2019 Q2 Form 10-Q Financial Statement

#000134242319000019 Filed on June 10, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $42.04M $43.14M
YoY Change -2.55% 16.92%
Cost Of Revenue $37.08M $28.80M
YoY Change 28.75% 8.86%
Gross Profit $4.957M $14.34M
YoY Change -65.43% 37.35%
Gross Profit Margin 11.79% 33.24%
Selling, General & Admin $4.843M $3.942M
YoY Change 22.86% 26.51%
% of Gross Profit 97.7% 27.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.121M $1.744M
YoY Change 21.62% 8.05%
% of Gross Profit 42.79% 12.16%
Operating Expenses $4.843M $3.942M
YoY Change 22.86% 26.51%
Operating Profit -$1.005M $9.380M
YoY Change -110.71% 51.0%
Interest Expense $686.0K $284.0K
YoY Change 141.55% -31.89%
% of Operating Profit 3.03%
Other Income/Expense, Net $4.909M -$394.0K
YoY Change -1345.94% -23.94%
Pretax Income $3.904M $8.986M
YoY Change -56.55% 57.82%
Income Tax $1.084M $2.380M
% Of Pretax Income 27.77% 26.49%
Net Earnings $2.815M $6.599M
YoY Change -57.34% 86.41%
Net Earnings / Revenue 6.7% 15.3%
Basic Earnings Per Share $0.15 $0.45
Diluted Earnings Per Share $0.15 $0.44
COMMON SHARES
Basic Shares Outstanding 17.55M shares 14.38M shares
Diluted Shares Outstanding 18.23M shares 15.02M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.500M $500.0K
YoY Change 200.0% 150.0%
Cash & Equivalents $1.491M $493.0K
Short-Term Investments
Other Short-Term Assets $10.90M $4.200M
YoY Change 159.52% -17.65%
Inventory $1.200M $1.400M
Prepaid Expenses
Receivables $19.96M $17.24M
Other Receivables $2.500M $3.500M
Total Short-Term Assets $36.08M $26.88M
YoY Change 34.21% 33.67%
LONG-TERM ASSETS
Property, Plant & Equipment $230.6M $190.0M
YoY Change 21.35% 2.94%
Goodwill $1.435M $886.0K
YoY Change 61.96% -19.16%
Intangibles
YoY Change
Long-Term Investments $57.47M $18.28M
YoY Change 214.39% 62.03%
Other Assets $19.03M $10.75M
YoY Change 77.01% 0.1%
Total Long-Term Assets $347.2M $340.3M
YoY Change 2.04% 10.83%
TOTAL ASSETS
Total Short-Term Assets $36.08M $26.88M
Total Long-Term Assets $347.2M $340.3M
Total Assets $383.3M $367.2M
YoY Change 4.39% 12.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.00M $5.679M
YoY Change 76.12% -19.69%
Accrued Expenses $4.828M $6.250M
YoY Change -22.75% 56.48%
Deferred Revenue $460.0K
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.915M $3.194M
YoY Change -8.74% 13.5%
Total Short-Term Liabilities $34.77M $27.49M
YoY Change 26.51% 26.9%
LONG-TERM LIABILITIES
Long-Term Debt $93.74M $107.7M
YoY Change -12.95% 2.06%
Other Long-Term Liabilities $3.347M $4.329M
YoY Change -22.68% -19.51%
Total Long-Term Liabilities $97.09M $112.0M
YoY Change -13.32% 1.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $34.77M $27.49M
Total Long-Term Liabilities $97.09M $112.0M
Total Liabilities $156.6M $200.9M
YoY Change -22.03% 7.96%
SHAREHOLDERS EQUITY
Retained Earnings $59.76M $47.85M
YoY Change 24.89% 52.4%
Common Stock $178.0K $145.0K
YoY Change 22.76% 0.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $226.1M $165.7M
YoY Change
Total Liabilities & Shareholders Equity $383.3M $367.2M
YoY Change 4.39% 12.23%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $2.815M $6.599M
YoY Change -57.34% 86.41%
Depreciation, Depletion And Amortization $2.121M $1.744M
YoY Change 21.62% 8.05%
Cash From Operating Activities $8.510M $12.15M
YoY Change -29.96% 76.34%
INVESTING ACTIVITIES
Capital Expenditures -$3.050M -$3.390M
YoY Change -10.03% 1.19%
Acquisitions
YoY Change
Other Investing Activities -$3.560M -$1.460M
YoY Change 143.84% -74.91%
Cash From Investing Activities -$6.600M -$4.840M
YoY Change 36.36% -47.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.670M -7.330M
YoY Change -77.22% -400.41%
NET CHANGE
Cash From Operating Activities 8.510M 12.15M
Cash From Investing Activities -6.600M -4.840M
Cash From Financing Activities -1.670M -7.330M
Net Change In Cash 240.0K -20.00K
YoY Change -1300.0% -112.5%
FREE CASH FLOW
Cash From Operating Activities $8.510M $12.15M
Capital Expenditures -$3.050M -$3.390M
Free Cash Flow $11.56M $15.54M
YoY Change -25.61% 51.76%

Facts In Submission

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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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3000 USD
us-gaap Effective Income Tax Rate Continuing Operations
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0.267
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Equity Method Investment Dividends Or Distributions
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0 USD
us-gaap Equity Method Investment Dividends Or Distributions
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us-gaap Increase Decrease In Income Taxes Receivable
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25000 USD
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1409000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
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0 USD
CY2018Q4 us-gaap Goodwill
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CY2019Q2 us-gaap Goodwill
Goodwill
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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7022000 USD
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3904000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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49000 USD
us-gaap Increase Decrease In Operating Liabilities
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-96000 USD
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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IncomeLossFromEquityMethodInvestments
1927000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1969000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
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2380000 USD
us-gaap Income Tax Expense Benefit
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-25000 USD
us-gaap Increase Decrease In Other Operating Assets
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130000 USD
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1052000 USD
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us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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3481000 USD
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57470000 USD
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0 USD
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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0 USD
CY2019Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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3612000 USD
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-298000 USD
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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-298000 USD
us-gaap Gain Loss On Disposition Of Assets
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us-gaap Gain Loss On Disposition Of Assets
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11000 USD
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1084000 USD
us-gaap Income Tax Expense Benefit
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100000 USD
us-gaap Income Taxes Paid Net
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130000 USD
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378000 USD
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0 USD
us-gaap Increase Decrease In Accounts Payable
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2244000 USD
us-gaap Increase Decrease In Accounts Payable
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9947000 USD
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6284000 USD
us-gaap Increase Decrease In Accounts Receivable
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5838000 USD
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1000000 USD
us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Income Taxes Receivable
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0 USD
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3841000 USD
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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22000 USD
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27074000 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Parent Diluted
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us-gaap Net Income Loss Attributable To Parent Diluted
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15224000 USD
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372000 USD
us-gaap Interest Costs Capitalized
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344000 USD
us-gaap Interest Costs Capitalized
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us-gaap Interest Expense
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794000 USD
CY2019Q2 us-gaap Interest Expense
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us-gaap Interest Expense
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539000 USD
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1150000 USD
us-gaap Interest Paid Net
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342000 USD
CY2018Q4 us-gaap Inventory Real Estate
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Liabilities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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13275000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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7083000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5000 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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5000 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Parent Diluted
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us-gaap Net Income Loss Attributable To Parent Diluted
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6473000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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14973000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2018Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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6606000 USD
CY2019Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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2820000 USD
us-gaap Noncash Contribution Expense
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315000 USD
us-gaap Noncash Contribution Expense
NoncashContributionExpense
450000 USD
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2019Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Nonoperating Income Expense
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2797000 USD
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2552000 USD
us-gaap Notes Issued1
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us-gaap Notes Issued1
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815000 USD
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68000 USD
us-gaap Notes Reduction
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0 USD
us-gaap Number Of Reportable Segments
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OperatingCostsAndExpenses
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us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
63652000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
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us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
2530000 USD
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OperatingLeasesIncomeStatementMinimumLeaseRevenue
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us-gaap Operating Leases Income Statement Minimum Lease Revenue
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2430000 USD
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CY2018Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
2010000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
6000000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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1421000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
4242000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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50000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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293000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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443000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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589000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2019Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
52000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
103000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
28000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
55000 USD
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58000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
161000 USD
CY2019Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
25000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
67000 USD
CY2019Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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1421000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
4242000 USD
CY2019Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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0 USD
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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589000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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1758000 USD
CY2019Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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0 USD
CY2018Q4 us-gaap Other Liabilities
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CY2019Q2 us-gaap Other Liabilities
OtherLiabilities
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OtherNonoperatingIncomeExpense
257000 USD
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2018Q4 us-gaap Other Prepaid Expense Current
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CY2019Q2 us-gaap Other Prepaid Expense Current
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1780000 USD
us-gaap Payments To Acquire Real Estate
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1444000 USD
us-gaap Payments To Acquire Real Estate
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0 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2018Q4 us-gaap Prepaid Insurance
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us-gaap Revenues
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CY2019Q2 us-gaap Revenues
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us-gaap Revenues
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us-gaap Selling General And Administrative Expense
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CY2019Q2 us-gaap Selling General And Administrative Expense
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4843000 USD
us-gaap Payments Of Dividends Common Stock
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us-gaap Payments Of Dividends Common Stock
