2023 Q3 Form 10-K Financial Statement

#000071973323000032 Filed on September 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023
Revenue $162.6M $588.1M
YoY Change 28.84% 10.59%
Cost Of Revenue $148.7M $540.7M
YoY Change 29.94% 10.66%
Gross Profit $13.90M $47.47M
YoY Change 18.18% 9.85%
Gross Profit Margin 8.55% 8.07%
Selling, General & Admin $7.363M $25.72M
YoY Change 2.96% 4.54%
% of Gross Profit 52.98% 54.17%
Research & Development $2.573M $9.735M
YoY Change 9.58% -0.88%
% of Gross Profit 18.51% 20.51%
Depreciation & Amortization $2.787M $9.542M
YoY Change -23.2% 26.18%
% of Gross Profit 20.05% 20.1%
Operating Expenses $9.936M $35.45M
YoY Change 4.6% 3.0%
Operating Profit $3.962M $12.02M
YoY Change 75.23% 36.69%
Interest Expense -$2.941M -$10.02M
YoY Change 100.61% -296.38%
% of Operating Profit -74.23% -83.37%
Other Income/Expense, Net
YoY Change
Pretax Income $1.282M $6.300M
YoY Change 61.26% -317.99%
Income Tax $220.0K $1.143M
% Of Pretax Income 17.16% 18.14%
Net Earnings $1.062M $5.157M
YoY Change 9.71% 52.71%
Net Earnings / Revenue 0.65% 0.88%
Basic Earnings Per Share $0.03 $0.48
Diluted Earnings Per Share $0.10 $0.47
COMMON SHARES
Basic Shares Outstanding 10.76M shares 10.76M shares
Diluted Shares Outstanding 11.00M shares 10.94M shares

Balance Sheet

Concept 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.603M $3.603M
YoY Change 111.07% 111.07%
Cash & Equivalents $3.603M $3.603M
Short-Term Investments
Other Short-Term Assets $28.18M $28.18M
YoY Change 14.05% 14.05%
Inventory $138.9M $138.9M
Prepaid Expenses
Receivables $180.6M $180.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $351.3M $351.3M
YoY Change 3.32% 3.32%
LONG-TERM ASSETS
Property, Plant & Equipment $40.92M $40.92M
YoY Change 57.33% -4.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $27.83M $27.83M
YoY Change 97.12% 15.12%
Total Long-Term Assets $68.75M $68.75M
YoY Change 2.74% 2.74%
TOTAL ASSETS
Total Short-Term Assets $351.3M $351.3M
Total Long-Term Assets $68.75M $68.75M
Total Assets $420.1M $420.1M
YoY Change 3.23% 3.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $118.0M $118.0M
YoY Change -2.79% -2.79%
Accrued Expenses $13.35M $13.35M
YoY Change -19.3% -19.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.098M $7.098M
YoY Change -4.11% -4.11%
Total Short-Term Liabilities $153.1M $153.1M
YoY Change -6.49% -6.49%
LONG-TERM LIABILITIES
Long-Term Debt $118.3M $118.3M
YoY Change 17.94% 17.94%
Other Long-Term Liabilities $17.84M $17.84M
YoY Change 197.38% -1.02%
Total Long-Term Liabilities $136.1M $136.1M
YoY Change 14.99% 15.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $153.1M $153.1M
Total Long-Term Liabilities $136.1M $136.1M
Total Liabilities $289.4M $289.4M
YoY Change 2.62% 2.62%
SHAREHOLDERS EQUITY
Retained Earnings $82.99M
YoY Change 6.63%
Common Stock $47.73M
YoY Change 0.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $130.6M $130.6M
YoY Change
Total Liabilities & Shareholders Equity $420.1M $420.1M
YoY Change 3.23% 3.23%

