XML 41 R29.htm IDEA: XBRL DOCUMENT v3.22.4

Description of Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Summary of Business Sales Segmentation

Selective enterprise information is as follows:

		2022				2021				2020
Net sales:
U.S. crop		$	288,624			$	263,632			$	211,357
U.S. non-crop			76,709				78,605				60,367
Total U.S.			365,333				342,237				271,724
International			244,282				215,439				186,980
Total net sales		$	609,615			$	557,676			$	458,704
Gross profit:
U.S. crop		$	132,509			$	109,568			$	92,723
U.S. non-crop			35,257				37,443				27,842
Total U.S.			167,766				147,011				120,565
International			73,586				67,036				52,025
Total gross profit		$	241,352			$	214,047			$	172,590

Summary of Operating Expense

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

		2022				2021				2020
Selling		$	52,512			$	49,409			$	42,389
General and administrative:
Other			51,671				47,971				36,084
Proxy contest activities			1,785				—				—
Amortization			13,953				13,713				12,744
Research, product development and regulatory			31,816				28,855				26,310
Freight, delivery and warehousing			48,964				43,324				36,812
Total operating expenses		$	200,701			$	183,272			$	154,339

Components of Inventories, Net of Reserve Allowance

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

		2022				2021
Finished products		$	155,128			$	138,159
Raw materials			29,062				16,147
Total inventories, net		$	184,190			$	154,306

Schedule of Additional Information of Operating Leases

Additional information related to operating leases are as follows:

		Year Ended December 31, 2022				Year Ended December 31, 2021				Year Ended December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities		$	6,450			$	5,750			$	5,657
ROU assets obtained in exchange for new liabilities		$	4,468			$	18,521			$	6,309

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, 2022 and 2021 were as follows:

		December 31, 2022				December 31, 2021
Weighted-average remaining lease term (in years)			5.93				6.72
Weighted-average discount rate			4.00	%			4.02	%

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

Future minimum lease payments under non-cancellable operating leases as of December 31, 2022 were as follows:

2023		$	6,073
2024			5,204
2025			4,688
2026			3,464
2027			2,387
Thereafter			6,194
Total lease payments		$	28,010
Less: imputed interest			(3,239	)
Total		$	24,771
Amounts recognized in the consolidated balance sheets:
Operating lease liabilities, current		$	5,279
Operating lease liabilities, long term		$	19,492

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:

		2022				2021				2020
Net sales:
U.S. crop		$	288,624			$	263,632			$	211,357
U.S. non-crop			76,709				78,605				60,367
Total U.S.			365,333				342,237				271,724
International			244,282				215,439				186,980
Total net sales		$	609,615			$	557,676			$	458,704
Timing of revenue recognition:
Goods and services transferred at a point in time		$	609,409			$	557,176			$	455,726
Goods and services transferred over time			206				500				2,978
Total net sales		$	609,615			$	557,676			$	458,704

Components of Basic and Diluted Earnings Per Share

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

		2022				2021				2020
Numerator:
Net income		$	27,404			$	18,587			$	15,242
Denominator:
Weighted average shares outstanding—basic			29,234				29,811				29,450
Dilutive effect of stock options and grants			638				599				543
Weighted average shares outstanding—diluted			29,872				30,410				29,993

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:	dtr-types: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:	dtr-types: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:	dtr-types: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 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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 https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766

+ Details

Name:	us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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 https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

+ Details

Name:	us-gaap_ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

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