10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-22-006815 |
| Period End Date | 20220331 |
| Filing Date | 20220503 |
| Fiscal Year | 2022 |
| Fiscal Period | Q1 |
| XBRL Instance | tmb-20220331x10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
54 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$70.20M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$76.58M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$15.55M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$17.75M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$28.08M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$25.64M | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssetsCurrent
|
$3.50M | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssetsCurrent
|
$2.46M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$120.23M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$119.54M | USD | Point-in-time |
| Note receivable from affiliate |
DueFromAffiliateNoncurrent
|
$18.10M | USD | Point-in-time |
| Note receivable from affiliate |
DueFromAffiliateNoncurrent
|
$18.70M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$23.74M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$23.74M | USD | Point-in-time |
| Other noncurrent |
OtherAssetsNoncurrent
|
$597.00K | USD | Point-in-time |
| Other noncurrent |
OtherAssetsNoncurrent
|
$597.00K | USD | Point-in-time |
| Total other assets |
AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment
|
$42.44M | USD | Point-in-time |
| Total other assets |
AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment
|
$43.04M | USD | Point-in-time |
| Land |
Land
|
$5.07M | USD | Point-in-time |
| Land |
Land
|
$5.07M | USD | Point-in-time |
| Buildings |
BuildingsAndImprovementsGross
|
$23.16M | USD | Point-in-time |
| Buildings |
BuildingsAndImprovementsGross
|
$23.16M | USD | Point-in-time |
| Equipment |
MachineryAndEquipmentGross
|
$70.66M | USD | Point-in-time |
| Equipment |
MachineryAndEquipmentGross
|
$72.65M | USD | Point-in-time |
| Construction in progress |
ConstructionInProgressGross
|
$1.71M | USD | Point-in-time |
| Construction in progress |
ConstructionInProgressGross
|
$2.03M | USD | Point-in-time |
| Gross property and equipment |
PropertyPlantAndEquipmentGross
|
$100.92M | USD | Point-in-time |
| Gross property and equipment |
PropertyPlantAndEquipmentGross
|
$102.59M | USD | Point-in-time |
| Less accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$72.70M | USD | Point-in-time |
| Less accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$71.74M | USD | Point-in-time |
| Net property and equipment |
PropertyPlantAndEquipmentNet
|
$29.90M | USD | Point-in-time |
| Net property and equipment |
PropertyPlantAndEquipmentNet
|
$29.18M | USD | Point-in-time |
| Total assets |
Assets
|
$191.88M | USD | Point-in-time |
| Total assets |
Assets
|
$192.45M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$11.63M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$14.72M | USD | Point-in-time |
| Income taxes payable to affiliate |
DueToAffiliateCurrent
|
$1.72M | USD | Point-in-time |
| Income taxes payable to affiliate |
DueToAffiliateCurrent
|
$2.58M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$14.21M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$16.45M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$2.92M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$2.69M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$54.78M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$54.78M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$120.07M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$118.18M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$173.09M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$169.10M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$167.66M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$174.98M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$192.45M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$191.88M | USD | Point-in-time |
| Commitments and contingencies (Note 1) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 1) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
Income Statement
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$35.92M | USD | 1 Quarter |
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$42.05M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$29.97M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$24.89M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$12.08M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$11.04M | USD | 1 Quarter |
| Selling, general and administrative expense |
SellingGeneralAndAdministrativeExpense
|
$5.22M | USD | 1 Quarter |
| Selling, general and administrative expense |
SellingGeneralAndAdministrativeExpense
|
$5.77M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$6.31M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$5.82M | USD | 1 Quarter |
| Interest income |
InterestIncomeFromRelatedPartyAndDividendIncome
|
$338.00K | USD | 1 Quarter |
| Interest income |
InterestIncomeFromRelatedPartyAndDividendIncome
|
$214.00K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$6.16M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$6.52M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$1.47M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$1.54M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$4.68M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$4.98M | USD | 1 Quarter |
| Net income - basic |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$4.68M | USD | 1 Quarter |
| Net income - basic |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$4.98M | USD | 1 Quarter |
| Net income - diluted |
NetIncomeLossAvailableToCommonStockholdersDiluted
|
$4.98M | USD | 1 Quarter |
| Net income - diluted |
NetIncomeLossAvailableToCommonStockholdersDiluted
|
$4.68M | USD | 1 Quarter |
| Basic and diluted net income per common share |
EarningsPerShareBasicAndDiluted
|
$0.38 | USD | 1 Quarter |
| Basic and diluted net income per common share |
EarningsPerShareBasicAndDiluted
|
$0.40 | USD | 1 Quarter |
| Net income per basic share |
EarningsPerShareBasic
|
$0.38 | USD | 1 Quarter |
| Net income per basic share |
EarningsPerShareBasic
|
$0.40 | USD | 1 Quarter |
| Net income per diluted share |
EarningsPerShareDiluted
|
$0.40 | USD | 1 Quarter |
| Net income per diluted share |
EarningsPerShareDiluted
|
$0.38 | USD | 1 Quarter |
| Basic and diluted weighted average shares outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
12.44M | shares | 1 Quarter |
| Basic and diluted weighted average shares outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
12.38M | shares | 1 Quarter |
| Weighted average shares outstanding - basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
12.44M | shares | 1 Quarter |
| Weighted average shares outstanding - basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
12.38M | shares | 1 Quarter |
| Weighted average shares outstanding - diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
12.38M | shares | 1 Quarter |
| Weighted average shares outstanding - diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
12.44M | shares | 1 Quarter |
Cash Flow Statement
45 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$4.68M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$4.98M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$949.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$961.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$165.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-231.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-56.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-35.00K | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$6.13M | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$2.21M | USD | 1 Quarter |
| Inventories, net |
IncreaseDecreaseInInventories
|
$-151.00K | USD | 1 Quarter |
| Inventories, net |
IncreaseDecreaseInInventories
|
$2.49M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-2.60M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-3.06M | USD | 1 Quarter |
| Accounts with affiliates |
IncreaseDecreaseInDueToAffiliates
|
$862.00K | USD | 1 Quarter |
| Accounts with affiliates |
IncreaseDecreaseInDueToAffiliates
|
$936.00K | USD | 1 Quarter |
| Prepaids and other, net |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$1.04M | USD | 1 Quarter |
| Prepaids and other, net |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$576.00K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-2.16M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-2.38M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$568.00K | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.72M | USD | 1 Quarter |
| Collections |
RepaymentOfNotesReceivableFromRelatedParties
|
$7.70M | USD | 1 Quarter |
| Collections |
RepaymentOfNotesReceivableFromRelatedParties
|
$11.90M | USD | 1 Quarter |
| Advances |
PaymentsForAdvanceToAffiliate
|
$11.60M | USD | 1 Quarter |
| Advances |
PaymentsForAdvanceToAffiliate
|
$7.10M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.12M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-268.00K | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$2.49M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$3.10M | USD | 1 Quarter |
| Treasury stock acquired |
PaymentsForRepurchaseOfCommonStock
|
$755.00K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-3.10M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-3.25M | USD | 1 Quarter |
| Operating, investing and financing activities |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-5.89M | USD | 1 Quarter |
| Operating, investing and financing activities |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-6.37M | USD | 1 Quarter |
| Balance at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$76.58M | USD | Point-in-time |
| Balance at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$70.64M | USD | Point-in-time |
| Balance at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$64.75M | USD | Point-in-time |
| Balance at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$70.20M | USD | Point-in-time |
| Balance at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$76.58M | USD | Point-in-time |
| Balance at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$70.64M | USD | Point-in-time |
| Balance at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$64.75M | USD | Point-in-time |
| Balance at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$70.20M | USD | Point-in-time |
| Cash paid for income taxes |
IncomeTaxesPaidNet
|
$904.00K | USD | 1 Quarter |
| Cash paid for income taxes |
IncomeTaxesPaidNet
|
$446.00K | USD | 1 Quarter |
Stockholders Equity
15 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash dividends per share |
CommonStockDividendsPerShareCashPaid
|
$0.20 | USD | 1 Quarter |
| Cash dividends per share |
CommonStockDividendsPerShareCashPaid
|
$0.25 | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$173.09M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$169.10M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$167.66M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$174.98M | USD | Point-in-time |
| Net income |
NetIncomeLoss
|
$4.68M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$4.98M | USD | 1 Quarter |
| Cash dividends |
DividendsCommonStockCash
|
$2.49M | USD | 1 Quarter |
| Cash dividends |
DividendsCommonStockCash
|
$3.10M | USD | 1 Quarter |
| Acquired |
TreasuryStockValueAcquiredParValueMethod
|
$755.00K | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$173.09M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$169.10M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$167.66M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$174.98M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.