2012 Q3 Form 10-K Financial Statement

#000119312513107189 Filed on March 14, 2013

View on sec.gov

Income Statement

Concept 2012 Q3 2012 2011 Q4
Revenue $53.38M $205.2M $36.56M
YoY Change 44.5% 44.25% 23.94%
Cost Of Revenue $42.57M $164.8M $29.10M
YoY Change 46.2% 45.77% 32.88%
Gross Profit $10.81M $40.46M $7.489M
YoY Change 38.16% 38.34% -2.74%
Gross Profit Margin 20.25% 19.71% 20.48%
Selling, General & Admin $5.742M $23.55M $5.000M
YoY Change 11.52% 18.36% -5.66%
% of Gross Profit 53.12% 58.19% 66.76%
Research & Development $601.0K $2.457M $400.0K
YoY Change 35.97% 56.4% 33.33%
% of Gross Profit 5.56% 6.07% 5.34%
Depreciation & Amortization $880.0K $3.498M $820.0K
YoY Change -4.35% 4.86% 2.5%
% of Gross Profit 8.14% 8.64% 10.95%
Operating Expenses $6.343M $26.01M $5.400M
YoY Change 13.45% 14.82% -3.57%
Operating Profit $4.467M $14.46M $2.089M
YoY Change 100.04% 119.04% -0.52%
Interest Expense $578.0K $2.457M -$600.0K
YoY Change -11.49% -3.27% 0.0%
% of Operating Profit 12.94% 16.99% -28.72%
Other Income/Expense, Net -$650.0K -$2.561M $100.0K
YoY Change -2.55% 7.24% -200.0%
Pretax Income $3.817M $11.32M $400.0K
YoY Change 143.74% 227.05% -71.43%
Income Tax $1.313M $3.821M $100.0K
% Of Pretax Income 34.4% 33.77% 25.0%
Net Earnings $2.504M $8.077M $289.0K
YoY Change 145.49% 190.54% -67.89%
Net Earnings / Revenue 4.69% 3.94% 0.79%
Basic Earnings Per Share $0.21 $0.68 $0.03
Diluted Earnings Per Share $0.21 $0.68 $0.03
COMMON SHARES
Basic Shares Outstanding 12.14M shares 11.95M shares 11.55M shares
Diluted Shares Outstanding 12.15M shares 11.96M shares 11.56M shares

Balance Sheet

Concept 2012 Q3 2012 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.300M $1.900M $100.0K
YoY Change 312.5% 1800.0% -85.71%
Cash & Equivalents $3.305M $71.00K
Short-Term Investments
Other Short-Term Assets $3.400M $2.400M $2.200M
YoY Change 61.9% 9.09% -8.33%
Inventory $60.51M $61.30M $42.31M
Prepaid Expenses
Receivables $33.09M $36.50M $23.91M
Other Receivables $2.800M $2.700M $2.300M
Total Short-Term Assets $103.5M $104.8M $71.21M
YoY Change 56.27% 47.19% 30.18%
LONG-TERM ASSETS
Property, Plant & Equipment $10.27M $10.30M $11.02M
YoY Change -9.09% -6.36% 2.96%
Goodwill $15.27M $15.27M
YoY Change
Intangibles $18.59M $20.15M
YoY Change
Long-Term Investments
YoY Change
Other Assets $134.0K $2.400M $150.0K
YoY Change -96.95% -29.41% -97.17%
Total Long-Term Assets $45.99M $46.70M $50.38M
YoY Change -11.22% -7.34% -0.86%
TOTAL ASSETS
Total Short-Term Assets $103.5M $104.8M $71.21M
Total Long-Term Assets $45.99M $46.70M $50.38M
Total Assets $149.4M $151.5M $121.6M
YoY Change 26.64% 24.59% 15.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.57M $25.90M $18.42M
YoY Change 75.99% 38.5% 24.47%
Accrued Expenses $6.091M $7.700M $4.946M
YoY Change 45.02% 57.14% 15.02%
Deferred Revenue
YoY Change
Short-Term Debt $6.900M $7.100M $5.500M
YoY Change 40.82% 3450.0% 96.43%
Long-Term Debt Due $1.100M $1.000M $600.0K
YoY Change 83.33% -83.33% 0.0%
Total Short-Term Liabilities $44.66M $43.40M $30.18M
YoY Change 65.39% 43.71% 31.2%
LONG-TERM LIABILITIES
Long-Term Debt $39.50M $41.00M $36.20M
YoY Change 5.05% 13.26% 17.53%
Other Long-Term Liabilities $1.120M $3.300M $1.143M
YoY Change -58.52% -8.33% -61.9%
Total Long-Term Liabilities $47.57M $44.30M $44.62M
YoY Change 18.05% 11.31% 32.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $44.66M $43.40M $30.18M
Total Long-Term Liabilities $47.57M $44.30M $44.62M
Total Liabilities $92.23M $92.00M $74.80M
YoY Change 26.69% 22.99% 20.25%
SHAREHOLDERS EQUITY
Retained Earnings $2.664M -$3.368M
YoY Change
Common Stock $52.76M $48.57M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $57.21M $59.50M $46.79M
YoY Change
Total Liabilities & Shareholders Equity $149.4M $151.5M $121.6M
YoY Change 26.64% 24.59% 15.25%

Cashflow Statement

Concept 2012 Q3 2012 2011 Q4
OPERATING ACTIVITIES
Net Income $2.504M $8.077M $289.0K
YoY Change 145.49% 190.54% -67.89%
Depreciation, Depletion And Amortization $880.0K $3.498M $820.0K
YoY Change -4.35% 4.86% 2.5%
Cash From Operating Activities $1.380M -$6.484M -$940.0K
YoY Change 206.67% 19.92% -413.33%
INVESTING ACTIVITIES
Capital Expenditures -$340.0K $1.125M $1.420M
YoY Change -79.88% 84.43% -1875.0%
Acquisitions $345.0K
YoY Change
Other Investing Activities $50.00K -$130.0K -$1.590M
YoY Change -82.76% -90.08%
Cash From Investing Activities -$290.0K -$1.258M -$170.0K
YoY Change -79.14% -34.41% 88.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.781M $3.781M
YoY Change 31408.33%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 280.0K 9.268M 340.0K
YoY Change -73.58% 34.44% 183.33%
NET CHANGE
Cash From Operating Activities 1.380M -6.484M -940.0K
Cash From Investing Activities -290.0K -1.258M -170.0K
Cash From Financing Activities 280.0K 9.268M 340.0K
Net Change In Cash 1.370M 1.526M -770.0K
YoY Change 1041.67% -454.06% -333.33%
FREE CASH FLOW
Cash From Operating Activities $1.380M -$6.484M -$940.0K
Capital Expenditures -$340.0K $1.125M $1.420M
Free Cash Flow $1.720M -$7.609M -$2.360M
YoY Change -19.63% 26.46% -721.05%

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CY2012Q4 us-gaap Capital Leases Future Minimum Payments Receivable Current
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276000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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CY2012Q4 us-gaap Liabilities Current
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43351000
CY2012Q4 us-gaap Cash Fdic Insured Amount
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250000
CY2012Q4 us-gaap Intangible Assets Net Including Goodwill
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33725000
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
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1206000
CY2012Q4 us-gaap Accrued Sales Commission Current
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617000
CY2012Q4 us-gaap Accrued Bonuses Current
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1838000
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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1135000
CY2012Q4 us-gaap Deferred Tax Liabilities
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4269000
CY2012Q4 us-gaap Accrued Payroll Taxes Current
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1084000
CY2012Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
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242000
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
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904000
CY2012Q4 us-gaap Inventory Work In Process
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9465000
CY2012Q4 us-gaap Capital Leased Assets Noncurrent Fair Value Disclosure
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6200000
CY2012Q4 us-gaap Deferred Tax Assets Net Noncurrent
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2259000
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
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4679000
