$NNBR
NN INC

2016 Q2 Form 10-Q Financial Statement

#000119312516671730 Filed on August 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $214.3M $164.9M
YoY Change 29.98% 54.53%
Cost Of Revenue $156.8M $128.7M
YoY Change 21.82% 52.71%
Gross Profit $57.48M $36.15M
YoY Change 59.01% 61.41%
Gross Profit Margin 26.82% 21.93%
Selling, General & Admin $20.99M $13.96M
YoY Change 50.36% 38.59%
% of Gross Profit 36.52% 38.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.14M $8.597M
YoY Change 76.06% 110.5%
% of Gross Profit 26.33% 23.78%
Operating Expenses $20.99M $13.96M
YoY Change 50.36% 38.59%
Operating Profit $17.30M $13.59M
YoY Change 27.32% 64.98%
Interest Expense $16.63M $6.021M
YoY Change 176.22% 992.74%
% of Operating Profit 96.12% 44.31%
Other Income/Expense, Net $824.0K -$19.00K
YoY Change -4436.84% -85.27%
Pretax Income $1.495M $7.549M
YoY Change -80.2% -0.11%
Income Tax $719.0K $1.617M
% Of Pretax Income 48.09% 21.42%
Net Earnings $2.031M $6.953M
YoY Change -70.79% 33.71%
Net Earnings / Revenue 0.95% 4.22%
Basic Earnings Per Share $0.08 $0.36
Diluted Earnings Per Share $0.08 $0.36
COMMON SHARES
Basic Shares Outstanding 27.02M shares 19.22M shares
Diluted Shares Outstanding 27.19M shares 19.58M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.10M $21.40M
YoY Change -29.44% 268.97%
Cash & Equivalents $15.08M $21.41M
Short-Term Investments
Other Short-Term Assets $12.92M $16.59M
YoY Change -22.12% 67.0%
Inventory $118.8M $87.93M
Prepaid Expenses
Receivables $147.1M $114.8M
Other Receivables $4.000M $0.00
Total Short-Term Assets $297.9M $240.7M
YoY Change 23.73% 52.34%
LONG-TERM ASSETS
Property, Plant & Equipment $323.2M $272.0M
YoY Change 18.82% 105.04%
Goodwill $448.7M $85.44M
YoY Change 425.18% 810.44%
Intangibles
YoY Change
Long-Term Investments $41.21M $38.24M
YoY Change 7.75%
Other Assets $10.95M $19.54M
YoY Change -43.97% 480.05%
Total Long-Term Assets $1.097B $468.2M
YoY Change 134.27% 213.4%
TOTAL ASSETS
Total Short-Term Assets $297.9M $240.7M
Total Long-Term Assets $1.097B $468.2M
Total Assets $1.395B $708.9M
YoY Change 96.73% 130.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $65.86M $63.62M
YoY Change 3.53% 31.06%
Accrued Expenses $23.40M $19.80M
YoY Change 18.18% 47.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $19.54M $23.35M
YoY Change -16.31% 483.63%
Total Short-Term Liabilities $138.9M $128.7M
YoY Change 7.87% 70.89%
LONG-TERM LIABILITIES
Long-Term Debt $801.2M $335.9M
YoY Change 138.5% 527.92%
Other Long-Term Liabilities $6.290M $10.69M
YoY Change -41.17% -0.84%
Total Long-Term Liabilities $807.5M $346.6M
YoY Change 132.96% 439.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $138.9M $128.7M
Total Long-Term Liabilities $807.5M $346.6M
Total Liabilities $1.072B $535.4M
YoY Change 100.27% 272.92%
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 $317.4M $173.5M
YoY Change
Total Liabilities & Shareholders Equity $1.390B $708.9M
YoY Change 96.03% 130.61%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $2.031M $6.953M
YoY Change -70.79% 33.71%
Depreciation, Depletion And Amortization $15.14M $8.597M
YoY Change 76.06% 110.5%
Cash From Operating Activities $8.350M $21.70M
YoY Change -61.52% 210.0%
INVESTING ACTIVITIES
Capital Expenditures -$10.21M -$7.850M
YoY Change 30.06% 116.25%
Acquisitions
YoY Change
Other Investing Activities $1.830M -$8.780M
YoY Change -120.84% -1.46%
Cash From Investing Activities -$8.380M -$16.63M
YoY Change -49.61% 32.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.470M -110.0K
YoY Change -1436.36% -101.63%
NET CHANGE
Cash From Operating Activities 8.350M 21.70M
Cash From Investing Activities -8.380M -16.63M
Cash From Financing Activities 1.470M -110.0K
Net Change In Cash 1.440M 4.960M
YoY Change -70.97% 309.92%
FREE CASH FLOW
Cash From Operating Activities $8.350M $21.70M
Capital Expenditures -$10.21M -$7.850M
Free Cash Flow $18.56M $29.55M
YoY Change -37.19% 177.99%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q2 us-gaap Assets
Assets
708940000
CY2015Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
21409000
CY2016Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
2361000
CY2016Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
23392000
CY2016Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
3165000
CY2016Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
2042000
CY2016Q2 us-gaap Assets
Assets
1389741000
CY2016Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
248800000
CY2016Q2 us-gaap Derivative Amount Of Hedged Item
DerivativeAmountOfHedgedItem
150000000
CY2016Q2 us-gaap Assets Current
AssetsCurrent
297883000
CY2016Q2 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
578000
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15080000
CY2016Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
4100000
CY2016Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
147053000
CY2016Q2 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
852000
CY2016Q2 us-gaap Equity Method Investments
EquityMethodInvestments
41205000
CY2016Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
65862000
CY2016Q2 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.06966 pure
CY2016Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
0
CY2016Q2 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
4101000
CY2016Q2 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
7656000
CY2016Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
112256000
CY2016Q2 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-4096000
CY2016Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
52149000
CY2016Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
801213000
CY2016Q2 us-gaap Long Term Debt
LongTermDebt
820750000
CY2016Q2 us-gaap Inventory Gross
InventoryGross
118784000
CY2016Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
19537000
CY2016Q2 us-gaap Other Assets Current
OtherAssetsCurrent
12920000
CY2016Q2 us-gaap Inventory Net
InventoryNet
118784000
CY2016Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
23941000
CY2016Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
200000
CY2016Q2 us-gaap Liabilities
Liabilities
1072335000
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1389741000
CY2016Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
267769000
CY2016Q2 us-gaap Goodwill
Goodwill
448690000
CY2016Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
6290000
CY2016Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
1800000
CY2016Q2 us-gaap Liabilities Current
LiabilitiesCurrent
138875000
CY2016Q2 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
0
CY2016Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
33373000
CY2016Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
254200000
CY2016Q2 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
5000000
CY2016Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
4046000
CY2016Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
10950000
CY2016Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
33262000
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3073000
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
323244000
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
11.47
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.09
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
816000 shares
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
317406000
CY2016Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2649000
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1033000 shares
CY2016Q2 nnbr Debt Instrument Additional Interest Payable On Default
DebtInstrumentAdditionalInterestPayableOnDefault
0.010 pure
CY2016Q2 nnbr Debt Instrument Additional Interest Rate
DebtInstrumentAdditionalInterestRate
0.0025 pure
CY2016Q2 nnbr Postemployment Benefits Liability Including Defined Benefit Plan Funded Status Of Plan
PostemploymentBenefitsLiabilityIncludingDefinedBenefitPlanFundedStatusOfPlan
6045000
CY2016Q2 nnbr Line Of Credit Facility Additional Borrowing Capacity
LineOfCreditFacilityAdditionalBorrowingCapacity
100000000
CY2016Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
27125168 shares
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
37317000
CY2015Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
2098000
CY2015Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
21125000
CY2015Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
1673000
CY2015Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
5350000
CY2015Q4 us-gaap Assets
Assets
1380567000
CY2015Q4 us-gaap Assets Current
AssetsCurrent
280181000
CY2015Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
388000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15087000
CY2015Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
742000
CY2015Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
123005000
CY2015Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
368000
CY2015Q4 us-gaap Equity Method Investments
EquityMethodInvestments
38462000
CY2015Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
69101000
CY2015Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
6696000
CY2015Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
4786000
CY2015Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
9573000
CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
117459000
CY2015Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-3015000
CY2015Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
50204000
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
795400000
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
807114000
CY2015Q4 us-gaap Inventory Gross
InventoryGross
119836000
CY2015Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
11714000
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
11568000
CY2015Q4 us-gaap Inventory Net
InventoryNet
119836000
CY2015Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
21275000
CY2015Q4 us-gaap Liabilities
Liabilities
1066686000
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1380567000
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
282169000
CY2015Q4 us-gaap Goodwill
Goodwill
449898000
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4746000
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
133351000
CY2015Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
39028000
CY2015Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
5000000
CY2015Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
3989000
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
10147000
CY2015Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
30604000
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
318968000
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.09
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
313881000
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1034000 shares
CY2015Q4 nnbr Postemployment Benefits Liability Including Defined Benefit Plan Funded Status Of Plan
PostemploymentBenefitsLiabilityIncludingDefinedBenefitPlanFundedStatusOfPlan
6157000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1146000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-15908000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-485000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1771000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.14
us-gaap Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization
258025000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17091000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.67
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-901000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.22 pure
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1419000
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
1372000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1831000
us-gaap Interest Expense
InterestExpense
11959000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-26071000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
136000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
17393000
us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
-1625000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
8966000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-6317000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-13856000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1305000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
352000 shares
us-gaap Operating Income Loss
OperatingIncomeLoss
27524000
us-gaap Payments Of Dividends
PaymentsOfDividends
2676000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
6371000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-12231000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
14146000
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 Tax Expense Benefit
IncomeTaxExpenseBenefit
3073000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
4277000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16166000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
433000
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
328601000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19416000 shares
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
25961000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19064000 shares
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
8517000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
1453000
us-gaap Profit Loss
ProfitLoss
12955000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
4399000
us-gaap Restricted Stock Expense
RestrictedStockExpense
1100000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
2618000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
54600000 shares
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1986000
dei Entity Registrant Name
EntityRegistrantName
NN INC
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000918541
us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-1334000
dei Document Period End Date
DocumentPeriodEndDate
2016-06-30
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
1991000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-7000
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-927000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-2253000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2485000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.14
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
dei Amendment Flag
AmendmentFlag
false
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
494000
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Foreign
EffectiveIncomeTaxRateReconciliationTaxSettlementsForeign
0.10 pure
us-gaap Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization
316548000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
us-gaap Derivative Maturity Dates
DerivativeMaturityDates
2018-12-31
us-gaap Asset Impairment Charges
AssetImpairmentCharges
400000
us-gaap Derivative Inception Dates
DerivativeInceptionDates
2015-12-29
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32484000
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.23 pure
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3445000
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14547000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3773000
us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-4096000
us-gaap Derivative Description Of Terms
DerivativeDescriptionOfTerms
Our $150.0 million interest rate swap went into effect on December 29, 2015, at which time our interest rate was effectively 6.966% until December 31, 2018.
