10-Q Filing

METHODE ELECTRONICS INC CIK: 65270 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-046801`
Period End Date	20210731
Filing Date	20210902
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	mei-10q_20210731_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 28 Cash Flow Statement 63 Stockholders Equity 22 Comprehensive Income 8

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.50	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.50	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$233.20M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	39.64M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$207.90M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	39.54M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	1.35M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$282.50M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$276.70M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	1.35M	shares	Point-in-time
Inventories	`InventoryNet`	$142.40M	USD	Point-in-time
Inventories	`InventoryNet`	$124.20M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$13.30M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$11.50M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$22.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$674.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$660.90M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$214.60M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$204.00M	USD	Point-in-time
Goodwill	`Goodwill`	$235.20M	USD	Point-in-time
Goodwill	`Goodwill`	$235.60M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$229.40M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$224.10M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$22.30M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$20.60M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$40.20M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$41.20M	USD	Point-in-time
Pre-production costs	`PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned`	$27.80M	USD	Point-in-time
Pre-production costs	`PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned`	$25.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsMiscellaneousNoncurrent`	$35.60M	USD	Point-in-time
Other long-term assets	`OtherAssetsMiscellaneousNoncurrent`	$35.50M	USD	Point-in-time
Total long-term assets	`OtherAssetsNoncurrent`	$798.10M	USD	Point-in-time
Total long-term assets	`OtherAssetsNoncurrent`	$793.00M	USD	Point-in-time
Total assets	`Assets`	$1.47B	USD	Point-in-time
Total assets	`Assets`	$1.46B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$110.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$122.90M	USD	Point-in-time
Accrued employee liabilities	`EmployeeRelatedLiabilitiesCurrent`	$33.50M	USD	Point-in-time
Accrued employee liabilities	`EmployeeRelatedLiabilitiesCurrent`	$24.10M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$25.00M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$28.70M	USD	Point-in-time
Short-term operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$6.10M	USD	Point-in-time
Short-term operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$5.90M	USD	Point-in-time
Short-term debt	`LongTermDebtCurrent`	$14.90M	USD	Point-in-time
Short-term debt	`LongTermDebtCurrent`	$14.80M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$20.30M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$19.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$204.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$222.70M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$220.60M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$225.20M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$17.50M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$16.10M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$24.80M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$24.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$20.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$21.40M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$37.70M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$38.30M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$326.30M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$320.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$524.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$549.00M	USD	Point-in-time
Common stock, $0.50 par value, 100,000,000 shares authorized, 39,544,645 shares and 39,644,913 shares issued as of July 31, 2021 and May 1, 2021, respectively	`CommonStockValue`	$19.80M	USD	Point-in-time
Common stock, $0.50 par value, 100,000,000 shares authorized, 39,544,645 shares and 39,644,913 shares issued as of July 31, 2021 and May 1, 2021, respectively	`CommonStockValue`	$19.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$157.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$161.20M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.10M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.20M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.90M	USD	Point-in-time
Treasury stock, 1,346,624 shares as of July 31, 2021 and May 1, 2021	`TreasuryStockValue`	$11.50M	USD	Point-in-time
Treasury stock, 1,346,624 shares as of July 31, 2021 and May 1, 2021	`TreasuryStockValue`	$11.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$746.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$761.90M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$918.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$934.30M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$813.80M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$783.40M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.46B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.47B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$190.90M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$287.80M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$145.80M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$216.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$71.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$45.10M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$32.80M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$26.60M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$4.70M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$4.80M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$13.80M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$34.10M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.60M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.10M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$1.80M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$3.40M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.60M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.80M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$5.70M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-5.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.70M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.55	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.77	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.76	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.54	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.11	USD	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$29.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.60M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$900.00K	USD	1 Quarter
Change in cash surrender value of life insurance	`ChangeinCashSurrenderValueofLifeInsurance`	$600.00K	USD	1 Quarter
Change in cash surrender value of life insurance	`ChangeinCashSurrenderValueofLifeInsurance`	$400.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$200.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$200.00K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$400.00K	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$100.00K	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$6.20M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-100.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$37.30M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.70M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$18.50M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-9.10M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$12.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-8.10M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$3.00M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-8.50M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.40M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.70M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.60M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.90M	USD	1 Quarter
Sale of property, plant and equipment	`ProceedsFromSalesOfAssetsInvestingActivities`	$500.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.40M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.60M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.90M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$300.00K	USD	1 Quarter
Repayments of finance leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$100.00K	USD	1 Quarter
Repayments of finance leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$200.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$500.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$100.00K	USD	1 Quarter
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$8.40M	USD	1 Quarter
Cash dividends	`PaymentsOfDividendsCommonStock`	$5.00M	USD	1 Quarter
Cash dividends	`PaymentsOfDividendsCommonStock`	$5.20M	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$4.70M	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$4.10M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-18.30M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.00M	USD	1 Quarter
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.90M	USD	1 Quarter
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.30M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-25.30M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.30M	USD	1 Quarter
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$217.30M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$211.00M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$207.90M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$233.20M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$217.30M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$211.00M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$207.90M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$233.20M	USD	Point-in-time
Interest	`InterestPaidNet`	$900.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$1.50M	USD	1 Quarter
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$7.30M	USD	1 Quarter
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$4.80M	USD	1 Quarter
Operating lease obligations	`OperatingLeasePayments`	$1.90M	USD	1 Quarter
Operating lease obligations	`OperatingLeasePayments`	$2.10M	USD	1 Quarter

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$918.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$934.30M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$813.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$783.40M	USD	Point-in-time
Issuance of restricted stock, net of tax withholding	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-300.00K	USD	1 Quarter
Issuance of restricted stock, net of tax withholding	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-3.90M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$500.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$100.00K	USD	1 Quarter
Purchases of common stock	`StockRepurchasedDuringPeriodValue`	$7.60M	USD	1 Quarter
Purchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	325,462.00	shares	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$900.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$16.70M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-3.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.70M	USD	1 Quarter
Dividends on common stock	`Dividends`	$5.40M	USD	1 Quarter
Dividends on common stock	`Dividends`	$4.10M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$918.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$934.30M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$813.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$783.40M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$29.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.70M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$20.30M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-4.10M	USD	1 Quarter
Derivative financial instruments	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-3.60M	USD	1 Quarter
Derivative financial instruments	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$900.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$37.40M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$25.90M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.