XML 42 R28.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Description of Business, Basis of Consolidation, Basis of Presentation and Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Accounting Policies [Abstract] |
Summary of Business Sales Segmentation | Selective enterprise information is as follows:
|  | 2016 |  |  | 2015 |  |  | 2014 |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
Insecticides |  | $ | 119,226 |  |  | $ | 117,180 |  |  | $ | 135,705 |
Herbicides/soil fumigants/fungicides |  |  | 123,540 |  |  |  | 111,897 |  |  |  | 101,785 |
Other, including plant growth regulators |  |  | 29,438 |  |  |  | 29,013 |  |  |  | 30,220 |
Total crop |  |  | 272,204 |  |  |  | 258,090 |  |  |  | 267,710 |
Non-crop |  |  | 39,909 |  |  |  | 31,292 |  |  |  | 30,924 |
|  | $ | 312,113 |  |  | $ | 289,382 |  |  | $ | 298,634 |
Gross profit: |  |  |  |  |  |  |  |  |  |  |  |
Crop |  | $ | 107,821 |  |  | $ | 97,198 |  |  | $ | 101,633 |
Non-crop |  |  | 20,467 |  |  |  | 14,704 |  |  |  | 12,863 |
|  | $ | 128,288 |  |  | $ | 111,902 |  |  | $ | 114,496 |
Summary of Operating Expense | Operating expenses include cost centers for Selling, General and Administrative, Research, Product Development, and Regulatory, and finally, Freight, Delivery and Warehousing.
|  | 2016 |  |  | 2015 |  |  | 2014 |
Selling |  | $ | 27,442 |  |  | $ | 27,052 |  |  | $ | 31,593 |
General and administrative |  |  | 32,128 |  |  |  | 28,516 |  |  |  | 27,057 |
Research, product development and regulatory |  |  | 21,298 |  |  |  | 19,116 |  |  |  | 21,206 |
Freight, delivery and warehousing |  |  | 26,880 |  |  |  | 25,694 |  |  |  | 27,930 |
|  | $ | 107,748 |  |  | $ | 100,378 |  |  | $ | 107,786 |
Components of Inventories | The components of inventories consist of the following:
|  | 2016 |  |  | 2015 |
Finished products |  | $ | 103,832 |  |  | $ | 120,456 |
Raw materials |  |  | 16,744 |  |  |  | 16,021 |
|  | $ | 120,576 |  |  | $ | 136,477 |
Components of Basic and Diluted Earnings Per Share | The components of basic and diluted earnings per share were as follows:
|  | 2016 |  |  | 2015 |  |  | 2014 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to American Vanguard |  | $ | 12,788 |  |  | $ | 6,591 |  |  | $ | 4,841 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding—basic |  |  | 28,859 |  |  |  | 28,673 |  |  |  | 28,436 |
Dilutive effect of stock options and grants |  |  | 535 |  |  |  | 564 |  |  |  | 476 |
|  |  | 29,394 |  |  |  | 29,237 |  |  |  | 28,912 |
Stock Based Compensation, Unamortized Stock-Based Compensation and Remaining Weighted Average Period | The below tables illustrate the Company’s stock based compensation, unamortized stock-based compensation, and remaining weighted average period for the years ended December 31, 2016, 2015 and 2014. This projected expense will change if any stock options and restricted stock are granted or cancelled prior to the respective reporting periods, or if there are any changes required to be made for estimated forfeitures.
|  | Stock-Based Compensation |  |  | Unamortized Stock-Based Compensation |  |  | Remaining Weighted Average Period (years) |
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |
Incentive Stock Options |  | $ | 354 |  |  | $ | 397 |  |  |  | 1.0 |
Performance Based Options |  |  | 188 |  |  |  | 178 |  |  |  | 1.0 |
Restricted Stock |  |  | 1,630 |  |  |  | 2,153 |  |  |  | 1.6 |
Performance Based Restricted Stock |  |  | 995 |  |  |  | 796 |  |  |  | 1.7 |
Total |  | $ | 3,167 |  |  | $ | 3,524 |  |  |  |  |
December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |
Incentive Stock Options |  | $ | 431 |  |  | $ | 887 |  |  |  | 2.0 |
Performance Based Options |  |  | 149 |  |  |  | 331 |  |  |  | 2.0 |
Restricted Stock |  |  | 2,972 |  |  |  | 2,153 |  |  |  | 1.3 |
Performance Based Restricted Stock |  |  | 329 |  |  |  | 583 |  |  |  | 1.5 |
Total |  | $ | 3,881 |  |  | $ | 3,954 |  |  |  |  |
December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |
Incentive Stock Options |  | $ | 22 |  |  | $ | 1,457 |  |  |  | 3.0 |
Performance Based Options |  |  | — |  |  |  | 551 |  |  |  | 3.0 |
Restricted Stock |  |  | 3,963 |  |  |  | 4,829 |  |  |  | 1.8 |
Performance Based Restricted Stock |  |  | 168 |  |  |  | 1,249 |  |  |  | 2.1 |
Total |  | $ | 4,153 |  |  | $ | 8,086 |  |  |  |  |
Summary of Value Option Grants Using Weighted Average Assumptions | The Company uses the Black-Scholes option-pricing model (“Black-Scholes model”) to value option grants using the following weighted average assumptions:
|  | 2014 |
Risk free interest rate |  |  | 2.0% |
Dividend yield |  |  | 0.9% |
Volatility factor |  |  | 48.9% |
Weighted average life (years) |  | 6.5 years |

X
- Definition Schedule Of Calculation Of Numerator And Denominator In Earning Per Share [Table Text Block] + References No definition available. + Details
Name: | avd_ScheduleOfCalculationOfNumeratorAndDenominatorInEarningPerShareTableTextBlock
Namespace Prefix: | avd_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of each detailed component of other operating costs and expenses that are applicable to sales and revenues, but not included in the cost of sales in the income statement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration