10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001174947-14-000384 |
| Period End Date | 20140930 |
| Filing Date | 20141104 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | esp-20140930.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
78 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Advance payments of costs related to contracts in process |
ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms
|
$142.62K | USD | Point-in-time |
| Advance payments of costs related to contracts in process |
ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms
|
$19.63K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$9.87M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.33 | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.33 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$9.56M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$11.61M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$9.89M | USD | Point-in-time |
| Investment securities |
MarketableSecuritiesCurrent
|
$4.49M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
10.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
10.00M | shares | Point-in-time |
| Investment securities |
MarketableSecuritiesCurrent
|
$4.91M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
3.03M | shares | Point-in-time |
| Trade accounts receivable, net |
AccountsReceivableNetCurrent
|
$4.03M | USD | Point-in-time |
| Trade accounts receivable, net |
AccountsReceivableNetCurrent
|
$3.19M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
3.03M | shares | Point-in-time |
| Income tax receivable |
IncomeTaxesReceivable
|
$943.23K | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
2.36M | shares | Point-in-time |
| Income tax receivable |
IncomeTaxesReceivable
|
$668.36K | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
2.37M | shares | Point-in-time |
| Unearned ESOP, shares |
EmployeeStockOwnershipPlanESOPDeferredShares
|
$92.92K | USD | Point-in-time |
| Unearned ESOP, shares |
EmployeeStockOwnershipPlanESOPDeferredShares
|
$97.50K | USD | Point-in-time |
| Treasury stock, shares |
TreasuryStockShares
|
661,764.00 | shares | Point-in-time |
| Treasury stock, shares |
TreasuryStockShares
|
670,873.00 | shares | Point-in-time |
| Raw materials |
InventoryRawMaterials
|
$1.55M | USD | Point-in-time |
| Raw materials |
InventoryRawMaterials
|
$1.62M | USD | Point-in-time |
| Work-in-process |
InventoryWorkInProcess
|
$792.62K | USD | Point-in-time |
| Work-in-process |
InventoryWorkInProcess
|
$829.50K | USD | Point-in-time |
| Costs relating to contracts in process, net of advance payments of $19,626 at September 30, 2014 and $142,616 at June 30, 2014 |
InventoryForLongTermContractsOrPrograms
|
$8.20M | USD | Point-in-time |
| Costs relating to contracts in process, net of advance payments of $19,626 at September 30, 2014 and $142,616 at June 30, 2014 |
InventoryForLongTermContractsOrPrograms
|
$8.25M | USD | Point-in-time |
| Total inventories |
InventoryNet
|
$10.63M | USD | Point-in-time |
| Total inventories |
InventoryNet
|
$10.61M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$276.95K | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$324.82K | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$177.78K | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$199.52K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$29.72M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$30.17M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$2.58M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$2.68M | USD | Point-in-time |
| Total assets |
Assets
|
$32.75M | USD | Point-in-time |
| Total assets |
Assets
|
$32.40M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.47M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$727.28K | USD | Point-in-time |
| Salaries, wages and commissions |
AccruedSalariesCurrent
|
$413.99K | USD | Point-in-time |
| Salaries, wages and commissions |
AccruedSalariesCurrent
|
$398.50K | USD | Point-in-time |
| Vacation |
AccruedVacationCurrent
|
$693.29K | USD | Point-in-time |
| Vacation |
AccruedVacationCurrent
|
$540.17K | USD | Point-in-time |
| ESOP payable |
AccruedEmployeeBenefitsCurrent
|
$86.82K | USD | Point-in-time |
| ESOP payable |
AccruedEmployeeBenefitsCurrent
|
- | USD | Point-in-time |
| Other |
OtherEmployeeRelatedLiabilitiesCurrent
|
$154.01K | USD | Point-in-time |
| Other |
OtherEmployeeRelatedLiabilitiesCurrent
|
$579.95K | USD | Point-in-time |
| Payroll and other taxes withheld and accrued |
AccruedPayrollTaxesCurrent
|
$53.55K | USD | Point-in-time |
| Payroll and other taxes withheld and accrued |
AccruedPayrollTaxesCurrent
|
$47.01K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.47M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.70M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$283.44K | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$255.75K | USD | Point-in-time |
| Total liabilities |
LiabilitiesNoncurrent
|
$2.95M | USD | Point-in-time |
| Total liabilities |
LiabilitiesNoncurrent
|
$2.75M | USD | Point-in-time |
| Common stock, par value $.33-1/3 per share. Authorized 10,000,000 shares; Issued 3,029,874 shares on September 30, 2014 and June 30, 2014. Outstanding 2,359,001 on September 30, 2014 and 2,368,110 on June 30, 2014 (includes 92,917 and 97,500 unearned ESOP shares on September 30, 2014 and June 30, 2014, respectively) |
CommonStockValue
|
$1.01M | USD | Point-in-time |
| Common stock, par value $.33-1/3 per share. Authorized 10,000,000 shares; Issued 3,029,874 shares on September 30, 2014 and June 30, 2014. Outstanding 2,359,001 on September 30, 2014 and 2,368,110 on June 30, 2014 (includes 92,917 and 97,500 unearned ESOP shares on September 30, 2014 and June 30, 2014, respectively) |
CommonStockValue
|
$1.01M | USD | Point-in-time |
| Capital in excess of par value |
AdditionalPaidInCapitalCommonStock
|
$16.47M | USD | Point-in-time |
| Capital in excess of par value |
AdditionalPaidInCapitalCommonStock
|
$16.43M | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.44K | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.76K | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$21.29M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$20.95M | USD | Point-in-time |
| Total stockholders equity before ESOP |
TotalStockholdersEquityBeforyEsopAndTreasuryStock
|
$38.38M | USD | Point-in-time |
| Total stockholders equity before ESOP |
TotalStockholdersEquityBeforyEsopAndTreasuryStock
|
$38.77M | USD | Point-in-time |
| Less: Unearned ESOP shares |
UnearnedESOPShares
|
$1.41M | USD | Point-in-time |
| Less: Unearned ESOP shares |
UnearnedESOPShares
|
$1.41M | USD | Point-in-time |
| Treasury shares, cost of 670,873 and 661,764 shares on September 30, 2014 and June 30, 2014, respectively |
TreasuryStockValue
|
$7.33M | USD | Point-in-time |
| Treasury shares, cost of 670,873 and 661,764 shares on September 30, 2014 and June 30, 2014, respectively |
TreasuryStockValue
|
$7.56M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$29.65M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$29.80M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$32.75M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$32.40M | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueGoodsNet
|
$6.92M | USD | 1 Quarter |
| Net sales |
SalesRevenueGoodsNet
|
$5.69M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$3.88M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$4.73M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$1.81M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$2.20M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$598.20K | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$767.98K | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$1.21M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$1.43M | USD | 1 Quarter |
| Interest and dividend income |
InvestmentIncomeInterestAndDividend
|
$10.77K | USD | 1 Quarter |
| Interest and dividend income |
InvestmentIncomeInterestAndDividend
|
$7.99K | USD | 1 Quarter |
| Other |
OtherNonoperatingIncome
|
$14.71K | USD | 1 Quarter |
| Other |
OtherNonoperatingIncome
|
$9.66K | USD | 1 Quarter |
| Total other income |
NonoperatingIncomeExpense
|
$25.48K | USD | 1 Quarter |
| Total other income |
NonoperatingIncomeExpense
|
$17.65K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.23M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.45M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$318.31K | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$403.74K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$911.22K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.05M | USD | 1 Quarter |
| Unrealized loss on investment securities |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-320.00 | USD | 1 Quarter |
| Unrealized loss on investment securities |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-129.00 | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$1.05M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$910.90K | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.47 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.40 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.46 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.40 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
2.23M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
2.27M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
2.28M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
2.27M | shares | 1 Quarter |
| Dividends per share |
CommonStockDividendsPerShareDeclared
|
$0.25 | USD | 1 Quarter |
| Dividends per share |
CommonStockDividendsPerShareDeclared
|
$0.25 | USD | 1 Quarter |
Cash Flow Statement
70 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$911.22K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.05M | USD | 1 Quarter |
| Excess tax benefits from share-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$21.48K | USD | 1 Quarter |
| Excess tax benefits from share-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$23.07K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$26.77K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$13.03K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$106.32K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$115.91K | USD | 1 Quarter |
| ESOP compensation expense |
EmployeeStockOwnershipPlanESOPCompensationExpense
|
$111.19K | USD | 1 Quarter |
| ESOP compensation expense |
EmployeeStockOwnershipPlanESOPCompensationExpense
|
$130.43K | USD | 1 Quarter |
| Loss on disposal of assets |
GainLossOnDispositionOfAssets
|
$-129.00 | USD | 1 Quarter |
| Loss on disposal of assets |
GainLossOnDispositionOfAssets
|
- | USD | 1 Quarter |
| Deferred income tax |
DeferredIncomeTaxExpenseBenefit
|
$16.22K | USD | 1 Quarter |
| Deferred income tax |
DeferredIncomeTaxExpenseBenefit
|
$20.35K | USD | 1 Quarter |
| (Increase) decrease in trade receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$838.68K | USD | 1 Quarter |
| (Increase) decrease in trade receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$-2.08M | USD | 1 Quarter |
| Decrease (increase) in income taxes receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$310.70K | USD | 1 Quarter |
| Decrease (increase) in income taxes receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$-274.88K | USD | 1 Quarter |
| Increase in inventories, net |
IncreaseDecreaseInInventories
|
$14.66K | USD | 1 Quarter |
| Increase in inventories, net |
IncreaseDecreaseInInventories
|
$218.19K | USD | 1 Quarter |
| (Increase) decrease in prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-71.60K | USD | 1 Quarter |
| (Increase) decrease in prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$21.75K | USD | 1 Quarter |
| Increase in accounts payable |
IncreaseDecreaseInAccountsPayable
|
$742.43K | USD | 1 Quarter |
| Increase in accounts payable |
IncreaseDecreaseInAccountsPayable
|
$181.50K | USD | 1 Quarter |
| (Decrease) increase in accrued salaries, wages and commissions |
IncreaseDecreaseInAccruedSalaries
|
$-15.49K | USD | 1 Quarter |
| (Decrease) increase in accrued salaries, wages and commissions |
IncreaseDecreaseInAccruedSalaries
|
$134.81K | USD | 1 Quarter |
| Decrease in vacation accrual |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-153.11K | USD | 1 Quarter |
| Decrease in vacation accrual |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-51.83K | USD | 1 Quarter |
| Decrease in ESOP payable |
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
|
$-24.38K | USD | 1 Quarter |
| Decrease in ESOP payable |
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
|
$-29.17K | USD | 1 Quarter |
| Decrease in other accrued expenses |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-425.95K | USD | 1 Quarter |
| Decrease in other accrued expenses |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-359.78K | USD | 1 Quarter |
| (Decrease) increase in payroll & other taxes withheld and accrued |
IncreaseDecreaseInPropertyAndOtherTaxesPayable
|
$-6.54K | USD | 1 Quarter |
| (Decrease) increase in payroll & other taxes withheld and accrued |
IncreaseDecreaseInPropertyAndOtherTaxesPayable
|
$6.13K | USD | 1 Quarter |
| Increase (decrease) in income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$23.07K | USD | 1 Quarter |
| Increase (decrease) in income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-408.99K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$2.41M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$688.59K | USD | 1 Quarter |
| Additions to property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$18.59K | USD | 1 Quarter |
| Additions to property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$328.31K | USD | 1 Quarter |
| Proceeds from loan receivable |
ProceedsFromCollectionOfLoansReceivable
|
$10.74K | USD | 1 Quarter |
| Proceeds from loan receivable |
ProceedsFromCollectionOfLoansReceivable
|
- | USD | 1 Quarter |
| Purchase of investment securities |
PaymentsToAcquireAvailableForSaleSecurities
|
$445.49K | USD | 1 Quarter |
| Purchase of investment securities |
PaymentsToAcquireAvailableForSaleSecurities
|
$289.09K | USD | 1 Quarter |
| Proceeds from sale/maturity of investment securities |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$290.00K | USD | 1 Quarter |
| Proceeds from sale/maturity of investment securities |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$861.37K | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-316.65K | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$397.29K | USD | 1 Quarter |
| Dividends on common stock |
DividendsCommonStockCash
|
$-558.90K | USD | 1 Quarter |
| Dividends on common stock |
DividendsCommonStockCash
|
$-567.85K | USD | 1 Quarter |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
- | USD | 1 Quarter |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
$234.83K | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$166.31K | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$9.00K | USD | 1 Quarter |
| Excess tax benefits from share-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$23.07K | USD | 1 Quarter |
| Excess tax benefits from share-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$21.48K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-770.61K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-371.12K | USD | 1 Quarter |
| Increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$1.72M | USD | 1 Quarter |
| Increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$315.27K | USD | 1 Quarter |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$9.87M | USD | Point-in-time |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$9.56M | USD | Point-in-time |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$11.61M | USD | Point-in-time |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$9.89M | USD | Point-in-time |
| Cash and cash equivalents, end of year |
CashAndCashEquivalentsAtCarryingValue
|
$9.87M | USD | Point-in-time |
| Cash and cash equivalents, end of year |
CashAndCashEquivalentsAtCarryingValue
|
$9.56M | USD | Point-in-time |
| Cash and cash equivalents, end of year |
CashAndCashEquivalentsAtCarryingValue
|
$11.61M | USD | Point-in-time |
| Cash and cash equivalents, end of year |
CashAndCashEquivalentsAtCarryingValue
|
$9.89M | USD | Point-in-time |
| Income taxes paid |
IncomeTaxesPaid
|
$1.11M | USD | 1 Quarter |
| Income taxes paid |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.