10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001104659-20-055656 |
| Period End Date | 20200331 |
| Filing Date | 20200501 |
| Fiscal Year | 2020 |
| Fiscal Period | Q1 |
| XBRL Instance | mpx-20200331x10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$20.00K | USD | Point-in-time |
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$20.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$20.06M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$19.80M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$18.35M | USD | Point-in-time |
| Accumulated depreciation, property plant and equipment |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$28.80M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$8.74M | USD | Point-in-time |
| Accumulated depreciation, property plant and equipment |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$28.26M | USD | Point-in-time |
| Accounts receivable, net of allowance for doubtful accounts of $20 in 2020 and 2019 |
AccountsReceivableNetCurrent
|
$9.17M | USD | Point-in-time |
| Accounts receivable, net of allowance for doubtful accounts of $20 in 2020 and 2019 |
AccountsReceivableNetCurrent
|
$6.61M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$45.95M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$41.55M | USD | Point-in-time |
| Income taxes receivable |
IncomeTaxesReceivable
|
$907.00K | USD | Point-in-time |
| Income taxes receivable |
IncomeTaxesReceivable
|
$733.00K | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$2.06M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$1.44M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$77.36M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$70.93M | USD | Point-in-time |
| Property, plant and equipment, net of accumulated depreciation of $28,795 in 2020 and $28,258 in 2019 |
PropertyPlantAndEquipmentNet
|
$14.93M | USD | Point-in-time |
| Property, plant and equipment, net of accumulated depreciation of $28,795 in 2020 and $28,258 in 2019 |
PropertyPlantAndEquipmentNet
|
$14.80M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$3.31M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$3.31M | USD | Point-in-time |
| Other intangibles, net |
IntangibleAssetsNetExcludingGoodwill
|
$465.00K | USD | Point-in-time |
| Other intangibles, net |
IntangibleAssetsNetExcludingGoodwill
|
$465.00K | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxAssetsNet
|
$3.43M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxAssetsNet
|
$3.99M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$10.34M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$11.28M | USD | Point-in-time |
| Total assets |
Assets
|
$104.76M | USD | Point-in-time |
| Total assets |
Assets
|
$109.83M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$3.89M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$9.80M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedExpensesAndOtherCurrentLiabilities
|
$13.15M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedExpensesAndOtherCurrentLiabilities
|
$13.71M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$17.04M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$23.51M | USD | Point-in-time |
| Pension liabilities |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$8.80M | USD | Point-in-time |
| Pension liabilities |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$9.98M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$531.00K | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$523.00K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$27.55M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$32.84M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$3.39M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$3.40M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$76.22M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$76.57M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-2.63M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-2.56M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-2.17M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-2.75M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$74.23M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$75.21M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$77.21M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$76.99M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$104.76M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$109.83M | USD | Point-in-time |
Income Statement
24 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
RevenueFromContractWithCustomerIncludingAssessedTax
|
$59.12M | USD | 1 Quarter |
| Net sales |
RevenueFromContractWithCustomerIncludingAssessedTax
|
$83.05M | USD | 1 Quarter |
| Cost of goods sold |
CostOfGoodsAndServicesSold
|
$47.01M | USD | 1 Quarter |
| Cost of goods sold |
CostOfGoodsAndServicesSold
|
$64.35M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$12.11M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$18.70M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$9.83M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$7.25M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$4.85M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$8.87M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$57.00K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$61.00K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$8.93M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$4.92M | USD | 1 Quarter |
| Income tax provision |
IncomeTaxExpenseBenefit
|
$1.46M | USD | 1 Quarter |
| Income tax provision |
IncomeTaxExpenseBenefit
|
$707.00K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$7.47M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$4.21M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.12 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.22 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.22 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.12 | USD | 1 Quarter |
| Dividends paid per share (in dollars per share) |
CommonStockDividendsPerShareCashPaid
|
$0.12 | USD | 1 Quarter |
| Dividends paid per share (in dollars per share) |
CommonStockDividendsPerShareCashPaid
|
$0.12 | USD | 1 Quarter |
Cash Flow Statement
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$4.21M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$7.47M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$505.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$536.00K | USD | 1 Quarter |
| Accretion of discount related to marketable securities, net |
AmortizationOfPremiumRelatedToMarketableSecurities
|
$-5.00K | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$538.00K | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$576.00K | USD | 1 Quarter |
| Deferred income tax provision/ (benefit) |
DeferredIncomeTaxExpenseBenefit
|
$528.00K | USD | 1 Quarter |
| Deferred income tax provision/ (benefit) |
DeferredIncomeTaxExpenseBenefit
|
$-109.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$6.02M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$2.56M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$1.05M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$4.39M | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-614.00K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-668.00K | USD | 1 Quarter |
| Income taxes receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$-174.00K | USD | 1 Quarter |
| Other non-current assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$-1.09M | USD | 1 Quarter |
| Other non-current assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$651.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$5.92M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$7.74M | USD | 1 Quarter |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$1.96M | USD | 1 Quarter |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$553.00K | USD | 1 Quarter |
| Other long-term liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$-1.18M | USD | 1 Quarter |
| Other long-term liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$1.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$12.04M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$6.05M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.11M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$665.00K | USD | 1 Quarter |
| Purchases of marketable securities |
PaymentsToAcquireMarketableSecurities
|
$299.00K | USD | 1 Quarter |
| Sales of marketable securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$7.53M | USD | 1 Quarter |
| Maturities of marketable securities |
ProceedsFromMaturityOfMarketableSecurities
|
$448.00K | USD | 1 Quarter |
| Net cash provided by (used for) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$6.57M | USD | 1 Quarter |
| Net cash provided by (used for) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-665.00K | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividends
|
$4.07M | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividends
|
$4.12M | USD | 1 Quarter |
| Cash paid for common stock purchased and retired |
PaymentsForRepurchaseOfCommonStock
|
$4.90M | USD | 1 Quarter |
| Cash paid for common stock purchased and retired |
PaymentsForRepurchaseOfCommonStock
|
$1.05M | USD | 1 Quarter |
| Net cash used for financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-9.01M | USD | 1 Quarter |
| Net cash used for financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-5.13M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$260.00K | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$9.60M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$20.06M | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$19.80M | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$18.35M | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$8.74M | USD | Point-in-time |
| Cash and cash equivalents at end of year |
CashAndCashEquivalentsAtCarryingValue
|
$20.06M | USD | Point-in-time |
| Cash and cash equivalents at end of year |
CashAndCashEquivalentsAtCarryingValue
|
$19.80M | USD | Point-in-time |
| Cash and cash equivalents at end of year |
CashAndCashEquivalentsAtCarryingValue
|
$18.35M | USD | Point-in-time |
| Cash and cash equivalents at end of year |
CashAndCashEquivalentsAtCarryingValue
|
$8.74M | USD | Point-in-time |
| Income tax payments, net |
IncomeTaxesPaidNet
|
$1.45M | USD | 1 Quarter |
Stockholders Equity
20 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$74.23M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$75.21M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$77.21M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$76.99M | USD | Point-in-time |
| Stock issued for stock incentive plans, net |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$538.00K | USD | 1 Quarter |
| Stock issued for stock incentive plans, net |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$576.00K | USD | 1 Quarter |
| Adoption of accounting standard |
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
$414.00K | USD | Point-in-time |
| Stock purchased and retired |
StockRepurchasedAndRetiredDuringPeriodValue
|
$1.05M | USD | 1 Quarter |
| Stock purchased and retired |
StockRepurchasedAndRetiredDuringPeriodValue
|
$4.90M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$7.47M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$4.21M | USD | 1 Quarter |
| Pension adjustment, net of taxes |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-17.00K | USD | 1 Quarter |
| Pension adjustment, net of taxes |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-119.00K | USD | 1 Quarter |
| Unrealized gain on securities, net of taxes and reclassification adjustment |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$7.00K | USD | 1 Quarter |
| Dividends declared |
DividendsCommonStockCash
|
$4.12M | USD | 1 Quarter |
| Dividends declared |
DividendsCommonStockCash
|
$4.07M | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$74.23M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$75.21M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$77.21M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$76.99M | USD | Point-in-time |
Comprehensive Income
7 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$7.47M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$4.21M | USD | 1 Quarter |
| Pension adjustment |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-17.00K | USD | 1 Quarter |
| Pension adjustment |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-119.00K | USD | 1 Quarter |
| Unrealized gain on securities, net of reclassification adjustments |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$7.00K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$7.49M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$4.33M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.