Alamo (ALG) 10-Q 6 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 31, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'ALAMO GROUP INC	'
Entity Central Index Key	'0000897077	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	11,310,693

Interim_Condensed_Consolidated

Interim Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$38,644	$63,960
Accounts receivable, net	178,072	151,396
Inventories	183,797	109,104
Deferred income taxes	6,515	5,741
Prepaid expenses	7,246	5,129
Income tax receivable	0	1,623
Total current assets	414,274	336,953
Rental equipment, net	28,927	0
Property, plant and equipment	173,071	158,376
Less: Accumulated depreciation	-100,655	-96,472
Property, Plant And Equipment, Net	72,416	61,904
Goodwill	71,996	32,073
Intangible assets, net	62,028	5,500
Deferred income taxes	2,936	457
Other assets	1,763	1,589
Total assets	654,340	438,476
Current liabilities:	'	'
Trade accounts payable	68,701	45,593
Income taxes payable	3,111	1,126
Accrued liabilities	44,391	33,482
Current maturities of long-term debt and capital lease obligations	852	420
Deferred income tax	884	0
Total current liabilities	117,939	80,621
Long-term debt and capital lease obligations, net of current maturities	190,005	8
Deferred pension liability	1,264	2,538
Other long-term liabilities	3,843	3,494
Deferred income taxes	3,825	1,350
Stockholders’ equity:	'	'
Common stock, $.10 par value, 20,000,000 shares authorized; 11,286,650 and 12,113,109 outstanding at September 30, 2014 and December 31, 2013, respectively	1,129	1,211
Additional paid-in-capital	93,097	91,439
Treasury stock, at cost; 42,600 shares at September 30, 2014 and December 31, 2013	-426	-426
Retained earnings	248,913	255,203
Accumulated other comprehensive (loss) income, net	-5,249	3,038
Total stockholders’ equity	337,464	350,465
Total liabilities and stockholders’ equity	$654,340	$438,476

Interim_Condensed_Consolidated1

Interim Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Stockholders' Equity:	'	'
Common stock, par value	$0.10	$0.10
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	11,286,650	12,113,109
Common stock, shares outstanding	11,286,650	12,113,109
Treasury stock, shares	42,600	42,600

Interim_Condensed_Consolidated2

Interim Condensed Consolidated Statements of Income (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net sales:	'	'	'	'
Net sales	$233,175	$174,738	$610,778	$511,231
Cost of sales	177,735	131,582	469,922	389,072
Gross profit	55,440	43,156	140,856	122,159
Selling, general and administrative expenses	33,914	27,830	93,903	79,533
Income from operations	21,526	15,326	46,953	42,626
Interest expense	-1,497	-319	-2,780	-897
Interest income	41	44	137	129
Other income, net	421	558	1,048	1,190
Income before income taxes	20,491	15,609	45,358	43,048
Provision for income taxes	7,124	4,276	15,558	12,978
Net Income	13,367	11,333	29,800	30,070
Net income per common share:	'	'	'	'
Basic (in dollars per share)	$1.11	$0.94	$2.47	$2.50
Diluted (in dollars per share)	$1.10	$0.93	$2.43	$2.47
Average common shares:	'	'	'	'
Basic (in shares)	12,050	12,069	12,077	12,040
Diluted (in shares)	12,206	12,229	12,251	12,196
Dividends declared (in dollars per share)	$0.07	$0.07	$0.21	$0.21
North American Industrial	'	'	'	'
Net sales:	'	'	'	'
Net sales	125,952	71,890	308,348	218,863
Income from operations	12,201	6,489	28,629	20,030
North American Agricultural	'	'	'	'
Net sales:	'	'	'	'
Net sales	57,668	61,157	160,144	168,048
Income from operations	4,594	6,250	9,384	16,261
European	'	'	'	'
Net sales:	'	'	'	'
Net sales	49,555	41,691	142,286	124,320
Income from operations	$4,731	$2,587	$8,940	$6,335

Interim_Condensed_Consolidated3

Interim Condensed Consolidated Statement of Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net Income	$13,367	$11,333	$29,800	$30,070
Other comprehensive (loss) income:	'	'	'	'
Foreign currency translation adjustment	-11,154	6,284	-8,549	-559
Post Retirement adjustments:	'	'	'	'
Net gains arising during the period	93	172	262	533
Other comprehensive (loss) income	-11,061	6,456	-8,287	-26
Comprehensive Income	$2,306	$17,789	$21,513	$30,044

Interim_Statements_of_Stockhol

Interim Statements of Stockholders' Equity Statement (USD $)	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Income
In Thousands, except Share data, unless otherwise specified
Balance at Dec. 31, 2013	$350,465	$1,211	$91,439	($426)	$255,203	$3,038
Balance (shares) at Dec. 31, 2013	12,070,509	12,071,000	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'
Net income	29,800	0	0	0	29,800	0
Translation adjustment	-8,549	0	0	0	0	-8,549
Net actuarial gain arising during period, net of taxes	262	0	0	0	0	262
Stock-based compensation	1,801	0	1,801	0	0	0
Exercise of stock options	429	3	426	0	0	0
Exercise of stock options (shares)	23,231	23,000	'	'	'	'
Repurchased shares (note 4)	-34,204	0	0	-34,204	0	0
Retirement of shares (shares)	-849,690	-850,000	'	'	'	'
Retirement of shares (note 4)	0	-85	-569	34,204	-33,550	0
Dividends paid ($.21 per share)	-2,540	0	0	0	-2,540	0
Balance at Sep. 30, 2014	$337,464	$1,129	$93,097	($426)	$248,913	($5,249)
Balance (shares) at Sep. 30, 2014	11,244,050	11,244,000	'	'	'	'

Interim_Statements_of_Stockhol1

Interim Statements of Stockholders' Equity (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Statement of Stockholders' Equity [Abstract]	'	'	'	'
Dividends paid (in dollars per share)	$0.07	$0.07	$0.21	$0.21

Interim_Condensed_Consolidated4

Interim Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Operating Activities	'	'
Net income	$29,800	$30,070
Adjustment to reconcile net income to net cash provided by operating activities:	'	'
Provision for doubtful accounts	304	-73
Depreciation	7,764	6,585
Amortization of intangibles	676	0
Amortization of debt issuance	130	95
Stock-based compensation expense	1,801	1,146
Excess tax benefits from stock-based payment arrangements	-437	-221
Provision for deferred income tax (benefit) expense	-2,808	-983
Gain on sale of property, plant and equipment	-936	-253
Changes in operating assets and liabilities, net of amounts acquired:	'	'
Accounts receivable	-13,141	-20,857
Inventories	-28,423	-11,818
Prepaid expenses and other assets	2,752	-1,405
Trade accounts payable and accrued liabilities	24,307	17,761
Income taxes payable	3,637	-2,195
Other long-term liabilities	-1,016	-898
Net cash provided by operating activities	24,410	16,954
Investing Activities	'	'
Acquisitions, net of cash acquired	-196,363	-1,021
Purchase of property, plant and equipment	-6,689	-9,910
Proceeds from sale of property, plant and equipment	1,064	429
Net cash used in investing activities	-201,988	-10,502
Financing Activities	'	'
Borrowings on bank revolving credit facility	248,000	0
Repayments on bank revolving credit facility	-58,000	0
Principal payments on long-term debt and capital leases	-434	-223
Proceeds from issuance of debt	780	0
Debt issuance cost	-818	0
Dividends paid	-2,540	-2,526
Proceeds from sale of common stock	427	1,248
Excess tax benefits from stock-based payment arrangements	437	221
Cost of common stock repurchased (note 4)	-34,204	0
Net cash provided by (used in) financing activities	153,648	-1,280
Effect of exchange rate changes on cash and cash equivalents	-1,386	140
Net change in cash and cash equivalents	-25,316	5,312
Cash and cash equivalents at beginning of the period	63,960	48,291
Cash and cash equivalents at end of the period	38,644	53,603
Cash paid during the period for:	'	'
Interest	1,859	888
Income taxes	$14,242	$15,550

