$FLXS
FLEXSTEEL INDUSTRIES INC

2021 Q4 Form 10-Q Financial Statement

#000003747222000010 Filed on January 28, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q4
Revenue $141.7M $119.1M
YoY Change 18.94% 15.69%
Cost Of Revenue $132.1M $94.73M
YoY Change 39.5% 9.01%
Gross Profit $9.527M $24.38M
YoY Change -60.92% 51.89%
Gross Profit Margin 6.72% 20.47%
Selling, General & Admin $17.54M $18.91M
YoY Change -7.24% 4.55%
% of Gross Profit 184.12% 77.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.335M $1.330M
YoY Change 0.38% -45.71%
% of Gross Profit 14.01% 5.46%
Operating Expenses $17.54M $18.91M
YoY Change -7.24% 4.55%
Operating Profit -$8.636M $9.833M
YoY Change -187.83% -238.9%
Interest Expense $223.0K
YoY Change
% of Operating Profit
Other Income/Expense, Net $104.0K $162.0K
YoY Change -35.8% 51.4%
Pretax Income -$8.755M $9.995M
YoY Change -187.59% -243.36%
Income Tax -$1.210M $1.545M
% Of Pretax Income 15.46%
Net Earnings -$7.545M $8.450M
YoY Change -189.29% -256.95%
Net Earnings / Revenue -5.33% 7.09%
Basic Earnings Per Share -$1.13 $1.17
Diluted Earnings Per Share -$1.13 $1.13
COMMON SHARES
Basic Shares Outstanding 6.682M 7.246M
Diluted Shares Outstanding 6.682M 7.495M

Balance Sheet

Concept 2021 Q4 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.087M $33.30M
YoY Change -87.73% -10.72%
Cash & Equivalents $4.087M $33.30M
Short-Term Investments
Other Short-Term Assets $8.399M $12.50M
YoY Change -32.79% 119.11%
Inventory $179.0M $92.02M
Prepaid Expenses
Receivables $50.00M $46.32M
Other Receivables $0.00 $0.00
Total Short-Term Assets $242.1M $184.8M
YoY Change 31.03% 7.58%
LONG-TERM ASSETS
Property, Plant & Equipment $38.50M $40.25M
YoY Change -4.36% -46.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.908M $1.299M
YoY Change 46.88% -1.74%
Total Long-Term Assets $81.61M $51.01M
YoY Change 59.98% -47.92%
TOTAL ASSETS
Total Short-Term Assets $242.1M $184.8M
Total Long-Term Assets $81.61M $51.01M
Total Assets $323.8M $235.8M
YoY Change 37.29% -12.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $38.09M $27.80M
YoY Change 37.02% 36.27%
Accrued Expenses $32.94M $30.60M
YoY Change 7.64% 0.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $71.03M $58.48M
YoY Change 21.47% 15.17%
LONG-TERM LIABILITIES
Long-Term Debt $59.73M $0.00
YoY Change
Other Long-Term Liabilities $685.0K $929.0K
YoY Change -26.26% 34.83%
Total Long-Term Liabilities $685.0K $929.0K
YoY Change -26.26% 34.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $71.03M $58.48M
Total Long-Term Liabilities $685.0K $929.0K
Total Liabilities $168.7M $67.41M
YoY Change 150.26% 11.43%
SHAREHOLDERS EQUITY
Retained Earnings $151.9M $148.5M
YoY Change 2.26% -12.92%
Common Stock $8.153M $8.082M
YoY Change 0.88% 1.66%
Preferred Stock
YoY Change
Treasury Stock (at cost) $40.98M $21.58M
YoY Change 89.92%
Treasury Stock Shares $1.608M $995.0K
Shareholders Equity $155.1M $168.4M
YoY Change
Total Liabilities & Shareholders Equity $323.8M $235.8M
YoY Change 37.29% -12.58%

Cashflow Statement

Concept 2021 Q4 2020 Q4
OPERATING ACTIVITIES
Net Income -$7.545M $8.450M
YoY Change -189.29% -256.95%
Depreciation, Depletion And Amortization $1.335M $1.330M
YoY Change 0.38% -45.71%
Cash From Operating Activities $3.317M -$8.740M
YoY Change -137.95% -313.17%
INVESTING ACTIVITIES
Capital Expenditures -$714.0K -$300.0K
YoY Change 138.0% -76.92%
Acquisitions
YoY Change
Other Investing Activities $487.0K $17.85M
YoY Change -97.27% 89150.0%
Cash From Investing Activities -$227.0K $17.54M
YoY Change -101.29% -1481.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.998M -12.05M
YoY Change -75.12% 600.58%
NET CHANGE
Cash From Operating Activities 3.317M -8.740M
Cash From Investing Activities -227.0K 17.54M
Cash From Financing Activities -2.998M -12.05M
Net Change In Cash 92.00K -3.250M
YoY Change -102.83% -392.79%
FREE CASH FLOW
Cash From Operating Activities $3.317M -$8.740M
Capital Expenditures -$714.0K -$300.0K
Free Cash Flow $4.031M -$8.440M
YoY Change -147.76% -256.3%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Entity Central Index Key
EntityCentralIndexKey
0000037472
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2021-12-31
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
0-5151
dei Entity Registrant Name
EntityRegistrantName
FLEXSTEEL INDUSTRIES, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MN
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
42-0442319
dei Entity Address Address Line1
EntityAddressAddressLine1
385 BELL STREET
dei Entity Address City Or Town
EntityAddressCityOrTown
DUBUQUE
dei Entity Address State Or Province
EntityAddressStateOrProvince
IA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
52001-0877
dei City Area Code
CityAreaCode
563
dei Local Phone Number
LocalPhoneNumber
556-7730
dei Security12b Title
Security12bTitle
Common Stock
dei Trading Symbol
TradingSymbol
FLXS
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
6487755
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4087000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1342000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3430000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3240000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
50001000
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
55986000
CY2021Q4 us-gaap Inventory Net
InventoryNet
179042000
CY2021Q2 us-gaap Inventory Net
InventoryNet
161125000
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
8399000
CY2021Q2 us-gaap Other Assets Current
OtherAssetsCurrent
9421000
CY2021Q4 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
CY2021Q4 us-gaap Assets Current
AssetsCurrent
242145000
CY2021Q2 us-gaap Assets Current
AssetsCurrent
228540000
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
8153000
CY2021Q2 us-gaap Common Stock Value
CommonStockValue
8133000
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
36001000
CY2021Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
34015000
