10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001437749-21-016674 |
| Period End Date | 20210531 |
| Filing Date | 20210709 |
| Fiscal Year | 2022 |
| Fiscal Period | Q1 |
| XBRL Instance | pke-20210530.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Accounts receivable, allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$93.00K | USD | Point-in-time |
| Accounts receivable, allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$89.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$41.59M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$39.30M | USD | Point-in-time |
| Marketable securities (Note 3) |
MarketableSecuritiesCurrent
|
$74.95M | USD | Point-in-time |
| Marketable securities (Note 3) |
MarketableSecuritiesCurrent
|
$77.52M | USD | Point-in-time |
| Accounts receivable, less allowance for doubtful accounts of $93 and $89, respectively |
AccountsReceivableNetCurrent
|
$7.74M | USD | Point-in-time |
| Accounts receivable, less allowance for doubtful accounts of $93 and $89, respectively |
AccountsReceivableNetCurrent
|
$7.63M | USD | Point-in-time |
| Inventories (Note 4) |
InventoryNet
|
$4.94M | USD | Point-in-time |
| Inventories (Note 4) |
InventoryNet
|
$4.79M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$3.48M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$3.37M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$132.97M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$132.34M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$22.49M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$21.13M | USD | Point-in-time |
| Operating right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$90.00K | USD | Point-in-time |
| Operating right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$103.00K | USD | Point-in-time |
| Goodwill and other intangible assets |
IntangibleAssetsNetIncludingGoodwill
|
$9.80M | USD | Point-in-time |
| Goodwill and other intangible assets |
IntangibleAssetsNetIncludingGoodwill
|
$9.80M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$141.00K | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$142.00K | USD | Point-in-time |
| Total assets |
Assets
|
$165.50M | USD | Point-in-time |
| Total assets |
Assets
|
$163.51M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$3.30M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$3.32M | USD | Point-in-time |
| Operating lease liability (Note 5) |
OperatingLeaseLiabilityCurrent
|
$21.00K | USD | Point-in-time |
| Operating lease liability (Note 5) |
OperatingLeaseLiabilityCurrent
|
$33.00K | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$1.59M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$1.71M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$5.74M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$2.95M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$7.99M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$10.67M | USD | Point-in-time |
| Long-term operating lease liability (Note 5) |
OperatingLeaseLiabilityNoncurrent
|
$87.00K | USD | Point-in-time |
| Long-term operating lease liability (Note 5) |
OperatingLeaseLiabilityNoncurrent
|
$86.00K | USD | Point-in-time |
| Non-current income taxes payable (Note 10) |
AccruedIncomeTaxesNoncurrent
|
$12.62M | USD | Point-in-time |
| Non-current income taxes payable (Note 10) |
AccruedIncomeTaxesNoncurrent
|
$14.30M | USD | Point-in-time |
| Deferred income taxes (Note 10) |
DeferredIncomeTaxLiabilitiesNet
|
$917.00K | USD | Point-in-time |
| Deferred income taxes (Note 10) |
DeferredIncomeTaxLiabilitiesNet
|
$778.00K | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$4.45M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$4.41M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$27.57M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$28.74M | USD | Point-in-time |
| Commitments and contingencies (Note 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$2.10M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$2.10M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$170.04M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$170.10M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-24.36M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-25.06M | USD | Point-in-time |
| Accumulated other comprehensive earnings |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-336.00K | USD | Point-in-time |
| Accumulated other comprehensive earnings |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-284.00K | USD | Point-in-time |
| Stockholders' Equity, Including Treasury Stock |
StockoldersEquityIncludingTreasuryStock
|
$147.56M | USD | Point-in-time |
| Stockholders' Equity, Including Treasury Stock |
StockoldersEquityIncludingTreasuryStock
|
$146.74M | USD | Point-in-time |
| Less treasury stock, at cost |
TreasuryStockValue
|
$10.79M | USD | Point-in-time |
| Less treasury stock, at cost |
TreasuryStockValue
|
$10.79M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$136.76M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$135.94M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$165.50M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$163.51M | USD | Point-in-time |
Income Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
RevenueFromContractWithCustomerIncludingAssessedTax
|
$13.59M | USD | 1 Quarter |
| Net sales |
RevenueFromContractWithCustomerIncludingAssessedTax
|
$12.21M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$8.54M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$8.12M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$3.67M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$5.47M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$1.63M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$1.65M | USD | 1 Quarter |
| Restructuring charges (Note 9) |
RestructuringCharges
|
$14.00K | USD | 1 Quarter |
| Restructuring charges (Note 9) |
RestructuringCharges
|
- | USD | 1 Quarter |
| Earnings from continuing operations |
OperatingIncomeLoss
|
$3.81M | USD | 1 Quarter |
| Earnings from continuing operations |
OperatingIncomeLoss
|
$2.04M | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
$656.00K | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
$117.00K | USD | 1 Quarter |
| Earnings from continuing operations before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$3.93M | USD | 1 Quarter |
| Earnings from continuing operations before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$2.70M | USD | 1 Quarter |
| Income tax provision (Note 10) |
IncomeTaxExpenseBenefit
|
$728.00K | USD | 1 Quarter |
| Income tax provision (Note 10) |
IncomeTaxExpenseBenefit
|
$1.18M | USD | 1 Quarter |
| Net earnings from continuing operations |
IncomeLossFromContinuingOperations
|
$1.97M | USD | 1 Quarter |
| Net earnings from continuing operations |
IncomeLossFromContinuingOperations
|
$2.75M | USD | 1 Quarter |
| Loss from discontinued operations, net of tax (Note 12) |
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
$-15.00K | USD | 1 Quarter |
| Loss from discontinued operations, net of tax (Note 12) |
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
- | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$2.75M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$1.96M | USD | 1 Quarter |
| Continuing operations (in dollars per share) |
IncomeLossFromContinuingOperationsPerBasicShare
|
$0.13 | USD | 1 Quarter |
| Continuing operations (in dollars per share) |
IncomeLossFromContinuingOperationsPerBasicShare
|
$0.10 | USD | 1 Quarter |
| Discontinued operations (in dollars per share) |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
- | USD | 1 Quarter |
| Discontinued operations (in dollars per share) |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
- | USD | 1 Quarter |
| Basic earnings per share (in dollars per share) |
EarningsPerShareBasic
|
$0.13 | USD | 1 Quarter |
| Basic earnings per share (in dollars per share) |
EarningsPerShareBasic
|
$0.10 | USD | 1 Quarter |
| Basic weighted average shares (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
20.38M | shares | 1 Quarter |
| Basic weighted average shares (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
20.40M | shares | 1 Quarter |
| Continuing operations (in dollars per share) |
IncomeLossFromContinuingOperationsPerDilutedShare
|
$0.13 | USD | 1 Quarter |
| Continuing operations (in dollars per share) |
IncomeLossFromContinuingOperationsPerDilutedShare
|
$0.10 | USD | 1 Quarter |
| Discontinued operations (in dollars per share) |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
- | USD | 1 Quarter |
| Discontinued operations (in dollars per share) |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
- | USD | 1 Quarter |
| Diluted earnings per share (in dollars per share) |
EarningsPerShareDiluted
|
$0.13 | USD | 1 Quarter |
| Diluted earnings per share (in dollars per share) |
EarningsPerShareDiluted
|
$0.10 | USD | 1 Quarter |
| Diluted weighted average shares (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
20.71M | shares | 1 Quarter |
| Diluted weighted average shares (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
20.46M | shares | 1 Quarter |
Cash Flow Statement
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
NetIncomeLoss
|
$2.75M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$1.96M | USD | 1 Quarter |
| Loss from discontinued operations, net of tax |
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
$-15.00K | USD | 1 Quarter |
| Loss from discontinued operations, net of tax |
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
- | USD | 1 Quarter |
| Net earnings from continuing operations |
IncomeLossFromContinuingOperations
|
$1.97M | USD | 1 Quarter |
| Net earnings from continuing operations |
IncomeLossFromContinuingOperations
|
$2.75M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$277.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$216.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$43.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$64.00K | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$-139.00K | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$41.00K | USD | 1 Quarter |
| Amortization of bond premium |
AmortizationOfDebtDiscountPremium
|
$-8.00K | USD | 1 Quarter |
| Amortization of bond premium |
AmortizationOfDebtDiscountPremium
|
$294.00K | USD | 1 Quarter |
| Changes in operating assets and liabilities |
IncreaseDecreaseInOperatingCapital
|
$-2.50M | USD | 1 Quarter |
| Changes in operating assets and liabilities |
IncreaseDecreaseInOperatingCapital
|
$-675.00K | USD | 1 Quarter |
| Net cash provided by operating activities - continuing operations |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$4.74M | USD | 1 Quarter |
| Net cash provided by operating activities - continuing operations |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$4.13M | USD | 1 Quarter |
| Net cash used in operating activities - discontinued operations |
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
$-15.00K | USD | 1 Quarter |
| Net cash used in operating activities - discontinued operations |
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
- | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$4.73M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$4.13M | USD | 1 Quarter |
| Purchase of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.54M | USD | 1 Quarter |
| Purchase of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.58M | USD | 1 Quarter |
| Purchases of marketable securities |
PaymentsToAcquireMarketableSecurities
|
$8.22M | USD | 1 Quarter |
| Purchases of marketable securities |
PaymentsToAcquireMarketableSecurities
|
$15.01M | USD | 1 Quarter |
| Proceeds from sales and maturities of marketable securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$19.50M | USD | 1 Quarter |
| Proceeds from sales and maturities of marketable securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$5.41M | USD | 1 Quarter |
| Net cash (used in) provided by investing activities - continuing operations |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$1.95M | USD | 1 Quarter |
| Net cash (used in) provided by investing activities - continuing operations |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-4.39M | USD | 1 Quarter |
| Net cash used in investing activities - discontinued operations |
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
- | USD | 1 Quarter |
| Net cash used in investing activities - discontinued operations |
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
- | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$1.95M | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-4.39M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$2.04M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$2.04M | USD | 1 Quarter |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
- | USD | 1 Quarter |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
$1.64M | USD | 1 Quarter |
| Net cash used in financing activities - continuing operations |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-3.68M | USD | 1 Quarter |
| Net cash used in financing activities - continuing operations |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-2.04M | USD | 1 Quarter |
| Net cash used in financing activities - discontinued operations |
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
- | USD | 1 Quarter |
| Net cash used in financing activities - discontinued operations |
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
- | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-3.68M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-2.04M | USD | 1 Quarter |
| (Decrease) increase in cash and cash equivalents: |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-2.30M | USD | 1 Quarter |
| (Decrease) increase in cash and cash equivalents: |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$3.00M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$8.40M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$39.30M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$5.41M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$41.59M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$8.40M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$39.30M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$5.41M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$41.59M | USD | Point-in-time |
| Cash paid during the period for income taxes, net of refunds |
IncreaseDecreaseInAccruedLiabilities
|
$-323.00K | USD | 1 Quarter |
| Cash paid during the period for income taxes, net of refunds |
IncreaseDecreaseInAccruedLiabilities
|
$-95.00K | USD | 1 Quarter |
Stockholders Equity
6 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$136.76M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$135.94M | USD | Point-in-time |
| Net earnings |
NetIncomeLoss
|
$2.75M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$1.96M | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$136.76M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$135.94M | USD | Point-in-time |
Comprehensive Income
6 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
NetIncomeLoss
|
$2.75M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$1.96M | USD | 1 Quarter |
| Other comprehensive earnings |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$204.00K | USD | 1 Quarter |
| Other comprehensive earnings |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$52.00K | USD | 1 Quarter |
| Total comprehensive earnings |
ComprehensiveIncomeNetOfTax
|
$2.80M | USD | 1 Quarter |
| Total comprehensive earnings |
ComprehensiveIncomeNetOfTax
|
$2.16M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.