$FLXS
FLEXSTEEL INDUSTRIES INC

2021 Q3 Form 10-Q Financial Statement

#000003747221000028 Filed on October 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3 2020 Q2
Revenue $137.7M $105.2M $64.81M
YoY Change 30.83% 4.87% -35.33%
Cost Of Revenue $114.3M $82.42M $55.90M
YoY Change 38.65% -0.85% -41.1%
Gross Profit $23.41M $22.82M $5.934M
YoY Change 2.61% 32.48% 10.98%
Gross Profit Margin 17.0% 21.68% 9.16%
Selling, General & Admin $18.79M $14.18M $13.90M
YoY Change 32.52% -18.88% -26.06%
% of Gross Profit 80.24% 62.13% 234.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.327M $1.360M $1.700M
YoY Change -2.43% -45.25% -2.86%
% of Gross Profit 5.67% 5.96% 28.65%
Operating Expenses $18.79M $14.18M $13.90M
YoY Change 32.52% -18.88% -26.06%
Operating Profit $5.873M $7.911M -$31.66M
YoY Change -25.76% -37.63% 19.02%
Interest Expense $203.0K -$100.0K
YoY Change
% of Operating Profit 3.46%
Other Income/Expense, Net -$2.000K $0.00 $400.0K
YoY Change -100.0% 300.0%
Pretax Income $5.668M $7.960M -$31.30M
YoY Change -28.79% -37.66% 18.56%
Income Tax $1.315M $4.081M -$5.600M
% Of Pretax Income 23.2% 51.27%
Net Earnings $4.353M $3.879M -$25.74M
YoY Change 12.22% -59.39% 29.25%
Net Earnings / Revenue 3.16% 3.69% -39.72%
Basic Earnings Per Share $0.64 $0.50 -$3.23
Diluted Earnings Per Share $0.61 $0.49 -$3.23
COMMON SHARES
Basic Shares Outstanding 6.834M 7.702M 8.001M
Diluted Shares Outstanding 7.090M 7.908M

Balance Sheet

Concept 2021 Q3 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.995M $36.50M $48.20M
YoY Change -89.05% 0.83% 117.12%
Cash & Equivalents $3.995M $36.55M $48.20M
Short-Term Investments
Other Short-Term Assets $10.87M $20.83M $18.54M
YoY Change -47.82% 369.92% 55.7%
Inventory $193.7M $75.74M $70.57M
Prepaid Expenses
Receivables $48.25M $39.78M $32.22M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $257.4M $186.0M $181.8M
YoY Change 38.4% 9.05% 9.57%
LONG-TERM ASSETS
Property, Plant & Equipment $39.16M $41.50M $43.31M
YoY Change -5.64% -45.74% -45.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.391M $1.297M $1.310M
YoY Change 7.25% -2.63% -13.7%
Total Long-Term Assets $66.47M $53.21M $55.42M
YoY Change 24.9% -45.09% -37.26%
TOTAL ASSETS
Total Short-Term Assets $257.4M $186.0M $181.8M
Total Long-Term Assets $66.47M $53.21M $55.42M
Total Assets $323.9M $239.2M $237.3M
YoY Change 35.4% -10.57% -6.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $44.95M $28.80M $27.70M
YoY Change 56.07% 98.62% 50.54%
Accrued Expenses $31.02M $29.40M $25.70M
YoY Change 5.52% -2.97% -12.59%
Deferred Revenue $200.0K
YoY Change -81.82%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $75.97M $58.17M $53.46M
YoY Change 30.6% 29.94% 11.93%
LONG-TERM LIABILITIES
Long-Term Debt $53.05M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.184M $927.0K $685.0K
YoY Change 27.72% 32.81% -37.5%
Total Long-Term Liabilities $1.184M $927.0K $685.0K
YoY Change 27.72% 32.81% -37.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $75.97M $58.17M $53.46M
Total Long-Term Liabilities $1.184M $927.0K $685.0K
Total Liabilities $153.6M $68.58M $61.75M
YoY Change 123.99% 29.53% 26.39%
SHAREHOLDERS EQUITY
Retained Earnings $160.4M $140.8M $137.3M
YoY Change 13.95% -20.79% -19.23%
Common Stock $8.143M $8.065M $8.008M
YoY Change 0.97% 1.55% 1.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $33.24M $10.56M $1.563M
YoY Change 214.64%
Treasury Stock Shares $1.333M $628.0K $132.0K
Shareholders Equity $170.3M $170.6M $175.5M
YoY Change
Total Liabilities & Shareholders Equity $323.9M $239.2M $237.3M
YoY Change 35.4% -10.57% -6.7%

Cashflow Statement

Concept 2021 Q3 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $4.353M $3.879M -$25.74M
YoY Change 12.22% -59.39% 29.25%
Depreciation, Depletion And Amortization $1.327M $1.360M $1.700M
YoY Change -2.43% -45.25% -2.86%
Cash From Operating Activities -$44.32M -$2.186M $4.400M
YoY Change 1927.22% -34.14% -175.47%
INVESTING ACTIVITIES
Capital Expenditures $821.0K $360.0K -$430.0K
YoY Change 128.06% -29.69% -42.67%
Acquisitions
YoY Change
Other Investing Activities $1.450M $680.0K $10.00K
YoY Change 113.24% -96.54% -95.24%
Cash From Investing Activities $629.0K $319.0K -$410.0K
YoY Change 97.18% -98.33% -24.07%
FINANCING ACTIVITIES
Cash Dividend Paid $1.050M $454.0K
YoY Change 131.28% -73.88%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 46.34M -9.783M -18.32M
YoY Change -573.67% 441.99% -91700.0%
NET CHANGE
Cash From Operating Activities -44.32M -2.186M 4.400M
Cash From Investing Activities 629.0K 319.0K -410.0K
Cash From Financing Activities 46.34M -9.783M -18.32M
Net Change In Cash 2.653M -11.65M -14.33M
YoY Change -122.77% -183.28% 125.67%
FREE CASH FLOW
Cash From Operating Activities -$44.32M -$2.186M $4.400M
Capital Expenditures $821.0K $360.0K -$430.0K
Free Cash Flow -$45.14M -$2.546M $4.830M
YoY Change 1672.82% -33.54% -195.08%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q3 dei Amendment Flag
AmendmentFlag
false
CY2021Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2021Q3 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2021Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2021Q3 dei Entity Central Index Key
EntityCentralIndexKey
0000037472
CY2021Q3 dei Document Type
DocumentType
10-Q
CY2021Q3 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2021Q3 dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
CY2021Q3 dei Document Transition Report
DocumentTransitionReport
false
CY2021Q3 dei Entity File Number
EntityFileNumber
0-5151
CY2021Q3 dei Entity Registrant Name
EntityRegistrantName
FLEXSTEEL INDUSTRIES, INC.
CY2021Q3 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MN
CY2021Q3 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
42-0442319
CY2021Q3 dei Entity Address Address Line1
EntityAddressAddressLine1
385 BELL STREET
CY2021Q3 dei Entity Address City Or Town
EntityAddressCityOrTown
DUBUQUE
CY2021Q3 dei Entity Address State Or Province
EntityAddressStateOrProvince
IA
CY2021Q3 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
52001-0877
CY2021Q3 dei City Area Code
CityAreaCode
563
CY2021Q3 dei Local Phone Number
LocalPhoneNumber
556-7730
CY2021Q3 dei Security12b Title
Security12bTitle
Common Stock
CY2021Q3 dei Trading Symbol
TradingSymbol
FLXS
CY2021Q3 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2021Q3 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2021Q3 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2021Q3 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2021Q3 dei Entity Small Business
EntitySmallBusiness
true
CY2021Q3 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2021Q3 dei Entity Shell Company
EntityShellCompany
false
CY2021Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
6765770
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3995000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1342000
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3360000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3240000
CY2021Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
48246000
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
55986000
CY2021Q3 us-gaap Inventory Net
InventoryNet
193700000
CY2021Q2 us-gaap Inventory Net
InventoryNet
161125000
CY2021Q3 us-gaap Other Assets Current
OtherAssetsCurrent
10868000
CY2021Q2 us-gaap Other Assets Current
OtherAssetsCurrent
9421000
CY2021Q3 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
616000
CY2021Q2 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
666000
CY2021Q3 us-gaap Assets Current
AssetsCurrent
257425000
CY2021Q2 us-gaap Assets Current
AssetsCurrent
228540000
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
39159000
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
39783000
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
25915000
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
27057000
CY2021Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1391000
CY2021Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1399000
CY2021Q3 us-gaap Assets
Assets
323890000
CY2021Q2 us-gaap Assets
Assets
296779000
CY2021Q3 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
44948000
CY2021Q2 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
67773000
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5664000
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5833000
CY2021Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
6357000
CY2021Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
7662000
CY2021Q3 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
2935000
CY2021Q2 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
3062000
CY2021Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
1392000
CY2021Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
1522000
CY2021Q3 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
5001000
CY2021Q2 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
5196000
CY2021Q3 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
3570000
CY2021Q2 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
3570000
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6103000
CY2021Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5133000
CY2021Q3 us-gaap Liabilities Current
LiabilitiesCurrent
75970000
CY2021Q2 us-gaap Liabilities Current
LiabilitiesCurrent
99751000
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
23412000
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
24317000
CY2021Q3 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
53053000
CY2021Q2 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
3500000
CY2021Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1184000
CY2021Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1243000
CY2021Q3 us-gaap Liabilities
Liabilities
153619000
CY2021Q2 us-gaap Liabilities
Liabilities
128811000
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
15000000
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
15000000
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8143000
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6810000
CY2021Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8133000
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6848000
CY2021Q3 us-gaap Common Stock Value
CommonStockValue
8143000
CY2021Q2 us-gaap Common Stock Value
CommonStockValue
8133000
CY2021Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
34917000
CY2021Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
34015000
CY2021Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
1333000
CY2021Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1284000
CY2021Q3 us-gaap Treasury Stock Value
TreasuryStockValue
33235000
CY2021Q2 us-gaap Treasury Stock Value
TreasuryStockValue
31320000
CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
160446000
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
157140000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
170271000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
167968000
CY2021Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
323890000
CY2021Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
296779000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
137689000
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
105239000
CY2021Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
114279000
CY2020Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
82424000
CY2021Q3 us-gaap Gross Profit
GrossProfit
23410000
CY2020Q3 us-gaap Gross Profit
GrossProfit
22815000
CY2021Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
18785000
CY2020Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14175000
CY2021Q3 us-gaap Restructuring Charges
RestructuringCharges
152000
CY2020Q3 us-gaap Restructuring Charges
RestructuringCharges
1381000
CY2021Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1400000
CY2020Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
652000
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
5873000
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
7911000
CY2021Q3 us-gaap Interest Expense
InterestExpense
203000
CY2021Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
2000
CY2020Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
49000
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5668000
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7960000
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1315000
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4081000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
4353000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
3879000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6834000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7702000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7090000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7908000
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.61
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
167968000
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1162000
CY2021Q3 flxs Stock Vested Value Restricted Stock Units And Restricted Shares
StockVestedValueRestrictedStockUnitsAndRestrictedShares
-250000
CY2021Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1915000
CY2021Q3 us-gaap Dividends Cash
DividendsCash
1047000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
4353000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
170271000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
175505000
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
956000
CY2020Q3 flxs Stock Vested Value Restricted Stock Units And Restricted Shares
StockVestedValueRestrictedStockUnitsAndRestrictedShares
-332000
CY2020Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
9000000
CY2020Q3 us-gaap Dividends Cash
DividendsCash
383000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
3879000
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
170625000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
4353000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
3879000
CY2021Q3 us-gaap Depreciation
Depreciation
1327000
CY2020Q3 us-gaap Depreciation
Depreciation
1360000
CY2020Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2111000
CY2021Q3 us-gaap Share Based Compensation
ShareBasedCompensation
1162000
CY2020Q3 us-gaap Share Based Compensation
ShareBasedCompensation
954000
CY2021Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
120000
CY2020Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-25000
CY2021Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
1400000
CY2020Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
637000
CY2021Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-7620000
CY2020Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7542000
CY2021Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
32574000
CY2020Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5173000
CY2021Q3 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1449000
CY2020Q3 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
2293000
CY2021Q3 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-8000
CY2020Q3 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-13000
CY2021Q3 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-22706000
CY2020Q3 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1054000
CY2021Q3 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-726000
CY2020Q3 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3870000
CY2021Q3 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-50000
CY2020Q3 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
243000
CY2021Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-44315000
CY2020Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2186000
CY2020Q3 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
8000
CY2020Q3 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
8000
CY2021Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1450000
CY2020Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
679000
CY2021Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
821000
CY2020Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
360000
CY2021Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
629000
CY2020Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
319000
CY2021Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
1050000
CY2020Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
454000
CY2021Q3 flxs Payments For Treasury Stock Purchase
PaymentsForTreasuryStockPurchase
1915000
CY2020Q3 flxs Payments For Treasury Stock Purchase
PaymentsForTreasuryStockPurchase
9000000
CY2021Q3 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
74565000
CY2021Q3 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
25013000
CY2021Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
248000
CY2020Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
329000
CY2021Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
46339000
CY2020Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9783000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
2653000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-11650000
CY2021Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1074000
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1035000
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2741000
CY2021Q3 us-gaap Interest Paid Net
InterestPaidNet
157000
CY2021Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
741000
CY2020Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-388000
CY2021Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
119000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1342000
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
48197000
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3995000
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
36547000
CY2021Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
26460000
CY2021Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
22500000
CY2021Q3 us-gaap Inventory Finished Goods And Work In Process Net Of Reserves
InventoryFinishedGoodsAndWorkInProcessNetOfReserves
7267000
CY2021Q2 us-gaap Inventory Finished Goods And Work In Process Net Of Reserves
InventoryFinishedGoodsAndWorkInProcessNetOfReserves
6234000
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
159973000
CY2021Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
132391000
CY2021Q3 us-gaap Inventory Net
InventoryNet
193700000
CY2021Q2 us-gaap Inventory Net
InventoryNet
161125000
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1389000
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1074000
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
75000
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
69000
CY2021Q3 us-gaap Lease Cost
LeaseCost
1464000
CY2020Q3 us-gaap Lease Cost
LeaseCost
1143000
CY2021Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1074000
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1035000
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2741000
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y9M18D
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y7M6D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.029
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.033
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6591000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4601000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5517000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4327000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4563000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3159000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2620000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2189000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2469000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
200000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
11273000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
33033000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
14476000
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3957000
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
809000
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
29076000
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
13667000
CY2021Q3 us-gaap Restructuring Costs
RestructuringCosts
152000
CY2020Q3 us-gaap Restructuring Costs
RestructuringCosts
1381000
CY2021Q2 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
1522000
CY2021Q3 us-gaap Restructuring Costs
RestructuringCosts
152000
CY2021Q3 us-gaap Payments For Restructuring
PaymentsForRestructuring
282000
CY2021Q3 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
1392000
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.232
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.513
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
1162000
CY2020Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
954000
CY2021Q3 flxs Share Based Compensation Arrangement By Share Based Payment Award Number Of Plans
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPlans
2
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
232000
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.91
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
7000
CY2021Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
45.18
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
225000
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.22
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6834000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7702000
CY2021Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
163000
CY2020Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
72000
CY2021Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
93000
CY2020Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
134000
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
256000
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
206000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7090000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7908000
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
16000
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2016Q3 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
3600000
CY2017Q3 us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
5500000
CY2018Q2 us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
3600000
CY2018Q2 us-gaap Liabilities
Liabilities
3600000

Files In Submission

Name View Source Status
0000037472-21-000028-index-headers.html Edgar Link pending
0000037472-21-000028-index.html Edgar Link pending
0000037472-21-000028.txt Edgar Link pending
0000037472-21-000028-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
flxs-20210930.xsd Edgar Link pending
flxs-20210930x10q.htm Edgar Link pending
flxs-20210930x10q_htm.xml Edgar Link completed
flxs-20210930xex31_1.htm Edgar Link pending
flxs-20210930xex31_2.htm Edgar Link pending
flxs-20210930xex32.htm Edgar Link pending
flxs-20210930_cal.xml Edgar Link unprocessable
flxs-20210930_def.xml Edgar Link unprocessable
flxs-20210930_lab.xml Edgar Link unprocessable
flxs-20210930_pre.xml Edgar Link unprocessable
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending