XBRL Cloud: Business Report

Rendering

Component: (Network and Table)
Network	100270 - Disclosure - Description of Business, Basis of Consolidation, Basis of Presentation and Significant Accounting Policies (Tables) (http://www.american-vanguard.com/20161231/taxonomy/role/DisclosureDescriptionOfBusinessBasisOfConsolidationBasisOfPresentationAndSignificantAccountingPoliciesTables)
Table	(Implied)

Slicers (applies to each fact value in each table cell)

Reporting Entity [Axis]

0000005981 (http://www.sec.gov/CIK)

Accounting Policies [Abstract]

Period [Axis]

2016-01-01 - 2016-12-31

Accounting Policies [Abstract]

Summary of Business Sales Segmentation

Selective enterprise information is as follows:

	2016		2015		2014
Net sales:
Insecticides	$	119,226	$	117,180	$	135,705
Herbicides/soil fumigants/fungicides		123,540		111,897		101,785
Other, including plant growth regulators		29,438		29,013		30,220
Total crop		272,204		258,090		267,710
Non-crop		39,909		31,292		30,924
	$	312,113	$	289,382	$	298,634
Gross profit:
Crop	$	107,821	$	97,198	$	101,633
Non-crop		20,467		14,704		12,863
	$	128,288	$	111,902	$	114,496

Summary of Operating Expense

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

	2016		2015		2014
Selling	$	27,442	$	27,052	$	31,593
General and administrative		32,128		28,516		27,057
Research, product development and regulatory		21,298		19,116		21,206
Freight, delivery and warehousing		26,880		25,694		27,930
	$	107,748	$	100,378	$	107,786

Components of Inventories

The components of inventories consist of the following:

	2016		2015
Finished products	$	103,832	$	120,456
Raw materials		16,744		16,021
	$	120,576	$	136,477

Components of Basic and Diluted Earnings Per Share

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

	2016		2015		2014
Numerator:
Net income attributable to American Vanguard	$	12,788	$	6,591	$	4,841
Denominator:
Weighted average shares outstanding—basic		28,859		28,673		28,436
Dilutive effect of stock options and grants		535		564		476
		29,394		29,237		28,912

Stock Based Compensation, Unamortized Stock-Based Compensation and Remaining Weighted Average Period

The below tables illustrate the Company’s stock based compensation, unamortized stock-based compensation, and remaining weighted average period for the years ended December 31, 2016, 2015 and 2014. This projected expense will change if any stock options and restricted stock are granted or cancelled prior to the respective reporting periods, or if there are any changes required to be made for estimated forfeitures.

	Stock-Based Compensation		Unamortized Stock-Based Compensation		Remaining Weighted Average Period (years)
December 31, 2016
Incentive Stock Options	$	354	$	397		1.0
Performance Based Options		188		178		1.0
Restricted Stock		1,630		2,153		1.6
Performance Based Restricted Stock		995		796		1.7
Total	$	3,167	$	3,524
December 31, 2015
Incentive Stock Options	$	431	$	887		2.0
Performance Based Options		149		331		2.0
Restricted Stock		2,972		2,153		1.3
Performance Based Restricted Stock		329		583		1.5
Total	$	3,881	$	3,954
December 31, 2014
Incentive Stock Options	$	22	$	1,457		3.0
Performance Based Options		—		551		3.0
Restricted Stock		3,963		4,829		1.8
Performance Based Restricted Stock		168		1,249		2.1
Total	$	4,153	$	8,086

Summary of Value Option Grants Using Weighted Average Assumptions

The Company uses the Black-Scholes option-pricing model (“Black-Scholes model”) to value option grants using the following weighted average assumptions:

	2014
Risk free interest rate		2.0%
Dividend yield		0.9%
Volatility factor		48.9%
Weighted average life (years)	6.5 years