2022 Q2 Form 10-Q Financial Statement

#000134242322000014 Filed on June 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $46.75M $39.27M $33.49M
YoY Change 3.59% 2.61% 12.51%
Cost Of Revenue $37.60M $41.24M $35.36M
YoY Change 3.17% 11.66% 6.94%
Gross Profit $9.151M -$1.970M -$1.869M
YoY Change 5.3% -247.34% -43.36%
Gross Profit Margin 19.57% -5.02% -5.58%
Selling, General & Admin $5.126M $6.599M $4.425M
YoY Change -1.73% 11.94% -22.64%
% of Gross Profit 56.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.483M $2.480M $2.322M
YoY Change -2.7% -0.84% -8.58%
% of Gross Profit 27.13%
Operating Expenses $5.126M $6.599M $4.425M
YoY Change -1.73% 11.94% -22.77%
Operating Profit $2.586M -$9.558M -$6.294M
YoY Change 8.47% 69.47% -30.3%
Interest Expense -$477.0K $287.0K $345.0K
YoY Change -176.69% -314.18% -157.5%
% of Operating Profit -18.45%
Other Income/Expense, Net -$292.0K $302.0K $6.000K
YoY Change -383.5% -43.76% -120.0%
Pretax Income $2.294M -$9.256M -$6.052M
YoY Change -7.76% 81.38% -40.37%
Income Tax $722.0K -$2.650M -$2.231M
% Of Pretax Income 31.47%
Net Earnings $1.561M -$6.518M -$4.871M
YoY Change -19.24% 54.9% -34.44%
Net Earnings / Revenue 3.34% -16.6% -14.54%
Basic Earnings Per Share $0.08 -$0.38
Diluted Earnings Per Share $0.08 -$0.38 -$272.1K
COMMON SHARES
Basic Shares Outstanding 17.51M shares 17.45M shares 17.70M shares
Diluted Shares Outstanding 17.51M shares 17.45M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.307M $5.656M $6.397M
YoY Change -1.94% -2.48% 128.46%
Cash & Equivalents $960.0K $816.0K $439.0K
Short-Term Investments
Other Short-Term Assets $13.03M $15.00M $14.86M
YoY Change 8.87% 32.78% 12.59%
Inventory
Prepaid Expenses
Receivables $22.14M $20.87M $17.48M
Other Receivables $477.0K $2.690M $3.347M
Total Short-Term Assets $41.95M $44.22M $42.09M
YoY Change -4.82% 3.41% -1.01%
LONG-TERM ASSETS
Property, Plant & Equipment $239.6M $240.5M $242.4M
YoY Change -2.01% -1.52% -0.09%
Goodwill $1.520M $1.528M $1.527M
YoY Change -1.94% -1.04% -0.52%
Intangibles $7.873M $8.162M $8.329M
YoY Change -29.45% -28.02% -26.35%
Long-Term Investments $64.29M $64.12M $64.07M
YoY Change 3.32% 4.13% 4.67%
Other Assets $12.47M $12.58M $11.01M
YoY Change 35.93% 41.91% 26.03%
Total Long-Term Assets $348.8M $349.7M $350.2M
YoY Change -0.5% 0.19% 0.9%
TOTAL ASSETS
Total Short-Term Assets $41.95M $44.22M $42.09M
Total Long-Term Assets $348.8M $349.7M $350.2M
Total Assets $390.7M $393.9M $392.3M
YoY Change -0.98% 0.54% 0.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.800M $7.813M $8.963M
YoY Change 14.88% 10.63% 53.53%
Accrued Expenses $6.802M $7.370M $6.542M
YoY Change 14.7% 6.92% -17.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.678M $2.401M $2.472M
YoY Change 10.25% -27.33% -24.57%
Total Short-Term Liabilities $37.81M $34.61M $35.32M
YoY Change 12.03% 15.66% 12.28%
LONG-TERM LIABILITIES
Long-Term Debt $135.6M $142.1M $130.4M
YoY Change 5.76% 8.12% 6.35%
Other Long-Term Liabilities $5.598M $5.524M $4.501M
YoY Change -14.83% -16.98% -31.47%
Total Long-Term Liabilities $141.2M $147.7M $134.9M
YoY Change 4.76% 6.91% 4.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $37.81M $34.61M $35.32M
Total Long-Term Liabilities $141.2M $147.7M $134.9M
Total Liabilities $200.0M $202.5M $193.0M
YoY Change 4.84% 6.99% 5.46%
SHAREHOLDERS EQUITY
Retained Earnings $13.69M $13.58M $21.55M
YoY Change -46.56% -45.98% -30.02%
Common Stock $180.0K $180.0K $179.0K
YoY Change 0.56% 0.56% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 251.0K shares 251.0K shares 251.0K shares
Shareholders Equity $178.9M $179.5M $187.3M
YoY Change
Total Liabilities & Shareholders Equity $390.7M $393.9M $392.3M
YoY Change -0.98% 0.54% 0.69%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $1.561M -$6.518M -$4.871M
YoY Change -19.24% 54.9% -34.44%
Depreciation, Depletion And Amortization $2.483M $2.480M $2.322M
YoY Change -2.7% -0.84% -8.58%
Cash From Operating Activities $7.002M -$8.162M -$7.197M
YoY Change 8.85% 355.98% -10381.43%
INVESTING ACTIVITIES
Capital Expenditures -$2.043M -$2.080M -$1.552M
YoY Change 2.71% -39.18% -35.6%
Acquisitions
YoY Change
Other Investing Activities $2.341M $1.340M $31.00K
YoY Change 2901.28% -888.24% -99.48%
Cash From Investing Activities $298.0K -$740.0K -$1.521M
YoY Change -115.51% -79.33% -142.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $32.73M
YoY Change 74.12%
Cash From Financing Activities -6.960M $9.286M 8.343M
YoY Change 45.55% 38.91% -302.5%
NET CHANGE
Cash From Operating Activities 7.002M -$8.162M -7.197M
Cash From Investing Activities 298.0K -$740.0K -1.521M
Cash From Financing Activities -6.960M $9.286M 8.343M
Net Change In Cash 340.0K $377.0K -375.0K
YoY Change -225.93% -71.87% -16.67%
FREE CASH FLOW
Cash From Operating Activities $7.002M -$8.162M -$7.197M
Capital Expenditures -$2.043M -$2.080M -$1.552M
Free Cash Flow $9.045M -$6.082M -$5.645M
YoY Change 7.4% -473.13% -327.62%

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CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
103000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
10000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
640000 USD
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2294000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2487000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q2 us-gaap Profit Loss
ProfitLoss
1572000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
1513000 USD
us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
1933000 USD
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
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CY2021Q2 us-gaap Dividends Preferred Stock
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126000 USD
us-gaap Dividends Preferred Stock
DividendsPreferredStock
251000 USD
us-gaap Dividends Preferred Stock
DividendsPreferredStock
251000 USD
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1435000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1807000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5208000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.30
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17511000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17461000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17461000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17429000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17511000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17461000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17461000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17429000 shares
CY2022Q2 us-gaap Profit Loss
ProfitLoss
1572000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
1513000 USD
us-gaap Profit Loss
ProfitLoss
-5034000 USD
us-gaap Profit Loss
ProfitLoss
-2403000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1006000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
577000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-951000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1372000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-50000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-54000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-100000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-73000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-134000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-145000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-268000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-933000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
711000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-806000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1640000 USD
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
639000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
2224000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-5840000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-763000 USD
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
5000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-403000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-1928000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-81000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-72000 USD
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
634000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2627000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5759000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-691000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
188435000 USD
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.075
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1328000 USD
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
997000 USD
CY2022Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
900000 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-6606000 USD
CY2022Q1 lmnr Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
129000 USD
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
180602000 USD
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.075
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1325000 USD
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
378000 USD
CY2022Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
186000 USD
CY2022Q2 us-gaap Profit Loss
ProfitLoss
1572000 USD
CY2022Q2 lmnr Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-939000 USD
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
179976000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
195760000 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.075
CY2021Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1324000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1067000 USD
CY2021Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
701000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-3916000 USD
CY2021Q1 lmnr Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
968000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
191729000 USD
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.075
CY2021Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1327000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
570000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1160000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
1513000 USD
CY2021Q2 lmnr Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
728000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
193087000 USD
us-gaap Profit Loss
ProfitLoss
-5034000 USD
us-gaap Profit Loss
ProfitLoss
-2403000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4963000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5053000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-261000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
16000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1375000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1637000 USD
lmnr Noncash Lease Expense
NoncashLeaseExpense
207000 USD
lmnr Noncash Lease Expense
NoncashLeaseExpense
237000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
350000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1009000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
132000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-213000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-257000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6733000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-360000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-274000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3877000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-4640000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2724000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2392000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1158000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
0 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-4966000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-33000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
0 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-413000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2738000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1030000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1197000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-167000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4643000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
4123000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
5409000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1121000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
83000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
2600000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
25000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
40000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
200000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-442000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5501000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
75247000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
48185000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
68762000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
42675000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
169000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2653000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2651000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
251000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
251000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1086000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
700000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2326000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1908000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-203000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
521000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1089000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
439000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
501000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
960000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1590000 USD
us-gaap Interest Paid Net
InterestPaidNet
431000 USD
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
180000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
263000 USD
us-gaap Interest Paid Net
InterestPaidNet
780000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-4997000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
88000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
150000 USD
us-gaap Noncash Contribution Expense
NoncashContributionExpense
450000 USD
us-gaap Noncash Contribution Expense
NoncashContributionExpense
450000 USD
us-gaap Nature Of Operations
NatureOfOperations
Organization and Basis of Presentation<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Business</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Limoneira Company (together with its consolidated subsidiaries, the “Company”) engages primarily in growing citrus and avocados, picking and hauling citrus, and packing, marketing and selling citrus. The Company is also engaged in residential rentals and other rental operations and real estate development activities.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company markets and sells citrus directly to food service, wholesale and retail customers throughout the United States, Canada, Asia, Europe and other international markets. The Company is a member of Sunkist Growers, Inc. (“Sunkist”), an agricultural marketing cooperative, and sells a portion of its oranges, specialty citrus and other crops to Sunkist-licensed and other third-party packinghouses.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Through fiscal year 2021, the Company sold the majority of its avocado production to Calavo Growers, Inc. (“Calavo”), a packing and marketing company listed on the NASDAQ Global Select Market under the symbol CVGW. In February 2022, the Company terminated its Avocado Marketing Agreement and the associated Letter Agreement Regarding Fruit Commitment with Calavo to pursue opportunities with other packing and marketing companies.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Basis of Presentation and Preparation</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying unaudited interim consolidated financial statements include the accounts of the Company and the accounts of all the subsidiaries and investments in which the Company holds a controlling interest. Intercompany balances and transactions have been eliminated in consolidation. 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 U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and 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. Actual results could differ 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’s Annual Report on Form 10-K.</span></div>
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-806000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
1640000 USD
CY2022Q1 lmnr Number Of Acres Of Land For Lease
NumberOfAcresOfLandForLease
1200 acre
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-107000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-551000 USD
CY2022Q2 lmnr Prepaid Supplies And Insurance Current
PrepaidSuppliesAndInsuranceCurrent
3030000 USD
CY2021Q4 lmnr Prepaid Supplies And Insurance Current
PrepaidSuppliesAndInsuranceCurrent
2521000 USD
CY2022Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
0 USD
CY2021Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
2438000 USD
CY2022Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
2543000 USD
CY2021Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
2543000 USD
CY2022Q2 lmnr Sales Tax Receivable Current
SalesTaxReceivableCurrent
477000 USD
CY2021Q4 lmnr Sales Tax Receivable Current
SalesTaxReceivableCurrent
909000 USD
CY2022Q2 lmnr Advances Prepaid Expense Current
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Diluted
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lmnr Defined Benefit Plan Average Earnings Term
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us-gaap Defined Benefit Plan Contributions By Employer
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us-gaap Defined Benefit Plan Contributions By Employer
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CY2022Q2 us-gaap Defined Benefit Plan Administration Expenses
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CY2021Q2 us-gaap Defined Benefit Plan Administration Expenses
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us-gaap Defined Benefit Plan Administration Expenses
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CY2022Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
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CY2021Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
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22000 USD
CY2022Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
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CY2021Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
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CY2022Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2021Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
166000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
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us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2021Q4 us-gaap Stock Repurchase Program Authorized Amount1
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10000000 USD
us-gaap Treasury Stock Shares Acquired
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0 shares
us-gaap Number Of Operating Segments
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CY2022Q2 us-gaap Revenues
Revenues
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CY2022Q2 us-gaap Operating Income Loss
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CY2021Q2 us-gaap Revenues
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CY2021Q2 us-gaap Revenues
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us-gaap Revenues
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us-gaap Revenues
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us-gaap Operating Costs And Expenses
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us-gaap Depreciation Depletion And Amortization
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5053000 USD
us-gaap Operating Income Loss
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-3256000 USD

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