2022 Q3 Form 10-Q Financial Statement

#000158952622000071 Filed on August 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2021 Q4 2021 Q3
Revenue $206.1M $192.2M $196.7M
YoY Change 4.79% -31.7% 3.95%
Cost Of Revenue $184.5M $179.2M $170.5M
YoY Change 8.21% -28.84% 1.43%
Gross Profit $21.59M $13.02M $26.16M
YoY Change -17.45% -56.01% 24.08%
Gross Profit Margin 10.48% 6.77% 13.3%
Selling, General & Admin $20.51M $15.30M $18.07M
YoY Change 13.46% -5.0% 1.57%
% of Gross Profit 94.96% 117.46% 69.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.411M $3.301M $3.335M
YoY Change 2.28% -10.05% -8.38%
% of Gross Profit 15.8% 25.35% 12.75%
Operating Expenses $20.51M $15.50M $18.07M
YoY Change 13.46% -3.16% 1.57%
Operating Profit $1.088M -$2.474M $8.086M
YoY Change -86.54% -118.19% 145.85%
Interest Expense $3.908M -$2.610M $2.805M
YoY Change 39.32% 13.48% 16.58%
% of Operating Profit 359.19% 34.69%
Other Income/Expense, Net $735.0K $285.0K $426.0K
YoY Change 72.54% 42.5% 135.36%
Pretax Income -$2.085M -$4.799M $5.707M
YoY Change -136.53% -141.73% 423.1%
Income Tax $2.860M -$2.079M $1.892M
% Of Pretax Income 33.15%
Net Earnings -$6.435M -$2.388M $4.332M
YoY Change -248.55% -120.07% 236.86%
Net Earnings / Revenue -3.12% -1.24% 2.2%
Basic Earnings Per Share -$0.20 $0.16
Diluted Earnings Per Share -$0.20 -$87.78K $0.16
COMMON SHARES
Basic Shares Outstanding 31.99M shares 27.28M shares 27.17M shares
Diluted Shares Outstanding 31.99M shares 27.43M shares

Balance Sheet

Concept 2022 Q3 2021 Q4 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.51M $11.71M $11.22M
YoY Change 136.2% -73.69% -10.22%
Cash & Equivalents $26.51M $11.71M $11.22M
Short-Term Investments
Other Short-Term Assets $9.901M $9.191M $6.982M
YoY Change 41.81% 11.5% -26.19%
Inventory $216.7M $125.2M $133.5M
Prepaid Expenses
Receivables $13.00M $9.967M $10.45M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $266.1M $156.1M $162.2M
YoY Change 64.08% 33.51% -15.26%
LONG-TERM ASSETS
Property, Plant & Equipment $102.1M $105.5M $106.0M
YoY Change -3.68% 2.04% 1.29%
Goodwill $18.83M $18.83M $18.83M
YoY Change 0.0% 0.0% 0.0%
Intangibles $47.94M $49.44M $49.95M
YoY Change -4.02% -4.24% -4.69%
Long-Term Investments $11.31M $14.82M $14.49M
YoY Change -21.91% 3.47% 21.25%
Other Assets $1.765M $1.481M $1.597M
YoY Change 10.52% 44.91% 40.95%
Total Long-Term Assets $197.0M $199.9M $200.7M
YoY Change -1.85% -0.29% 1.06%
TOTAL ASSETS
Total Short-Term Assets $266.1M $156.1M $162.2M
Total Long-Term Assets $197.0M $199.9M $200.7M
Total Assets $463.2M $356.0M $362.9M
YoY Change 27.61% 12.16% -6.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $129.9M $72.27M $113.2M
YoY Change 14.81% 25.46% 18.44%
Accrued Expenses $25.11M $19.65M $28.53M
YoY Change -11.98% -18.46% 19.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $18.56M $14.85M $13.61M
YoY Change 36.36% 50.0% 37.51%
Total Short-Term Liabilities $186.7M $124.8M $172.2M
YoY Change 8.43% 11.76% 13.22%
LONG-TERM LIABILITIES
Long-Term Debt $135.0M $149.6M $153.0M
YoY Change -11.74% -8.91% -8.09%
Other Long-Term Liabilities $11.88M $14.88M $15.43M
YoY Change -23.02% 3.96% 16.47%
Total Long-Term Liabilities $254.5M $263.9M $237.5M
YoY Change 7.12% 1.89% -20.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $186.7M $124.8M $172.2M
Total Long-Term Liabilities $254.5M $263.9M $237.5M
Total Liabilities $441.2M $388.7M $409.8M
YoY Change 7.67% 4.86% -9.34%
SHAREHOLDERS EQUITY
Retained Earnings -$56.42M -$33.75M -$31.37M
YoY Change 79.87% 0.86% -30.92%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $50.28M $50.28M $50.28M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 1.783M shares
Shareholders Equity $21.99M -$32.66M -$46.81M
YoY Change
Total Liabilities & Shareholders Equity $463.2M $356.0M $362.9M
YoY Change 27.61% 12.16% -6.95%

Cashflow Statement

Concept 2022 Q3 2021 Q4 2021 Q3
OPERATING ACTIVITIES
Net Income -$6.435M -$2.388M $4.332M
YoY Change -248.55% -120.07% 236.86%
Depreciation, Depletion And Amortization $3.411M $3.301M $3.335M
YoY Change 2.28% -10.05% -8.38%
Cash From Operating Activities -$43.04M -$40.00M -$3.038M
YoY Change 1316.75% -148.92% -89.91%
INVESTING ACTIVITIES
Capital Expenditures -$1.270M -$1.908M -$3.294M
YoY Change -61.45% -15.2% 33.36%
Acquisitions
YoY Change
Other Investing Activities $0.00 $2.000K $901.0K
YoY Change -100.0% -90.0%
Cash From Investing Activities -$1.270M -$1.906M -$2.393M
YoY Change -46.93% -14.53% -3.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 55.95M 42.40M -2.063M
YoY Change -2812.22% -189.12% -118.72%
NET CHANGE
Cash From Operating Activities -43.04M -40.00M -3.038M
Cash From Investing Activities -1.270M -1.906M -2.393M
Cash From Financing Activities 55.95M 42.40M -2.063M
Net Change In Cash 11.64M 486.0K -7.494M
YoY Change -255.35% -98.48% -65.23%
FREE CASH FLOW
Cash From Operating Activities -$43.04M -$40.00M -$3.038M
Capital Expenditures -$1.270M -$1.908M -$3.294M
Free Cash Flow -$41.77M -$38.10M $256.0K
YoY Change -16416.8% -145.34% -100.93%

Facts In Submission

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WeightedAverageNumberOfDilutedSharesOutstanding
27428877 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30687406 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27337360 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.74
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.74
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-6435000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
4332000 usd
us-gaap Net Income Loss
NetIncomeLoss
-22664000 usd
us-gaap Net Income Loss
NetIncomeLoss
2099000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-221000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-354000 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-663000 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1061000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
221000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
354000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
663000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1061000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-6214000 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4686000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-22001000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3160000 usd
us-gaap Net Income Loss
NetIncomeLoss
-22664000 usd
us-gaap Net Income Loss
NetIncomeLoss
2099000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10089000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10145000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
3084000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
2219000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3153000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1923000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3505000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
166000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-12000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
681000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1354000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6293000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
350000 usd
blbd Defined Benefit Plan Amortizationof Deferred Gains Losses
DefinedBenefitPlanAmortizationofDeferredGainsLosses
-872000 usd
blbd Defined Benefit Plan Amortizationof Deferred Gains Losses
DefinedBenefitPlanAmortizationofDeferredGainsLosses
-1397000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-561000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-598000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3037000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2828000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
91519000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
77017000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-80000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1682000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
56280000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
55150000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-9928000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-9109000 usd
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-31787000 usd
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-16337000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-54451000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14238000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
4748000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
10304000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
901000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4748000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9403000 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
15000000 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
0 usd
us-gaap Repayments Of Medium Term Notes
RepaymentsOfMediumTermNotes
11138000 usd
us-gaap Repayments Of Medium Term Notes
RepaymentsOfMediumTermNotes
7425000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
993000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1147000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2468000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2476000 usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
75000000 usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
202000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1503000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
518000 usd
blbd Payments For Proceeds From Tax Withholding Share Based Payment Arrangement
PaymentsForProceedsFromTaxWithholdingShareBasedPaymentArrangement
-303000 usd
blbd Payments For Proceeds From Tax Withholding Share Based Payment Arrangement
PaymentsForProceedsFromTaxWithholdingShareBasedPaymentArrangement
-1923000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
73999000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9643000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
14800000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-33284000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11709000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
44507000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26509000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11223000 usd
us-gaap Interest Paid Net
InterestPaidNet
10408000 usd
us-gaap Interest Paid Net
InterestPaidNet
8855000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
48000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
52000 usd
blbd Increase Decrease Capital Expenditures Incurredbut Not Yet Paid
IncreaseDecreaseCapitalExpendituresIncurredbutNotYetPaid
1718000 usd
blbd Increase Decrease Capital Expenditures Incurredbut Not Yet Paid
IncreaseDecreaseCapitalExpendituresIncurredbutNotYetPaid
400000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
107000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
27578000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
623000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-6435000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
221000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21987000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-52588000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
794000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
297000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
4332000 usd
CY2021Q3 blbd Other Comprehensive Income Loss Including Hedging Adjustment Net Of Tax
OtherComprehensiveIncomeLossIncludingHedgingAdjustmentNetOfTax
354000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
74798000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
284000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3046000 usd
us-gaap Net Income Loss
NetIncomeLoss
-22664000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
663000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21987000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-53230000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1922000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1854000 usd
us-gaap Net Income Loss
NetIncomeLoss
2099000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1061000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-46811000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates and Assumptions </span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions. At the date of the financial statements, these estimates and assumptions affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities, and during the reporting period, these estimates and assumptions affect the reported </span></div>amounts of revenues and expenses. For example, significant management judgments are required in determining excess, obsolete, or unsalable inventory; the allowance for doubtful accounts; potential impairment of long-lived assets, goodwill and intangible assets; and the accounting for self-insurance reserves, warranty reserves, pension obligations, income taxes, environmental liabilities and contingencies. Future events, including the extent and duration of COVID-19 related economic impacts, and their effects cannot be predicted with certainty, and, accordingly, the Company’s accounting estimates require the exercise of judgment. The accounting estimates used in the preparation of the Company’s condensed consolidated financial statements may change as new events occur, as more experience is acquired, as additional information is obtained and as the Company’s operating environment changes. The Company evaluates and updates its assumptions and estimates on an ongoing basis and may employ outside experts to assist in the Company’s evaluations. Actual results could differ from the estimates that the Company has used.
CY2022Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
152191000 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
74862000 usd
CY2022Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
59832000 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
41257000 usd
CY2022Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
4702000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
9087000 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
216725000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
125206000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
16985000 usd
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
19181000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
18550000 usd
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21374000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1894000 usd
CY2021Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
2040000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
5181000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4932000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
-2735000 usd
CY2021Q3 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
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us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
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us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
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CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
16144000 usd
CY2021Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
18780000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
16144000 usd
CY2021Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
18780000 usd
CY2022Q2 us-gaap Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
18414000 usd
CY2021Q2 us-gaap Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
20724000 usd
CY2021Q4 us-gaap Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
20144000 usd
CY2020Q4 us-gaap Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
22588000 usd
CY2022Q3 us-gaap Extended Product Warranty Accrual Warranties Issued
ExtendedProductWarrantyAccrualWarrantiesIssued
1908000 usd
CY2021Q3 us-gaap Extended Product Warranty Accrual Warranties Issued
ExtendedProductWarrantyAccrualWarrantiesIssued
1921000 usd
us-gaap Extended Product Warranty Accrual Warranties Issued
ExtendedProductWarrantyAccrualWarrantiesIssued
4268000 usd
us-gaap Extended Product Warranty Accrual Warranties Issued
ExtendedProductWarrantyAccrualWarrantiesIssued
4421000 usd
CY2022Q3 us-gaap Extended Product Warranty Accrual Preexisting Increase Decrease
ExtendedProductWarrantyAccrualPreexistingIncreaseDecrease
-2184000 usd
CY2021Q3 us-gaap Extended Product Warranty Accrual Preexisting Increase Decrease
ExtendedProductWarrantyAccrualPreexistingIncreaseDecrease
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us-gaap Extended Product Warranty Accrual Preexisting Increase Decrease
ExtendedProductWarrantyAccrualPreexistingIncreaseDecrease
-6274000 usd
us-gaap Extended Product Warranty Accrual Preexisting Increase Decrease
ExtendedProductWarrantyAccrualPreexistingIncreaseDecrease
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CY2022Q3 us-gaap Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
18138000 usd
CY2021Q3 us-gaap Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
20508000 usd
CY2022Q3 us-gaap Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
18138000 usd
CY2021Q3 us-gaap Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
20508000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2000000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
6500000 usd
CY2022Q3 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
1805000 usd
CY2022Q3 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
3876000 usd
CY2021Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
2781000 usd
CY2021Q4 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
1732000 usd
CY2022Q3 us-gaap Self Insurance Reserve
SelfInsuranceReserve
5681000 usd
CY2021Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
4513000 usd
CY2022Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1092000 usd
CY2021Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1057000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
3276000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
3171000 usd
CY2022Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2122000 usd
CY2021Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1944000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
6366000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
5832000 usd
CY2022Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
291000 usd
CY2021Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
466000 usd
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
873000 usd
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
1397000 usd
CY2022Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2021Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2022Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
291000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
466000 usd
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
873000 usd
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
1397000 usd
CY2022Q3 us-gaap Amount Recognized In Net Periodic Benefit Cost And Other Comprehensive Income Loss Before Tax
AmountRecognizedInNetPeriodicBenefitCostAndOtherComprehensiveIncomeLossBeforeTax
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CY2021Q3 us-gaap Amount Recognized In Net Periodic Benefit Cost And Other Comprehensive Income Loss Before Tax
AmountRecognizedInNetPeriodicBenefitCostAndOtherComprehensiveIncomeLossBeforeTax
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us-gaap Amount Recognized In Net Periodic Benefit Cost And Other Comprehensive Income Loss Before Tax
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us-gaap Amount Recognized In Net Periodic Benefit Cost And Other Comprehensive Income Loss Before Tax
AmountRecognizedInNetPeriodicBenefitCostAndOtherComprehensiveIncomeLossBeforeTax
-2661000 usd
CY2018Q4 blbd Derivative Cap Interest Rate Term
DerivativeCapInterestRateTerm
P4Y
CY2018Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
150000000 usd
CY2018Q4 us-gaap Derivative Floor Interest Rate
DerivativeFloorInterestRate
0.015
CY2018Q4 us-gaap Derivative Cap Interest Rate
DerivativeCapInterestRate
0.033
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
0 usd
CY2021Q4 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
75000000 usd
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
18563000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
14850000 usd
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
135035000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
149573000 usd
CY2022Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
3900000 usd
CY2021Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
2800000 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
3713000 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
151600000 usd
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
155313000 usd
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-1.372
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.332
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.248
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.315
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q3 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
3000000 usd
blbd Guarantor Obligations Term1
GuarantorObligationsTerm1
P0Y6M
CY2022Q3 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
3000000 usd
CY2022Q3 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
100000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
206083000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
196659000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
542965000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
491791000 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
21593000 usd
CY2021Q3 us-gaap Gross Profit
GrossProfit
26159000 usd
us-gaap Gross Profit
GrossProfit
40947000 usd
us-gaap Gross Profit
GrossProfit
59120000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2085000 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5707000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-25476000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2821000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
206083000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
196659000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
542965000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
491791000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
206083000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
196659000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
542965000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
491791000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-6435000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
4332000 usd
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Net Income Loss
NetIncomeLoss
-22664000 usd
us-gaap Net Income Loss
NetIncomeLoss
2099000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31990860 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27172162 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30687406 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27116915 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31990860 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27428877 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30687406 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27337360 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.74
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.74
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
600000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares

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