CY2012Q4 us-gaap Assets
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151504000
CY2012Q4 us-gaap Notional Amount Of Foreign Currency Derivative Purchase Contracts
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2067
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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1889000
CY2012Q4 us-gaap Noncurrent Assets
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CY2012Q4 us-gaap Inventory Raw Materials
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43207000
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
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5040000
CY2012Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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3727000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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281000
CY2012Q4 us-gaap Accrued Vacation Current
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384000
CY2012Q4 us-gaap Product Liability Accrual Component Amount
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87000
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
1143000
CY2012Q4 us-gaap Accounts Receivable Net Current
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36189000
CY2012Q4 us-gaap Inventory Net
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61290000
CY2012Q4 us-gaap Standard Product Warranty Accrual
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988000
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
296000
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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2158000
CY2012Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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161000
CY2012Q4 us-gaap Contractual Obligation Due After Fifth Year
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2384000
CY2012Q4 us-gaap Property Plant And Equipment Gross
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17440000
CY2012Q4 us-gaap Deferred Tax Assets Net
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3425000
CY2012Q4 us-gaap Other Assets Noncurrent
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139000
CY2012Q4 us-gaap Accrued Income Taxes Current
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1160000
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
1946000
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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7000
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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2158000
CY2012Q4 us-gaap Inventory Valuation Reserves
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700000
CY2012Q4 us-gaap Deferred Tax Liabilities Noncurrent
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4269000
CY2012Q4 us-gaap Deferred Tax Assets Unrealized Currency Losses
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211000
CY2012Q4 us-gaap Liabilities And Stockholders Equity
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151504000
CY2012Q4 us-gaap Common Stock Shares Issued
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12268443 shares
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
1776000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
109750 shares
CY2012Q4 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
38000
CY2012Q4 us-gaap Common Stock Value
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53040000
CY2012Q4 us-gaap Contractual Obligation Due In Next Twelve Months
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47308000
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2012Q4 us-gaap Deferred Tax Assets Gross
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3425000
CY2012Q4 us-gaap Accounts Payable Trade Current
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25101000
CY2012Q4 us-gaap Goodwill
Goodwill
15283000
CY2012Q4 us-gaap Deferred Gain On Sale Of Property
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2028000
CY2012Q4 us-gaap Other Liabilities Current
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1533000
CY2012Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
48620000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
836000
CY2012Q4 us-gaap Liabilities
Liabilities
91971000
CY2012Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
2648000
CY2012Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
18442000
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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1679000
CY2012Q4 us-gaap Deferred Tax Assets Net Current
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1166000
CY2012Q4 us-gaap Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months
0
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1318000
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455000
CY2012Q4 us-gaap Capital Lease Obligations Current
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1040000
CY2012Q4 us-gaap Accrued Liabilities Current
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7745000
CY2012Q4 us-gaap Inventory Finished Goods
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8618000
CY2012Q4 us-gaap Preferred Stock Shares Issued
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CY2012Q4 us-gaap Preferred Stock Value
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CY2012Q4 us-gaap Property Plant And Equipment Net
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10297000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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1372000
CY2012Q4 us-gaap Borrowed Funds
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1166000
CY2012Q4 us-gaap Commitments And Contingencies
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CY2012Q4 us-gaap Common Stock Shares Outstanding
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12268443 shares
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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7835000
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due
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6816000
CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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883000
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Receivable In Two Years
CapitalLeasesFutureMinimumPaymentsReceivableInTwoYears
307000
CY2012Q4 us-gaap Interest Payable Current
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148000
CY2012Q4 us-gaap Assets Current
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104777000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due
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4485000
CY2012Q4 us-gaap Other Receivables
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2761000
CY2012Q4 us-gaap Additional Paid In Capital
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1098000
CY2012Q4 us-gaap Lines Of Credit Current
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875000
