2019 Form 10-K Financial Statement

#000143774919011913 Filed on June 13, 2019

View on sec.gov

Income Statement

Concept 2019 2018 Q2 2018
Revenue $76.38M $22.70M $70.27M
YoY Change 8.7% 31.21% 6.51%
Cost Of Revenue $54.07M $16.80M $50.49M
YoY Change 7.1% 38.84% 8.43%
Gross Profit $22.31M $5.900M $19.78M
YoY Change 12.78% 13.46% 1.9%
Gross Profit Margin 29.2% 25.99% 28.15%
Selling, General & Admin $15.19M $3.600M $14.27M
YoY Change 6.46% 56.52% 33.25%
% of Gross Profit 68.11% 61.02% 72.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $640.0K $370.0K $1.170M
YoY Change -45.3% 68.18% 25.81%
% of Gross Profit 2.87% 6.27% 5.92%
Operating Expenses $15.19M $3.800M $14.27M
YoY Change 6.46% 46.15% 33.25%
Operating Profit $7.113M $2.100M $5.507M
YoY Change 29.16% -19.23% -36.7%
Interest Expense $325.0K -$100.0K $162.0K
YoY Change 100.62% 138.24%
% of Operating Profit 4.57% -4.76% 2.94%
Other Income/Expense, Net $3.000K $0.00 -$3.000K
YoY Change -200.0% -175.0%
Pretax Income $6.791M $1.900M $5.421M
YoY Change 25.27% -29.63% -38.37%
Income Tax $1.772M $600.0K $2.400M
% Of Pretax Income 26.09% 31.58% 44.27%
Net Earnings $5.019M $1.200M $3.021M
YoY Change 66.14% -25.0% -45.78%
Net Earnings / Revenue 6.57% 5.29% 4.3%
Basic Earnings Per Share $0.50 $0.30
Diluted Earnings Per Share $0.50 $118.8K $0.30
COMMON SHARES
Basic Shares Outstanding 10.09M 10.07M
Diluted Shares Outstanding 10.09M 10.08M

Balance Sheet

Concept 2019 2018 Q2 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $100.0K $200.0K $200.0K
YoY Change -50.0% -97.47% -97.47%
Cash & Equivalents $100.0K $215.0K $200.0K
Short-Term Investments
Other Short-Term Assets $1.200M $1.300M $1.300M
YoY Change -7.69% -27.78% -27.78%
Inventory $19.50M $19.79M $19.80M
Prepaid Expenses $1.253M
Receivables $17.30M $18.50M $15.40M
Other Receivables $500.0K $3.051M $3.100M
Total Short-Term Assets $38.70M $39.75M $39.80M
YoY Change -2.76% -3.3% -3.16%
LONG-TERM ASSETS
Property, Plant & Equipment $1.900M $1.778M $1.800M
YoY Change 5.56% 303.17% 350.0%
Goodwill $7.125M
YoY Change 532.77%
Intangibles $7.272M
YoY Change 132.48%
Long-Term Investments
YoY Change
Other Assets $600.0K $120.0K $700.0K
YoY Change -14.29% -13.67% -50.0%
Total Long-Term Assets $16.10M $16.83M $16.80M
YoY Change -4.17% 177.03% 175.41%
TOTAL ASSETS
Total Short-Term Assets $38.70M $39.75M $39.80M
Total Long-Term Assets $16.10M $16.83M $16.80M
Total Assets $54.80M $56.58M $56.60M
YoY Change -3.18% 19.92% 19.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.200M $3.766M $3.800M
YoY Change 10.53% -26.86% -25.49%
Accrued Expenses $2.600M $2.200M $2.200M
YoY Change 18.18% 57.14% 57.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.700M $6.788M $6.800M
YoY Change 13.24% -10.37% -10.53%
LONG-TERM LIABILITIES
Long-Term Debt $4.500M $9.458M $9.500M
YoY Change -52.63%
Other Long-Term Liabilities $1.200M $1.000M $1.000M
YoY Change 20.0% 42.86% 42.86%
Total Long-Term Liabilities $5.700M $10.48M $10.50M
YoY Change -45.71% 1422.53% 1400.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.700M $6.788M $6.800M
Total Long-Term Liabilities $5.700M $10.48M $10.50M
Total Liabilities $13.40M $17.26M $17.30M
YoY Change -22.54% 108.97% 108.43%
SHAREHOLDERS EQUITY
Retained Earnings -$1.450M
YoY Change 16.37%
Common Stock $53.00M
YoY Change 1.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $12.23M
YoY Change 0.46%
Treasury Stock Shares $2.408M
Shareholders Equity $41.40M $39.32M $39.30M
YoY Change
Total Liabilities & Shareholders Equity $54.80M $56.58M $56.60M
YoY Change -3.18% 19.92% 19.92%

Cashflow Statement

Concept 2019 2018 Q2 2018
OPERATING ACTIVITIES
Net Income $5.019M $1.200M $3.021M
YoY Change 66.14% -25.0% -45.78%
Depreciation, Depletion And Amortization $640.0K $370.0K $1.170M
YoY Change -45.3% 68.18% 25.81%
Cash From Operating Activities $8.974M -$6.180M $2.453M
YoY Change 265.84% 296.15% -76.39%
INVESTING ACTIVITIES
Capital Expenditures $751.0K -$60.00K $221.0K
YoY Change 239.82% 50.0% 15.71%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$15.25M
YoY Change -100.0%
Cash From Investing Activities -$751.0K -$60.00K -$15.47M
YoY Change -95.14% 50.0% 7997.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $95.00K $56.00K
YoY Change 69.64% -65.22%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.295M 6.340M 5.336M
YoY Change -255.45% -229.39% -154.01%
NET CHANGE
Cash From Operating Activities 8.974M -6.180M 2.453M
Cash From Investing Activities -751.0K -60.00K -15.47M
Cash From Financing Activities -8.295M 6.340M 5.336M
Net Change In Cash -72.00K 100.0K -7.677M
YoY Change -99.06% -101.54% -2514.15%
FREE CASH FLOW
Cash From Operating Activities $8.974M -$6.180M $2.453M
Capital Expenditures $751.0K -$60.00K $221.0K
Free Cash Flow $8.223M -$6.120M $2.232M
YoY Change 268.41% 302.63% -78.11%

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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><div style="display: inline; font-style: italic;">Credit Concentration:</div> The Company&#x2019;s accounts receivable at <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>amounted to <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$17.8</div> million, net of allowances of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$407,000.</div> Of this amount, <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$17.3</div> million was due from CIT under the factoring agreements, which amount represents the maximum loss that the Company could incur if CIT failed completely to perform its obligations under the factoring agreements.</div></div></div></div></div></div></div></div></div>
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CY2019Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2019 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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CY2019 us-gaap Depreciation And Amortization
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CY2018 us-gaap Depreciation And Amortization
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CY2019 us-gaap Dividends Common Stock
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CY2019Q1 us-gaap Dividends Payable Current And Noncurrent
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CY2018Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
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CY2018 us-gaap Earnings Per Share Basic
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EarningsPerShareDiluted
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CY2018 us-gaap Earnings Per Share Diluted
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CY2018 us-gaap Effective Income Tax Rate Continuing Operations
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CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2019 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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CY2019 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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CY2019 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2018 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2019Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
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22900000
CY2018Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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5421000
CY2019 us-gaap Income Tax Expense Benefit
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CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2018 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
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CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2018 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2019 us-gaap Income Tax Reconciliation Tax Credits
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CY2018 us-gaap Increase Decrease In Inventories
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CY2018 us-gaap Increase Decrease In Other Operating Assets
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CY2019 us-gaap Increase Decrease In Prepaid Expense
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CY2018 us-gaap Increase Decrease In Prepaid Expense
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CY2019Q1 us-gaap Intangible Assets Net Excluding Goodwill
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CY2019Q1 us-gaap Inventory Net
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CY2019Q1 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
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CY2019 us-gaap Investment Income Interest
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CY2019 us-gaap Nature Of Operations
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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5336000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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-751000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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8974000
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2453000
CY2019 us-gaap Net Income Loss
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5019000
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1
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us-gaap Number Of Reportable Segments
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2
CY2019 us-gaap Operating Income Loss
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7113000
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5507000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due
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1900000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due Current
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1400000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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42000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
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CY2019 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
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63000
CY2019Q1 us-gaap Other Accrued Liabilities Current
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CY2018Q2 us-gaap Other Accrued Liabilities Current
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CY2019Q1 us-gaap Other Assets Noncurrent
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CY2018Q2 us-gaap Other Assets Noncurrent
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120000
CY2019Q1 us-gaap Other Finite Lived Intangible Assets Gross
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3159000
CY2019 us-gaap Other Nonoperating Income Expense
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3000
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CY2019Q1 us-gaap Other Receivables Net Current
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522000
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3051000
CY2019 us-gaap Payments For Repurchase Of Common Stock
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95000
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56000
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56000
CY2019 us-gaap Payments To Acquire Businesses Gross
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15245000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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751000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
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CY2019Q1 us-gaap Prepaid Expense Current
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CY2018Q2 us-gaap Prepaid Expense Current
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1253000
CY2019 us-gaap Prior Period Reclassification Adjustment Description
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><div style="display: inline; font-style: italic;">Reclassifications:</div><div style="display: inline; font-style: italic;"> </div>The Company has classified certain prior year information to conform to the amounts presented in the current year. <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">None</div> of the changes impact the Company&#x2019;s previously reported financial position or results of operations.</div></div></div></div></div></div></div></div></div>
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25371000
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CY2019Q1 us-gaap Property Plant And Equipment Other
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CY2018Q2 us-gaap Property Plant And Equipment Other
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268000
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CY2019 us-gaap Repayments Of Long Term Capital Lease Obligations
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CY2019 us-gaap Repayments Of Long Term Lines Of Credit
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CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
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338000
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
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CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
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RevenueFromContractWithCustomerIncludingAssessedTax
70270000
CY2019 us-gaap Royalty Expense
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CY2018 us-gaap Royalty Expense
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7200000
CY2019 us-gaap Selling General And Administrative Expense
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15194000
CY2018 us-gaap Selling General And Administrative Expense
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14272000
CY2019 us-gaap Share Based Compensation
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377000
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
539000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
41726
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
20604
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
246000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
167000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
292500
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
220000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
8.03
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
7.94
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
47500
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
67500
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
110000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
140000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2000
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
395000
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
322500
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
457500
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.93
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.35
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.45
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
7.83
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
9.05
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.90
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
7.35
CY2019Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
292500
CY2019Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
457500
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2000
CY2019Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
8.03
CY2019Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
7.45
CY2019 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P7Y76D
CY2019 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
305000
CY2018 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
218000
CY2019 us-gaap Stock Issued1
StockIssued1
CY2018 us-gaap Stock Issued1
StockIssued1
116000
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
116000
CY2019 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
41388000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
39318000
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
38923000
CY2019 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
5.87
CY2018 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
8.10
CY2019Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
2424231
CY2018Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
2408025
CY2019 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
16000
CY2018 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
7000
CY2019Q1 us-gaap Treasury Stock Value
TreasuryStockValue
12326000
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
12231000
CY2018 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
56000
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
95000
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
CY2019 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
90000
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
96000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
87000
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
113000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
90000
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
96000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><div style="display: inline; font-style: italic;">Use of Estimates:</div> The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated balance sheets and the reported amounts of revenues and expenses during the periods presented on the consolidated statements of income and cash flows. Significant estimates are made with respect to the allowances related to accounts receivable for customer deductions for returns, allowances and disputes. The Company also has a certain amount of discontinued finished goods which necessitates the establishment of inventory reserves that are highly subjective. Actual results could differ materially from those estimates.</div></div></div></div></div></div></div></div></div>
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
7000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10094000
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10079000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10092000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10072000

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