACTIVITIES
Capital Expenditures $5.912M $1.217M
YoY Change 530.28% -50.49%
Acquisitions
YoY Change
Other Investing Activities $207.0K $143.0K
YoY Change 88.18% -40.91%
Cash From Investing Activities -$5.705M -$1.074M
YoY Change 589.01% -54.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.079M -2.939M
YoY Change 96.13% -156.01%
NET CHANGE
Cash From Operating Activities 8.262M 625.0K
Cash From Investing Activities -5.705M -1.074M
Cash From Financing Activities -2.079M -2.939M
Net Change In Cash 478.0K -3.388M
YoY Change -116.77% -355.31%
FREE CASH FLOW
Cash From Operating Activities $8.262M $625.0K
Capital Expenditures $5.912M $1.217M
Free Cash Flow $2.350M -$592.0K
YoY Change -223.62% -85.2%

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11000
CY2023Q1 mntx Changes In Allowances For Credit Losses
ChangesInAllowancesForCreditLosses
29000
CY2024Q1 mntx Increase Decrease In Inventory Reserve
IncreaseDecreaseInInventoryReserve
-233000
CY2023Q1 mntx Increase Decrease In Inventory Reserve
IncreaseDecreaseInInventoryReserve
-101000
CY2024Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
279000
CY2023Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-398000
CY2024Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
11000
CY2023Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
19000
CY2023Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
86000
CY2023Q1 mntx Gain Losses On Forward Currency Contract
GainLossesOnForwardCurrencyContract
15000
CY2024Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
92000
CY2023Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
59000
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
633000
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
766000
CY2024Q1 mntx Adjustments To Deferred Gain On Sales And Lease Back
AdjustmentsToDeferredGainOnSalesAndLeaseBack
20000
CY2023Q1 mntx Adjustments To Deferred Gain On Sales And Lease Back
AdjustmentsToDeferredGainOnSalesAndLeaseBack
20000
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2077000
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-564000
CY2024Q1 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
1394000
CY2023Q1 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-36000
CY2024Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2377000
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8732000
CY2024Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
155000
CY2023Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-222000
CY2024Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-75000
CY2024Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1338000
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2857000
CY2024Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-226000
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
740000
CY2024Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-213000
CY2023Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-718000
CY2024Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-676000
CY2023Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-47000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
625000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1543000
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1217000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2458000
CY2024Q1 mntx Investment In Intangible Assets
InvestmentInIntangibleAssets
0
CY2023Q1 mntx Investment In Intangible Assets
InvestmentInIntangibleAssets
161000
CY2024Q1 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
143000
CY2023Q1 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
242000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1074000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2377000
CY2024Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
891000
CY2023Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
7678000
CY2024Q1 mntx Net Payment On Working Capital Facilities
NetPaymentOnWorkingCapitalFacilities
2830000
CY2023Q1 mntx Net Payment On Working Capital Facilities
NetPaymentOnWorkingCapitalFacilities
1522000
CY2024Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
803000
CY2023Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
750000
CY2024Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
57000
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
40000
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
140000
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
119000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2939000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5247000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-3388000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1327000
CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-1039000
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
618000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9481000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8190000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5054000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10135000
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4
CY2024Q1 us-gaap Number Of Reporting Units
NumberOfReportingUnits
5
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
2107000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
1828000
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-407000
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
22000
CY2023Q1 mntx Right Of Use Asset Obtained In Exchange For Lease Liability
RightOfUseAssetObtainedInExchangeForLeaseLiability
2480000
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4847000
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9927000
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
207000
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
208000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5054000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10135000
CY2024Q1 mntx Statutory Limit Of Highly Liquid Investments
StatutoryLimitOfHighlyLiquidInvestments
250000
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
207000
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
212000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2145000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2186000
CY2024Q1 us-gaap Depreciation
Depreciation
2002000
CY2023Q1 us-gaap Depreciation
Depreciation
2303000
CY2024Q1 us-gaap Extended Product Warranty Accrual Period Increase Decrease
ExtendedProductWarrantyAccrualPeriodIncreaseDecrease
1896000
CY2023 us-gaap Extended Product Warranty Accrual Period Increase Decrease
ExtendedProductWarrantyAccrualPeriodIncreaseDecrease
2038000
CY2024Q1 us-gaap Advertising Expense
AdvertisingExpense
271000
CY2023Q1 us-gaap Advertising Expense
AdvertisingExpense
187000
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
73343000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
67871000
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
73343000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
67871000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2384000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3407000
CY2024Q1 mntx Additional Customer Deposits Received Where Revenue Has Not Yet Been Recognized
AdditionalCustomerDepositsReceivedWhereRevenueHasNotYetBeenRecognized
4285000
CY2023Q1 mntx Additional Customer Deposits Received Where Revenue Has Not Yet Been Recognized
AdditionalCustomerDepositsReceivedWhereRevenueHasNotYetBeenRecognized
1937000
CY2024Q1 mntx Contract With Customer Liability Revenue Recognized Including Additions
ContractWithCustomerLiabilityRevenueRecognizedIncludingAdditions
4479000
CY2023Q1 mntx Contract With Customer Liability Revenue Recognized Including Additions
ContractWithCustomerLiabilityRevenueRecognizedIncludingAdditions
2639000
CY2024Q1 mntx Effect Of Change In Exchange Rates
EffectOfChangeInExchangeRates
57000
CY2023Q1 mntx Effect Of Change In Exchange Rates
EffectOfChangeInExchangeRates
-27000
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2133000
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2732000
CY2024Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
54304000
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
57185000
CY2024Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
8204000
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
7014000
CY2024Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
21002000
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
18138000
CY2024Q1 us-gaap Inventory Net
InventoryNet
83510000
CY2023Q4 us-gaap Inventory Net
InventoryNet
82337000
CY2024Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
7133000
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
7721000
CY2024Q1 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
1926000
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
11323000
CY2023Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
1975000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
12225000
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
792000
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
749000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1623000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2139000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
779000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
521000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
521000
CY2024Q1 mntx Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
3814000
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9397000
CY2024Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1926000
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
11323000
CY2023Q4 us-gaap Goodwill
Goodwill
37354000
CY2022Q4 us-gaap Goodwill
Goodwill
36916000
CY2023Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-80000
CY2024Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-386000
CY2023Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
518000
CY2024Q1 us-gaap Goodwill
Goodwill
36968000
CY2023Q1 us-gaap Goodwill
Goodwill
37354000
CY2024Q1 mntx Accrued Payroll And Benefits Current
AccruedPayrollAndBenefitsCurrent
5937000
CY2023Q4 mntx Accrued Payroll And Benefits Current
AccruedPayrollAndBenefitsCurrent
5526000
CY2024Q1 us-gaap Accrued Vacation Current
AccruedVacationCurrent
2150000
CY2023Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
1961000
CY2024Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
2090000
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
2505000
CY2024Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1896000
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2038000
CY2024Q1 mntx Accrued Legal Settlement
AccruedLegalSettlement
870000
CY2023Q4 mntx Accrued Legal Settlement
AccruedLegalSettlement
870000
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1151000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1603000
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
14095000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
14503000
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
2038000
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1916000
CY2024Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
595000
CY2023Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
167000
CY2024Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
723000
CY2023Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
274000
CY2024Q1 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-14000
CY2023Q1 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
8000
CY2024Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1896000
CY2023Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1817000
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
88245000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
91621000
CY2024Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
51000
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
63000
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
88193000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
91558000
CY2024Q1 mntx Lease Renewal Term
LeaseRenewalTerm
Most leases include one or more options to renew, with renewal terms that can extend the lease term.