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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2158000
CY2012Q4 us-gaap Other Accrued Liabilities Current
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624000
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due Current
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1589000
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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7143000
CY2012Q4 us-gaap Contractual Obligation Due In Second And Third Year
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40523000
CY2012Q4 us-gaap Accrued Employee Benefits Current
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261000
CY2012Q4 us-gaap Stockholders Equity
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59533000
CY2012Q4 us-gaap Finite Lived Intangible Assets Net
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17123000
CY2012Q4 us-gaap Capital Lease Obligations Noncurrent
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4000000
CY2012Q4 us-gaap Accounts Payable Related Parties Current
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839000
CY2012Q4 us-gaap Cash Uninsured Amount
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1889000
CY2012Q4 us-gaap Other Liabilities Noncurrent
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1318000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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678000
CY2012Q4 us-gaap Accounts Payable Current
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25101000
CY2012Q4 mntx Current Unrecognized Tax Benefit
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335000
CY2012Q4 mntx Accrued Liability On Foreign Currency Exchange Contracts Current
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13000
CY2012Q4 mntx Receivables Finance Current
ReceivablesFinanceCurrent
276000
CY2012Q4 mntx Receivables Finance Non Current
ReceivablesFinanceNonCurrent
307000
CY2012Q4 mntx Number Of Settlement Agreements
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2 Agreement
CY2012Q4 mntx Number Of Installments For Payment Of Product Liability Settlement
NumberOfInstallmentsForPaymentOfProductLiabilitySettlement
19 Installment
CY2012Q4 mntx Remaining Obligation To Pay Product Liability Settlement To Plaintiffs
RemainingObligationToPayProductLiabilitySettlementToPlaintiffs
1805000
CY2012Q4 mntx Annual Installment Amount Of Liability Payable
AnnualInstallmentAmountOfLiabilityPayable
95000
CY2012Q4 mntx Unrecognized Tax Benefits And Income Tax Penalties And Interest Accrued Ending Balance
UnrecognizedTaxBenefitsAndIncomeTaxPenaltiesAndInterestAccruedEndingBalance
335000
CY2012Q4 mntx Present Value Of Future Payment Streams From Legal Settlement
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1049000
CY2012Q4 mntx Capital Leases Net Investment In Sales Type Leases Unearned Interest Income
CapitalLeasesNetInvestmentInSalesTypeLeasesUnearnedInterestIncome
33000
CY2012Q4 mntx Capital Lessee Remaining Principal Portion On Capital Lease
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1005000
CY2012Q4 mntx Accrued Insurance Premiums Current
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266000
CY2012Q2 us-gaap Stock Repurchased During Period Value
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754000
CY2012Q2 us-gaap Stock Repurchased During Period Shares
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77071 shares
CY2012Q2 mntx Amount Charged To Retained Earnings As Result Of Stock Repurchases
AmountChargedToRetainedEarningsAsResultOfStockRepurchases
30000
CY2012Q2 mntx Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
105000 shares
CY2012Q2 mntx Transfer Of Warrant To Capital Stock Upon Excise Of Cashless Warrant
TransferOfWarrantToCapitalStockUponExciseOfCashlessWarrant
232000
CY2012Q3 us-gaap Proceeds From Issuance Or Sale Of Equity
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4125000
CY2012Q3 us-gaap Proceeds From Issuance Of Common Stock
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3781000
CY2012Q3 mntx Stock Issuance Cost Investment Banking Fees
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217000
CY2012Q3 mntx Stock Issuance Cost Legal Fees And Expenses
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127000
CY2011Q4 us-gaap Proceeds From Warrant Exercises
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1095000
CY2011Q4 mntx Adjustments To Additional Paid In Capital Warrants
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1098
CY2010 us-gaap Proceeds From Long Term Lines Of Credit
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4077000
CY2010 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
46
CY2010 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2010 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3139000
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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2868000
CY2010 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
19000
CY2010 us-gaap Increase Decrease In Other Operating Assets
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-34000
CY2010 us-gaap Net Cash Provided By Used In Investing Activities
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CY2010 us-gaap Income Taxes Paid
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65000
CY2010 us-gaap Research And Development Expense
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1173000
CY2010 us-gaap Other Nonoperating Income
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113000
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
267000
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
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11362361 shares
CY2010 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9785000
CY2010 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
20000
CY2010 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
8830 shares
CY2010 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
242000
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3135000
CY2010 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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-39000
CY2010 us-gaap Share Based Compensation
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78000
CY2010 us-gaap Provision For Doubtful Accounts
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67000
CY2010 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
78000
CY2010 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
416000
CY2010 us-gaap Amortization Of Deferred Charges
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381000
CY2010 us-gaap Increase Decrease In Prepaid Expense
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793000
CY2010 us-gaap Operating Income Loss
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5537000
CY2010 us-gaap Inventory Write Down
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123000
CY2010 us-gaap Other Comprehensive Income Loss Net Of Tax
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279000
CY2010 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2010 us-gaap Increase Decrease In Inventories
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3002000
CY2010 us-gaap Cost Of Goods Sold
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72541000
CY2010 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
529000
CY2010 us-gaap Deferred Income Tax Expense Benefit
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93000
CY2010 us-gaap Net Income Loss
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2109000
CY2010 us-gaap Nonoperating Income Expense
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-2402000
CY2010 us-gaap Earnings Per Share Diluted
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0.19
CY2010 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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37000
CY2010 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
120000
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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11380966 shares
CY2010 us-gaap Net Cash Provided By Used In Financing Activities
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614000
CY2010 us-gaap Gross Profit
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23334000
CY2010 us-gaap Comprehensive Income Net Of Tax
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2388000
CY2010 us-gaap Repayments Of Long Term Lines Of Credit
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1107000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
38621 shares
CY2010 us-gaap Advertising Expense
AdvertisingExpense
194000
CY2010 us-gaap Operating Expenses
OperatingExpenses
17797000
CY2010 us-gaap Treasury Stock Retired Cost Method Amount
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-20000
CY2010 us-gaap Revenues
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95875000
CY2010 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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-65000
CY2010 us-gaap Interest Paid Net
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2443000
CY2010 us-gaap Selling General And Administrative Expense
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16624000
CY2010 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-41000
CY2010 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
165
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
68 shares
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
22500 shares
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
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511000
CY2010 us-gaap Sales Revenue Net
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95875000
CY2010 us-gaap Net Income Loss Available To Common Stockholders Basic
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2109000
CY2010 us-gaap Amortization Of Intangible Assets
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2032000
CY2010 us-gaap Depreciation
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1107000
CY2010 us-gaap Gain Loss On Sale Of Property Plant Equipment
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39000
CY2010 us-gaap Increase Decrease In Other Current Liabilities
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438000
CY2010 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
47451 shares
CY2010 us-gaap Increase Decrease In Accrued Liabilities
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2135000
CY2010 us-gaap Interest Expense
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2450000
CY2010 us-gaap Net Income Loss Available To Common Stockholders Diluted
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2109000
CY2010 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5539000
CY2010 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
216000
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
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97000
CY2010 us-gaap Proceeds From Issuance Of Debt
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1007000
CY2010 us-gaap Repayments Of Notes Payable
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3016000
CY2010 mntx Proceeds From Borrowings
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202000
CY2010 mntx Income Tax Provision
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1026000
CY2010 mntx Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Including Noncontrolling Interest Period Increase Decrease
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-242000
CY2010 mntx Class Of Warrant Or Right Weighted Average Remaining Life Of Warrants Or Rights
ClassOfWarrantOrRightWeightedAverageRemainingLifeOfWarrantsOrRights
P11M19D
CY2010 mntx Dilutive Effect Of Restricted Stock Units
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18605 shares
CY2010 mntx Share Issued To Repay Debt Value
ShareIssuedToRepayDebtValue
400000
CY2010 mntx Warrant Exercises In Period Weighted Average Exercise Price
WarrantExercisesInPeriodWeightedAverageExercisePrice
4.59
CY2010 mntx Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
shares
CY2010 mntx Class Of Warrant Or Right Canceled
ClassOfWarrantOrRightCanceled
shares
CY2011 us-gaap Proceeds From Long Term Lines Of Credit
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6009000
CY2011 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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131
CY2011 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3336000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
753000
CY2011 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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-33000
CY2011 us-gaap Increase Decrease In Other Operating Assets
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99000
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
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-1918000
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
1247000
CY2011 us-gaap Research And Development Expense
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1571000
CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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-0.0218 pure
CY2011 us-gaap Other Nonoperating Income
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103000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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3460000
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
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11441914 shares
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.3401 pure
CY2011 us-gaap Increase Decrease In Accounts Receivable
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5597000
CY2011 us-gaap Stock Repurchased And Retired During Period Value
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12000
CY2011 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
3065 shares
CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-384000
