$NNBR
NN INC

2015 Q2 Form 10-Q Financial Statement

#000119312515280186 Filed on August 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $164.9M $106.7M
YoY Change 54.53% 10.77%
Cost Of Revenue $128.7M $84.29M
YoY Change 52.71% 11.27%
Gross Profit $36.15M $22.40M
YoY Change 61.41% 8.96%
Gross Profit Margin 21.93% 20.99%
Selling, General & Admin $13.96M $10.07M
YoY Change 38.59% 20.81%
% of Gross Profit 38.62% 44.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.597M $4.084M
YoY Change 110.5% -4.89%
% of Gross Profit 23.78% 18.24%
Operating Expenses $13.96M $10.07M
YoY Change 38.59% 20.81%
Operating Profit $13.59M $8.237M
YoY Change 64.98% 4.0%
Interest Expense $6.021M $551.0K
YoY Change 992.74% -22.28%
% of Operating Profit 44.31% 6.69%
Other Income/Expense, Net -$19.00K -$129.0K
YoY Change -85.27% -160.28%
Pretax Income $7.549M $7.557M
YoY Change -0.11% 1.78%
Income Tax $1.617M $2.357M
% Of Pretax Income 21.42% 31.19%
Net Earnings $6.953M $5.200M
YoY Change 33.71% 9.01%
Net Earnings / Revenue 4.22% 4.87%
Basic Earnings Per Share $0.36 $0.29
Diluted Earnings Per Share $0.36 $0.29
COMMON SHARES
Basic Shares Outstanding 19.22M shares 17.78M shares
Diluted Shares Outstanding 19.58M shares 18.17M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.40M $5.800M
YoY Change 268.97% 11.54%
Cash & Equivalents $21.41M $5.812M
Short-Term Investments
Other Short-Term Assets $16.59M $9.934M
YoY Change 67.0% 15.47%
Inventory $87.93M $61.54M
Prepaid Expenses
Receivables $114.8M $80.74M
Other Receivables $0.00 $0.00
Total Short-Term Assets $240.7M $158.0M
YoY Change 52.34% 23.52%
LONG-TERM ASSETS
Property, Plant & Equipment $272.0M $132.7M
YoY Change 105.04% 14.91%
Goodwill $85.44M $9.384M
YoY Change 810.44% 15.03%
Intangibles
YoY Change
Long-Term Investments $38.24M
YoY Change
Other Assets $19.54M $3.369M
YoY Change 480.05% -10.11%
Total Long-Term Assets $468.2M $149.4M
YoY Change 213.4% 11.9%
TOTAL ASSETS
Total Short-Term Assets $240.7M $158.0M
Total Long-Term Assets $468.2M $149.4M
Total Assets $708.9M $307.4M
YoY Change 130.61% 17.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $63.62M $48.54M
YoY Change 31.06% 21.28%
Accrued Expenses $19.80M $13.40M
YoY Change 47.76% 22.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $23.35M $4.000M
YoY Change 483.63% -30.0%
Total Short-Term Liabilities $128.7M $75.34M
YoY Change 70.89% 16.71%
LONG-TERM LIABILITIES
Long-Term Debt $335.9M $53.50M
YoY Change 527.92% 16.3%
Other Long-Term Liabilities $10.69M $10.78M
YoY Change -0.84% -2.47%
Total Long-Term Liabilities $346.6M $64.28M
YoY Change 439.22% 12.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $128.7M $75.34M
Total Long-Term Liabilities $346.6M $64.28M
Total Liabilities $535.4M $143.6M
YoY Change 272.92% 14.49%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $173.5M $163.8M
YoY Change
Total Liabilities & Shareholders Equity $708.9M $307.4M
YoY Change 130.61% 17.59%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $6.953M $5.200M
YoY Change 33.71% 9.01%
Depreciation, Depletion And Amortization $8.597M $4.084M
YoY Change 110.5% -4.89%
Cash From Operating Activities $21.70M $7.000M
YoY Change 210.0% -38.27%
INVESTING ACTIVITIES
Capital Expenditures -$7.850M -$3.630M
YoY Change 116.25% 105.08%
Acquisitions
YoY Change
Other Investing Activities -$8.780M -$8.910M
YoY Change -1.46% -44650.0%
Cash From Investing Activities -$16.63M -$12.54M
YoY Change 32.62% 612.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -110.0K 6.750M
YoY Change -101.63% -157.25%
NET CHANGE
Cash From Operating Activities 21.70M 7.000M
Cash From Investing Activities -16.63M -12.54M
Cash From Financing Activities -110.0K 6.750M
Net Change In Cash 4.960M 1.210M
YoY Change 309.92% -154.75%
FREE CASH FLOW
Cash From Operating Activities $21.70M $7.000M
Capital Expenditures -$7.850M -$3.630M
Free Cash Flow $29.55M $10.63M
YoY Change 177.99% -18.92%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q4 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.07216 pure
CY2014Q4 us-gaap Derivative Amount Of Hedged Item
DerivativeAmountOfHedgedItem
150000000
CY2015Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
26838339 shares
CY2014Q2 us-gaap Assets
Assets
307420000
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5812000
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1067000 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.08
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
857000 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
10.91
CY2015Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
19760000
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
173502000
CY2015Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
335938000
CY2015Q2 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
0
CY2015Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
10692000
CY2015Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
3033000
