Condensed Consolidating Financial Statements Condensed Consolidating Financial Information (Tables)

3 Months Ended

Mar. 31, 2019

Condensed Financial Statements, Captions [Line Items]

Condensed Income Statement [Table Text Block]

	Three Months Ended March 31, 2019
(in thousands)	Apergy Corporation			Subsidiary Guarantors		Subsidiary Non-guarantors			Adjustments and eliminations			Total
Product revenue	$	—		$	243,137	$	26,397		$	—		$	269,534
Service revenue	—			13,342		7,175			—			20,517
Lease, related party and other revenue	—			15,438		5,125			(8,923		)	11,640
Total revenue	—			271,917		38,697			(8,923		)	301,691
Cost of goods and services	—			171,658		33,585			(9,101		)	196,142
Gross profit	—			100,259		5,112			178			105,549
Selling, general and administrative expense	61			59,729		5,557			—			65,347
Interest expense, net	10,328			136		10			—			10,474
Other expense, net	—			295		790			5			1,090
Income (loss) before income taxes and equity in earnings of affiliates	(10,389		)	40,099		(1,245		)	173			28,638
Provision for (benefit from) income taxes	(2,374		)	8,696		(291		)	38			6,069
Income (loss) before equity in earnings of affiliates	(8,015		)	31,403		(954		)	135			22,569
Equity in earnings of affiliates	30,302			4,883		6,753			(41,938		)	—
Net income	22,287			36,286		5,799			(41,803		)	22,569
Net income attributable to noncontrolling interest	—			—		282			—			282
Net income attributable to Apergy	$	22,287		$	36,286	$	5,517		$	(41,803	)	$	22,287
Comprehensive income attributable to Apergy	$	23,476		$	36,953	$	6,041		$	(42,994	)	$	23,476

	Three Months Ended March 31, 2018
(in thousands)	Apergy Corporation		Subsidiary Guarantors		Subsidiary Non-guarantors			Adjustments and eliminations			Total
Product revenue	$	—	$	225,252	$	27,838		$	—		$	253,090
Service revenue	—		12,975		6,890			—			19,865
Lease, related party and other revenue	—		15,498		4,048			(9,375		)	10,171
Total revenue	—		253,725		38,776			(9,375		)	283,126
Cost of goods and services	—		164,436		33,743			(8,668		)	189,511
Gross profit	—		89,289		5,033			(707		)	93,615
Selling, general and administrative expense	—		54,349		5,390			—			59,739
Interest expense, net	—		152		14			—			166
Other expense, net	—		2,531		(79		)	—			2,452
Income (loss) before income taxes and equity in earnings of affiliates	—		32,257		(292		)	(707		)	31,258
Provision for income taxes	—		6,712		500			(148		)	7,064
Income (loss) before equity in earnings of affiliates	—		25,545		(792		)	(559		)	24,194
Equity in earnings of affiliates	24,052		5,473		6,034			(35,559		)	—
Net income	24,052		31,018		5,242			(36,118		)	24,194
Net income attributable to noncontrolling interest	—		—		142			—			142
Net income attributable to Apergy	$	24,052	$	31,018	$	5,100		$	(36,118	)	$	24,052
Comprehensive income attributable to Apergy	$	22,410	$	31,405	$	3,085		$	(34,490	)	$	22,410

Condensed Balance Sheet [Table Text Block]

	March 31, 2019
(in thousands)	Apergy Corporation		Subsidiary Guarantors			Subsidiary Non-guarantors			Adjustments and eliminations			Total
Assets
Cash and cash equivalents	$	108	$	18,682		$	9,564		$	—		$	28,354
Receivables	408		232,126			35,342			(9,226		)	258,650
Inventories, net	—		200,296			34,091			(1,454		)	232,933
Prepaid expenses and other current assets	25,912		14,285			3,566			(25,902		)	17,861
Total current assets	26,428		465,389			82,563			(36,582		)	537,798
Property, plant and equipment, net	—		232,376			12,510			—			244,886
Goodwill	—		633,771			271,484			—			905,255
Advances due from affiliates	572,360		23,805			84,720			(680,885		)	—
Investment in subsidiaries	1,045,293		690,693			551,118			(2,287,104		)	—
Intangible assets, net	—		189,344			81,395			—			270,739
Other non-current assets	3,765		18,269			7,897			—			29,931
Total assets	1,647,846		2,253,647			1,091,687			(3,004,571		)	1,988,609
Liabilities and Equity
Accounts payable	19		111,825			21,482			(9,226		)	124,100
Accrued compensation and employee benefits	—		24,341			4,541			—			28,882
Accrued expenses and other current liabilities	8,832		71,986			5,829			(27,356		)	59,291
Total current liabilities	8,851		208,152			31,852			(36,582		)	212,273
Advances due to affiliates	—		657,077			23,808			(680,885		)	—
Long-term debt	634,041		3,499			107			—			637,647
Deferred income taxes	—		76,433			20,036			—			96,469
Other long-term liabilities	—		31,591			5,426			—			37,017
Total liabilities	642,892		976,752			81,229			(717,467		)	983,406
Equity:
Stockholders’ capital	1,004,954		1,283,583			1,042,733			(2,287,104		)	1,044,166
Accumulated other comprehensive loss	—		(6,688		)	(35,029		)	—			(41,717		)
Total stockholders’ equity	1,004,954		1,276,895			1,007,704			(2,287,104		)	1,002,449
Noncontrolling interest	—		—			2,754			—			2,754
Total equity	1,004,954		1,276,895			1,010,458			(2,287,104		)	1,005,203
Total liabilities and equity	$	1,647,846	$	2,253,647		$	1,091,687		$	(3,004,571	)	$	1,988,609