CY2011 us-gaap Proceeds From Warrant Exercises
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1096000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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4213000
CY2011 us-gaap Standard Product Warranty Accrual Currency Translation Increase Decrease
StandardProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
-2000
CY2011 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1363000
CY2011 us-gaap Share Based Compensation
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104000
CY2011 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0139 pure
CY2011 us-gaap Provision For Doubtful Accounts
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25000
CY2011 us-gaap Gains Losses On Restructuring Of Debt
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194000
CY2011 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
103000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-431000
CY2011 us-gaap Amortization Of Deferred Charges
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380000
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CY2011 us-gaap Repayments Of Long Term Capital Lease Obligations
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CY2011 us-gaap Deferred Income Tax Expense Benefit
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CY2011 us-gaap Net Income Loss
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CY2011 us-gaap Earnings Per Share Diluted
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CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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8000
CY2011 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2011 us-gaap Payments To Acquire Property Plant And Equipment
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610000
CY2011 us-gaap Sales Revenue Net
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CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
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2780000
CY2011 us-gaap Amortization Of Intangible Assets
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CY2011 us-gaap Depreciation
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CY2011 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2011 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
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CY2011 us-gaap Increase Decrease In Accrued Liabilities
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CY2011 us-gaap Interest Expense
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CY2011 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
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CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2011 us-gaap Net Cash Provided By Used In Financing Activities
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CY2011 us-gaap Gross Profit
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CY2011 us-gaap Comprehensive Income Net Of Tax
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
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CY2011 us-gaap Advertising Expense
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475000
CY2011 us-gaap Operating Expenses
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CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
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-12000
CY2011 us-gaap Revenues
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CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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29000
CY2011 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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49000
CY2011 us-gaap Interest Paid Net
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2552000
CY2011 us-gaap Selling General And Administrative Expense
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CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2011 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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26667 shares
CY2011 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2780000
CY2011 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4297000
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2011 us-gaap Net Cash Provided By Used In Operating Activities
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CY2011 us-gaap Proceeds From Issuance Of Debt
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CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2011 us-gaap Repayments Of Notes Payable
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CY2011 mntx Proceeds From Borrowings
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CY2011 mntx Income Tax Provision
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1433000
CY2011 mntx Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Including Noncontrolling Interest Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxIncludingNoncontrollingInterestPeriodIncreaseDecrease
384000
CY2011 mntx Payments To Acquire Business And Assets
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1585000
CY2011 mntx Class Of Warrant Or Right Weighted Average Remaining Life Of Warrants Or Rights
ClassOfWarrantOrRightWeightedAverageRemainingLifeOfWarrantsOrRights
P8M5D
CY2011 mntx Dilutive Effect Of Restricted Stock Units
DilutiveEffectOfRestrictedStockUnits
3710 shares
CY2011 mntx Dilutive Effect Of Warrants
DilutiveEffectOfWarrants
102534 shares
CY2011 mntx Increase Decrease In Accounts Receivable Finance
IncreaseDecreaseInAccountsReceivableFinance
927000
CY2011 mntx Investment In Intangibles Except Goodwill
InvestmentInIntangiblesExceptGoodwill
12000
CY2011 mntx Legal Settlement
LegalSettlement
1183000
CY2011 mntx Legal Settlement At Net Present Value
LegalSettlementAtNetPresentValue
1183000
CY2011 mntx Share Issued On Warrant Exercise Value
ShareIssuedOnWarrantExerciseValue
1096000
CY2011 mntx Warranty Services Provided
WarrantyServicesProvided
1232000
CY2011 mntx Accrued Interest Income Net
AccruedInterestIncomeNet
68000
CY2011 mntx Warrant Exercises In Period Weighted Average Exercise Price
WarrantExercisesInPeriodWeightedAverageExercisePrice
7.18
CY2011 mntx Class Of Warrant Or Right Exercised
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CY2011 mntx Effective Income Tax Rate Reconciliation Effect Of Permanent Differences Other
EffectiveIncomeTaxRateReconciliationEffectOfPermanentDifferencesOther
0.0037 pure
CY2011 mntx Unrecognized Tax Benefits And Income Tax Penalties And Interest Accrued Beginning Balance
UnrecognizedTaxBenefitsAndIncomeTaxPenaltiesAndInterestAccruedBeginningBalance
131000
CY2011 mntx Class Of Warrant Or Right Canceled
ClassOfWarrantOrRightCanceled
594932 shares
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001302028
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012 dei Trading Symbol
TradingSymbol
MNTX
CY2012 dei Entity Registrant Name
EntityRegistrantName
Manitex International, Inc.
