$MNTX
Manitex International, Inc.

2014 Q3 Form 10-Q Financial Statement

#000119312514402205 Filed on November 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $60.69M $57.52M
YoY Change 5.5% 7.76%
Cost Of Revenue $55.28M $46.32M
YoY Change 19.35% 8.81%
Gross Profit $10.24M $11.20M
YoY Change -8.56% 3.62%
Gross Profit Margin 16.88% 19.47%
Selling, General & Admin $6.893M $5.878M
YoY Change 17.27% 2.37%
% of Gross Profit 67.3% 52.48%
Research & Development $611.0K $666.0K
YoY Change -8.26% 10.82%
% of Gross Profit 5.97% 5.95%
Depreciation & Amortization $1.100M $970.0K
YoY Change 13.4% 10.23%
% of Gross Profit 10.74% 8.66%
Operating Expenses $7.504M $6.544M
YoY Change 14.67% 3.17%
Operating Profit $3.411M $4.657M
YoY Change -26.76% 4.25%
Interest Expense $671.0K $837.0K
YoY Change -19.83% 44.81%
% of Operating Profit 19.67% 17.97%
Other Income/Expense, Net -$702.0K -$839.0K
YoY Change -16.33% 29.08%
Pretax Income $2.709M $3.818M
YoY Change -29.05% 0.03%
Income Tax $941.0K $1.197M
% Of Pretax Income 34.74% 31.35%
Net Earnings $1.768M $2.621M
YoY Change -32.54% 4.67%
Net Earnings / Revenue 2.91% 4.56%
Basic Earnings Per Share $0.13 $0.21
Diluted Earnings Per Share $0.13 $0.21
COMMON SHARES
Basic Shares Outstanding 13.82M 12.35M shares
Diluted Shares Outstanding 13.87M 12.40M shares

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.900M $3.100M
YoY Change 58.06% -6.06%
Cash & Equivalents $4.934M $3.078M
Short-Term Investments
Other Short-Term Assets $3.200M $3.000M
YoY Change 6.67% -11.76%
Inventory $81.09M $75.43M
Prepaid Expenses
Receivables $44.86M $31.37M
Other Receivables $700.0K $3.100M
Total Short-Term Assets $134.8M $116.5M
YoY Change 15.71% 12.57%
LONG-TERM ASSETS
Property, Plant & Equipment $10.10M $11.38M
YoY Change -11.27% 10.77%
Goodwill $22.21M $19.88M
YoY Change 11.74% 30.22%
Intangibles $21.78M $23.24M
YoY Change -6.28% 25.04%
Long-Term Investments
YoY Change
Other Assets $1.019M $1.073M
YoY Change -5.03% 700.75%
Total Long-Term Assets $57.05M $57.83M
YoY Change -1.36% 25.76%
TOTAL ASSETS
Total Short-Term Assets $134.8M $116.5M
Total Long-Term Assets $57.05M $57.83M
Total Assets $191.8M $174.3M
YoY Change 10.05% 16.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.26M $23.14M
YoY Change 17.81% -21.73%
Accrued Expenses $8.508M $6.975M
YoY Change 21.98% 14.51%
Deferred Revenue
YoY Change
Short-Term Debt $10.20M $9.600M
YoY Change 6.25% 39.13%
Long-Term Debt Due $1.700M $1.900M
YoY Change -10.53% 72.73%
Total Short-Term Liabilities $50.65M $44.94M
YoY Change 12.7% 0.64%
LONG-TERM LIABILITIES
Long-Term Debt $42.90M $39.80M
YoY Change 7.79% 0.76%
Other Long-Term Liabilities $1.065M $1.347M
YoY Change -20.94% 20.27%
Total Long-Term Liabilities $49.45M $47.24M
YoY Change 4.67% -0.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $50.65M $44.94M
Total Long-Term Liabilities $49.45M $47.24M
Total Liabilities $100.1M $92.18M
YoY Change 8.59% -0.06%
SHAREHOLDERS EQUITY
Retained Earnings $21.49M $11.87M
YoY Change 81.09% 345.42%
Common Stock $68.89M $68.28M
YoY Change 0.9% 29.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $91.71M $82.11M
YoY Change
Total Liabilities & Shareholders Equity $191.8M $174.3M
YoY Change 10.05% 16.63%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $1.768M $2.621M
YoY Change -32.54% 4.67%
Depreciation, Depletion And Amortization $1.100M $970.0K
YoY Change 13.4% 10.23%
Cash From Operating Activities $6.360M $950.0K
YoY Change 569.47% -31.16%
INVESTING ACTIVITIES
Capital Expenditures -$250.0K -$230.0K
YoY Change 8.7% -32.35%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$12.87M
YoY Change -100.0% -25840.0%
Cash From Investing Activities -$250.0K -$13.10M
YoY Change -98.09% 4417.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.990M 11.90M
YoY Change -133.53% 4150.0%
NET CHANGE
Cash From Operating Activities 6.360M 950.0K
Cash From Investing Activities -250.0K -13.10M
Cash From Financing Activities -3.990M 11.90M
Net Change In Cash 2.120M -250.0K
YoY Change -948.0% -118.25%
FREE CASH FLOW
Cash From Operating Activities $6.360M $950.0K
Capital Expenditures -$250.0K -$230.0K
Free Cash Flow $6.610M $1.180M
YoY Change 460.17% -31.4%

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us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
139000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1026000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-13886000
us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
3980000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2801000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
3102000
us-gaap Share Based Compensation
ShareBasedCompensation
584000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
15000000
mntx Business Acquisition Pro Forma Weighted Average Number Of Common Shares Outstanding Basic
BusinessAcquisitionProFormaWeightedAverageNumberOfCommonSharesOutstandingBasic
12382516 shares
mntx Increase Decrease In Inventory Reserve
IncreaseDecreaseInInventoryReserve
24000
mntx Business Acquisitions Pro Forma Adjustment To Amortization Expense
BusinessAcquisitionsProFormaAdjustmentToAmortizationExpense
340000
mntx Warranty Services Provided
WarrantyServicesProvided
1786000
mntx Business Acquisition Proforma Adjustment Increase Decrease In Acquisition Costs
BusinessAcquisitionProformaAdjustmentIncreaseDecreaseInAcquisitionCosts
70000
mntx Weighted Average Number Basic And Diluted Shares Outstanding Adjustment Proforma
WeightedAverageNumberBasicAndDilutedSharesOutstandingAdjustmentProforma
74548 shares
mntx Stock Offering Proceeds Used To Reduce Revolving Credit Facilities
StockOfferingProceedsUsedToReduceRevolvingCreditFacilities
10443000
mntx Stock Offering Proceeds Used To Pay Down Term Loan
StockOfferingProceedsUsedToPayDownTermLoan
3492000
mntx Proceeds From Repayments Of Borrowings On Working Capital Facilities
ProceedsFromRepaymentsOfBorrowingsOnWorkingCapitalFacilities
-2005000
mntx Business Acquisition Pro Forma Weighted Average Number Of Common Shares Outstanding Diluted
BusinessAcquisitionProFormaWeightedAverageNumberOfCommonSharesOutstandingDiluted
12424198 shares
mntx Business Acquisitions Pro Forma Adjustment Increase Decrease In Interest Expense
BusinessAcquisitionsProFormaAdjustmentIncreaseDecreaseInInterestExpense
354000
mntx Proforma Adjustment To Depreciation And Cost Of Goods Sold
ProformaAdjustmentToDepreciationAndCostOfGoodsSold
33000
mntx Dilutive Effect Of Restricted Stock Units
DilutiveEffectOfRestrictedStockUnits
41682 shares
mntx Business Acquisitions Pro Forma Adjustment Increase Decrease In Income Tax Expense Benefit
BusinessAcquisitionsProFormaAdjustmentIncreaseDecreaseInIncomeTaxExpenseBenefit
-226000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2018-08-19
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
2645 shares
dei Document Type
DocumentType
10-Q
dei Entity Registrant Name
EntityRegistrantName
Manitex International, Inc.
dei Trading Symbol
TradingSymbol
MNTX
us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" align="justify"><b>Note 1. Nature of Operations</b></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" align="justify">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.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" align="justify"><i>Lifting Equipment Segment</i></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" align="justify">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, truck cranes 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.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" align="justify">Manitex Liftking ULC (&#x201C;Manitex Liftking&#x201D; or &#x201C;Liftking&#x201D;) 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.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" align="justify">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.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" align="justify">CVS Ferrari, srl (&#x201C;CVS&#x201D;) designs and manufactures a range of reach stackers and associated lifting equipment for the global container handling market, that are sold through a broad dealer network. On November&#xA0;30, 2013, CVS acquired the assets of Valla SpA (&#x201C;Valla&#x201D;) located in Piacenza, Italy. Valla offers a full range of precision pick and carry cranes from 2 to 90 tons, using electric, diesel, and hybrid power options. Its cranes offer wheeled or tracked, and fixed or swing boom configurations, with special applications designed specifically to meet the needs of its customers.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" align="justify">On August&#xA0;19, 2013, Manitex Sabre, Inc. (&#x201C;Sabre&#x201D;) acquired the assets of Sabre Manufacturing, LLC, which is located in Knox, Indiana. Sabre manufactures a comprehensive line of specialized mobile tanks for liquid and solid storage and containment solutions with capacities from 8,000 to 21,000 gallons. Its mobile tanks are sold to specialized independent tank rental companies and through the Company&#x2019;s existing dealer network. The tanks are used in a variety of end markets such as petrochemical, waste management and oil and gas drilling.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" align="justify"><i>Equipment Distribution Segment</i></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" align="justify">The Equipment Distribution segment operates as Manitex Valla North America sales organization and is a distributor of Terex rough terrain and truck cranes, PM knuckle boom cranes and Manitex&#x2019;s products. The Equipment Distribution segment predominately sells its products to end users, including the rental market. Its products are used primarily for infrastructure development and commercial construction applications include road and bridge construction, general contracting, roofing, scrap handling and sign construction and maintenance. The Equipment Distribution segment supplies repair parts for a wide variety of medium to heavy duty construction equipment and sell both domestically and internationally. The segment also provides repair services in the Chicago area. The North American Equipment Exchange division, (&#x201C;NAEE&#x201D;), markets 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.</p> </div>
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.32 pure
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-1744000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
22033 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
34292 shares
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
7741 shares
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> 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.</p> </div>
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
us-gaap Loss Contingency Settlement Agreement Date
LossContingencySettlementAgreementDate
May 5, 2011
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segment
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13862651 shares
dei Entity Central Index Key
EntityCentralIndexKey
0001302028
us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" align="justify"><b>Foreign Currency Option</b></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" align="justify">The Company has purchased call options which expire on December&#xA0;15, 2014 to purchase &#x20AC;17,800 at 1.38/ Euro. The option was purchased to protect the Company against a strengthening of the Euro as the Company needs &#x20AC;17,800 to close the PM Group acquisition. The premium to purchase the option was $93 and is being charged to expense over the life of the option. As of September&#xA0;30, 2014, approximately $58 has not been expensed.</p> </div>
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
704000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6631000
us-gaap Net Income Loss
NetIncomeLoss
6631000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6519000
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
7000
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
278000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-27000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5816000
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1357000
us-gaap Standard Product Warranty Accrual Currency Translation Increase Decrease
StandardProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
9000
us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
190000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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9914000
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-110000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-67000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
963000
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Reclassification</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> Certain reclassifications have been made to the prior year&#x2019;s consolidated financial statements to conform to the current year&#x2019;s presentation.</p> </div>
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-104000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13817538 shares
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-822000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
6631000
us-gaap Gross Profit
GrossProfit
35663000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
118000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
1053000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
-321000
us-gaap Sales Revenue Net
SalesRevenueNet
197172000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-11000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9849000
us-gaap Operating Income Loss
OperatingIncomeLoss
12200000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
178000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3334000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-406000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
72000
us-gaap Interest Expense
InterestExpense
2192000
us-gaap Operating Expenses
OperatingExpenses
23463000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
677000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1909000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
21554000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-30000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
128000
CY2013Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
2827000
CY2013Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
18000
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2621000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
2621000
us-gaap Proceeds From Long Term Capital Lease Obligations
ProceedsFromLongTermCapitalLeaseObligations
942000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1982000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-751000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3283000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
161509000
us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-276000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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1697000
us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
4729000
us-gaap Increase Decrease In Accounts Payable
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3550000
us-gaap Proceeds From Long Term Lines Of Credit
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1047000
us-gaap Share Based Compensation
ShareBasedCompensation
906000
mntx Estimated Reserve For Product Liability Claims Change In Period
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P12M
mntx Business Acquisitions Pro Forma Adjustments
BusinessAcquisitionsProFormaAdjustments
0
mntx Increase Decrease In Inventory Reserve
IncreaseDecreaseInInventoryReserve
151000
mntx Capital Lease Obligations Periodic Payment
CapitalLeaseObligationsPeriodicPayment
75000
mntx Warranty Services Provided
WarrantyServicesProvided
1496000
mntx Workers Compensation Insurance Claims Deductible
WorkersCompensationInsuranceClaimsDeductible
250000
mntx Proceeds From Repayments Of Borrowings On Working Capital Facilities
ProceedsFromRepaymentsOfBorrowingsOnWorkingCapitalFacilities
1053000
mntx Dilutive Effect Of Restricted Stock Units
DilutiveEffectOfRestrictedStockUnits
45113 shares
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2013Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
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CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2013Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.22
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12352266 shares
CY2013Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
330000
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2621000
CY2013Q3 us-gaap Gross Profit
GrossProfit
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CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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337000
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
57521000
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
4657000
CY2013Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-20000
CY2013Q3 us-gaap Comprehensive Income Net Of Tax
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2958000
CY2013Q3 us-gaap Nonoperating Income Expense
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CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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3818000
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CY2013Q3 us-gaap Business Acquisitions Pro Forma Revenue
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CY2013Q3 us-gaap Interest Expense
InterestExpense
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CY2013Q3 us-gaap Operating Expenses
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CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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2709000
CY2014Q3 us-gaap Other Nonoperating Income Expense
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CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1768000
CY2013Q3 us-gaap Research And Development Expense
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666000
CY2013Q3 us-gaap Selling General And Administrative Expense
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CY2013Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
580000
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1197000
CY2013Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
46320000
CY2013Q3 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
1681000
CY2013Q3 mntx Business Acquisition Pro Forma Weighted Average Number Of Common Shares Outstanding Basic
BusinessAcquisitionProFormaWeightedAverageNumberOfCommonSharesOutstandingBasic
12400266 shares
CY2013Q3 mntx Business Acquisitions Pro Forma Adjustment To Amortization Expense
BusinessAcquisitionsProFormaAdjustmentToAmortizationExpense
82000
CY2013Q3 mntx Business Acquisition Proforma Adjustment Increase Decrease In Acquisition Costs
BusinessAcquisitionProformaAdjustmentIncreaseDecreaseInAcquisitionCosts
-173000
CY2013Q3 mntx Weighted Average Number Basic And Diluted Shares Outstanding Adjustment Proforma
WeightedAverageNumberBasicAndDilutedSharesOutstandingAdjustmentProforma
47787 shares
CY2013Q3 mntx Business Acquisition Pro Forma Weighted Average Number Of Common Shares Outstanding Diluted
BusinessAcquisitionProFormaWeightedAverageNumberOfCommonSharesOutstandingDiluted
12451452 shares
CY2013Q3 mntx Business Acquisitions Pro Forma Adjustment Increase Decrease In Interest Expense
BusinessAcquisitionsProFormaAdjustmentIncreaseDecreaseInInterestExpense
76000
CY2013Q3 mntx Proforma Adjustment To Depreciation And Cost Of Goods Sold
ProformaAdjustmentToDepreciationAndCostOfGoodsSold
-81000
CY2013Q3 mntx Dilutive Effect Of Restricted Stock Units
DilutiveEffectOfRestrictedStockUnits
51399 shares
CY2013Q3 mntx Business Acquisitions Pro Forma Adjustment Increase Decrease In Income Tax Expense Benefit
BusinessAcquisitionsProFormaAdjustmentIncreaseDecreaseInIncomeTaxExpenseBenefit
29000
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13873157 shares
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13822918 shares
CY2014Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-753000
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1768000
CY2014Q3 us-gaap Gross Profit
GrossProfit
10915000
CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-753000
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
66197000
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
3411000
CY2014Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-102000
CY2014Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1015000
CY2014Q3 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
-2000
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
1768000
CY2014Q3 us-gaap Interest Expense
InterestExpense
671000
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
7504000
CY2014Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
611000
CY2014Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6893000
CY2014Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
665000
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
941000
CY2014Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
55282000
CY2014Q3 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
2282000
CY2014Q3 mntx Business Acquisitions Pro Forma Adjustments
BusinessAcquisitionsProFormaAdjustments
0
CY2014Q3 mntx Dilutive Effect Of Restricted Stock Units
DilutiveEffectOfRestrictedStockUnits
50239 shares

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