	December 31, 2018
(in thousands)	Apergy Corporation		Subsidiary Guarantors			Subsidiary Non-guarantors			Adjustments and eliminations			Total
Assets
Cash and cash equivalents	$	108	$	27,533		$	14,191		$	—		$	41,832
Receivables	1,743		230,230			35,019			(17,044		)	249,948
Inventories, net	—		189,015			30,936			(1,632		)	218,319
Prepaid expenses and other current assets	24,583		17,064			3,106			(24,542		)	20,211
Total current assets	26,434		463,842			83,252			(43,218		)	530,310
Property, plant and equipment, net	—		231,373			12,955			—			244,328
Goodwill	—		633,771			271,214			—			904,985
Advances due from affiliates	600,802		14,185			82,889			(697,876		)	—
Investment in subsidiaries	1,013,869		687,691			545,298			(2,246,858		)	—
Intangible assets, net	—		198,531			85,157			—			283,688
Other non-current assets	3,996		2,371			2,078			—			8,445
Total assets	1,645,101		2,231,764			1,082,843			(2,987,952		)	1,971,756
Liabilities and Equity
Accounts payable	22		114,745			33,335			(17,044		)	131,058
Accrued compensation and employee benefits	—		35,278			5,268			—			40,546
Accrued expenses and other current liabilities	4,929		46,722			4,914			(26,174		)	30,391
Total current liabilities	4,951		196,745			43,517			(43,218		)	201,995
Advances due to affiliates	—		683,700			14,176			(697,876		)	—
Long-term debt	658,623		7,363			122			—			666,108
Deferred income taxes	—		81,296			20,428			—			101,724
Other long-term liabilities	—		19,441			961			—			20,402
Total liabilities	663,574		988,545			79,204			(741,094		)	990,229
Equity:
Stockholders’ capital	981,527		1,250,573			1,036,733			(2,246,858		)	1,021,975
Accumulated other comprehensive loss	—		(7,354		)	(35,552		)	—			(42,906		)
Total stockholders’ equity	981,527		1,243,219			1,001,181			(2,246,858		)	979,069
Noncontrolling interest	—		—			2,458			—			2,458
Total equity	981,527		1,243,219			1,003,639			(2,246,858		)	981,527
Total liabilities and equity	$	1,645,101	$	2,231,764		$	1,082,843		$	(2,987,952	)	$	1,971,756

Condensed Cash Flow Statement [Table Text Block]

	Three Months Ended March 31, 2019
(in thousands)	Apergy Corporation			Subsidiary Guarantors			Subsidiary Non-guarantors			Adjustments and eliminations		Total
Cash provided (required) by operating activities	$	(3,443	)	$	35,456		$	(12,103	)	$	—	$	19,910
Cash provided (required) by investing activities:
Capital expenditures	—			(9,296		)	(422		)	—		(9,718		)
Proceeds from sale of fixed assets	—			2,467			8			—		2,475
Net cash required by investing activities	—			(6,829		)	(414		)	—		(7,243		)
Cash provided (required) by financing activities:
Repayment of long-term debt	(25,000		)	—			—			—		(25,000		)
Advances due to (from) affiliates	28,443			(36,244		)	7,801			—		—
Payments of finance lease obligations	—			(1,234		)	—			—		(1,234		)
Net cash provided (required) by financing activities	3,443			(37,478		)	7,801			—		(26,234		)
Effect of exchange rate changes on cash and cash equivalents	—			—			89			—		89
Net decrease in cash and cash equivalents	—			(8,851		)	(4,627		)	—		(13,478		)
Cash and cash equivalents at beginning of period	108			27,533			14,191			—		41,832
Cash and cash equivalents at end of period	$	108		$	18,682		$	9,564		$	—	$	28,354

	Three Months Ended March 31, 2018
(in thousands)	Apergy Corporation			Subsidiary Guarantors			Subsidiary Non-guarantors			Adjustments and eliminations			Total
Cash provided by operating activities	$	1,450		$	1,627		$	4,340		$	148		$	7,565
Cash provided (required) by investing activities:
Capital expenditures	—			(12,626		)	(225		)	—			(12,851		)
Proceeds from sale of fixed assets	—			200			5			—			205
Purchase price adjustments on acquisition	—			—			53			—			53
Net cash required by investing activities	—			(12,426		)	(167		)	—			(12,593		)
Cash provided (required) by financing activities:
Advances due to (from) affiliates	—			(2,905		)	2,905			—			—
Distributions to Dover Corporation, net	(1,450		)	12,401			(11,617		)	(148		)	(814		)
Payments of finance lease obligations	—			(1,050		)	—			—			(1,050		)
Net cash required by financing activities	(1,450		)	8,446			(8,712		)	(148		)	(1,864		)
Effect of exchange rate changes on cash and cash equivalents	—			—			302			—			302
Net decrease in cash and cash equivalents	—			(2,353		)	(4,237		)	—			(6,590		)
Cash and cash equivalents at beginning of period	—			5,763			17,949			—			23,712
Cash and cash equivalents at end of period	$	—		$	3,410		$	13,712		$	—		$	17,122