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2012 us-gaap Proceeds From Long Term Lines Of Credit
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CY2012 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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CY2012 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
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CY2012 us-gaap Depreciation Depletion And Amortization
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3498000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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582000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
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CY2012 us-gaap Concentration Risk Credit Risk
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<div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Credit Risk Concentrations</i></b>&#x2014;Financial instruments which potentially subject the Company to concentrations of credit risk consist primarily of cash, trade receivables and payables. The Company maintains its cash balances and marketable securities at banks located in Detroit, Michigan, Toronto, Canada as well as several separate Italian banks. Accounts in the United States are insured by the Federal Deposit Insurance Corporation up to $250. At December&#xA0;31, 2012 and 2011, the Company had uninsured balances of $1,889 and $70, respectively.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">As of December&#xA0;31, 2012, two customers accounted for 15% and 13% if the Company&#x2019;s total accounts receivable, respectively. As of December&#xA0;31, 2011 no customers accounted for 10% or more of total Company&#x2019;s accounts receivable. In 2012, one customer accounted for 11% of total company revenue. In 2011, no one customer accounted for 10% or more of total company&#x2019;s revenues. In 2010, one customer accounted for 11% of total company&#x2019;s revenues. For 2012, 2011 and 2010, purchases from any single supplier did not exceed 10% of total purchases.</font></p> </div>
CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
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CY2012 us-gaap Prior Period Reclassification Adjustment Description
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<div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Reclassifications</i></b>&#x2014;Certain reclassifications have been made to the 2011 and 2010 financial statements to conform to the 2012 presentation.</font></p> </div>
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-11000
CY2012 us-gaap Income Taxes Paid
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CY2012 us-gaap Research And Development Expense
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2012 us-gaap Other Nonoperating Income
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6000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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11316000
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
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11948356 shares
CY2012 us-gaap Key Provisions Of Operating Or Partnership Agreement Description
KeyProvisionsOfOperatingOrPartnershipAgreementDescription
July 1, 2011
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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CY2012 us-gaap Increase Decrease In Accounts Receivable
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12494000
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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429000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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11898000
CY2012 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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183000
CY2012 us-gaap Standard Product Warranty Accrual Currency Translation Increase Decrease
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1000
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2012 us-gaap Provision For Doubtful Accounts
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17000
CY2012 us-gaap Standard Product Warranty Accrual Warranties Issued
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2270000
CY2012 us-gaap Share Based Compensation
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226000
CY2012 us-gaap Stock Granted During Period Value Sharebased Compensation
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226000
CY2012 us-gaap Stock Repurchased During Period Value
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CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
455000
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
CY2012 us-gaap Inventory Write Down
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1000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
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1526000
CY2012 us-gaap Amortization Of Deferred Charges
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380000
CY2012 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-117000
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.0269 pure
CY2012 us-gaap Stock Issued During Period Value Acquisitions
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200000
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2012 us-gaap Nature Of Operations
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<div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Note 1. Nature of Operations</b></font></p> <!-- xbrl,body --> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The Company is a leading provider of engineered lifting solutions. The Company operates in two business segments: the Lifting Equipment segment and the Equipment Distribution segment.</font></p> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>Lifting Equipment Segment</i></font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The Company is a leading provider of engineered lifting solutions. The Company designs, manufactures and distributes a diverse group of products that serve different functions and are used in a variety of industries. Through its Manitex, Inc. subsidiary it markets a comprehensive line of boom trucks and sign cranes. Manitex&#x2019;s boom trucks and crane products are primarily used for industrial projects, energy exploration and infrastructure development, including, roads, bridges and commercial construction. Badger Equipment Company (&#x201C;Badger&#x201D;) is a manufacturer of specialized rough terrain cranes and material handling products. Badger primarily serves the needs of the construction, municipality, and railroad industries.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Through its Manitex Liftking ULC (&#x201C;Manitex Liftking&#x201D; or &#x201C;Liftking&#x201D;) subsidiary, the Company also sells a complete line of rough terrain forklifts, a line of stand-up electric forklifts, cushioned tired forklifts with lifting capacities from 18&#xA0;thousand to 40&#xA0;thousand pounds, and special mission oriented vehicles, as well as other specialized carriers, heavy material handling transporters and steel mill equipment. Manitex Liftking&#x2019;s rough terrain forklifts are used in both commercial and military applications. Specialty mission oriented vehicles and specialized carriers are designed and built to meet the Company&#x2019;s unique customer needs and requirements. The Company&#x2019;s specialized lifting equipment has met the particular needs of customers in various industries that include utility, ship building and steel mill industries.