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2665000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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251000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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251000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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401000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
305000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
3500000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
4000000 USD
us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
0 USD
us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
397000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
16000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
16000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5420000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8151000 USD
CY2019Q2 us-gaap Prepaid Insurance
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779000 USD
us-gaap Proceeds From Collection Of Notes Receivable
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0 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
150000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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41801000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
58340000 USD
CY2018Q2 us-gaap Profit Loss
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6606000 USD
us-gaap Profit Loss
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CY2019Q2 us-gaap Profit Loss
ProfitLoss
2820000 USD
us-gaap Profit Loss
ProfitLoss
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CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
230592000 USD
CY2018Q4 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
5024000 USD
CY2019Q2 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
5024000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
37564000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
41844000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
50354000 USD
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
59757000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
43135000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
74728000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
42035000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
84053000 USD
CY2018Q2 us-gaap Revenues
Revenues
43135000 USD
CY2018Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
401000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9858000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
939000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1228000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
709000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
230000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
791000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
437000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
136793000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
148007000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
155467000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
219140000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
214450000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
215859000 USD
CY2019Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
305000 USD
CY2018Q4 us-gaap Supplies
Supplies
1196000 USD
CY2019Q2 us-gaap Supplies
Supplies
1165000 USD
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
644000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
645000 shares
CY2019Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
671000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15023000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15023000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14986000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14986000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18225000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18225000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17516000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17516000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14379000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14379000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14341000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14341000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17554000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17554000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17516000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17516000 shares
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization and Basis of Presentation</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Business</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Limoneira Company (together with its consolidated subsidiaries, the &#8220;Company&#8221;) engages primarily in growing citrus and avocados, picking and hauling citrus, and packing, marketing and selling lemons. The Company is also engaged in residential rentals and other rental operations and real estate development activities.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company markets and sells lemons directly to food service, wholesale and retail customers throughout the United States, Canada, Asia and other international markets. The Company is a member of Sunkist Growers, Inc. (&#8220;Sunkist&#8221;), an agricultural marketing cooperative, and sells its oranges, specialty citrus and other crops to Sunkist-licensed and other third-party packinghouses.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company sells all of its avocado production to Calavo Growers, Inc. (&#8220;Calavo&#8221;), a packing and marketing company listed on the NASDAQ Global Select Market under the symbol CVGW. Calavo&#8217;s customers include many of the largest retail and food service companies in the United States and Canada. The Company&#8217;s avocados are packed by Calavo, which are then sold and distributed under Calavo brands to its customers.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Basis of Presentation and Preparation</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited interim consolidated financial statements include the accounts of the Company and the accounts of all the subsidiaries and investments in which a controlling interest is held by the Company. Intercompany accounts and transactions have been eliminated. In the opinion of the Company, the unaudited interim consolidated financial statements reflect all adjustments, which are normal and recurring in nature, necessary for fair financial statement presentation. The preparation of these unaudited interim consolidated financial statements and accompanying notes in conformity with accounting principles generally accepted in the United States (&#8220;GAAP&#8221;) requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. Certain information and footnote disclosures normally included in the annual consolidated financial statements have been condensed or omitted pursuant to the rules and regulations of the SEC. Because the consolidated financial statements do not include all of the information and notes required by GAAP for a complete set of consolidated financial statements, they should be read in conjunction with the audited consolidated financial statements and notes included in the Company&#8217;s Annual Report on Form 10-K.</font></div></div>

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