Cashflow Statement

Concept 2023 Q3 2023
OPERATING ACTIVITIES
Net Income $1.062M $5.157M
YoY Change 9.71% 52.71%
Depreciation, Depletion And Amortization $2.787M $9.542M
YoY Change -23.2% 26.18%
Cash From Operating Activities $5.623M -$11.31M
YoY Change -16.44% 130.51%
INVESTING ACTIVITIES
Capital Expenditures $527.0K $9.771M
YoY Change -119.25% 43.42%
Acquisitions
YoY Change
Other Investing Activities $1.740M $5.240M
YoY Change -240.32% -523.26%
Cash From Investing Activities $1.722M -$4.534M
YoY Change -143.3% -43.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$7.374M $17.74M
YoY Change 166.5% 58.52%
NET CHANGE
Cash From Operating Activities $5.623M -$11.31M
Cash From Investing Activities $1.722M -$4.534M
Cash From Financing Activities -$7.374M $17.74M
Net Change In Cash -$29.00K $1.896M
YoY Change 93.33% -207.36%
FREE CASH FLOW
Cash From Operating Activities $5.623M -$11.31M
Capital Expenditures $527.0K $9.771M
Free Cash Flow $5.096M -$21.08M
YoY Change -46.17% 79.88%

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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1707000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3473000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3603000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1707000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
802000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
5110000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1414000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1315000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5184000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5247000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1940000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
13096000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
123705000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
3377000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-2497000 usd
CY2022 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
293000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
124878000 usd
CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
328000 usd
CY2023 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
254000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
130617000 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
16300000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
5200000 usd
CY2023Q3 ktcc Working Capital
WorkingCapital
197600000 usd
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period reclassifications were made to conform with the current period presentation. These reclassifications had no effect on reported income, comprehensive income, cash flows, total assets, or shareholders' equity as previously reported.</span></div>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Estimates include the allowance for doubtful receivables, calculating inventory impairments related to obsolete and non-saleable inventories to value at net realizable value, deferred tax assets and liabilities, uncertain tax positions, impairment of long-lived assets, medical self-funded insurance liability, long-term incentive compensation accrual, the provision for warranty costs, and the fair value of stock appreciation rights granted under the Company’s share-based compensation plan. Due to uncertainties with respect to the assumptions and estimates, actual results could differ from those estimates.</span></div>
CY2023 us-gaap Fiscal Period
FiscalPeriod
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Fiscal Year</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company operates on a 52/53 week fiscal year. Fiscal years end on the Saturday nearest June 30. As such, fiscal years 2023 and 2022 ended on July 1, 2023 and July 2, 2022, respectively. Fiscal years 2022 and 2023 were 52 week years.</span></div>
CY2023Q3 us-gaap Inventory Net
InventoryNet
137900000 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
155700000 usd
CY2023 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
52000 usd
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-91000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
73000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
104000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
277000 usd
CY2023 ktcc Percentage Of Expected Over Aggregate Annual Insurance Claims
PercentageOfExpectedOverAggregateAnnualInsuranceClaims
1.25
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
124668000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
23000 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
251000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
32000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1143000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
314000 usd
CY2023Q3 us-gaap Line Of Credit
LineOfCredit
115400000 usd
CY2022Q3 us-gaap Line Of Credit
LineOfCredit
95100000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Gilti Amount
EffectiveIncomeTaxRateReconciliationGiltiAmount
33000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Gilti Amount
EffectiveIncomeTaxRateReconciliationGiltiAmount
59000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
113734000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
106341000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
84864000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
80329000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
28870000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
26012000 usd
CY2023 us-gaap Depreciation
Depreciation
4700000 usd
CY2022 us-gaap Depreciation
Depreciation
4940000 usd
CY2023Q3 us-gaap Line Of Credit
LineOfCredit
115400000 usd
CY2023Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
300000 usd
CY2023Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
4600000 usd
CY2022Q3 us-gaap Line Of Credit
LineOfCredit
95100000 usd
CY2022Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
300000 usd
CY2022Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
10800000 usd
CY2020Q3 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.0485
CY2020Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.0552
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2862000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2959000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1905000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
116166000 usd
CY2023Q3 ktcc Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
1367000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
125259000 usd
CY2023Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
591000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
998000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-2179000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2134000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2012000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3132000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-167000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2130000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
443000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
141000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
38000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1989000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
481000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1143000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
314000 usd
CY2023Q3 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
9800000 usd
CY2022 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
600000 usd
CY2023Q3 ktcc Estimated Federal And State Income Taxes And Potential Withholding Taxes
EstimatedFederalAndStateIncomeTaxesAndPotentialWithholdingTaxes
800000 usd
CY2023 ktcc Income Tax Reconciliation Additional Repatriation Of Foreign Earnings
IncomeTaxReconciliationAdditionalRepatriationOfForeignEarnings
7600000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1322000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
775000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-25000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
86000 usd
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
137000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
336000 usd
CY2023 ktcc Effective Income Tax Rate Reconciliation Transition Impactof Us Tax Reform Amount
EffectiveIncomeTaxRateReconciliationTransitionImpactofUSTaxReformAmount
0 usd
CY2022 ktcc Effective Income Tax Rate Reconciliation Transition Impactof Us Tax Reform Amount
EffectiveIncomeTaxRateReconciliationTransitionImpactofUSTaxReformAmount
-593000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
1020000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
920000 usd
CY2023 ktcc Effective Income Tax Rate Reconciliation Previously Unrecognized Tax Benefits Amount
EffectiveIncomeTaxRateReconciliationPreviouslyUnrecognizedTaxBenefitsAmount
-75000 usd
CY2022 ktcc Effective Income Tax Rate Reconciliation Previously Unrecognized Tax Benefits Amount
EffectiveIncomeTaxRateReconciliationPreviouslyUnrecognizedTaxBenefitsAmount
146000 usd
CY2023 ktcc Effective Income Tax Rate Reconciliation Inflation Adjustments
EffectiveIncomeTaxRateReconciliationInflationAdjustments
118000 usd
CY2022 ktcc Effective Income Tax Rate Reconciliation Inflation Adjustments
EffectiveIncomeTaxRateReconciliationInflationAdjustments
178000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
0 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
179000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-1086000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-2890000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
7386000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
6581000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6300000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3691000 usd
CY2023Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
0 usd
CY2022Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
486000 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
6812000 usd
CY2022Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
7990000 usd
CY2023Q3 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
267000 usd
CY2022Q3 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
247000 usd
CY2023Q3 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
308000 usd
CY2022Q3 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
370000 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
2421000 usd
CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
2406000 usd
CY2023Q3 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
1328000 usd
CY2022Q3 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
1200000 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Legal Settlements
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLegalSettlements
4802000 usd
CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Legal Settlements
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLegalSettlements
4216000 usd
CY2023Q3 ktcc Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
3775000 usd
CY2022Q3 ktcc Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
3671000 usd
CY2023Q3 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
977000 usd
CY2022Q3 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
580000 usd
CY2023Q3 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
3860000 usd
CY2022Q3 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
0 usd
CY2023Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
271000 usd
CY2022Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
465000 usd
CY2023Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
24821000 usd
CY2022Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
21631000 usd
CY2023Q3 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
754000 usd
CY2022Q3 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
754000 usd
CY2023Q3 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
3857000 usd
CY2022Q3 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
3663000 usd
CY2023Q3 us-gaap Deferred Tax Liabilities Financing Arrangements
DeferredTaxLiabilitiesFinancingArrangements
2832000 usd
CY2022Q3 us-gaap Deferred Tax Liabilities Financing Arrangements
DeferredTaxLiabilitiesFinancingArrangements
2385000 usd
CY2023Q3 ktcc Deferred Tax Liabilities Asc606
DeferredTaxLiabilitiesASC606
4599000 usd
CY2022Q3 ktcc Deferred Tax Liabilities Asc606
DeferredTaxLiabilitiesASC606
3736000 usd
CY2023Q3 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
799000 usd
CY2022Q3 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1102000 usd
CY2023Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
12841000 usd
CY2022Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
11640000 usd
CY2023Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
11980000 usd
CY2022Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
9991000 usd
CY2023Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
12254000 usd
CY2022Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
10055000 usd
CY2023Q3 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
274000 usd
CY2022Q3 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
64000 usd
CY2023Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
11980000 usd
CY2022Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
9991000 usd
CY2023Q3 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
9800000 usd
CY2023 ktcc Remaining Contractual Term Of Tax Credit Expiration Date
RemainingContractualTermOfTaxCreditExpirationDate
P20Y
CY2023 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
3000000 usd
CY2022Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2998000 usd
CY2021Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4863000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
120000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
286000 usd
CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
15000 usd
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2296000 usd
CY2023 ktcc Unrecognized Tax Benefits Lapse Of Applicable Statue Of Limitations And Reversal Of Prior Period Due To Amended Tax Returns
UnrecognizedTaxBenefitsLapseOfApplicableStatueOfLimitationsAndReversalOfPriorPeriodDueToAmendedTaxReturns
75000 usd
CY2022 ktcc Unrecognized Tax Benefits Lapse Of Applicable Statue Of Limitations And Reversal Of Prior Period Due To Amended Tax Returns
UnrecognizedTaxBenefitsLapseOfApplicableStatueOfLimitationsAndReversalOfPriorPeriodDueToAmendedTaxReturns
-145000 usd
CY2023Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3028000 usd
CY2022Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2998000 usd
CY2023Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3000000.0 usd
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
200000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
5157000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
3377000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10762000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10762000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
176000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
301000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10938000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11063000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
376000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
619000 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P5Y
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
145000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue
5.10
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.09
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
165000 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue
7.17
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.73
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900000 usd
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29000 usd
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CY2022 us-gaap Contract With Customer Liability Revenue Recognized
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CY2022 us-gaap Contract With Customer Asset Reclassified To Receivable
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CY2022Q3 us-gaap Contract With Customer Asset Net Current
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CY2023 us-gaap Revenues
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CY2022 us-gaap Revenues
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CY2023 ktcc Percentage Of Revenues
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0.066
CY2022 ktcc Percentage Of Revenues
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0.096
CY2023Q3 us-gaap Lessee Operating Lease Discount Rate
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0.04
CY2023 us-gaap Lease Cost
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9308000 usd
CY2022 us-gaap Lease Cost
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9489000 usd
CY2023 us-gaap Variable Lease Cost
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8171000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
7941000 usd
CY2023 us-gaap Short Term Lease Cost
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1137000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1548000 usd
CY2023 us-gaap Lease Cost
LeaseCost
9308000 usd
CY2022 us-gaap Lease Cost
LeaseCost
9489000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
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16202000 usd
CY2022Q3 us-gaap Operating Lease Liability
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16731000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2023Q3 us-gaap Finance Lease Right Of Use Asset
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9718000 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset
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12464000 usd
CY2023Q3 us-gaap Finance Lease Liability
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8278000 usd
CY2022Q3 us-gaap Finance Lease Liability
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11211000 usd
CY2023Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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9700000 usd
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3600000 usd
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5714000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
4261000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4291000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2331000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5134000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
4711000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3987000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
3290000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3365000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
670000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2464000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
71000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1551000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1689000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
18190000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
8742000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1988000 usd
CY2023Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
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464000 usd
CY2023Q3 us-gaap Operating Lease Liability
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16202000 usd
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
8278000 usd
CY2023 dei Auditor Name
AuditorName
Moss Adams LLP
CY2023 dei Auditor Location
AuditorLocation
Seattle, Washington
CY2023 dei Auditor Firm
AuditorFirmId
659

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