Basis_of_Financial_Statement_P

Basis of Financial Statement Presentation	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Financial Statement Presentation	'
	Basis of Financial Statement Presentation
	The accompanying unaudited interim condensed consolidated financial statements of Alamo Group Inc. and its subsidiaries (the “Company”) have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulations S-X.  Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements.  In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included.  Operating results for the periods presented are not necessarily indicative of the results that may be expected for the year ending December 31, 2014.  The balance sheet at December 31, 2013 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements.  For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2013.
	The SEC adopted the conflict mineral rules under Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act on August 22, 2012. The rules require public companies to disclose information about their use of specific minerals originating from and financing armed groups in the Democratic Republic of the Congo or adjoining countries. The conflict mineral rules cover minerals frequently used to manufacture a wide array of electronic and industrial products including semiconductor devices. The rules do not ban the use of minerals from conflict sources, but require SEC filings and public disclosure covering the calendar year 2014 though the public disclosure provision is being challenged in court. We have determined that we are subject to the rules and are evaluating our supply chain, developed processes to assess the impacts and filed the required document before the May 2014 deadline.
	In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers” (Topic 606), which supersedes the revenue recognition requirements in ASC Topic 605, “Revenue Recognition,” and most industry-specific guidance. This ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. The amendments in the ASU must be applied using either the retrospective or cumulative effect transition method and are effective for annual and interim periods beginning after December 15, 2016. Early adoption is not permitted. We will evaluate the effects, if any, that adoption of this guidance will have on our consolidated financial statements.

Accounting_Policies

Accounting Policies	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Accounting Policies	'
	Accounting Policies
	There have been no changes or additions to our significant accounting policies described in Note 1 to the Consolidated Financial Statements in the Company’s 2013 10-K, with the exception of the following associated with the acquisition of the operating units of Specialized Industries LP (see Note 3):
	Rental Equipment
	The Company enters into lease agreements with customers related to the rental of certain equipment. All of these leasing agreements are classified as operating leases, and are for periods not to exceed two years. In accounting for these leases, the cost of the equipment purchased or manufactured by the Company is recorded as an asset, and is depreciated over its estimated useful life. Accumulated depreciation relating to the rental equipment was $1,895,000 as of September 30, 2014. The rental income is recognized ratably over the term of the leases.

Acquisitions_and_Investments

Acquisitions and Investments	9 Months Ended
	Sep. 30, 2014
Business Combinations [Abstract]	'
Acquisitions and Investments	'
	Acquisitions and Investments
	Specialized
	On May 13, 2014, the Company acquired all of the operating units of Specialized Industries LP, a portfolio company of ELB Capital Management, LLC.  The purchase included the businesses of Super Products LLC, Wausau-Everest LP and Howard P. Fairfield LLC as well as several related entities ("Specialized"), including all brand names and related product names and trademarks (the "Acquisition") pursuant to the terms of the Membership Interests and Partnership Interests Purchase Agreement dated February 24, 2014 (the “Agreement”). The purchase price consideration was approximately $193 million, on a debt free basis and subject to certain post-closing adjustments.
	In connection with the Acquisition on May 13, 2014, Alamo Group amended its revolving credit facility and increased its line of credit from $100 million to $250 million. Alamo Group financed the Acquisition through $190 million of new borrowings under the amended credit facility.
	The Acquisition is being accounted for in accordance with ASC Topic 805 Business Combinations (“ASC Topic 805”).  Accordingly, the total purchase price has been allocated on a preliminary basis to assets acquired and liabilities assumed in connection with the Acquisition based on their estimated fair values as of the completion of the Acquisition.  These allocations reflect various provisional estimates that were available at the time and are subject to change during the measurement period as valuations are finalized.
	The primary reason for the Specialized acquisition was to broaden the Company's existing equipment lines. This acquisition broadens our product offering and enhances our market position both in vacuum trucks and snow removal equipment.
	The following table summarizes the provisional amounts recognized for assets acquired and liabilities assumed as of the closing date. A single estimate of fair value results from a complex series of judgments about future events and uncertainties and relies heavily on estimates and assumptions. The Company’s judgments used to determine the estimated fair value assigned to each class of assets acquired and liabilities assumed, as well as asset lives, can materially impact the Company’s results of operations. Certain estimated values are not yet finalized and are subject to change, which could be significant. The Company will finalize the amounts once the necessary information is obtained and the analysis is complete. The Company expects to finalize these amounts as soon as possible but no later than one year from the acquisition date. The following are the estimated fair value of the assets acquired and liabilities assumed as of the Acquisition date (in thousands):
	Cash	$	2,025
	Accounts receivable	16,417
	Inventory	46,490
	Prepaid expenses	3,223
	Deferred income tax assets	1,106
	Rental equipment	27,923
	Property, plant & equipment	12,886
	Intangible assets	57,457
	Other assets	675
	Deferred income tax liabilities	(3,863		)
	Other liabilities assumed	(10,765		)
	Net assets assumed	153,574
	Goodwill	39,383
	Preliminary Purchase Price	$	192,957
	Under ASC Topic 805-10, acquisition related costs (i.e., advisory, legal, valuation and other professional fees) are not included as a component of consideration transferred, but are accounted for as expenses in the periods in which the costs are incurred. The Company incurred $1.8 million of acquisition related costs, which have been recorded in Selling, general and administrative expenses on the interim condensed consolidated statement of income. The Company will incur integration expenses during 2014 and 2015 relating to manufacturing process changes and computer conversion. They are expected to be immaterial.
	This allocation resulted in goodwill of approximately $39.4 million, all of which has been assigned to the Company's Industrial reporting segment. The recognized goodwill is primarily attributable to expected synergies in both the vacuum truck and snow removal product lines. The Company expects to finalize the fair value measurement of acquired assets and assumed liabilities by the end of 2014.
	In the period between the Closing Date and September 30, 2014, the Specialized business units generated approximately $61.1 million of net sales and $4.1 million of net income. The Company has included the operating results of Specialized in its interim condensed consolidated financial statements since the Closing Date.
	The following table presents the unaudited pro forma combined results of operations of the Company and the acquired business units of Specialized for the three and nine months ended September 30, 2014 and 2013, after giving effect to certain pro forma adjustments including: (i) recognition of the costs related to the step-up in fair value of the Specialized inventory, (ii) amortization of acquired intangible assets, (iii) the impact of certain fair value adjustments such as depreciation on the acquired rental equipment and property, plant and equipment, and (iv) interest expense for historical long-term debt of Specialized that was repaid and interest expense on additional borrowings by the Company to fund the acquisition. The unaudited pro forma statement of income of the Company assuming this transaction occurred at January 1, 2013 is as follows:
		Three Months Ended					Nine Months Ended
		September 30,					September 30,
	(In thousands, except per share amounts)	2014			2013		2014		2013
	Net Sales	$	233,175		$	205,071	$	658,657	$	610,180
	Net Income	$	13,367		$	12,081	$	31,224	$	31,282
	Diluted Earnings per Share	$	1.1		$	0.99	$	2.55	$	2.56
	The unaudited pro forma financial information is presented for informational purposes only and is not intended to represent or be indicative of the consolidated results of operations of the Company that would have been reported had the acquisition been completed as of the beginning of the periods presented, and should not be taken as being representative of the future consolidated results of operations of the Company.
	Other Acquisitions
	The Company also completed two smaller acquisitions during the second quarter of 2014. Kellands Agricultural Ltd. was acquired on April 2, 2014 and Fieldquip Australia PTY LTD was acquired on April 7, 2014. Both acquisitions were on a debt free basis and subject to certain post-closing adjustments with total consideration of $6,204,000.
	These acquisitions are being accounted for in accordance with ASC Topic 805.  Accordingly, the total purchase price has been allocated on a preliminary basis to assets acquired and liabilities assumed based on their estimated fair values as of the completion of the acquisitions.  These allocations reflect various provisional estimates that were available at the time and are subject to change during the purchase price allocation period as valuations are finalized.
	The primary reason for the Kellands acquisition was to increase the Company's presence in the manufacturing and distribution of agricultural machinery in the UK. This acquisition broadens our product offering and allows the Company to enter the self-propelled sprayer market.
	The primary reason for the Fieldquip acquisition was to broaden the Company's presence in the manufacturing and distribution of agricultural machinery in Australia.

Stock_Repurchase

Stock Repurchase	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Shares Repurchased	'
	Shares Repurchased
	On September 24, 2014, Alamo Group Inc. entered into a Share Repurchase Agreement with Capital Southwest Corporation and Capital Southwest Venture Corporation (“Capital Southwest”). Pursuant to the Repurchase Agreement, the Company repurchased 849,690 shares of the Company’s common stock owned by Capital Southwest at a purchase price of $40.255 per share . The closing price of the Company’s common stock on the New York Stock Exchange on September 24, 2014 was $41.50 per share. The Company financed the repurchase through borrowings under its revolving credit facility. The Company completed the closing on September 25, 2014 and subsequently retired all 849,690 shares.
	The following table reflects the changes in common stock issued and outstanding for the nine months ended September 30, 2014:
	(shares)
	Balance as of December 31, 2013	12,070,509
	Exercise of stock options	23,231
	Retirement of shares	(849,690	)
	Balance as of September 30, 2014	11,244,050

Accounts_Receivable

Accounts Receivable	9 Months Ended
	Sep. 30, 2014
Receivables [Abstract]	'
Accounts Receivable	'
	Accounts Receivable
	Accounts receivable is shown net of the allowance for doubtful accounts of $2,841,000 and $2,738,000 at September 30, 2014 and December 31, 2013, respectively.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Inventories	'
	Inventories
	Inventories valued at LIFO cost represented 37% and 55% of total inventory at September 30, 2014 and December 31, 2013, respectively.  The excess of current cost over LIFO valued inventories was $9,483,000 at September 30, 2014 and December 31, 2013.  Inventory obsolescence reserves were $8,419,000 at September 30, 2014 and $8,596,000 at December 31, 2013.  The decrease in reserve for obsolescence resulted from the Company's quarterly review in the normal course of business.  The inventory acquired from Specialized, Kellands and Fieldquip were recorded at their preliminary estimated fair value and obsolescence reserves will be recorded prospectively. Net inventories consist of the following:
		September 30,			December 31,
	(in thousands)	2014			2013
	Finished goods		$	123,878		$	84,548
	Work in process		19,512			9,906
	Raw materials		40,407			14,650
			$	183,797		$	109,104
	An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time.  Accordingly, interim LIFO must necessarily be based, to some extent, on management's estimates at each quarter end.

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurements	'
	Fair Value Measurements
	ASC Subtopic 820-10 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants.  There is a three-tier fair value hierarchy based upon the observability of inputs used in valuation techniques.  Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed market assumptions.  Fair value measurements are classified under the following hierarchy:
	Level 1 – Quoted prices for identical instruments in active markets.
	Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs or significant value-drivers are observable in active markets.
	Level 3 – Model-derived valuations in which one or more significant inputs or significant value-drivers are unobservable
	When available, the Company uses quoted market prices to determine fair value, and the Company classifies such measurements within Level 1.  In some cases where market prices are not available, the Company makes use of observable market based inputs to calculate fair value, in which case the measurements are classified within Level 2.  If quoted or observable market prices are not available, fair value is based upon internally developed models that use, where possible, current market-based parameters such as interest rates, yield curves, currency rates, etc.  These measurements are classified within Level 3.
	Fair value measurements are classified to the lowest level input or value-driver that is significant to the valuation.  A measurement may therefore be classified within Level 3 even though there may be significant inputs that are readily observable.  The Company does not currently have any assets or liabilities recorded at fair value on a recurring basis. Fair value measurements are also used in connection with nonrecurring valuations performed in connection with impairment assessments and acquisition accounting.  As we complete the analyses of the fair values of certain of the acquired assets in the current year acquisitions, discounted cash flow models will be used, which will be principally based upon internal assumptions. In valuing certain of the acquired intangible assets we  will use an excess earnings methodology, which is a form of a discounted cash flow analysis. Tangible assets are typically valued using a replacement or reproduction cost approach, considering factors such as current prices of the same or similar equipment, the age of the equipment and economic obsolescence. The implied value of goodwill is determined by allocating the acquisition cost to all of the assets and liabilities of the acquired entity, with the residual amount allocated to goodwill. All of our nonrecurring valuations use significant unobservable inputs and therefore fall under Level 3 of the fair value hierarchy.

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill	'
	Goodwill
	The following is the summary of changes to the Company's Goodwill for the nine months ended September 30, 2014, with estimated amounts for the acquisitions made during the second quarter of 2014:
	(in thousands)
	Balance at December 31, 2013	$	32,073
	Goodwill acquired	41,403
	Translation adjustments	(1,480		)
	Balance at September 30, 2014	$	71,996

Definite_and_Indefinite_Lived_

Definite and Indefinite Lived Intangible Assets	9 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Definite and Indefinite Lived Intangible Assets	'
	Definite and Indefinite Lived Intangible Assets
	The Company has estimated the value of the definite lived assets related to the acquisitions made during the second quarter of 2014. The following is a summary of the Company's definite and indefinite lived intangible assets net of the accumulated amortization:
	(in thousands)	Estimated Useful Lives	September 30,			December 31, 2013
			2014
	Definite:
	Trade names and trademarks	25 years		$	16,958		—
	Customer and dealer relationships	17 years		33,917			—
	Patents and drawings	12 years		5,653			—
	Total Definite			56,528			—
	Indefinite:
	Trade names and trademarks			5,500			5,500
	Total Intangible Assets			$	62,028		$	5,500
	As of September 30, 2014, the related accumulated amortization balance was $203,000 for trade names and trademarks, $405,000 for customer and dealer relationships, and $68,000 for Patents and drawings.

Debt

Debt	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Debt	'
	Debt
	Effective May 12, 2014, the Company amended its revolving credit facility and increased its line of credit from $100 million to $250 million to accommodate the acquisition of Specialized and meet the ongoing needs of the combined entities.
	The Company maintains a revolving credit facility with certain lenders under its Amended and Restated Revolving Credit Agreement. The aggregate commitments from lenders under such revolving credit facility is $250,000,000 and, subject to certain conditions, the Company has the option to request an increase in aggregate commitments of up to an additional $50,000,000. The revolving credit agreement requires us to maintain various financial covenants including a minimum EBIT to interest expense ratio, a maximum leverage ratio and a minimum asset coverage ratio. The agreement also contains various covenants relating to limitations on indebtedness, limitations on investments and acquisitions, limitations on sale of properties and limitations on liens and capital expenditures. The revolving credit agreement also contains other customary covenants, representations and events of defaults. As of September 30, 2014, the Company was in compliance with the covenants under the revolving credit facility. The termination date of the revolving credit facility is May 12, 2019. As of September 30, 2014, $190,000,000 was outstanding under the revolving credit facility. On September 30, 2014, $685,000 of the revolver capacity was committed to irrevocable standby letters of credit issued in the ordinary course of business as required by vendors' contracts, resulting in $59,315,000 in available borrowings.
		September 30,			December 31,
	(in thousands)	2014			2013
	Current Maturities:
	Capital lease obligations		$	96		$	112
	Other notes payable		756			308
			852			420
	Long-term debt:
	Bank revolving credit facility		190,000			—
	Capital lease obligations		—			8
	Other notes payable		5			—
			190,005			8
	Total debt		$	190,857		$	428

Common_Stock_and_Dividends

Common Stock and Dividends	9 Months Ended
	Sep. 30, 2014
Stockholders' Equity Note [Abstract]	'
Common Stock and Dividends	'
	Common Stock and Dividends
	Dividends declared and paid on a per share basis were as follows:
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
	Dividends declared	$	0.07	$	0.07	$	0.21	$	0.21
	Dividends paid	$	0.07	$	0.07	$	0.21	$	0.21
	On October 2, 2014, the Company announced that its Board of Directors had declared a quarterly cash dividend of $0.07 per share, payable October 30, 2014, to shareholders of record at the close of business on October 16, 2014.

StockBased_Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Stock-Based Compensation	'
	Stock-Based Compensation
	The Company has granted options to purchase its common stock and or stock grants to certain employees and directors of the Company and its affiliates under various stock option plans at no less than the fair market value of the underlying stock on the date of grant.  These options are granted for a term not exceeding ten years and are forfeited in the event the employee or director terminates his or her employment or relationship with the Company or one of its affiliates other than by retirement or death.  These options generally vest over five years.  All option plans contain anti-dilutive provisions that permit an adjustment of the number of shares of the Company’s common stock represented by each option for any change in capitalization.
	The Company’s stock-based compensation expense was $141,000 and $501,000 for the three months ended September 30, 2014 and 2013, respectively and $1,801,000 and $1,146,000 for the nine months ended September 30, 2014 and 2013, respectively. The increase of stock-based compensation expense in 2014 is primarily related to the accelerated vesting of awards to retirement eligible recipients.
	Qualified Options
	Following is a summary of activity in the Incentive Stock Option Plans for the period indicated:
	For nine months ended September 30, 2014
		Shares
	Outstanding at beginning of year	292,350
	Granted	38,250
	Exercised	(12,700	)
	Canceled	(8,300	)
	Outstanding at September 30, 2014	309,600
	Exercisable at September 30, 2014	188,050
	Available for grant at September 30, 2014	36,150
	Non-qualified Options
	Following is a summary of activity in the Non-Qualified Stock Option Plans for the period indicated:
	For nine months ended September 30, 2014
		Shares
	Outstanding at beginning of year	114,700
	Granted	29,000
	Exercised	(6,600	)
	Canceled	—
	Outstanding at September 30, 2014	137,100
	Exercisable at September 30, 2014	76,100
	Available for grant at September 30, 2014	258,526
	Restricted Stock
	Following is a summary of activity in the Restricted Stock for the periods indicated:
	For nine months ended September 30, 2014
		Shares
	Outstanding at beginning of year	10,724
	Granted	6,000
	Vested	(4,681	)
	Forfeited or Canceled	—
	Outstanding at September 30, 2014	12,043

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	Earnings Per Share
	The following table sets forth the reconciliation from basic to diluted average common shares and the calculations of net income per common share.  Net income for basic and diluted calculations do not differ.
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
	(In thousands, except per share)	2014		2013		2014		2013
	Net Income	$	13,367	$	11,333	$	29,800	$	30,070
	Average Common Shares:
	Basic (weighted-average outstanding shares)	12,050		12,069		12,077		12,040
	Dilutive potential common shares from stock options	156		160		174		156
	Diluted (weighted-average outstanding shares)	12,206		12,229		12,251		12,196
	Basic earnings per share	$	1.11	$	0.94	$	2.47	$	2.5
	Diluted earnings per share	$	1.1	$	0.93	$	2.43	$	2.47
	Stock option totaling 66,750 and zero shares for the three months ended September 30, 2014 and 2013, respectively and 22,250 and 15,118 for the nine months ended September 30, 2014 and 2013, respectively, were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive.

Segment_Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Segment Reporting	'
	Segment Reporting
	At September 30, 2014 the following includes a summary of the unaudited financial information by reporting segment:
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
	(in thousands)	2014		2013		2014		2013
	Net Sales
	Industrial	$	125,952	$	71,890	$	308,348	$	218,863
	Agricultural	57,668		61,157		160,144		168,048
	European	49,555		41,691		142,286		124,320
	Consolidated	$	233,175	$	174,738	$	610,778	$	511,231
	Income from Operations
	Industrial	$	12,201	$	6,489	$	28,629	$	20,030
	Agricultural	4,594		6,250		9,384		16,261
	European	4,731		2,587		8,940		6,335
	Consolidated	$	21,526	$	15,326	$	46,953	$	42,626
	(in thousands)	September 30, 2014		December 31, 2013
	Goodwill
	Industrial	$	52,382	$	13,176
	Agricultural	743		—
	European	18,871		18,897
	Consolidated	$	71,996	$	32,073
	Total Identifiable Assets
	Industrial	$	376,852	$	161,080
	Agricultural	116,361		123,352
	European	161,127		154,044
	Consolidated	$	654,340	$	438,476
	The 2014 acquisitions are reflected in the above segment reporting. Business units of Specialized are in the Industrial segment, Fieldquip and Superior are in the Agricultural segment and Kellands is in the European segment.

OffBalance_Sheet_Arrangements

Off-Balance Sheet Arrangements	9 Months Ended
	Sep. 30, 2014
Off Balance Sheet Arrangements [Abstract]	'
Off Balance Sheet Arrangements	'
	Off-Balance Sheet Arrangements
	The Company does not have any obligation under any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the Company is party, that has or is reasonably likely to have a material effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

Contingent_Matters

Contingent Matters	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Contingent Matters	'
	Contingent Matters
	Like other manufacturers, the Company is subject to a broad range of federal, state, local and foreign laws and requirements, including those concerning air emissions, discharges into waterways, and the generation, handling, storage, transportation, treatment and disposal of hazardous substances and waste materials, as well as the remediation of contamination associated with releases of hazardous substances at the Company’s facilities and offsite disposal locations, workplace safety and equal employment opportunities. These laws and regulations are constantly changing, and it is impossible to predict with accuracy the effect that changes to such laws and regulations may have on the Company in the future. Like other industrial concerns, the Company’s manufacturing operations entail the risk of noncompliance, and there can be no assurance that the Company will not incur material costs or other liabilities as a result thereof.
	The Company knows that its Indianola, Iowa property is contaminated with chromium which most likely resulted from chrome plating operations which were discontinued before the Company purchased the property. Chlorinated volatile organic compounds have also been detected in water samples on the property, though the source is unknown at this time. The Company voluntarily worked with an environmental consultant and the state of Iowa with respect to these issues and believes it completed its remediation program in June 2006. The work was accomplished within the Company’s environmental liability reserve balance. We requested a “no further action” classification from the state. We received a conditional “no further action” letter in January of 2009. When we demonstrate stable or improving conditions below residential standards for a certain period of time by monitoring existing wells, we will request an unconditional “no further action” letter.
	The Company knows that Bush Hog’s main manufacturing property in Selma, Alabama was contaminated with chlorinated volatile organic compounds which most likely resulted from painting and cleaning operations during the 1960s and 1970s. The contaminated areas were primarily in the location of underground storage tanks and underneath the former waste storage area. Bush Hog’s prior owner agreed to and has removed the underground storage tanks at its cost and has remediated the identified contamination in accordance with the regulations of the Alabama Department of Environmental Management. An environmental consulting firm was retained by the prior owner to administer the cleanup and monitor the site on an ongoing basis until the remediation program is complete and approved by the applicable authorities.
	In December of 2012, a federal district court jury in Louisiana found that Gradall was unjustly enriched in the amount of $1,000,000 plus interest when it sold several telescopic fire apparatuses after properly terminating what the jury determined to be an enforceable contract with the plaintiff, a fire truck manufacturer. Gradall appealed the decision and reserved the full amount. In September of 2014, the case was overturned by the Fifth Circuit Court of Appeals which found in Gradall's favor. The plaintiff's final option would be to appeal to the U.S. Supreme Court.
	Alamo Group Inc.  and Bush Hog, Inc. were added as defendants in 2013 to ongoing litigation by Deere & Company as plaintiff against Bush Hog, LLC (now Duroc, LLC) and Great Plains Manufacturing Incorporated, in which Deere alleged infringement of a mower-related patent. The jury concluded in December 2013 that not only did the defendants not infringe the patent, but that the patent was invalid as well. The Company expensed $2,100,000 in legal fees related to this lawsuit in 2013. Deere & Company has appealed and is requesting a new trial.
	Certain assets of the Company contain asbestos that may have to be remediated over time. The Company believes that any subsequent change in the liability associated with the asbestos removal will not have a material adverse effect on the Company’s consolidated financial position or results of operations.
	The Company is subject to various other federal, state, and local laws affecting its business, as well as a variety of regulations relating to such matters as working conditions, equal employment opportunities, and product safety. A variety of state laws regulate the Company’s contractual relationships with its dealers, some of which impose restrictive standards on the relationship between the Company and its dealers, including events of default, grounds for termination, non-renewal of dealer contracts, and equipment repurchase requirements. The Company believes it is currently in material compliance with all such applicable laws and regulations.

Retirement_Benefit_Plans

Retirement Benefit Plans	9 Months Ended
	Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]	'
Retirement Benefit Plans	'
	Retirement Benefit Plans
	Defined Benefit Plan
	In connection with the February 3, 2006 purchase of all the net assets of the Gradall excavator business, Alamo Group Inc. assumed sponsorship of two Gradall non-contributory defined benefit pension plans, both of which were frozen with respect to both future benefit accruals and future new entrants.
	The Gradall Company Hourly Employees’ Pension Plan covers approximately 333 former employees and 125 current employees who (i) were formerly employed by the former parent of Gradall, (ii) were covered by a collective bargaining agreement and (iii) first participated in the plan before April 6, 1997.  An amendment ceasing all future benefit accruals was effective April 6, 1997.
	The Gradall Company Employees’ Retirement Plan covers approximately 239 former employees and 83 current employees who (i) were formerly employed by the former parent of Gradall, (ii) were not covered by a collective bargaining agreement and (iii) first participated in the plan before December 31, 2004. An amendment ceasing future benefit accruals for certain participants was effective December 31, 2004.  A second amendment discontinued all future benefit accruals for all participants effective April 24, 2006.
	The following tables present the components of net periodic benefit cost (gains are denoted with parentheses and losses are not):
		Nine Months Ended September 30, 2014
		Hourly Employees’				Employees’				Total
	(in thousands)	Pension Plan				Retirement Plan
	Service cost		$	6			$	3		$	9
	Interest cost		315				639			954
	Expected return on plan assets		(477		)		(885		)	(1,362		)
	Amortization of prior service cost		—				—			—
	Amortization of net (gain)/loss		54				45			99
	Net periodic benefit cost		$	(102	)		$	(198	)	$	(300	)
		Nine Months Ended September 30, 2013
		Hourly Employees’				Employees’				Total
	(in thousands)	Pension Plan				Retirement Plan
	Service cost		$	8			$	3		$	11
	Interest cost		278				570			848
	Expected return on plan assets		(412		)		(763		)	(1,175		)
	Amortization of prior service cost		—				—			—
	Amortization of net (gain)/loss		214				314			528
	Net periodic benefit cost		$	88			$	124		$	212
	The Company amortizes pension expense evenly over four quarters. Pension income was $100,000 for the three months ended September 30, 2014 and net pension expense for the three months ended September 30, 2013 was $71,000. Pension income for the nine months ended September 30, 2014 was $300,000 and pension expense for the nine month ending September 30, 2013 was $212,000. The Company is required to contribute $1,199,000 to the pension plans for 2014, of which $875,000 has been paid through September 30, 2014.
	Supplemental Retirement Plan
	The Board of Directors of the Company adopted the Alamo Group Inc. Supplemental Executive Retirement Plan (the “SERP”), effective as of January 3, 2011.  The SERP will benefit certain key management or other highly compensated employees of the Company and/or certain subsidiaries who are selected by the Compensation Committee and approved by the Board to participate.
	The SERP is intended to provide a benefit from the Company upon retirement, death or disability, or a change in control of the Company.  Accordingly, the SERP obligates the Company to pay to a participant a Retirement Benefit (as defined in the SERP) upon the occurrence of certain payment events to the extent a participant has a vested right thereto.  A participant’s right to his or her Retirement Benefit becomes vested in the Company’s contributions upon ten years of Credited Service (as defined in the SERP) or a change in control of the Company.  The Retirement Benefit is based on 20% of the final three year average salary of each participant on or after his or her normal retirement age (65 years of age).  In the event of the participant’s death or a change in control, the participant’s vested retirement benefit will be paid in a lump sum to the participant or his or her estate, as applicable, within 90 days after the participant’s death or a change in control, as applicable.  In the event the participant is entitled to a benefit from the SERP due to disability, retirement or other termination of employment, the benefit will be paid in monthly installments over a period of fifteen years.
	The Company records amounts relating to the SERP based on calculations that incorporate various actuarial and other assumptions, including discount rates, rate of compensation increases, retirement dates and life expectancies.  The net periodic costs are recognized as employees render the services necessary to earn the SERP benefits.
	The net period expense for the three months ended September 30, 2014 and 2013 was $140,000 and $136,000, respectively and $420,000 and $407,000 for the nine months ended September 30, 2014 and 2013, respectively.

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Income Taxes
	We are subject to U.S. federal income tax and various state, local, and international income taxes in numerous jurisdictions. Our domestic and international tax liabilities are subject to the allocation of revenue and expenses in different jurisdictions and the timing of recognizing revenue and expenses. Additionally, the amount of income taxes paid is subject to our interpretation of applicable tax laws in the jurisdictions in which we file.
	We currently file income tax returns in the U.S., Canada, UK, France and Australia in which we have entities, and are periodically audited by federal, state, and international tax authorities. These audits can involve complex matters that may require an extended period of time for resolution. There are no income tax examinations currently in process.
	Although the outcome of future tax audits is uncertain, in management’s opinion, adequate provisions for income taxes have been made. If actual outcomes differ materially from these estimates, they could have a material impact on our financial condition and results of operations. Differences between actual results and assumptions, or changes in assumptions in future periods are recorded in the period they become known. To the extent additional information becomes available prior to resolution; such accruals are adjusted to reflect probable outcomes. Our effective tax rate is impacted by earnings being realized in countries which have lower statutory rates.
	On January 2, 2013, the American Taxpayer Relief Act of 2012 (Act) was enacted. The Act provides tax relief for businesses by reinstating certain tax benefits retroactively to January 1, 2012. There are several provisions of the Act that impact the Company, most notably the extension of the Research and Development credit. Income tax accounting rules require tax law changes to be recognized in the period of enactment; as such, the associated tax benefits of the Act was recognized in the amount of $350,000 and was reflected in the Company's provision for income taxes in the first quarter of 2013. Research and Development tax credits have not yet been approved by the U.S. federal government for 2014.

Accounting_Policies_Policies

Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Rental Equipment	'
	Rental Equipment
	The Company enters into lease agreements with customers related to the rental of certain equipment. All of these leasing agreements are classified as operating leases, and are for periods not to exceed two years. In accounting for these leases, the cost of the equipment purchased or manufactured by the Company is recorded as an asset, and is depreciated over its estimated useful life. Accumulated depreciation relating to the rental equipment was $1,895,000 as of September 30, 2014. The rental income is recognized ratably over the term of the leases.

Acquisitions_and_Investments_T

Acquisitions and Investments (Tables) (Specialized Industries LP)	9 Months Ended
	Sep. 30, 2014
Specialized Industries LP	'
Business Acquisition [Line Items]	'
Schedule of Business Acquisitions, by Acquisition	'
	The following are the estimated fair value of the assets acquired and liabilities assumed as of the Acquisition date (in thousands):
	Cash	$	2,025
	Accounts receivable	16,417
	Inventory	46,490
	Prepaid expenses	3,223
	Deferred income tax assets	1,106
	Rental equipment	27,923
	Property, plant & equipment	12,886
	Intangible assets	57,457
	Other assets	675
	Deferred income tax liabilities	(3,863		)
	Other liabilities assumed	(10,765		)
	Net assets assumed	153,574
	Goodwill	39,383
	Preliminary Purchase Price	$	192,957
Business Acquisition, Pro Forma Information	'
	The following table presents the unaudited pro forma combined results of operations of the Company and the acquired business units of Specialized for the three and nine months ended September 30, 2014 and 2013, after giving effect to certain pro forma adjustments including: (i) recognition of the costs related to the step-up in fair value of the Specialized inventory, (ii) amortization of acquired intangible assets, (iii) the impact of certain fair value adjustments such as depreciation on the acquired rental equipment and property, plant and equipment, and (iv) interest expense for historical long-term debt of Specialized that was repaid and interest expense on additional borrowings by the Company to fund the acquisition. The unaudited pro forma statement of income of the Company assuming this transaction occurred at January 1, 2013 is as follows:
		Three Months Ended					Nine Months Ended
		September 30,					September 30,
	(In thousands, except per share amounts)	2014			2013		2014		2013
	Net Sales	$	233,175		$	205,071	$	658,657	$	610,180
	Net Income	$	13,367		$	12,081	$	31,224	$	31,282
	Diluted Earnings per Share	$	1.1		$	0.99	$	2.55	$	2.56

Stock_Repurchase_Tables

Stock Repurchase (Tables)	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Schedule of Common Stock Outstanding Roll Forward	'
	The following table reflects the changes in common stock issued and outstanding for the nine months ended September 30, 2014:
	(shares)
	Balance as of December 31, 2013	12,070,509
	Exercise of stock options	23,231
	Retirement of shares	(849,690	)
	Balance as of September 30, 2014	11,244,050

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Schedule of Inventory, Current	'
	Net inventories consist of the following:
		September 30,			December 31,
	(in thousands)	2014			2013
	Finished goods		$	123,878		$	84,548
	Work in process		19,512			9,906
	Raw materials		40,407			14,650
			$	183,797		$	109,104

Goodwill_Tables

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule of Goodwill	'
	The following is the summary of changes to the Company's Goodwill for the nine months ended September 30, 2014, with estimated amounts for the acquisitions made during the second quarter of 2014:
	(in thousands)
	Balance at December 31, 2013	$	32,073
	Goodwill acquired	41,403
	Translation adjustments	(1,480		)
	Balance at September 30, 2014	$	71,996

Definite_and_Indefinite_Lived_1

Definite and Indefinite Lived Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination	'
	The following is a summary of the Company's definite and indefinite lived intangible assets net of the accumulated amortization:
	(in thousands)	Estimated Useful Lives	September 30,			December 31, 2013
			2014
	Definite:
	Trade names and trademarks	25 years		$	16,958		—
	Customer and dealer relationships	17 years		33,917			—
	Patents and drawings	12 years		5,653			—
	Total Definite			56,528			—
	Indefinite:
	Trade names and trademarks			5,500			5,500
	Total Intangible Assets			$	62,028		$	5,500

Long_Term_Debt_Tables

Long Term Debt (Tables)	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt Instruments	'
		September 30,			December 31,
	(in thousands)	2014			2013
	Current Maturities:
	Capital lease obligations		$	96		$	112
	Other notes payable		756			308
			852			420
	Long-term debt:
	Bank revolving credit facility		190,000			—
	Capital lease obligations		—			8
	Other notes payable		5			—
			190,005			8
	Total debt		$	190,857		$	428

Common_Stock_and_Dividends_Tab

Common Stock and Dividends (Tables)	9 Months Ended
	Sep. 30, 2014
Stockholders' Equity Note [Abstract]	'
Schedule of Dividends Declared And Paid	'
	Dividends declared and paid on a per share basis were as follows:
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
	Dividends declared	$	0.07	$	0.07	$	0.21	$	0.21
	Dividends paid	$	0.07	$	0.07	$	0.21	$	0.21

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	'
	Following is a summary of activity in the Restricted Stock for the periods indicated:
	For nine months ended September 30, 2014
		Shares
	Outstanding at beginning of year	10,724
	Granted	6,000
	Vested	(4,681	)
	Forfeited or Canceled	—
	Outstanding at September 30, 2014	12,043
Qualified Stock Options	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Schedule of Share-based Compensation, Stock Options, Activity	'
	Following is a summary of activity in the Incentive Stock Option Plans for the period indicated:
	For nine months ended September 30, 2014
		Shares
	Outstanding at beginning of year	292,350
	Granted	38,250
	Exercised	(12,700	)
	Canceled	(8,300	)
	Outstanding at September 30, 2014	309,600
	Exercisable at September 30, 2014	188,050
	Available for grant at September 30, 2014	36,150
Non Qualified Options	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Schedule of Share-based Compensation, Stock Options, Activity	'
	Following is a summary of activity in the Non-Qualified Stock Option Plans for the period indicated:
	For nine months ended September 30, 2014
		Shares
	Outstanding at beginning of year	114,700
	Granted	29,000
	Exercised	(6,600	)
	Canceled	—
	Outstanding at September 30, 2014	137,100
	Exercisable at September 30, 2014	76,100
	Available for grant at September 30, 2014	258,526

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted	'
	The following table sets forth the reconciliation from basic to diluted average common shares and the calculations of net income per common share.  Net income for basic and diluted calculations do not differ.
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
	(In thousands, except per share)	2014		2013		2014		2013
	Net Income	$	13,367	$	11,333	$	29,800	$	30,070
	Average Common Shares:
	Basic (weighted-average outstanding shares)	12,050		12,069		12,077		12,040
	Dilutive potential common shares from stock options	156		160		174		156
	Diluted (weighted-average outstanding shares)	12,206		12,229		12,251		12,196
	Basic earnings per share	$	1.11	$	0.94	$	2.47	$	2.5
	Diluted earnings per share	$	1.1	$	0.93	$	2.43	$	2.47

Segment_Reporting_Tables

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment	'
	At September 30, 2014 the following includes a summary of the unaudited financial information by reporting segment:
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
	(in thousands)	2014		2013		2014		2013
	Net Sales
	Industrial	$	125,952	$	71,890	$	308,348	$	218,863
	Agricultural	57,668		61,157		160,144		168,048
	European	49,555		41,691		142,286		124,320
	Consolidated	$	233,175	$	174,738	$	610,778	$	511,231
	Income from Operations
	Industrial	$	12,201	$	6,489	$	28,629	$	20,030
	Agricultural	4,594		6,250		9,384		16,261
	European	4,731		2,587		8,940		6,335
	Consolidated	$	21,526	$	15,326	$	46,953	$	42,626
	(in thousands)	September 30, 2014		December 31, 2013
	Goodwill
	Industrial	$	52,382	$	13,176
	Agricultural	743		—
	European	18,871		18,897
	Consolidated	$	71,996	$	32,073
	Total Identifiable Assets
	Industrial	$	376,852	$	161,080
	Agricultural	116,361		123,352
	European	161,127		154,044
	Consolidated	$	654,340	$	438,476