CY2015Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4297000
CY2015Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
5057000
CY2015Q2 us-gaap Long Term Debt
LongTermDebt
359283000
CY2015Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
11481000
CY2015Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
23345000
CY2015Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
63616000
CY2015Q2 us-gaap Liabilities
Liabilities
535438000
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
708940000
CY2015Q2 us-gaap Liabilities Current
LiabilitiesCurrent
128741000
CY2015Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
48238000
CY2015Q2 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
5482000
CY2015Q2 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
11829000
CY2015Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
2056000
CY2015Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
20470000
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
12516000
CY2015Q2 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-2056000
CY2015Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
19542000
CY2015Q2 us-gaap Assets
Assets
708940000
CY2015Q2 us-gaap Inventory Net
InventoryNet
87928000
CY2015Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
114819000
CY2015Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
272047000
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4090000
CY2015Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
30354000
CY2015Q2 us-gaap Assets Current
AssetsCurrent
240746000
CY2015Q2 us-gaap Other Assets Current
OtherAssetsCurrent
16590000
CY2015Q2 us-gaap Derivative Assets
DerivativeAssets
977000
CY2015Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
57226000
CY2015Q2 us-gaap Equity Method Investments
EquityMethodInvestments
38240000
CY2015Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
52929000
CY2015Q2 us-gaap Goodwill
Goodwill
85436000
CY2015Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
21409000
CY2015Q2 us-gaap Loss Contingency Range Of Possible Loss Maximum
LossContingencyRangeOfPossibleLossMaximum
6000000
CY2015Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
37104000
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
14341000
CY2015Q2 us-gaap Loss Contingency Range Of Possible Loss Minimum
LossContingencyRangeOfPossibleLossMinimum
0
CY2015Q2 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
4981000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3039000
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1175000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.40
CY2014Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
21148000
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
173699000
CY2014Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
328026000
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9390000
CY2014Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3274000
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
350186000
CY2014Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
14504000
CY2014Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
22160000
CY2014Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
71094000
CY2014Q4 us-gaap Liabilities
Liabilities
539014000
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
712713000
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
137598000
CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
49461000
CY2014Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
5418000
CY2014Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
14539000
CY2014Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
21883000
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
20001000
CY2014Q4 us-gaap Assets
Assets
712713000
CY2014Q4 us-gaap Inventory Net
InventoryNet
91469000
CY2014Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
97510000
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
278442000
CY2014Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
34395000
CY2014Q4 us-gaap Assets Current
AssetsCurrent
242799000
CY2014Q4 us-gaap Other Assets Current
OtherAssetsCurrent
16503000
CY2014Q4 us-gaap Equity Method Investments
EquityMethodInvestments
34703000
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
52827000
CY2014Q4 us-gaap Goodwill
Goodwill
83941000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
37317000
CY2014Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
35191000
CY2014Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
5857000
CY2014Q4 us-gaap Derivative Maturity Dates
DerivativeMaturityDates
2018-12-31
CY2014Q4 us-gaap Derivative Inception Dates
DerivativeInceptionDates
2015-12-29
CY2014Q4 us-gaap Derivative Description Of Terms
DerivativeDescriptionOfTerms
On December 16, 2014, we entered into a $150,000 interest rate swap that will go into effect on December 29, 2015 (one year delayed start), at which time our interest rate will be locked at 7.216% until December 31, 2018.
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
5701000
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.02 pure
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.14
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18054000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
354000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17700000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.59
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.32 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
98000 shares
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
73000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5812000
us-gaap Net Income Loss
NetIncomeLoss
10438000
us-gaap Payments Of Dividends
PaymentsOfDividends
2480000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
16217000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-1364000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9074000
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
209208000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-4191000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
15247000
us-gaap Operating Income Loss
OperatingIncomeLoss
16574000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4736000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-212000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
20594000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4809000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2773000
us-gaap Interest Expense
InterestExpense
1115000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-22029000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
19110000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
21786000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1286000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
640000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
216000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-9000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
20104000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6939000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-763000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7961000
us-gaap Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization
164569000
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.67
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
4277000
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.08 pure
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.14
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Amendment Flag
AmendmentFlag
false
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000918541
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y3M18D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y8M12D
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
25.16
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Registrant Name
EntityRegistrantName
NN INC
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19416000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
352000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
3000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.49
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19064000 shares
dei Document Period End Date
DocumentPeriodEndDate
2015-06-30
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
160000 shares
dei Trading Symbol
TradingSymbol
NNBR
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.22 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
13.12
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
55000 shares
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
2618000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16166000
us-gaap Net Income Loss
NetIncomeLoss
12955000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1831000
us-gaap Payments Of Dividends
PaymentsOfDividends
2676000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
8966000
us-gaap Operating Income Loss
OperatingIncomeLoss
27524000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1305000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1419000
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
0
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
17393000
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
510000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-12231000
us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
-1625000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-901000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
136000
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
1079000
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
328601000
us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-2056000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
4399000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1882000
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
1882000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
14146000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3073000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-15908000
us-gaap Interest Expense
InterestExpense
11959000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-26071000
us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-604000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
6371000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
-1372000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
433000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
222000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
8517000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1771000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1831000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1146000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-485000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2013000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2676000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-6317000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
1453000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17091000
us-gaap Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization
258025000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
25961000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2099000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
nnbr Adjustments To Additional Paid In Capital Share Based Compensation Performance Stock Unit Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationPerformanceStockUnitRequisiteServicePeriodRecognition
182000
CY2014 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
0
CY2014 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-431000
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2014Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.07
CY2014Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18172000 shares
CY2014Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
393000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17779000 shares
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
5200000
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
8237000
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-129000
CY2014Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-725000
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4475000
CY2014Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
106680000
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
7557000
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2357000
CY2014Q2 us-gaap Interest Expense
InterestExpense
551000
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
10074000
CY2014Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4084000
CY2014Q2 us-gaap Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization
84285000
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2015Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.07
CY2015Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19582000 shares
CY2015Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
367000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19215000 shares
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
6953000
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
13589000
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-19000
CY2015Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
4065000
CY2015Q2 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
-61000
CY2015Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
10957000
CY2015Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
164856000
CY2015Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1021000
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
7549000
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1617000
CY2015Q2 us-gaap Interest Expense
InterestExpense
6021000
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
13962000
CY2015Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8597000
CY2015Q2 us-gaap Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization
128708000

Files In Submission

Name View Source Status
0001193125-15-280186-index-headers.html Edgar Link pending
0001193125-15-280186-index.html Edgar Link pending
0001193125-15-280186.txt Edgar Link pending
0001193125-15-280186-xbrl.zip Edgar Link pending
d57152d10q.htm Edgar Link pending
d57152dex311.htm Edgar Link pending
d57152dex312.htm Edgar Link pending
d57152dex321.htm Edgar Link pending
d57152dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
nnbr-20150630.xml Edgar Link completed
nnbr-20150630.xsd Edgar Link pending
nnbr-20150630_cal.xml Edgar Link unprocessable
nnbr-20150630_def.xml Edgar Link unprocessable
nnbr-20150630_lab.xml Edgar Link unprocessable
nnbr-20150630_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending