2022 Q2 Form 10-Q Financial Statement

#000100528622000020 Filed on April 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $47.63M $53.07M $129.5M
YoY Change -65.94% 18.76% -1.08%
Cost Of Revenue $36.30M $39.18M $116.5M
YoY Change -68.44% 29.52% 5.65%
Gross Profit $12.11M $13.90M $12.99M
YoY Change -51.16% -3.78% -37.05%
Gross Profit Margin 25.43% 26.18% 10.03%
Selling, General & Admin $18.92M $9.725M $13.84M
YoY Change 17.25% 19.56% -14.1%
% of Gross Profit 156.21% 69.99% 106.49%
Research & Development $2.056M $2.056M $2.718M
YoY Change -20.28% 11.56% 5.68%
% of Gross Profit 16.97% 14.8% 20.92%
Depreciation & Amortization $3.396M $3.529M $5.905M
YoY Change -32.85% -29.14% 24.84%
% of Gross Profit 28.04% 25.4% 45.45%
Operating Expenses $20.98M $17.65M $50.02M
YoY Change 12.08% 47.05% 126.31%
Operating Profit -$8.864M -$3.751M -$37.03M
YoY Change -245.67% -253.67% 2425.92%
Interest Expense -$3.465M $4.105M $4.333M
YoY Change -26.59% 39.67% 42.58%
% of Operating Profit
Other Income/Expense, Net $5.813M $454.0K $79.00K
YoY Change 12268.09% 530.56% -100.67%
Pretax Income -$36.59M -$7.382M -$41.27M
YoY Change 963.44% 384.7% 157.89%
Income Tax -$827.0K -$276.0K -$2.824M
% Of Pretax Income
Net Earnings -$36.66M -$12.85M -$38.44M
YoY Change 1179.24% 133.72% 189.01%
Net Earnings / Revenue -76.98% -24.21% -29.69%
Basic Earnings Per Share -$1.88 -$0.24 -$1.30
Diluted Earnings Per Share -$1.243M -$0.43 -$1.30
COMMON SHARES
Basic Shares Outstanding 29.48M shares 29.48M shares 29.47M shares
Diluted Shares Outstanding 29.48M shares 29.47M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.643M $1.854M $1.091M
YoY Change 26.87% -15.73% -56.36%
Cash & Equivalents $1.643M $1.854M $1.091M
Short-Term Investments
Other Short-Term Assets $7.052M $6.924M $8.721M
YoY Change -4.05% -51.58% -37.26%
Inventory $66.85M $73.70M $79.43M
Prepaid Expenses
Receivables $48.17M $49.56M $65.28M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $123.7M $132.0M $154.5M
YoY Change -16.59% -18.96% 0.22%
LONG-TERM ASSETS
Property, Plant & Equipment $130.4M $123.2M $179.9M
YoY Change 15.63% -26.96% 5.24%
Goodwill $13.88M $33.92M $37.33M
YoY Change -59.07% -51.12% -46.2%
Intangibles $8.400M $17.10M $25.33M
YoY Change -50.88% 307.14% 503.05%
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $3.002M $3.048M $3.239M
YoY Change -14.98% -14.69% 143.17%
Total Long-Term Assets $171.4M $193.5M $267.6M
YoY Change -51.65% -44.21% -22.43%
TOTAL ASSETS
Total Short-Term Assets $123.7M $132.0M $154.5M
Total Long-Term Assets $171.4M $193.5M $267.6M
Total Assets $295.2M $325.6M $422.1M
YoY Change -41.31% -36.14% -15.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.80M $20.01M $59.10M
YoY Change -3.04% -64.47% -2.95%
Accrued Expenses $18.63M $28.54M $20.01M
YoY Change -22.6% 8.09% -17.33%
Deferred Revenue $919.0K $1.614M $1.160M
YoY Change 44.27% 1.19% 80.12%
Short-Term Debt $40.00M $39.90M $42.00M
YoY Change 37.93% -2.68% -45.45%
Long-Term Debt Due $599.0K $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $79.23M $90.07M $122.3M
YoY Change -22.24% -28.15% -29.7%
LONG-TERM LIABILITIES
Long-Term Debt $97.58M $79.60M $124.2M
YoY Change -40.83% -45.12% 51.46%
Other Long-Term Liabilities $190.0K $544.0K $3.894M
YoY Change -93.38% -85.54% -27.31%
Total Long-Term Liabilities $97.77M $80.14M $128.1M
YoY Change -41.73% -46.15% 46.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $79.23M $90.07M $122.3M
Total Long-Term Liabilities $97.77M $80.14M $128.1M
Total Liabilities $187.2M $181.5M $265.9M
YoY Change -37.62% -40.53% -8.37%
SHAREHOLDERS EQUITY
Retained Earnings -$58.85M -$22.19M -$9.338M
YoY Change -252.54% -153.53% -119.89%
Common Stock $30.00K $29.00K $29.00K
YoY Change 3.45% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $107.9M $144.1M $156.2M
YoY Change
Total Liabilities & Shareholders Equity $295.2M $325.6M $422.1M
YoY Change -41.31% -36.14% -15.43%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income -$36.66M -$12.85M -$38.44M
YoY Change 1179.24% 133.72% 189.01%
Depreciation, Depletion And Amortization $3.396M $3.529M $5.905M
YoY Change -32.85% -29.14% 24.84%
Cash From Operating Activities $36.00K -$20.13M -$5.137M
YoY Change -99.18% 156.09% -456.74%
INVESTING ACTIVITIES
Capital Expenditures -$9.595M -$5.529M -$5.097M
YoY Change -22.55% 39.27% 82.69%
Acquisitions
YoY Change
Other Investing Activities -$9.794M $73.51M $0.00
YoY Change -42682.61% -100.0%
Cash From Investing Activities -$19.39M $67.99M -$5.097M
YoY Change 56.92% -1808.17% -197.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 19.14M -47.09M 9.878M
YoY Change 173.81% -506.32% -298.35%
NET CHANGE
Cash From Operating Activities 36.00K -20.13M -5.137M
Cash From Investing Activities -19.39M 67.99M -5.097M
Cash From Financing Activities 19.14M -47.09M 9.878M
Net Change In Cash -211.0K 763.0K -356.0K
YoY Change -77.74% -405.2% -120.82%
FREE CASH FLOW
Cash From Operating Activities $36.00K -$20.13M -$5.137M
Capital Expenditures -$9.595M -$5.529M -$5.097M
Free Cash Flow $9.631M -$14.60M -$40.00K
YoY Change -42.69% 275.32% -100.95%

Facts In Submission

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us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2022Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Net Income Loss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
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CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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CY2022Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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CY2021Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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CY2021Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2022Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2021Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2021Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2022Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29482000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29459000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29282000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29482000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29459000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
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CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
104000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
387000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
646000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
1092000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
104000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
387000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
646000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1092000 USD
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-12746000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5111000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2021Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q2 us-gaap Stockholders Equity
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CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
620000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-9477000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
366000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
193865000 USD
CY2021Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2021Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
686000 USD
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
176000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
622000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
104000 USD
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
231044000 USD
CY2020Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2020Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
892000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
304000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2020Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2020Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2020Q4 us-gaap Net Income Loss
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CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2020Q4 us-gaap Stockholders Equity
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CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
797000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
387000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
32057000 USD
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14488000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14808000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
5185000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
7881000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-4354000 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1928000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2584000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-25000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
284000 USD
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
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0 USD
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
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us-gaap Gains Losses On Restructuring Of Debt
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0 USD
us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
551000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
12000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
7525000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
11910000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10468000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1448000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
13055000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6372000 USD
us-gaap Increase Decrease In Employee Related Liabilities
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us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
2184000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
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us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
3186000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
204000 USD
us-gaap Increase Decrease In Contract With Customer Liability
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1243000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
10600000 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
73500000 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
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us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
45100000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1096000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
12885000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
101157000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1502000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
150000000 USD
us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
45011000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
83000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
34111000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
119400000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
518000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
297000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
169000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9615000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
559000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1695000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1295000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
553000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1854000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2248000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1765000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1124000 USD
CY2022Q1 lndc Number Of Product Category
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2 product
CY2022Q1 lndc Number Of Revenue Category
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3 revenue
us-gaap Repayments Of Debt
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67900000 USD
us-gaap Fiscal Period
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<div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s fiscal year is the 52- or 53-week period that ends on the last Sunday of May with quarters within each year ending on the last Sunday of August, November, and February; however, in instances where the last Sunday would result in a quarter being 12-weeks in length, the Company’s policy is to extend that quarter to the following Sunday. A 14th week is included in the fiscal year every five or six years to realign the Company’s fiscal quarters with calendar quarters.</span></div><div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The results of operations for the nine months ended February 27, 2022 are not necessarily indicative of the results that may be expected for an entire fiscal year because there is some seasonality in Curation Foods’ business and the order patterns of Lifecore’s customers which may lead to significant fluctuations in Landec’s quarterly results of operations.</span></div>
us-gaap Use Of Estimates
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<div style="margin-top:10pt;text-align:justify"><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:10pt;text-align:justify;text-indent:36pt"><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 GAAP requires management to make certain estimates and judgments that affect the amounts reported in the financial statements and accompanying notes. The accounting estimates that require management’s most significant and subjective judgments include revenue recognition; loss contingencies; sales returns and credit losses; recognition and measurement of current and deferred income tax assets and liabilities; the assessment of recoverability of long-lived and indefinite lived assets (including intangible assets), and inventory; and the valuation and recognition of stock-based compensation.</span></div><div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These estimates involve the consideration of complex factors and require management to make judgments. The analysis of historical and future trends can require extended periods of time to resolve and are subject to change from period to period. The actual results may differ from management’s estimates.</span></div>
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1159000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2248000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
360000 USD
CY2022Q1 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
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0 USD
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
136000 USD
CY2021Q1 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
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0 USD
CY2020Q2 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
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CY2022Q1 us-gaap Restricted Cash
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CY2021Q2 us-gaap Restricted Cash
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CY2021Q1 us-gaap Restricted Cash
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CY2020Q2 us-gaap Restricted Cash
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1854000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1295000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2248000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
553000 USD
CY2022Q1 us-gaap Inventory Finished Goods
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42387000 USD
CY2021Q2 us-gaap Inventory Finished Goods
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40204000 USD
CY2022Q1 us-gaap Inventory Raw Materials
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26644000 USD
CY2021Q2 us-gaap Inventory Raw Materials
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CY2022Q1 us-gaap Inventory Work In Process
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CY2021Q2 us-gaap Inventory Work In Process
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CY2022Q1 us-gaap Inventory Net
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73700000 USD
CY2021Q2 us-gaap Inventory Net
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63076000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
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us-gaap Provision For Doubtful Accounts
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
6000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
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CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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us-gaap Provision For Doubtful Accounts
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20000000 USD

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