XML 46 R31.htm IDEA: XBRL DOCUMENT v3.21.1

Description of Business, Basis of Consolidation, Basis of Presentation and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Summary of Business Sales Segmentation

Selective enterprise information is as follows:

		2020				2019				2018
Net sales:
U.S. crop		$	223,167			$	220,635			$	240,855
U.S. non-crop			48,557				61,590				59,459
Total U.S.			271,724				282,225				300,314
International			186,980				185,961				153,958
Total net sales		$	458,704			$	468,186			$	454,272
Gross profit:
U.S. crop		$	98,340			$	95,429			$	110,172

U.S. non-crop			22,225				29,713				30,714
Total U.S.			120,565				125,142				140,886
International			52,025				52,212				41,745
Total gross profit		$	172,590			$	177,354			$	182,631

Summary of Operating Expense

Operating expenses include cost centers for Selling, General and Administrative, Research, Product Development, and Regulatory, and Freight, Delivery and Warehousing.

		2020				2019				2018
Selling		$	42,389			$	45,121			$	39,585
General and administrative			48,828				46,593				42,981
Research, product development and regulatory			26,310				24,070				26,428
Freight, delivery and warehousing			36,812				35,349				34,616
		$	154,339			$	151,133			$	143,610

Components of Inventories, Net of Reserve Allowance

The components of inventories, net of reserve allowance, consist of the following:

		2020				2019
Finished products		$	149,415			$	151,917
Raw materials			14,369				11,396
		$	163,784			$	163,313

Schedule of Additional Information of Operating Leases

Additional information related to operating leases are as follows:

		Year Ended December 31, 2020				Year Ended December 31, 2019
Cash paid for amounts included in the measurement of    lease liabilities		$	5,657			$	5,398
ROU assets obtained in exchange for new liabilities		$	6,309			$	3,580

Schedule of Weighted-Average Remaining Lease Term and Discount Rate Related to Operating Leases

The weighted-average remaining lease term and discount rate related to the operating leases as of December 31, 2020 and 2019 were as follows:

		December 31, 2020				December 31, 2019
Weighted-average remaining lease term (in years)			4.62				3.18
Weighted-average discount rate			3.81	%			3.68	%

Schedule of Future Minimum Lease Payments Under Non-Cancellable Operating Leases

Future minimum lease payments under non-cancellable operating leases as of December 31, 2020 were as follows:

		December 31, 2020
2021		$	4,536
2022			2,879
2023			1,914
2024			1,192
2025			1,001
Thereafter			2,020
Total lease payments		$	13,542
Less: imputed interest			1,177
Total		$	12,365
Amounts recognized in the consolidated balance sheets:
Operating lease liabilities, current		$	4,188
Operating lease liabilities, long term		$	8,177

Summary of Selective Enterprise Information of Sales Disaggregated By Category and Geographic Region

Selective enterprise information of sales disaggregated by category and geographic region is as follows:

		2020				2019
Net sales:
U.S. crop		$	223,167			$	220,635
U.S. non-crop			48,557				61,590
Total U.S.			271,724				282,225
International			186,980				185,961
Total net sales		$	458,704			$	468,186
Timing of revenue recognition:
Goods and services transferred at a point in time		$	455,726			$	464,967
Goods and services transferred over time			2,978				3,219
Total net sales		$	458,704			$	468,186

Summary of Contract Balances

 

		December 31, 2020				December 31, 2019
Contract assets		$	3,200			$	6,091
Deferred revenue		$	43,611			$	6,826

Components of Basic and Diluted Earnings Per Share

The components of basic and diluted earnings per share were as follows:

		2020				2019				2018
Numerator:
Net income attributable to American Vanguard		$	15,242			$	13,601			$	24,195
Denominator:
Weighted average shares outstanding—basic			29,450				29,030				29,326
Dilutive effect of stock options and grants			543				626				722
Weighted average shares outstanding—diluted			29,993				29,656				30,048

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

- Definition

Schedule of other information of operating leases.

+ References

No definition available.

+ Details

Name:	avd_ScheduleOfOtherInformationOfOperatingLeasesTableTextBlock
Namespace Prefix:	avd_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of weighted-average remaining lease term and discount rate related to operating leases.

+ References

No definition available.

+ Details

Name:	avd_ScheduleOfWeightedAverageRemainingLeaseTermAndDiscountRateRelatedToOperatingLeasesTableTextBlock
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 receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
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://fasb.org/us-gaap/role/ref/legacyRef
-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=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-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=120391452&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-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=120391452&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-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

+ 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.3)
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

+ 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration