ALLIENT INC 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Allied Motion’s common stock is listed on the Nasdaq Global Market System and trades under the symbol AMOT. The number of holders of record as reported by the Company’s transfer agent of the Company’s common stock as of the close of business on March 10, 2021 was 221. Dividends During 2020 and 2019, we declared regular quarterly cash dividends on our common stock. We paid $0.03 per quarter in 2020 and 2019. While it is our current intention to pay regular quarterly cash dividends, any decision to pay future cash dividends will be made by our Board and will depend on our earnings, financial condition and other factors. Performance Graph The following performance graph and tables reflect the five year change in the Company’s cumulative total stockholder return on Common Stock as compared with the cumulative total return of the NASDAQ Stock Market Index and the S&P Electrical Components and Equipment Index for a $100 investment made on December 31, 2015, including reinvestment of any dividends. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 Allied Motion Technologies ​ $ 100.00 ​ $ 82.18 ​ $ 127.75 ​ $ 172.98 ​ $ 188.35 ​ $ 199.14 NASDAQ (U.S.) ​ $ 100.00 ​ $ 108.87 ​ $ 141.13 ​ $ 137.12 ​ $ 187.44 ​ $ 271.64 S&P Electrical Components & Equipment ​ $ 100.00 ​ $ 120.70 ​ $ 153.66 ​ $ 131.90 ​ $ 182.71 ​ $ 220.60 ​ 20 Table of Contents Issuer Purchases of Equity Securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of Shares Maximum Number of Shares ​ ​ Number of Shares ​ Average Price Paid ​ Purchased as Part of Publicly ​ that May Yet Be Purchased Period ​ Purchased (1) ​ per Share ​ Announced Plans or Programs ​ Under the Plans or Programs 10/01/20 to 10/31/20 194 ​ $ 41.28 — — 11/01/20 to 11/30/20 — ​ — — — 12/01/20 to 12/31/20 4,343 ​ 48.54 — — Total 4,537 ​ $ 48.23 — — (1) As permitted under the Company’s equity compensation plan, these shares were withheld by the Company to satisfy tax withholding obligations for employees in connection with the vesting of stock. Shares withheld for tax withholding obligations do not affect the total number of shares available for repurchase under any approved common stock repurchase plan. At December 31, 2020, the Company did not have an authorized stock repurchase plan in place . ​ Item 6. Selected Financial Data. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollars in thousands, except share data 2020 (1) 2019 2018 (2) 2017 2016 (3) Results from Operations ​ ​ ​ ​ ​ Revenues ​ $ 366,694 ​ $ 371,084 ​ $ 310,611 ​ $ 252,012 ​ $ 245,893 ​ Net income ​ 13,643 ​ 17,022 ​ 15,925 ​ 8,036 ​ 9,078 ​ Diluted earnings per share ​ $ 1.43 ​ $ 1.80 ​ $ 1.70 ​ $ 0.87 ​ $ 1.00 ​ Dividends declared per share ​ $ 0.12 ​ $ 0.12 ​ $ 0.115 ​ $ 0.10 ​ $ 0.10 ​ ​ ​ ​ ​ ​ ​ ​ ​ Year-End Financial Position ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 23,131 ​ $ 13,416 ​ $ 8,673 ​ $ 15,590 ​ $ 15,483 ​ Working capital ​ 89,684 ​ 69,002 ​ 66,304 ​ 53,358 ​ 50,987 ​ Total assets (4) ​ 349,197 ​ 305,828 ​ 285,301 ​ 187,922 ​ 179,919 ​ Short-term debt ​ — ​ — ​ — ​ 461 ​ 936 ​ Long-term debt ​ 120,079 ​ 109,765 ​ 122,516 ​ 52,694 ​ 70,483 ​ Shareholders’ equity ​ 143,056 ​ 119,194 ​ 101,813 ​ 87,347 ​ 72,286 ​ Shareholders’ equity per common ​ ​ ​ ​ ​ ​ share outstanding ​ $ 14.67 ​ $ 12.42 ​ $ 10.74 ​ $ 9.27 ​ $ 7.71 ​ ​ ​ ​ ​ ​ ​ ​ ​ Supplemental Financial Data ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ 9,371 ​ $ 14,882 ​ $ 14,333 ​ $ 6,201 ​ $ 5,188 ​ Depreciation expense ​ 10,057 ​ 9,139 ​ 7,921 ​ 7,055 ​ 6,545 ​ Engineering and development ​ 25,487 ​ 23,086 ​ 19,913 ​ 17,542 ​ 16,170 ​ Interest expense ​ 3,716 ​ 5,134 ​ 2,701 ​ 2,474 ​ 6,449 ​ Intangible amortization ​ 5,928 ​ 5,718 ​ 3,655 ​ 3,219 ​ 3,204 ​ Backlog (5) ​ 141,344 ​ 124,950 ​ 131,997 ​ 100,708 ​ 78,602 ​ ​ ​ ​ ​ ​ ​ ​ Ratios ​ ​ ​ ​ ​ ​ Net return on sales ​ 3.7 % 4.6 % 5.1 % 3.2 % 3.7 % Return on shareholders’ equity ​ 10.4 % 15.4 % 16.8 % 10.1 % 13.3 % Current ratio ​ 2.7 ​ 2.5 ​ 2.5 ​ 2.8 ​ 3.1 ​ Net debt to capitalization (6) ​ 40 % 45 % 53 % 30 % 44 % (1) Includes the effect of the Dynamic Controls acquisition in the first quarter of 2020. (2) Includes the effect of the Maval OE Steering and TCI acquisitions in the first and fourth quarters of 2018, respectively. (3) Includes the effect of the Heidrive acquisition in the first quarter of 2016. (4) Beginning in fiscal 2019, the Company recorded a $20,717 right-of-use lease asset in adopting ASU No. 2016-02, Leases (Topic 842) . (5) Backlog is defined as confirmed orders for which the customer has provided a release and delivery date. (6) Net debt is total debt less cash and cash equivalents. Capitalization is the sum of net debt and shareholders’ equity . 21 Table of Contents ​