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1608000
CY2021Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1284000
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
40978000
CY2021Q2 us-gaap Treasury Stock Value
TreasuryStockValue
31320000
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
151888000
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
157140000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
38495000
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
39783000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
41206000
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
27057000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1908000
CY2021Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1399000
CY2021Q4 us-gaap Assets
Assets
323754000
CY2021Q2 us-gaap Assets
Assets
296779000
CY2021Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
38092000
CY2021Q2 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
67773000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6665000
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5833000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5708000
CY2021Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
7662000
CY2021Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
2961000
CY2021Q2 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
3062000
CY2021Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
2671000
CY2021Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
1522000
CY2021Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
6190000
CY2021Q2 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
5196000
CY2021Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
3570000
CY2021Q2 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
3570000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5173000
CY2021Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5133000
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
71030000
CY2021Q2 us-gaap Liabilities Current
LiabilitiesCurrent
99751000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
37241000
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
24317000
CY2021Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
59734000
CY2021Q2 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
3500000
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
685000
CY2021Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1243000
CY2021Q4 us-gaap Liabilities
Liabilities
168690000
CY2021Q2 us-gaap Liabilities
Liabilities
128811000
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
15000000
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
15000000
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8153000
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6544000
CY2021Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8133000
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6848000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
155064000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
167968000
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
323754000
CY2021Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
296779000
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
141668000
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
119106000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
279356000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
224345000
CY2021Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
132141000
CY2020Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
94728000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
246419000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
177152000
CY2021Q4 us-gaap Gross Profit
GrossProfit
9527000
CY2020Q4 us-gaap Gross Profit
GrossProfit
24378000
us-gaap Gross Profit
GrossProfit
32937000
us-gaap Gross Profit
GrossProfit
47193000
CY2021Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
17541000
CY2020Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
18911000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
36326000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
33086000
CY2021Q4 us-gaap Restructuring Charges
RestructuringCharges
622000
CY2020Q4 us-gaap Restructuring Charges
RestructuringCharges
863000
us-gaap Restructuring Charges
RestructuringCharges
774000
us-gaap Restructuring Charges
RestructuringCharges
2244000
CY2020Q4 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
5229000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1400000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
5881000
CY2021Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-8636000
CY2020Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
9833000
us-gaap Operating Income Loss
OperatingIncomeLoss
-2763000
us-gaap Operating Income Loss
OperatingIncomeLoss
17744000
CY2021Q4 us-gaap Interest Expense
InterestExpense
223000
us-gaap Interest Expense
InterestExpense
426000
CY2021Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
104000
CY2020Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
162000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
102000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
211000
CY2021Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-8755000
CY2020Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9995000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3087000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
17955000
CY2021Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1210000
CY2020Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1545000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
105000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5626000
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
-7545000
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
8450000
us-gaap Net Income Loss
NetIncomeLoss
-3192000
us-gaap Net Income Loss
NetIncomeLoss
12329000
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6682000
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7246000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6758000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7475000
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6682000
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7495000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6758000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7681000
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.13
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.47
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.65
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.13
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.47
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.61
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
CY2021Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1020000
CY2021Q4 flxs Stock Vested Value Restricted Stock Units And Restricted Shares
StockVestedValueRestrictedStockUnitsAndRestrictedShares
-44000
CY2021Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
118000
CY2021Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
7743000
CY2021Q4 us-gaap Dividends Cash
DividendsCash
1013000
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
-7545000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
155064000
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
CY2020Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1027000
CY2020Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
48000
CY2020Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
11013000
CY2020Q4 us-gaap Dividends Cash
DividendsCash
730000
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
8450000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
168407000
us-gaap Net Income Loss
NetIncomeLoss
-3192000
us-gaap Net Income Loss
NetIncomeLoss
12329000
us-gaap Depreciation
Depreciation
2662000
us-gaap Depreciation
Depreciation
2687000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2110000
us-gaap Share Based Compensation
ShareBasedCompensation
2182000
us-gaap Share Based Compensation
ShareBasedCompensation
1983000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
190000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1335000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
1887000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
5858000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5795000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15435000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
17917000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
21459000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-1021000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-6038000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
508000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-11000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-29521000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
125000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
720000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
4954000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-543000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
246000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-40998000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-10934000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
16000
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
16000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1937000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
18527000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1535000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
663000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
402000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
17864000
us-gaap Payments Of Dividends
PaymentsOfDividends
3060000
us-gaap Payments Of Dividends
PaymentsOfDividends
1535000
flxs Payments For Treasury Stock Purchase
PaymentsForTreasuryStockPurchase
9658000
flxs Payments For Treasury Stock Purchase
PaymentsForTreasuryStockPurchase
20013000
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
81247000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
25013000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
118000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
40000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
293000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
323000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
43341000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-21831000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
2745000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-14901000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1342000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48197000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4087000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33296000
us-gaap Operating Lease Payments
OperatingLeasePayments
3059000
us-gaap Operating Lease Payments
OperatingLeasePayments
2547000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16814000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2741000
us-gaap Interest Paid Net
InterestPaidNet
351000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-1719000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-5783000
flxs Capital Expenditure Reversals Or Adjustments Incurred
CapitalExpenditureReversalsOrAdjustmentsIncurred
160000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
31000
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
25920000
CY2021Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
22500000
CY2021Q4 us-gaap Inventory Finished Goods And Work In Process Net Of Reserves
InventoryFinishedGoodsAndWorkInProcessNetOfReserves
5333000
CY2021Q2 us-gaap Inventory Finished Goods And Work In Process Net Of Reserves
InventoryFinishedGoodsAndWorkInProcessNetOfReserves
6234000