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Our subsidiary Manitex Load King, Inc. (&#x201C;Load King&#x201D;) manufactures specialized custom trailers and hauling systems typically used for transporting heavy equipment. Load King Trailers serve niche markets in the commercial construction, railroad, military, and equipment rental industries through a dealer network. Load King complements our existing material handling business.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">CVS Ferrari, slr (&#x201C;CVS&#x201D;) located near Milan, Italy designs and manufactures a range of reach stackers and associated lifting equipment for the global container handling market, which were sold through a broad dealer network.</font></p> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>Equipment distribution segment</i></font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The Company operates a crane dealership that distributes Terex rough terrain and truck cranes and Manitex boom trucks and sky cranes. The Company treats these operations as a separate reporting segment entitled &#x201C;Equipment Distribution.&#x201D; The Equipment Distribution segment also supplies repair parts for a wide variety of medium to heavy duty construction equipment sold both domestically and internationally. The crane products are used primarily for infrastructure development and commercial construction; applications include road and bridge construction, general contracting, roofing, and sign construction and maintenance.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">In the second quarter of 2010, we expanded our Equipment Distribution segment by creating a new division, North American Equipment Exchange, (&#x201C;NAEE&#x201D;) to market previously-owned construction and heavy equipment, domestically and internationally.&#xA0;This division provides a wide range of used lifting and construction equipment of various ages and condition, and the Company has the capability to refurbish the equipment to the customers&#x2019; specification.</font></p> <!-- xbrl,n --> </div>
CY2012 us-gaap Loss Contingency Settlement Agreement Date
LossContingencySettlementAgreementDate
May 5, 2011
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
17187000
CY2012 us-gaap Cost Of Goods Sold
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164785000
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795000
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
181000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
8077000
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.68
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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36000
CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
26000
CY2012 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
70000
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11957458 shares
CY2012 us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
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<div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Derivatives&#x2014;Forward Currency Exchange Contracts</i></b>&#x2014;The Company enters into forward currency exchange contracts in relationship such that the exchange gains and losses on the assets and liabilities denominated in other than the reporting units&#x2019; functional currency would be offset by the changes in the market value of the forward currency exchange contracts it holds. The forward currency exchange contracts that the Company has to offset existing assets and liabilities denominated in other than the reporting units&#x2019; functional currency have been determined not to be considered a hedge under ASC 815-10. The Company records at the balance sheet date the forward currency exchange contracts at its market value with any associated gain or loss being recorded in current earnings. Both realized and unrealized gains and losses related to forward currency contracts are included in current earnings and are reflected in the Statement of Operations in the other income expense section on the line titled foreign currency transaction gain (loss).</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The Company has entered into forward currency contracts to hedge certain future U.S. dollar sales of its Canadian Subsidiary. The forward currency contracts to hedge future sales are designated as cash flow hedges under ASC 815-10. As required, forward currency contracts are recognized as an asset or liability at fair value on the Company&#x2019;s Consolidated Balance Sheet. For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is reported as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings (date of sale). Gains or losses on cash flow hedges when recognized into income are included in net revenues. See note 6.</font></p> </div>
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
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9268000
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.3400 pure
CY2012 us-gaap Gross Profit
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40464000
CY2012 us-gaap Comprehensive Income Net Of Tax
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8532000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
30351 shares
CY2012 us-gaap Advertising Expense
AdvertisingExpense
517000
CY2012 us-gaap Operating Expenses
OperatingExpenses
26005000
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
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CY2012 us-gaap Revenues
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205249000
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
219000
CY2012 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-110000
CY2012 us-gaap Interest Paid Net
InterestPaidNet
2498000
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
23548000
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
292000
CY2012 us-gaap Stock Issued During Period Value Share Based Compensation
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226
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
135001 shares
CY2012 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segment
CY2012 us-gaap Stock Issued During Period Value New Issues
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3781000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
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1125000
CY2012 us-gaap Sales Revenue Net
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205249000
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
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8077000
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2097000
CY2012 us-gaap Depreciation
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1401000
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
119000
CY2012 us-gaap Use Of Estimates
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<div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Use of Estimates</i></b>&#x2014;The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.</font></p> </div>
CY2012 us-gaap Increase Decrease In Other Current Liabilities
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1168000
CY2012 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
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30351 shares
CY2012 us-gaap Increase Decrease In Accrued Liabilities