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y9M18D
CY2024Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.060
CY2024Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.124
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7829000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7416000
CY2024Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1514000
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1612000
CY2024Q1 mntx Lease Right Of Use Asset
LeaseRightOfUseAsset
9343000
CY2023Q4 mntx Lease Right Of Use Asset
LeaseRightOfUseAsset
9028000
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2081000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2100000
CY2024Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
632000
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
605000
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5748000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5315000
CY2024Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2609000
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2777000
CY2024Q1 mntx Lease Liability
LeaseLiability
11070000
CY2023Q4 mntx Lease Liability
LeaseLiability
10797000
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1001000
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
501000
CY2024Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
98000
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
98000
CY2024Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
104000
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
119000
CY2024Q1 us-gaap Lease Cost
LeaseCost
1203000
CY2023Q1 us-gaap Lease Cost
LeaseCost
718000
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1001000
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
501000
CY2024Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
104000
CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
119000
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
140000
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
119000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1635000
CY2024Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
746000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1905000
CY2024Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
996000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1710000
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1018000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1024000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20122054
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1049000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
593000
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
356000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
511000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1275000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8653000
CY2024Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
4165000
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
824000
CY2024Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
924000
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
7829000
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
3241000
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2081000
CY2024Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
632000
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5748000
CY2024Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2609000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
244000
CY2024Q1 mntx Discrete Income Tax Provision Benefit
DiscreteIncomeTaxProvisionBenefit
412000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13000
CY2023Q1 mntx Discrete Income Tax Provision Benefit
DiscreteIncomeTaxProvisionBenefit
16000
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.091
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2675000
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
1
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-13000
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2200000
CY2023Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2900000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
2431000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-26000
CY2024Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
148000
CY2023Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
-79000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
2283000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
53000
CY2024Q1 mntx Earnings Per Share Basic Before Noncontrolling Interest
EarningsPerShareBasicBeforeNoncontrollingInterest
0.12
CY2024Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.11
CY2024Q1 mntx Earnings Per Share Diluted Before Noncontrolling Interest
EarningsPerShareDilutedBeforeNoncontrollingInterest
0.12
CY2024Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.11
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20284920
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20284920
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20122054
CY2024Q1 mntx Dilutive Effect Of Restricted Stock Units And Stock Options
DilutiveEffectOfRestrictedStockUnitsAndStockOptions
78722
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20363642
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20122054
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
293882
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
534890
CY2024Q1 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
66700
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
428255000
CY2024Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
8841
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
258888
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
102000
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
57859
CY2024Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
8841
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
306
CY2024Q1 us-gaap Assets
Assets
256245000
CY2023Q1 us-gaap Assets
Assets
249198000
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2794000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3052000
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
293882
CY2024Q1 us-gaap Loss Contingency Settlement Agreement Date
LossContingencySettlementAgreementDate
May 5, 2011
CY2011Q2 mntx Number Of Settlement Agreements
NumberOfSettlementAgreements
2
CY2011Q2 us-gaap Loss Contingency Number Of Plaintiffs
LossContingencyNumberOfPlaintiffs
2
CY2024Q1 us-gaap Loss Contingency Settlement Agreement Terms
LossContingencySettlementAgreementTerms
the Company has a remaining obligation under these agreements to pay the plaintiffs $855 without interest in 9 annual installments of $95 on or before May 22 of each year.
CY2024Q1 mntx Remaining Obligation To Pay Product Liability Settlement To Plaintiffs
RemainingObligationToPayProductLiabilitySettlementToPlaintiffs
855000
CY2024Q1 mntx Number Of Installments For Payment Of Product Liability Settlement
NumberOfInstallmentsForPaymentOfProductLiabilitySettlement
9
CY2024Q1 mntx Annual Installment Amount Of Liability Payable
AnnualInstallmentAmountOfLiabilityPayable
95000
CY2024Q1 mntx Estimated Reserve For Product Liability Claims Change In Period
EstimatedReserveForProductLiabilityClaimsChangeInPeriod
P12M
CY2024Q1 us-gaap Other Operating Income
OtherOperatingIncome
11000
CY2023Q1 us-gaap Other Operating Income
OtherOperatingIncome
109000
CY2023Q1 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
42000
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
73343000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
67871000
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
4910000
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2565000
CY2024Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
4390000
CY2023Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2458000
CY2024Q1 us-gaap Depreciation
Depreciation
2002000
CY2023Q1 us-gaap Depreciation
Depreciation
2303000
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
82933000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
79311000
CY2024Q1 mntx Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Excluding Finance Lease
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentExcludingFinanceLease
28159000
CY2022Q4 mntx Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Excluding Finance Lease
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentExcludingFinanceLease
26671000
CY2024Q1 mntx Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Including Finance Lease
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentIncludingFinanceLease
3180000
CY2022Q4 mntx Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Including Finance Lease
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentIncludingFinanceLease
3080000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
51594000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
49560000

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