Retirement_Benefit_Plans_Table

Retirement Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]	'
Schedule of Net Benefit Cost	'
	The following tables present the components of net periodic benefit cost (gains are denoted with parentheses and losses are not):
		Nine Months Ended September 30, 2014
		Hourly Employees’				Employees’				Total
	(in thousands)	Pension Plan				Retirement Plan
	Service cost		$	6			$	3		$	9
	Interest cost		315				639			954
	Expected return on plan assets		(477		)		(885		)	(1,362		)
	Amortization of prior service cost		—				—			—
	Amortization of net (gain)/loss		54				45			99
	Net periodic benefit cost		$	(102	)		$	(198	)	$	(300	)
		Nine Months Ended September 30, 2013
		Hourly Employees’				Employees’				Total
	(in thousands)	Pension Plan				Retirement Plan
	Service cost		$	8			$	3		$	11
	Interest cost		278				570			848
	Expected return on plan assets		(412		)		(763		)	(1,175		)
	Amortization of prior service cost		—				—			—
	Amortization of net (gain)/loss		214				314			528
	Net periodic benefit cost		$	88			$	124		$	212

Accounting_Policies_Narrative_

Accounting Policies (Narrative) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014
In Thousands, unless otherwise specified			Maximum	Rental equipment
Property Subject to or Available for Operating Lease [Line Items]	'	'	'	'
Period of lease agreements	'	'	'2 years	'
Accumulated depreciation related to rental equipment	$100,655	$96,472	'	$1,895

Acquisitions_and_Investments_N

Acquisitions and Investments (Narrative) (Details) (USD $)

9 Months Ended

0 Months Ended

5 Months Ended

3 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

13-May-14

Sep. 30, 2014

13-May-14

13-May-14

13-May-14

12-May-14

Jun. 30, 2014

Industrial

Industrial

Specialized Industries LP

Specialized Industries LP

Specialized Industries LP

Specialized Industries LP

Specialized Industries LP

Specialized Industries LP

Smaller immaterial acquisitions

Industrial

Amended and Restated Revolving Credit Agreement

Amended and Restated Revolving Credit Agreement

Aquisition

Revolving Credit Facility

Revolving Credit Facility

Business Acquisition [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Total consideration for the purchase

'

'

'

'

'

$193,000,000

'

'

'

'

'

$6,204,000

Amount of line of credit

'

'

'

'

'

'

'

'

'

250,000,000

100,000,000

'

Borrowings on bank revolving credit facility

248,000,000

0

'

'

'

190,000,000

'

'

'

'

'

'

Acquisition related costs incurred

'

'

'

'

'

'

1,800,000

'

'

'

'

'

Goodwill

71,996,000

32,073,000

32,073,000

52,382,000

13,176,000

'

'

39,383,000

39,400,000

'

'

'

Net revenue generated since closing date

'

'

'

'

'

'

61,100,000

'

'

'

'

'

Net income generated since closing date

'

'

'

'

'

'

$4,100,000

'

'

'

'

'

Number of businesses acquired

'

'

'

'

'

'

'

'

'

'

'

2

Acquisitions_and_Investments_S

Acquisitions and Investments (Schedule of Assets Acquired and Liabilities Assumed) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	13-May-14
In Thousands, unless otherwise specified				Specialized Industries LP
Business Acquisition [Line Items]	'	'	'	'
Cash	'	'	'	$2,025
Accounts receivable	'	'	'	16,417
Inventory	'	'	'	46,490
Prepaid expenses	'	'	'	3,223
Deferred income tax assets	'	'	'	1,106
Rental equipment	'	'	'	27,923
Property, plant & equipment	'	'	'	12,886
Intangible assets	'	'	'	57,457
Other assets	'	'	'	675
Deferred income tax liabilities	'	'	'	-3,863
Other liabilities assumed	'	'	'	-10,765
Net assets assumed	'	'	'	153,574
Goodwill	71,996	32,073	32,073	39,383
Preliminary Purchase Price	'	'	'	$192,957

Acquisitions_and_Investments_S1

Acquisitions and Investments (Schedule of Unaudited Pro Forma Information) (Details) (Specialized Industries LP, USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Specialized Industries LP	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'
Net Sales	$233,175	$205,071	$658,657	$610,180
Net Income	$13,367	$12,081	$31,224	$31,282
Diluted Earnings per Share	$1.10	$0.99	$2.55	$2.56

Stock_Repurchase_Details

Stock Repurchase (Details) (USD $)	9 Months Ended	0 Months Ended
	Sep. 30, 2014	Sep. 25, 2014	Sep. 24, 2014	Sep. 24, 2014
		Share Repurchase Agreement with Capital Southwest Corporation and Capital Southwest Venture Corporation	Share Repurchase Agreement with Capital Southwest Corporation and Capital Southwest Venture Corporation	Share Repurchase Agreement with Capital Southwest Corporation and Capital Southwest Venture Corporation
Equity, Class of Treasury Stock [Line Items]	'	'	'	'
Number of shares repurchased owned by Capital Southwest	'	'	'	849,690
Purchase price per share	'	'	$40.26	'
Closing price of common stock	'	'	'	$41.50
Common Stock Issued and Outstanding [Roll Forward]	'	'	'	'
Balance (shares)	12,070,509	'	'	'
Exercise of stock options (shares)	23,231	'	'	'
Retirement of shares (shares)	-849,690	-849,690	'	'
Balance (shares)	11,244,050	'	'	'

Accounts_Receivable_Narrative_

Accounts Receivable (Narrative) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Receivables [Abstract]	'	'
Allowance for Doubtful Accounts Receivable	$2,841	$2,738

Inventories_Narrative_Details

Inventories (Narrative) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Inventory Disclosure [Abstract]	'	'
Percentage of LIFO inventory	37.00%	55.00%
Excess of current costs over stated LIFO value	$9,483	$9,483
Inventory obsolescence reserves	$8,419	$8,596

Inventories_Schedule_of_Invent

Inventories (Schedule of Inventory, Current) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Inventory Disclosure [Abstract]	'	'
Finished goods	$123,878	$84,548
Work in process	19,512	9,906
Raw materials	40,407	14,650
Inventory, Net	$183,797	$109,104

Goodwill_Details

Goodwill (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Goodwill [Roll Forward]	'	'
Balance at December 31, 2013	$32,073	$32,073
Goodwill acquired	41,403	'
Translation adjustments	-1,480	'
Balance at September 30, 2014	$71,996	$32,073

Definite_and_Indefinite_Lived_2

Definite and Indefinite Lived Intangible Assets (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Schedule of Acquired Indefinite-lived and Finite Intangible Assets by Major Class [Line Items]	'	'
Definite:	$56,528	$0
Total Intangible Assets	62,028	5,500
Trade names and trademarks	'	'
Schedule of Acquired Indefinite-lived and Finite Intangible Assets by Major Class [Line Items]	'	'
Indefinite:	5,500	5,500
Trade names and trademarks	'	'
Schedule of Acquired Indefinite-lived and Finite Intangible Assets by Major Class [Line Items]	'	'
Estimated Useful Lives	'25 years	'
Definite:	16,958	0
Accumulated amortization	203	'
Customer and dealer relationships	'	'
Schedule of Acquired Indefinite-lived and Finite Intangible Assets by Major Class [Line Items]	'	'
Estimated Useful Lives	'17 years	'
Definite:	33,917	0
Accumulated amortization	405	'
Patents and drawings	'	'
Schedule of Acquired Indefinite-lived and Finite Intangible Assets by Major Class [Line Items]	'	'
Estimated Useful Lives	'12 years	'
Definite:	5,653	0
Accumulated amortization	$68	'

Long_Term_Debt_Narrative_Detai

Long Term Debt (Narrative) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014	13-May-14	12-May-14
			Bank revolving credit facility	Standby Letters of Credit	Specialized Industries LP	Specialized Industries LP
			Amended and Restated Revolving Credit Agreement	Bank revolving credit facility	Revolving Credit Facility	Revolving Credit Facility
				Amended and Restated Revolving Credit Agreement	Amended and Restated Revolving Credit Agreement	Amended and Restated Revolving Credit Agreement
Debt Instrument [Line Items]	'	'	'	'	'	'
Amount of line of credit	'	'	'	'	$250,000,000	$100,000,000
Aggregate Commitments	'	'	250,000,000	'	'	'
Maximum amount of additional aggregate commitments (Up to $50,000,000)	'	'	50,000,000	'	'	'
Total debt	190,857,000	428,000	190,000,000	'	'	'
Amount of capacity	'	'	'	685,000	'	'
Available borrowings	'	'	$59,315,000	'	'	'

Long_Term_Debt_Schedule_of_Lon

Long Term Debt (Schedule of Long Term Debt) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
Current Maturities:	$852	$420
Long-term debt:	190,005	8
Total debt	190,857	428
Capital lease obligations	'	'
Debt Instrument [Line Items]	'	'
Current Maturities:	96	112
Long-term debt:	0	8
Other notes payable	'	'
Debt Instrument [Line Items]	'	'
Current Maturities:	756	308
Long-term debt:	5	0
Bank revolving credit facility | Amended and Restated Revolving Credit Agreement	'	'
Debt Instrument [Line Items]	'	'
Long-term debt:	190,000	0
Total debt	$190,000	'

Common_Stock_and_Dividends_Det

Common Stock and Dividends (Details) (USD $)	3 Months Ended		9 Months Ended		0 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Oct. 02, 2014
					Subsequent Event
Subsequent Event [Line Items]	'	'	'	'	'
Dividends declared (in dollars per share)	$0.07	$0.07	$0.21	$0.21	$0.07
Dividends paid (in dollars per share)	$0.07	$0.07	$0.21	$0.21	'

StockBased_Compensation_Narrat

Stock-Based Compensation (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'	'	'	'
Option term	'	'	'10 years	'
Award vesting period	'	'	'5 years	'
Stock-based compensation expense	$141	$501	$1,801	$1,146

StockBased_Compensation_Schedu

Stock-Based Compensation (Schedule of Qualified Stock Option Activity) (Details)	9 Months Ended
	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]	'
Exercised	-23,231
Qualified Stock Options	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]	'
Outstanding at beginning of year	292,350
Granted	38,250
Exercised	-12,700
Canceled	-8,300
Outstanding at September 30, 2014	309,600
Exercisable at September 30, 2014	188,050
Available for grant at September 30, 2014	36,150

StockBased_Compensation_Schedu1

Stock-Based Compensation (Schedule of Non-Qualified Stock Options Activity) (Details)	9 Months Ended
	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]	'
Exercised	-23,231
Non Qualified Options	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]	'
Outstanding at beginning of year	114,700
Granted	29,000
Exercised	-6,600
Canceled	0
Outstanding at September 30, 2014	137,100
Exercisable at September 30, 2014	76,100
Available for grant at September 30, 2014	258,526

StockBased_Compensation_Schedu2

Stock-Based Compensation (Schedule of Restricted Stock Award Activity) (Details) (Restricted Stock)	9 Months Ended
	Sep. 30, 2014
Restricted Stock	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]	'
Outstanding at beginning of year, Shares	10,724
Granted, Shares	6,000
Vested, Shares	-4,681
Forfeited or Cancelled, Shares	0
Outstanding at September 30, 2014, Shares	12,043

Earnings_Per_Share_Calculation

Earnings Per Share (Calculation of Basic and Diluted EPS) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'
Net income	$13,367	$11,333	$29,800	$30,070
Average Common Shares:	'	'	'	'
Basic (weighted-average outstanding shares)	12,050,000	12,069,000	12,077,000	12,040,000
Dilutive potential common shares from stock options, shares	156,000	160,000	174,000	156,000
Diluted (weighted-average outstanding shares)	12,206,000	12,229,000	12,251,000	12,196,000
Basic earnings per share (in dollars per share)	$1.11	$0.94	$2.47	$2.50
Diluted earnings per share (in dollars per share)	$1.10	$0.93	$2.43	$2.47
Stock options excluded from diluted earnings per share calculation because the effect would be anti-dilutive	66,750	0	22,250	15,118

Segment_Reporting_Details

Segment Reporting (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Segment Reporting Information [Line Items]	'	'	'	'	'
Net Sales	$233,175	$174,738	$610,778	$511,231	'
Income from Operations	21,526	15,326	46,953	42,626	'
Goodwill	71,996	32,073	71,996	32,073	32,073
Total Identifiable Assets	654,340	438,476	654,340	438,476	438,476
Industrial	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Net Sales	125,952	71,890	308,348	218,863	'
Income from Operations	12,201	6,489	28,629	20,030	'
Goodwill	52,382	13,176	52,382	13,176	'
Total Identifiable Assets	376,852	161,080	376,852	161,080	'
Agricultural	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Net Sales	57,668	61,157	160,144	168,048	'
Income from Operations	4,594	6,250	9,384	16,261	'
Goodwill	743	0	743	0	'
Total Identifiable Assets	116,361	123,352	116,361	123,352	'
European	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Net Sales	49,555	41,691	142,286	124,320	'
Income from Operations	4,731	2,587	8,940	6,335	'
Goodwill	18,871	18,897	18,871	18,897	'
Total Identifiable Assets	$161,127	$154,044	$161,127	$154,044	'

Contingent_Matters_Narrative_D

Contingent Matters (Narrative) (Details) (USD $)	12 Months Ended	1 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
	Deere and Company v Bush Hog LLC and Great Plains Manufacturing Inc	Unfavorable Litigation Action
Loss Contingencies [Line Items]	'	'
Amount of unjust enrichment	'	$1,000,000
Legal fees expensed	$2,100,000	'

Retirement_Benefit_Plans_Perio

Retirement Benefit Plans Periodic Benefit Cost (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Service cost	'	'	$9	$11
Interest cost	'	'	954	848
Expected return on plan assets	'	'	-1,362	-1,175
Amortization of prior service cost	'	'	0	0
Amortization of net (gain)/loss	'	'	99	528
Net periodic benefit cost	-100	71	-300	212
Gradall Company Hourly Employees Pension Plan	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Service cost	'	'	6	8
Interest cost	'	'	315	278
Expected return on plan assets	'	'	-477	-412
Amortization of prior service cost	'	'	0	0
Amortization of net (gain)/loss	'	'	54	214
Net periodic benefit cost	'	'	-102	88
Gradall Company Hourly Employees Retirement Plan	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Service cost	'	'	3	3
Interest cost	'	'	639	570
Expected return on plan assets	'	'	-885	-763
Amortization of prior service cost	'	'	0	0
Amortization of net (gain)/loss	'	'	45	314
Net periodic benefit cost	'	'	($198)	$124

Retirement_Benefit_Plans_Narra

Retirement Benefit Plans (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]	'	'	'	'
Pension expense	($100)	$71	($300)	$212
Required 2012 pension contributions	'	'	1,199	'
Current contributions	'	'	875	'
Supplemental Employee Retirement Plans, Defined Benefit	'	'	'	'
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]	'	'	'	'
Pension expense	$140	$136	$420	$407
Requisite service period	'	'	'10 years	'
Percentage of final 3 year average salary in which retirement benefit is based (percentage)	'	'	20.00%	'
Term of final average salary used to determine retirement benefit	'	'	'3 years	'
Retirement age	'	'	'65 years	'
Period after death or change in control benefit will be paid	'	'	'90 days	'
Maximum contractual term	'	'	'15 years	'
Gradall Company Hourly Employees Pension Plan	'	'	'	'
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]	'	'	'	'
Former employees covered by pension plan	'	'	333	'
Current employees covered in the Gradall Company Hourly Employees' Pension Plan who were formerly employed by former parent (Employees)	'	'	125	'
Gradall Company Hourly Employees Retirement Plan	'	'	'	'
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]	'	'	'	'
Former employees covered by pension plan	'	'	239	'
Current employees covered in the Gradall Company Hourly Employees' Pension Plan who were formerly employed by former parent (Employees)	'	'	83	'

Income_Taxes_Narrative_Details

Income Taxes (Narrative) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2013
Income Tax Disclosure [Abstract]	'
Tax benefit recognized from the American Taxpayer Relief Act of 2012	$350