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
147789000
CY2021Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
132391000
CY2021Q4 us-gaap Inventory Net
InventoryNet
179042000
CY2021Q2 us-gaap Inventory Net
InventoryNet
161125000
CY2021Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
1821000
CY2020Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
991000
us-gaap Operating Lease Cost
OperatingLeaseCost
3210000
us-gaap Operating Lease Cost
OperatingLeaseCost
2065000
CY2021Q4 us-gaap Variable Lease Cost
VariableLeaseCost
467000
CY2020Q4 us-gaap Variable Lease Cost
VariableLeaseCost
74000
us-gaap Variable Lease Cost
VariableLeaseCost
542000
us-gaap Variable Lease Cost
VariableLeaseCost
143000
CY2021Q4 us-gaap Lease Cost
LeaseCost
2288000
CY2020Q4 us-gaap Lease Cost
LeaseCost
1065000
us-gaap Lease Cost
LeaseCost
3752000
us-gaap Lease Cost
LeaseCost
2208000
us-gaap Operating Lease Payments
OperatingLeasePayments
3059000
us-gaap Operating Lease Payments
OperatingLeasePayments
2547000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16814000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2741000
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M12D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y10M24D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.025
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.033
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
7819000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4491000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6872000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4048000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5590000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2844000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4167000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1491000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4242000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
20227000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
48917000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
12875000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5011000
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
720000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
43906000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
12155000
flxs Share Based Compensation Arrangement By Share Based Payment Award Number Of Plans
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPlans
2
CY2021Q4 us-gaap Restructuring Costs
RestructuringCosts
622000
CY2020Q4 us-gaap Restructuring Costs
RestructuringCosts
908000
us-gaap Restructuring Costs
RestructuringCosts
774000
us-gaap Restructuring Costs
RestructuringCosts
2289000
CY2021Q2 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
1522000
us-gaap Restructuring Costs
RestructuringCosts
774000
flxs Restructuring Expense Paid Reimbursed
RestructuringExpensePaidReimbursed
-375000
CY2021Q4 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
2671000
CY2021Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.138
CY2020Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.155
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.034
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.313
CY2020Q4 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.155
CY2021Q4 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.138
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.034
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
1020000
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
1029000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
2182000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
1983000
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
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
8000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
15.75
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
9000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
36.58
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
215000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.50
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6682000
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7246000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6758000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7475000
CY2020Q4 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
147000
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
110000
CY2020Q4 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
102000
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
96000
CY2020Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
249000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
206000
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6682000
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7495000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6758000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7681000
CY2020Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
63000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
91000
CY2021Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2020Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
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
0000037472-22-000010-index-headers.html Edgar Link pending
0000037472-22-000010-index.html Edgar Link pending
0000037472-22-000010.txt Edgar Link pending
0000037472-22-000010-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
flxs-20211231.xsd Edgar Link pending
flxs-20211231x10q.htm Edgar Link pending
flxs-20211231x10q_htm.xml Edgar Link completed
flxs-20211231xex31_1.htm Edgar Link pending
flxs-20211231xex31_2.htm Edgar Link pending
flxs-20211231xex32.htm Edgar Link pending
flxs-20211231_cal.xml Edgar Link unprocessable
flxs-20211231_def.xml Edgar Link unprocessable
flxs-20211231_lab.xml Edgar Link unprocessable
flxs-20211231_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
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