Consolidated Balance Sheets - USD ($)
$ in Thousands |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Current assets |
|
|
| Cash |
$ 8,578
|
$ 4,368
|
| Trade receivables (net) |
63,388
|
58,433
|
| Accounts receivable from related party |
388
|
8,609
|
| Other receivables |
3,254
|
480
|
| Inventory (net) |
119,269
|
90,745
|
| Deferred tax asset |
2,951
|
1,325
|
| Prepaid expense and other |
4,872
|
1,691
|
| Current assets of discontinued operations |
|
8,206
|
| Total current assets |
202,700
|
173,857
|
| Total fixed assets (net) |
41,985
|
25,788
|
| Intangible assets (net) |
70,629
|
51,251
|
| Goodwill |
80,089
|
52,666
|
| Other long-term assets |
5,503
|
4,166
|
| Non-marketable equity investment |
5,752
|
5,951
|
| Long-term assets of discontinued operations |
|
3,477
|
| Total assets |
406,658
|
317,156
|
| Current liabilities |
|
|
| Notes payable—short term |
30,323
|
11,880
|
| Revolving credit facilities |
1,795
|
2,798
|
| Current portion of capital lease obligations |
1,004
|
1,631
|
| Accounts payable |
62,137
|
34,113
|
| Accounts payable related parties |
1,611
|
503
|
| Income tax payable on conversion of ASV |
|
16,231
|
| Accrued expenses |
21,053
|
15,973
|
| Other current liabilities |
2,113
|
2,407
|
| Current liabilities of discontinued operations |
|
2,425
|
| Total current liabilities |
120,036
|
87,961
|
| Long-term liabilities |
|
|
| Revolving term credit facilities |
46,097
|
46,457
|
| Notes payable |
69,676
|
38,423
|
| Capital lease obligations |
5,850
|
2,710
|
| Convertible note-related party (net) |
6,737
|
6,611
|
| Convertible note (net) |
14,386
|
|
| Deferred gain on sale of building |
1,288
|
1,268
|
| Deferred tax liability |
4,525
|
2,082
|
| Other long-term liabilities |
7,763
|
1,973
|
| Long-term liabilities of discontinued operations |
|
1,665
|
| Total long-term liabilities |
156,322
|
101,189
|
| Total liabilities |
$ 276,358
|
$ 189,150
|
| Commitments and contingencies |
|
|
| Equity |
|
|
| Preferred Stock—Authorized 150,000 shares, no shares issued or outstanding at December 31, 2015 and December 31, 2014 |
|
|
| Common Stock—no par value 25,000,000 shares authorized, 16,072,100 and 14,989,694 shares issued and outstanding at December 31, 2015 and December 31, 2014, respectively |
$ 93,186
|
$ 82,040
|
| Paid in capital |
2,630
|
1,789
|
| Retained earnings |
16,588
|
21,960
|
| Accumulated other comprehensive loss |
(5,392)
|
(1,023)
|
| Equity attributable to shareholders of Manitex International, Inc. |
107,012
|
104,766
|
| Equity attributable to noncontrolling interest |
23,288
|
23,240
|
| Total equity |
130,300
|
128,006
|
| Total liabilities and equity |
$ 406,658
|
$ 317,156
|