$FLXS
FLEXSTEEL INDUSTRIES INC

2024 Q4 Form 10-Q Financial Statement

#000095017024116719 Filed on October 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $104.0M
YoY Change 9.94%
Cost Of Revenue $81.64M
YoY Change 7.15%
Gross Profit $22.37M
YoY Change 21.49%
Gross Profit Margin 21.51%
Selling, General & Admin $16.32M
YoY Change -1.04%
% of Gross Profit 72.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $929.0K
YoY Change -1.17%
% of Gross Profit 4.15%
Operating Expenses $16.32M
YoY Change -1.04%
Operating Profit $6.047M
YoY Change 215.28%
Interest Expense $51.00K
YoY Change -91.05%
% of Operating Profit 0.84%
Other Income/Expense, Net
YoY Change
Pretax Income $5.996M
YoY Change 344.81%
Income Tax $1.856M
% Of Pretax Income 30.95%
Net Earnings $4.140M
YoY Change 450.53%
Net Earnings / Revenue 3.98%
Basic Earnings Per Share $0.80
Diluted Earnings Per Share $0.74
COMMON SHARES
Basic Shares Outstanding 5.208M 5.204M
Diluted Shares Outstanding 5.576M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.740M
YoY Change 91.33%
Cash & Equivalents $5.740M
Short-Term Investments
Other Short-Term Assets $8.787M
YoY Change -4.57%
Inventory $95.90M
Prepaid Expenses
Receivables $39.48M
Other Receivables $0.00
Total Short-Term Assets $151.6M
YoY Change -8.2%
LONG-TERM ASSETS
Property, Plant & Equipment $36.18M
YoY Change -7.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.89M
YoY Change 79.03%
Total Long-Term Assets $117.1M
YoY Change -2.17%
TOTAL ASSETS
Total Short-Term Assets $151.6M
Total Long-Term Assets $117.1M
Total Assets $268.7M
YoY Change -5.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.85M
YoY Change 18.34%
Accrued Expenses $28.48M
YoY Change 10.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $53.33M
YoY Change 13.88%
LONG-TERM LIABILITIES
Long-Term Debt $3.581M
YoY Change -89.15%
Other Long-Term Liabilities $883.0K
YoY Change 48.9%
Total Long-Term Liabilities $883.0K
YoY Change 48.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.33M
Total Long-Term Liabilities $883.0K
Total Liabilities $114.0M
YoY Change -20.54%
SHAREHOLDERS EQUITY
Retained Earnings $177.3M
YoY Change 6.37%
Common Stock $8.414M
YoY Change 0.84%
Preferred Stock
YoY Change
Treasury Stock (at cost) $71.73M
YoY Change 1.71%
Treasury Stock Shares
Shareholders Equity $154.7M
YoY Change
Total Liabilities & Shareholders Equity $268.7M
YoY Change -5.67%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $4.140M
YoY Change 450.53%
Depreciation, Depletion And Amortization $929.0K
YoY Change -1.17%
Cash From Operating Activities $2.398M
YoY Change -234.64%
INVESTING ACTIVITIES
Capital Expenditures $427.0K
YoY Change -68.49%
Acquisitions
YoY Change
Other Investing Activities $1.155M
YoY Change
Cash From Investing Activities $728.0K
YoY Change -153.73%
FINANCING ACTIVITIES
Cash Dividend Paid $874.0K
YoY Change -0.57%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.147M
YoY Change -178.24%
NET CHANGE
Cash From Operating Activities 2.398M
Cash From Investing Activities 728.0K
Cash From Financing Activities -2.147M
Net Change In Cash 979.0K
YoY Change -349.74%
FREE CASH FLOW
Cash From Operating Activities $2.398M
Capital Expenditures $427.0K
Free Cash Flow $1.971M
YoY Change -162.85%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2024Q3 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2024Q3 dei Amendment Flag
AmendmentFlag
false
CY2024Q3 dei Entity Central Index Key
EntityCentralIndexKey
0000037472
CY2024Q3 dei Document Type
DocumentType
10-Q
CY2024Q3 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2024Q3 dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
CY2024Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2024Q3 dei Document Transition Report
DocumentTransitionReport
false
CY2024Q3 dei Entity File Number
EntityFileNumber
0-5151
CY2024Q3 dei Entity Registrant Name
EntityRegistrantName
FLEXSTEEL INDUSTRIES, INC.
CY2024Q3 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MN
CY2024Q3 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
42-0442319
CY2024Q3 dei Entity Address Address Line1
EntityAddressAddressLine1
385 BELL STREET
CY2024Q3 dei Entity Address City Or Town
EntityAddressCityOrTown
DUBUQUE
CY2024Q3 dei Entity Address State Or Province
EntityAddressStateOrProvince
IA
CY2024Q3 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
52001-7004
CY2024Q3 dei City Area Code
CityAreaCode
563
CY2024Q3 dei Local Phone Number
LocalPhoneNumber
556-7730
CY2024Q3 dei Security12b Title
Security12bTitle
Common Stock
CY2024Q3 dei Trading Symbol
TradingSymbol
FLXS
CY2024Q3 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2024Q3 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2024Q3 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2024Q3 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2024Q3 dei Entity Small Business
EntitySmallBusiness
true
CY2024Q3 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2024Q3 dei Entity Shell Company
EntityShellCompany
false
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
5208029
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5740000
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4761000
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2480000
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2440000
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
39481000
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
44238000
CY2024Q3 us-gaap Inventory Net
InventoryNet
95897000
CY2024Q2 us-gaap Inventory Net
InventoryNet
96577000
CY2024Q3 us-gaap Other Assets Current
OtherAssetsCurrent
8787000
CY2024Q2 us-gaap Other Assets Current
OtherAssetsCurrent
8098000
CY2024Q3 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
1707000
CY2024Q2 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
1707000
CY2024Q3 us-gaap Assets Current
AssetsCurrent
151612000
CY2024Q2 us-gaap Assets Current
AssetsCurrent
155381000
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
36175000
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
36709000
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
59462000
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
61439000
CY2024Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
8585000
CY2024Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
8607000
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
12890000
CY2024Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
12326000
CY2024Q3 us-gaap Assets
Assets
268724000
CY2024Q2 us-gaap Assets
Assets
274462000
CY2024Q3 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
24852000
CY2024Q2 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
25830000
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7430000
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7517000
CY2024Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
6167000
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
12059000
CY2024Q3 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
1957000
CY2024Q2 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
1900000
CY2024Q3 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
5803000
CY2024Q2 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
6073000
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7125000
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7027000
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
53334000
CY2024Q2 us-gaap Liabilities Current
LiabilitiesCurrent
60406000
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
56223000
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
58076000
CY2024Q3 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
3581000
CY2024Q2 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
4822000
CY2024Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
883000
CY2024Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
791000
CY2024Q3 us-gaap Liabilities
Liabilities
114021000
CY2024Q2 us-gaap Liabilities
Liabilities
124095000
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
15000000
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
15000000
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8414000
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5207000
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8407000
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5200000
CY2024Q3 us-gaap Common Stock Value
CommonStockValue
8414000
CY2024Q2 us-gaap Common Stock Value
CommonStockValue
8407000
CY2024Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
40672000
CY2024Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
39573000
CY2024Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
3207000
CY2024Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
3207000
CY2024Q3 us-gaap Treasury Stock Value
TreasuryStockValue
71731000
CY2024Q2 us-gaap Treasury Stock Value
TreasuryStockValue
71731000
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
177348000
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
174118000
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
154703000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
150367000
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
268724000
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
274462000
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
104007000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
94603000
CY2024Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
81639000
CY2023Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
76193000
CY2024Q3 us-gaap Gross Profit
GrossProfit
22367000
CY2023Q3 us-gaap Gross Profit
GrossProfit
18410000
CY2024Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
16320000
CY2023Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
16492000
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
6047000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1918000
CY2024Q3 us-gaap Interest Expense
InterestExpense
51000
CY2023Q3 us-gaap Interest Expense
InterestExpense
570000
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5996000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1348000
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1856000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
596000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
4140000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
752000
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5203000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5182000
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5576000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5375000
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.8
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
150367000
CY2024Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1138000
CY2024Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
-32000
CY2024Q3 us-gaap Dividends Cash
DividendsCash
910000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
4140000
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
154703000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
141621000
CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
911000
CY2023Q3 flxs Stock Vested Value Restricted Stock Units And Restricted Shares
StockVestedValueRestrictedStockUnitsAndRestrictedShares
-647000
CY2023Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
455000
CY2023Q3 us-gaap Dividends Cash
DividendsCash
815000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
752000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
141367000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
4140000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
752000
CY2024Q3 us-gaap Depreciation
Depreciation
929000
CY2023Q3 us-gaap Depreciation
Depreciation
940000
CY2024Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
22000
CY2023Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
94000
CY2024Q3 us-gaap Share Based Compensation
ShareBasedCompensation
1138000
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
911000
CY2024Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-40000
CY2023Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-70000
CY2024Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-10000
CY2023Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-34000
CY2024Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4796000
CY2023Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-6687000
CY2024Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-680000
CY2023Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1269000
CY2024Q3 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1844000
CY2023Q3 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
2791000
CY2024Q3 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
564000
CY2023Q3 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1392000
CY2024Q3 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-956000
CY2023Q3 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-3719000
CY2024Q3 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-6004000
CY2023Q3 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-4510000
CY2024Q3 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
91000
CY2023Q3 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
14000
CY2024Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2398000
CY2023Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1781000
CY2024Q3 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
1155000
CY2024Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
427000
CY2023Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1355000
CY2024Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
728000
CY2023Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1355000
CY2024Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
874000
CY2023Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
879000
CY2024Q3 flxs Payments For Treasury Stock Purchase
PaymentsForTreasuryStockPurchase
0
CY2023Q3 flxs Payments For Treasury Stock Purchase
PaymentsForTreasuryStockPurchase
455000
CY2024Q3 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
102851000
CY2023Q3 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
101365000
CY2024Q3 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
104092000
CY2023Q3 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
96640000
CY2024Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
32000
CY2023Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
647000
CY2024Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2147000
CY2023Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2744000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
979000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-392000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4761000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3365000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5740000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2973000
CY2024Q3 us-gaap Interest Paid Net
InterestPaidNet
60000
CY2023Q3 us-gaap Interest Paid Net
InterestPaidNet
546000
CY2024Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2100000
CY2023Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
244000
CY2024Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2000
CY2023Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
287000
CY2024Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
12508000
CY2024Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
14030000
CY2024Q3 us-gaap Inventory Finished Goods And Work In Process Net Of Reserves
InventoryFinishedGoodsAndWorkInProcessNetOfReserves
2816000
CY2024Q2 us-gaap Inventory Finished Goods And Work In Process Net Of Reserves
InventoryFinishedGoodsAndWorkInProcessNetOfReserves
2654000
CY2024Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
80573000
CY2024Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
79893000
CY2024Q3 us-gaap Inventory Net
InventoryNet
95897000
CY2024Q2 us-gaap Inventory Net
InventoryNet
96577000
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2478000
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2424000
CY2024Q3 us-gaap Variable Lease Cost
VariableLeaseCost
519000
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
446000
CY2024Q3 us-gaap Lease Cost
LeaseCost
2997000
CY2023Q3 us-gaap Lease Cost
LeaseCost
2870000
CY2024Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
2441000
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1749000
CY2024Q3 us-gaap Sublease Income
SubleaseIncome
594000
CY2023Q3 us-gaap Sublease Income
SubleaseIncome
263000
CY2024Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y10M24D
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y9M18D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.031
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.031
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6978000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
9208000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9378000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
9144000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8064000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
28975000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
71747000
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
8094000
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
63653000
CY2024Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
900000
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.31
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.442
CY2024Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
1138000
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
911000
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
180000
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
20.01
CY2024Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
16000
CY2024Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
26.65
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
3000
CY2024Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
45.5
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
161000
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
18.88
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5203000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5182000
CY2024Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
173000
CY2023Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
81000
CY2024Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
200000
CY2023Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
112000
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
373000
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
193000
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5576000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5375000
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9000
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
154000
CY2024Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.17
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 flxs Rule10 B51 Arr Modified Flag
Rule10B51ArrModifiedFlag
false
CY2024Q3 flxs Non Rule10 B51 Arr Modified Flag
NonRule10B51ArrModifiedFlag
false

Files In Submission

Name View Source Status
0000950170-24-116719-index-headers.html Edgar Link pending
0000950170-24-116719-index.html Edgar Link pending
0000950170-24-116719.txt Edgar Link pending
0000950170-24-116719-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
flxs-20240930.htm Edgar Link pending
flxs-20240930.xsd Edgar Link pending
flxs-ex31_1.htm Edgar Link pending
flxs-ex31_2.htm Edgar Link pending
flxs-ex32.htm Edgar Link pending
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
FilingSummary.xml Edgar Link unprocessable
flxs-20240930_htm.xml Edgar Link completed
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
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