10-Q Filing

ALPHA PRO TECH LTD CIK: 884269 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001437749-11-008362`
Period End Date	20110930
Filing Date	20111110
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	apt-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 69 Cash Flow Statement 51 Stockholders Equity 16

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$66.00K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$77.00K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.75M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $66,000 as of September 30, 2011 and $77,000 as of December 31, 2010	`AccountsReceivableNetCurrent`	$3.82M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $66,000 as of September 30, 2011 and $77,000 as of December 31, 2010	`AccountsReceivableNetCurrent`	$4.79M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventories	`InventoryNet`	$17.32M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.42M	shares	Point-in-time
Inventories	`InventoryNet`	$14.21M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.71M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.42M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.03M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.72M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.71M	shares	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$522.00K	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$443.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.61M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.77M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.80M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.16M	USD	Point-in-time
Goodwill	`Goodwill`	$55.00K	USD	Point-in-time
Goodwill	`Goodwill`	$55.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$137.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$164.00K	USD	Point-in-time
Equity investments in and advances to unconsolidated affiliates	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.94M	USD	Point-in-time
Equity investments in and advances to unconsolidated affiliates	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$2.31M	USD	Point-in-time
Total assets	`Assets`	$36.93M	USD	Point-in-time
Total assets	`Assets`	$37.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$487.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$509.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$507.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$296.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$783.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.02M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$599.00K	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$639.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.61M	USD	Point-in-time
Common stock, $0.01 par value: 50,000,000 shares authorized; 21,707,190 and 22,424,285 shares issued and outstanding as of September 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$224.00K	USD	Point-in-time
Common stock, $0.01 par value: 50,000,000 shares authorized; 21,707,190 and 22,424,285 shares issued and outstanding as of September 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$217.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$22.88M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$23.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$11.78M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.36M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$35.45M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$35.51M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$36.93M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$37.07M	USD	Point-in-time

Income Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$29.34M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$33.17M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$10.12M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$10.32M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$6.54M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$18.53M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$6.45M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$20.18M	USD	3 Qtrs
Gross profit	`GrossProfit`	$3.79M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.67M	USD	1 Quarter
Gross profit	`GrossProfit`	$13.00M	USD	3 Qtrs
Gross profit	`GrossProfit`	$10.81M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$10.66M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.69M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.36M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$201.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$627.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$616.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$167.00K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$10.31M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$3.56M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$11.29M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$3.18M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$487.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$504.00K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$226.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.71M	USD	3 Qtrs
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$368.00K	USD	3 Qtrs
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$262.00K	USD	3 Qtrs
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$134.00K	USD	1 Quarter
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$90.00K	USD	1 Quarter
Net gain on sales of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$41.00K	USD	3 Qtrs
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$5.00K	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$22.00K	USD	3 Qtrs
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$7.00K	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$20.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$95.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$431.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$282.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$141.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$628.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$321.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$935.00K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossAttributableToParent`	$1.99M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$738.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$242.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$127.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$357.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.25M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$386.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$578.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$194.00K	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.06	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.03	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.06	USD	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.42M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.42M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.30M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.05M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.89M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.42M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.72M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.05M	shares	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.25M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$386.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$578.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$194.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$114.00K	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$218.00K	USD	3 Qtrs
Proceeds from dividends from equity investments in unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$77.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$201.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$627.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$616.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$167.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-119.00K	USD	3 Qtrs
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$41.00K	USD	3 Qtrs
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$368.00K	USD	3 Qtrs
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$262.00K	USD	3 Qtrs
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$134.00K	USD	1 Quarter
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$90.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-978.00K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$3.82M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.93M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-4.56M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-310.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-155.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.89M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$233.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.98M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.76M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$236.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.02M	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$4.00K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$3.00K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromDivestitureOfBusinesses`	$235.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.03M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$857.00K	USD	3 Qtrs
Excess tax benefit related to share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-13.00K	USD	3 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$6.00K	USD	3 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$16.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-854.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.00K	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.00M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.90M	USD	3 Qtrs
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.75M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.22M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.75M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.75M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.22M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.75M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$35.45M	USD	Point-in-time
Balance	`StockholdersEquity`	$35.51M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesIssued`	22.42M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesIssued`	21.71M	shares	Point-in-time
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$218.00K	USD	3 Qtrs
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$-857.00K	USD	3 Qtrs
Excess tax benefit related to share-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$-13.00K	USD	3 Qtrs
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$16.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.25M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$386.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$578.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$194.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$35.45M	USD	Point-in-time
Balance	`StockholdersEquity`	$35.51M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesIssued`	22.42M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesIssued`	21.71M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.