$IIIN
INSTEEL INDUSTRIES INC Stock $iiin

$iiin Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-Q Financial Statement

#000143774924001592 Filed on January 18, 2024

Income Statement

Concept	2024 Q1	2023 Q4
Revenue	$127.4M	$121.7M
YoY Change		-41.48%
Cost Of Revenue	$111.7M	$115.5M
YoY Change		-31.36%
Gross Profit	$15.72M	$6.270M
YoY Change		-84.24%
Gross Profit Margin	12.34%	5.15%
Selling, General & Admin	$7.875M	$6.367M
YoY Change		-23.57%
% of Gross Profit	50.11%	101.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.866M	$3.709M
YoY Change		5.7%
% of Gross Profit	24.6%	59.15%
Operating Expenses	$7.875M	$6.367M
YoY Change		-23.57%
Operating Profit	$7.840M	-$97.00K
YoY Change		-100.31%
Interest Expense	$1.119M	$29.00K
YoY Change		-84.97%
% of Operating Profit	14.27%
Other Income/Expense, Net	-$9.000K	$22.00K
YoY Change		-121.36%
Pretax Income	$8.950M	$1.555M
YoY Change		-95.07%
Income Tax	$2.011M	$423.0K
% Of Pretax Income	22.47%	27.2%
Net Earnings	$6.939M	$1.132M
YoY Change		-95.34%
Net Earnings / Revenue	5.45%	0.93%
Basic Earnings Per Share	$0.36	$0.06
Diluted Earnings Per Share	$0.35	$0.06
COMMON SHARES
Basic Shares Outstanding	19.45M	19.45M
Diluted Shares Outstanding	19.59M	19.57M

Balance Sheet

Concept	2024 Q1	2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$83.95M	$85.62M
YoY Change		77.2%
Cash & Equivalents	$83.95M	$85.62M
Short-Term Investments
Other Short-Term Assets	$6.803M	$8.706M
YoY Change		12.83%
Inventory	$92.53M	$94.14M
Prepaid Expenses
Receivables	$55.55M	$43.35M
Other Receivables	$872.0K	$2.748M
Total Short-Term Assets	$239.7M	$231.8M
YoY Change		-30.87%
LONG-TERM ASSETS
Property, Plant & Equipment	$129.8M	$129.3M
YoY Change		19.55%
Goodwill	$9.745M	$9.745M
YoY Change		0.0%
Intangibles	$5.716M	$5.903M
YoY Change		-13.79%
Long-Term Investments
YoY Change
Other Assets	$12.27M	$13.80M
YoY Change		18.33%
Total Long-Term Assets	$157.5M	$158.8M
YoY Change		16.38%
TOTAL ASSETS
Total Short-Term Assets	$239.7M	$231.8M
Total Long-Term Assets	$157.5M	$158.8M
Total Assets	$397.2M	$390.6M
YoY Change		-17.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$25.41M	$23.85M
YoY Change		-49.03%
Accrued Expenses	$7.197M	$9.585M
YoY Change		-39.34%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$33.38M	$33.44M
YoY Change		-46.58%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$12.91M	$23.54M
YoY Change		21.29%
Total Long-Term Liabilities	$12.91M	$23.54M
YoY Change		21.29%
TOTAL LIABILITIES
Total Short-Term Liabilities	$33.38M	$33.44M
Total Long-Term Liabilities	$12.91M	$23.54M
Total Liabilities	$56.61M	$56.97M
YoY Change		-30.52%
SHAREHOLDERS EQUITY
Retained Earnings	$236.1M	$230.0M
YoY Change		-20.48%
Common Stock	$104.8M	$103.9M
YoY Change		2.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$340.6M	$333.6M
YoY Change
Total Liabilities & Shareholders Equity	$397.2M	$390.6M
YoY Change		-17.21%

Cashflow Statement

Concept	2024 Q1	2023 Q4
OPERATING ACTIVITIES
Net Income	$6.939M	$1.132M
YoY Change		-95.34%
Depreciation, Depletion And Amortization	$3.866M	$3.709M
YoY Change		5.7%
Cash From Operating Activities	$1.377M	$21.83M
YoY Change		-331.19%
INVESTING ACTIVITIES
Capital Expenditures	$1.957M	$12.27M
YoY Change		-436.2%
Acquisitions
YoY Change
Other Investing Activities	-$247.0K	-$114.0K
YoY Change		-132.66%
Cash From Investing Activities	-$2.204M	-$12.38M
YoY Change		275.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net		$67.00K
YoY Change		0.0%
Cash From Financing Activities	-843.0K	-$49.51M
YoY Change		2394.06%
NET CHANGE
Cash From Operating Activities	1.377M	$21.83M
Cash From Investing Activities	-2.204M	-$12.38M
Cash From Financing Activities	-843.0K	-$49.51M
Net Change In Cash	-1.670M	-$40.06M
YoY Change		171.95%
FREE CASH FLOW
Cash From Operating Activities	$1.377M	$21.83M
Capital Expenditures	$1.957M	$12.27M
Free Cash Flow	-$580.0K	$9.566M
YoY Change		-265.07%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q4	us-gaap	Gross Profit GrossProfit	17786000	usd
CY2023Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	11809000	usd
CY2023Q3	us-gaap	Liabilities Current LiabilitiesCurrent	46155000	usd
CY2023Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	19853000	usd
CY2023Q4	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-0	usd
CY2023Q4	iiin	Increase In Cash Surrender Value Of Life Insurance Policies Over Premiums Paid IncreaseInCashSurrenderValueOfLifeInsurancePoliciesOverPremiumsPaid	675000	usd
CY2023Q4	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-20070000	usd
CY2023Q4	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-9164000	usd
CY2023Q4	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-12921000	usd
CY2023Q4	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2023Q4	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2023Q4	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--09-28
CY2023Q4	dei	Amendment Flag AmendmentFlag	false
CY2023Q4	dei	Entity Central Index Key EntityCentralIndexKey	0000764401
CY2023Q4	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2023Q4	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2023Q4	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q4	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2023Q4	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	pure
CY2022Q4	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	0	usd
CY2023Q4	us-gaap	Gross Profit GrossProfit	6270000	usd
CY2023Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	6367000	usd
CY2022Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	7126000	usd
CY2023Q4	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	22000	usd
CY2022Q4	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	3342000	usd
CY2023Q4	us-gaap	Interest Expense InterestExpense	29000	usd
CY2022Q4	us-gaap	Interest Expense InterestExpense	24000	usd
CY2023Q4	us-gaap	Investment Income Interest InvestmentIncomeInterest	1659000	usd
CY2022Q4	us-gaap	Investment Income Interest InvestmentIncomeInterest	440000	usd
CY2023Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1555000	usd
CY2022Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	14418000	usd
CY2023Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	423000	usd
CY2022Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3295000	usd
CY2023Q4	us-gaap	Net Income Loss NetIncomeLoss	1132000	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	11123000	usd
CY2023Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.06
CY2022Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.57
CY2023Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.06
CY2022Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.57
CY2023Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19497000
CY2023Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	19573000
CY2023Q4	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	2.53
CY2023Q4	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1132000	usd
CY2023Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	34346000	usd
CY2023Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q3	us-gaap	Common Stock Value CommonStockValue	19454000	usd
CY2023Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	83832000	usd
CY2023Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	278502000	usd
CY2023Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-283000	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	381505000	usd
CY2023Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	447513000	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	11123000	usd
CY2022Q4	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	3350000	usd
CY2022Q4	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	16000	usd
CY2022Q4	us-gaap	Share Based Compensation ShareBasedCompensation	130000	usd
CY2022Q4	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-1378000	usd
CY2023Q4	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	2404000	usd
CY2023Q4	us-gaap	Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities	20702000	usd
CY2023Q4	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	21834000	usd
CY2023Q4	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	12268000	usd
CY2022Q4	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	8200000	usd
CY2023Q4	iiin	Increase In Cash Surrender Value Of Life Insurance Policies IncreaseInCashSurrenderValueOfLifeInsurancePolicies	122000	usd
CY2022Q4	iiin	Increase In Cash Surrender Value Of Life Insurance Policies IncreaseInCashSurrenderValueOfLifeInsurancePolicies	81000	usd
CY2023Q4	us-gaap	Proceeds From Sale Of Machinery And Equipment ProceedsFromSaleOfMachineryAndEquipment	3000	usd
CY2022Q4	us-gaap	Proceeds From Sale Of Machinery And Equipment ProceedsFromSaleOfMachineryAndEquipment	9920000	usd
CY2023Q4	iiin	Proceeds From Surrender Of Life Insurance Policies ProceedsFromSurrenderOfLifeInsurancePolicies	5000	usd
CY2022Q4	iiin	Proceeds From Surrender Of Life Insurance Policies ProceedsFromSurrenderOfLifeInsurancePolicies	0	usd
CY2023Q4	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-12382000	usd
CY2022Q4	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	1639000	usd
CY2023Q4	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	67000	usd
CY2022Q4	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	67000	usd
CY2023Q4	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	67000	usd
CY2022Q4	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	67000	usd
CY2023Q4	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	49191000	usd
CY2022Q4	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	39501000	usd
CY2023Q4	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	20000	usd
CY2023Q4	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	243000	usd
CY2022Q4	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	94000	usd
CY2023Q4	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	539000	usd
CY2022Q4	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	916000	usd
CY2023Q4	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-49507000	usd
CY2022Q4	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-40323000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-40055000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-5678000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	125670000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	48316000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	85615000	usd
CY2023Q4	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	8000	usd
CY2022Q4	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	187000	usd
CY2023Q4	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	1846000	usd
CY2022Q4	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	1520000	usd
CY2023Q4	iiin	Restricted Stock Units And Stock Options Surrendered For Withholding Taxes Payable RestrictedStockUnitsAndStockOptionsSurrenderedForWithholdingTaxesPayable	20000	usd
CY2022Q4	iiin	Restricted Stock Units And Stock Options Surrendered For Withholding Taxes Payable RestrictedStockUnitsAndStockOptionsSurrenderedForWithholdingTaxesPayable	0	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	381505000	usd
CY2023Q4	us-gaap	Net Income Loss NetIncomeLoss	1132000	usd
CY2023Q4	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	310000	usd
CY2023Q4	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	398000	usd
CY2023Q4	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	539000	usd
CY2023Q4	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	20000	usd
CY2023Q4	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	49191000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	333595000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	389744000	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	11123000	usd
CY2022Q4	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	94000	usd
CY2022Q4	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	130000	usd
CY2022Q4	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	916000	usd
CY2023Q4	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	121725000	usd
CY2022Q4	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	166899000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	11730000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	5827000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	5903000	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	12070000	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	5980000	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	6090000	usd
CY2023Q4	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	187000	usd
CY2022Q4	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	194000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	562000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	743000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	752000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	480000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	453000	usd
CY2023Q4	iiin	Finite Lived Intangible Asset Expected Amortization After Year Four FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour	2900000	usd
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	411000
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	30.68
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0
CY2023Q4	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	0
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	8000
CY2023Q4	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	41.86
CY2023Q4	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	34000
CY2023Q4	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	30.84
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	171000	usd
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	369000
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	30.42
CY2023Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P7Y14D
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	3073000	usd
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber	362000
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice	30.39
CY2023Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1	P7Y3D
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue	3030000	usd
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	216000
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	28.98
CY2023Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P5Y9M
CY2023Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	2148000	usd
CY2023Q4	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.272	pure
CY2022Q4	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.229	pure
CY2023Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	10900000	usd
CY2023Q3	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	7500000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	149000	usd
CY2023Q3	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	3000	usd
CY2023Q4	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	13000	usd
CY2022Q4	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	16000	usd
CY2023Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19497000
CY2022Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19525000
CY2023Q4	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	76000
CY2022Q4	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	59000
CY2023Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	19573000
CY2022Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	19584000
CY2023Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.06
CY2022Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.57
CY2023Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.06
CY2022Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.57
CY2023Q4	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	39000
CY2022Q4	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	94000
CY2008Q4	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	25000000	usd
CY2023Q4	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	539000	usd
CY2023Q4	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	19076
CY2022Q4	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	916000	usd
CY2022Q4	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	31654
CY2023Q4	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	20700000	usd
CY2023Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	43659000	usd
CY2023Q3	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	63735000	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	305000	usd
CY2023Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	311000	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	43354000	usd
CY2023Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	63424000	usd
CY2023Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	38123000	usd
CY2023Q3	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	39341000	usd
CY2023Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	5264000	usd
CY2023Q3	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	5852000	usd
CY2023Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	50755000	usd
CY2023Q3	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	58113000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	94142000	usd
CY2023Q3	us-gaap	Inventory Net InventoryNet	103306000	usd
CY2023Q4	us-gaap	Prepaid Insurance PrepaidInsurance	3510000	usd
CY2023Q3	us-gaap	Prepaid Insurance PrepaidInsurance	4043000	usd
CY2023Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	2748000	usd
CY2023Q3	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	0	usd
CY2023Q4	us-gaap	Other Assets Miscellaneous Current OtherAssetsMiscellaneousCurrent	2448000	usd
CY2023Q3	us-gaap	Other Assets Miscellaneous Current OtherAssetsMiscellaneousCurrent	2410000	usd
CY2023Q4	us-gaap	Other Assets Current OtherAssetsCurrent	8706000	usd
CY2023Q3	us-gaap	Other Assets Current OtherAssetsCurrent	6453000	usd
CY2023Q4	us-gaap	Cash Surrender Value Of Life Insurance CashSurrenderValueOfLifeInsurance	11378000	usd
CY2023Q3	us-gaap	Cash Surrender Value Of Life Insurance CashSurrenderValueOfLifeInsurance	10586000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2152000	usd
CY2023Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	1939000	usd
CY2023Q4	us-gaap	Deferred Finance Costs Noncurrent Net DeferredFinanceCostsNoncurrentNet	163000	usd
CY2023Q3	us-gaap	Deferred Finance Costs Noncurrent Net DeferredFinanceCostsNoncurrentNet	175000	usd
CY2023Q4	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	110000	usd
CY2023Q3	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	111000	usd
CY2023Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	13803000	usd
CY2023Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	12811000	usd
CY2023Q4	us-gaap	Land And Land Improvements LandAndLandImprovements	15151000	usd
CY2023Q3	us-gaap	Land And Land Improvements LandAndLandImprovements	15107000	usd
CY2023Q4	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	56697000	usd
CY2023Q3	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	56653000	usd
CY2023Q4	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	214999000	usd
CY2023Q3	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	198528000	usd
CY2023Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	13065000	usd
CY2023Q3	us-gaap	Construction In Progress Gross ConstructionInProgressGross	18019000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	299912000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	288307000	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	170612000	usd
CY2023Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	168293000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	129300000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	120014000	usd
CY2023Q4	us-gaap	Customer Refund Liability Current CustomerRefundLiabilityCurrent	2906000	usd
CY2023Q3	us-gaap	Customer Refund Liability Current CustomerRefundLiabilityCurrent	2132000	usd
CY2023Q4	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	2279000	usd
CY2023Q3	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	5082000	usd
CY2023Q4	us-gaap	Accrual For Taxes Other Than Income Taxes Current AccrualForTaxesOtherThanIncomeTaxesCurrent	1367000	usd
CY2023Q3	us-gaap	Accrual For Taxes Other Than Income Taxes Current AccrualForTaxesOtherThanIncomeTaxesCurrent	1912000	usd
CY2023Q4	iiin	Accrued Sales Allowance Reserves Current AccruedSalesAllowanceReservesCurrent	1270000	usd
CY2023Q3	iiin	Accrued Sales Allowance Reserves Current AccruedSalesAllowanceReservesCurrent	745000	usd
CY2023Q4	us-gaap	Sales And Excise Tax Payable Current SalesAndExciseTaxPayableCurrent	158000	usd
CY2023Q3	us-gaap	Sales And Excise Tax Payable Current SalesAndExciseTaxPayableCurrent	268000	usd
CY2023Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	0	usd
CY2023Q3	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	187000	usd
CY2023Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	550000	usd
CY2023Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	484000	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	9585000	usd
CY2023Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	11809000	usd
CY2023Q4	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	11555000	usd
CY2023Q3	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	11374000	usd
CY2023Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	10891000	usd
CY2023Q3	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	7543000	usd
CY2023Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	23536000	usd
CY2023Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	19853000	usd

Files In Submission

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report.css	Edgar Link	pending
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$IIIN
INSTEEL INDUSTRIES INC Stock $iiin

2024 Q1 Form 10-Q Financial Statement

#000143774924001592 Filed on January 18, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IIIN INSTEEL INDUSTRIES INC Stock $iiin

2024 Q1 Form 10-Q Financial Statement

#000143774924001592 Filed on January 18, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IIIN
INSTEEL INDUSTRIES INC Stock $iiin