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.02 pure
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2235000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1953000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1525000
us-gaap Interest Expense
InterestExpense
32587000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-16373000
us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
147000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
24048000
us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
-1081000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3239000
us-gaap Proceeds From Previous Acquisition
ProceedsFromPreviousAcquisition
1635000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2713000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
126000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1713000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
127000 shares
us-gaap Operating Income Loss
OperatingIncomeLoss
28577000
us-gaap Payments Of Dividends
PaymentsOfDividends
3773000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
6995000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
3794000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2057000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2743000
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
2743000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-46000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
11624000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 Segment
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18223000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
215000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
145000 shares
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
1891000
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
426498000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27050000 shares
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
42304000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
6585000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y2M12D
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
11.31
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y4M24D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
23000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
10.55
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26923000 shares
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1525000
dei Trading Symbol
TradingSymbol
NNBR
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
11000000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
6580000
us-gaap Profit Loss
ProfitLoss
732000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
5875000
us-gaap Restricted Stock Expense
RestrictedStockExpense
1400000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
2462000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
16.17
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
167000 shares
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
1872000
nnbr Debt Default Period Failure To Make Principal And Interest Payment
DebtDefaultPeriodFailureToMakePrincipalAndInterestPayment
P90D
nnbr Default Interest Rate Increase
DefaultInterestRateIncrease
0.0025 pure
nnbr Effective Income Tax Rate Reconciliation Interest And Penalties
EffectiveIncomeTaxRateReconciliationInterestAndPenalties
0.07 pure
nnbr Period Of Effectiveness Of Registration Statement
PeriodOfEffectivenessOfRegistrationStatement
SEC and cause that registration statement to be declared effective 300 days of the issue date of the Senior Notes.
nnbr Number Of Manufacturing Plants
NumberOfManufacturingPlants
41 ManufacturingPlants
nnbr Interest Payable Description
InterestPayableDescription
Semi-annually
nnbr Adjustments Related To Tax Withholding And Forfeited For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingAndForfeitedForShareBasedCompensation
157000
CY2015 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-3015000
CY2015Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.07
CY2015Q2 us-gaap Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization
128708000
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2015Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8597000
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2015Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
10957000
CY2015Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-19000
CY2015Q2 us-gaap Interest Expense
InterestExpense
6021000
CY2015Q2 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
-61000
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4004000
CY2015Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
367000 shares
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
13589000
CY2015Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
4065000
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 Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1021000
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1617000
CY2015Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
164856000
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19582000 shares
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
13962000
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19215000 shares
CY2015Q2 us-gaap Profit Loss
ProfitLoss
6953000
CY2015Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
600000
CY2016Q2 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-500000
CY2016Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.07
CY2016Q2 us-gaap Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization
156794000
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2016Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
300000
CY2016Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
15136000
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2016Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-973000
CY2016Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.49 pure
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
824000
CY2016Q2 us-gaap Interest Expense
InterestExpense
16165000
CY2016Q2 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
-79000
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3004000
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
163000 shares
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
16703000
CY2016Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-2925000
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1362000
CY2016Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1343000
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
674000
CY2016Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
4000000
CY2016Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
214272000
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27187000 shares
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
21592000
CY2016Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
4047000
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27024000 shares
CY2016Q2 us-gaap Profit Loss
ProfitLoss
2031000
CY2016Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
700000
CY2016Q2 nnbr Effective Income Tax Rate Reconciliation Change In Effective Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEffectiveTaxRate
0.15 pure

Files In Submission

Name View Source Status
0001193125-16-671730-index-headers.html Edgar Link pending
0001193125-16-671730-index.html Edgar Link pending
0001193125-16-671730.txt Edgar Link pending
0001193125-16-671730-xbrl.zip Edgar Link pending
d222946d10q.htm Edgar Link pending
d222946dex311.htm Edgar Link pending
d222946dex312.htm Edgar Link pending
d222946dex321.htm Edgar Link pending
d222946dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
g222946tx18a.jpg Edgar Link pending
g222946tx18b.jpg Edgar Link pending
nnbr-20160630.xml Edgar Link completed
nnbr-20160630.xsd Edgar Link pending
nnbr-20160630_cal.xml Edgar Link unprocessable
nnbr-20160630_def.xml Edgar Link unprocessable
nnbr-20160630_lab.xml Edgar Link unprocessable
nnbr-20160630_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
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
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