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2765000
CY2012 us-gaap Interest Expense
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2457000
CY2012 us-gaap Net Income Loss Available To Common Stockholders Diluted
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8077000
CY2012 us-gaap Increase Decrease In Accounts Payable
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6702000
CY2012 us-gaap Proceeds From Issuance Of Common Stock
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3781000
CY2012 us-gaap Increase Decrease In Other Noncurrent Liabilities
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-8000
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
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212000
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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CY2012 us-gaap Proceeds From Issuance Of Debt
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764000
CY2012 mntx Payments To Acquire Business And Assets
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345000
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2012 us-gaap Repayments Of Notes Payable
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7884000
CY2012 mntx Defined Benefit Plan Minimum Age
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21 Y
CY2012 mntx Proceeds From Borrowings
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4181000
CY2012 mntx Income Tax Provision
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3821000
CY2012 mntx Company Matching Contributions Percentage
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CY2012 mntx Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Including Noncontrolling Interest Period Increase Decrease
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-429000
CY2012 mntx Issuance Of Common Stock From Cashless Warrant Exercises
IssuanceOfCommonStockFromCashlessWarrantExercises
986000
CY2012 mntx Number Of Customers From Whom Lease Agreements Made
NumberOfCustomersFromWhomLeaseAgreementsMade
2 Customer
CY2012 mntx Accrued Interest Income Net
AccruedInterestIncomeNet
33000
CY2012 mntx Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
105000 shares
CY2012 mntx Effective Income Tax Rate Reconciliation Effect Of Permanent Differences Other
EffectiveIncomeTaxRateReconciliationEffectOfPermanentDifferencesOther
-0.0242 pure
CY2012 mntx Effective Income Tax Rate Reconciliation Uncertain Tax Position
EffectiveIncomeTaxRateReconciliationUncertainTaxPosition
0.0123 pure
CY2012 mntx Matching Contribution By Company
MatchingContributionByCompany
187
CY2012 mntx Agreement To Use Assets Duration Terms
AgreementToUseAssetsDurationTerms
P2Y
CY2012 mntx Dilutive Effect Of Restricted Stock Units
DilutiveEffectOfRestrictedStockUnits
6581 shares
CY2012 mntx Dilutive Effect Of Warrants
DilutiveEffectOfWarrants
2521 shares
CY2012 mntx Estimated Reserve For Product Liability Claims Change In Period
EstimatedReserveForProductLiabilityClaimsChangeInPeriod
P12M
CY2012 mntx Increase Decrease In Accounts Receivable Finance
IncreaseDecreaseInAccountsReceivableFinance
-378000
CY2012 mntx Purchase Of Assets Previously Rented Date
PurchaseOfAssetsPreviouslyRentedDate
2011-07-01
CY2012 mntx Share Issued On Warrant Exercise Value
ShareIssuedOnWarrantExerciseValue
754000
CY2012 mntx Warranty Services Provided
WarrantyServicesProvided
1981000
CY2012 mntx Assets Acquired Under Capital Leases
AssetsAcquiredUnderCapitalLeases
1166000
CY2012 mntx Number Of Operating Business Segment
NumberOfOperatingBusinessSegment
2 Segment
CY2012 mntx Workers Compensation Insurance Claims Deductible
WorkersCompensationInsuranceClaimsDeductible
250000
CY2012 mntx Unrecognized Tax Benefits And Income Tax Penalties And Interest Accrued Beginning Balance
UnrecognizedTaxBenefitsAndIncomeTaxPenaltiesAndInterestAccruedBeginningBalance
152000
CY2012 mntx Class Of Warrant Or Right Canceled
ClassOfWarrantOrRightCanceled
shares
CY2012 mntx Annual Rent
AnnualRent
360000
CY2012 mntx Annual Rent
AnnualRent
486000
CY2012 mntx Number Of Equipments Leased
NumberOfEquipmentsLeased
3 Reach_Stacker
CY2012 mntx Transfer Of Warrant To Capital Stock Upon Excise Of Cashless Warrant
TransferOfWarrantToCapitalStockUponExciseOfCashlessWarrant
232000
CY2012 mntx Class Of Warrant Or Right Title Of Security Warrants Or Rights Exercised Price Per Share
ClassOfWarrantOrRightTitleOfSecurityWarrantsOrRightsExercisedPricePerShare
7.18
CY2012 mntx Capital Lease Obligations Periodic Payment
CapitalLeaseObligationsPeriodicPayment
32000
CY2012 mntx Purchased Agreement Executed Date
PurchasedAgreementExecutedDate
2011-06-29
CY2011Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11402821 shares
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
442000
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2011Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11581676 shares
CY2011Q2 us-gaap Sales Revenue Net
SalesRevenueNet
37066000
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11683306 shares
CY2011Q1 us-gaap Gross Profit
GrossProfit
6459000
CY2011Q1 us-gaap Sales Revenue Net
SalesRevenueNet
31722000
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11409533 shares
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
1029000
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11601180 shares
CY2011Q2 us-gaap Gross Profit
GrossProfit
7478000
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
1251000
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11684829 shares
CY2012Q1 us-gaap Gross Profit
GrossProfit
8576000
CY2012Q1 us-gaap Sales Revenue Net
SalesRevenueNet
42849000
CY2012Q1 mntx Business Combination Contingent Consideration Arrangements Minimum Net Revenues Requirement
BusinessCombinationContingentConsiderationArrangementsMinimumNetRevenuesRequirement
30000000
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11713206 shares
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
2308000
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11729360 shares
CY2012Q2 us-gaap Gross Profit
GrossProfit
10756000
CY2012Q2 us-gaap Sales Revenue Net
SalesRevenueNet
52496000
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11409533 shares
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
1020000
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11454012 shares
CY2011Q3 us-gaap Gross Profit
GrossProfit
7824000
CY2011Q3 us-gaap Sales Revenue Net
SalesRevenueNet
36942000
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12140674 shares
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
2504000
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12148776 shares
CY2012Q3 us-gaap Gross Profit
GrossProfit
10810000
CY2012Q3 us-gaap Sales Revenue Net
SalesRevenueNet
53380000
CY2011Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11545768 shares
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
289000
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2011Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11555764 shares
CY2011Q4 us-gaap Gross Profit
GrossProfit
7489000
CY2011Q4 us-gaap Sales Revenue Net
SalesRevenueNet
36561000
CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12256237 shares
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
2014000
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12266867 shares
CY2012Q4 us-gaap Gross Profit
GrossProfit
10322000
CY2012Q4 us-gaap Sales Revenue Net
SalesRevenueNet
56524000

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