$MLR
MILLER INDUSTRIES INC /TN/

2023 Q4 Form 10-Q Financial Statement

#000155837023018257 Filed on November 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $296.2M $274.6M
YoY Change 31.17% 33.57%
Cost Of Revenue $257.6M $231.7M
YoY Change 28.59% 27.04%
Gross Profit $38.64M $42.87M
YoY Change 51.38% 84.94%
Gross Profit Margin 13.04% 15.61%
Selling, General & Admin $16.37M $19.32M
YoY Change 24.77% 31.66%
% of Gross Profit 42.36% 45.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.563M $3.320M
YoY Change 13.69% 10.48%
% of Gross Profit 9.22% 7.74%
Operating Expenses $16.37M $19.32M
YoY Change 24.77% 31.66%
Operating Profit $22.27M $23.55M
YoY Change 79.51% 176.83%
Interest Expense -$666.0K $1.813M
YoY Change -22.83% 73.99%
% of Operating Profit -2.99% 7.7%
Other Income/Expense, Net -$634.0K $900.0K
YoY Change -854.76% -2827.27%
Pretax Income $20.97M $22.03M
YoY Change 80.36% 224.03%
Income Tax $4.279M $4.572M
% Of Pretax Income 20.4% 20.75%
Net Earnings $16.70M $17.46M
YoY Change 79.67% 233.7%
Net Earnings / Revenue 5.64% 6.36%
Basic Earnings Per Share $1.53
Diluted Earnings Per Share $1.45 $1.52
COMMON SHARES
Basic Shares Outstanding 11.45M 11.45M
Diluted Shares Outstanding 11.52M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.91M $26.80M
YoY Change -25.51% -19.3%
Cash & Equivalents $29.91M $26.85M
Short-Term Investments
Other Short-Term Assets $4.617M $5.300M
YoY Change 0.9% -12.44%
Inventory $189.8M $176.3M
Prepaid Expenses $4.617M $5.343M
Receivables $286.1M $240.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $510.5M $449.1M
YoY Change 35.75% 27.76%
LONG-TERM ASSETS
Property, Plant & Equipment $115.1M $116.2M
YoY Change 2.61% 3.26%
Goodwill $20.02M $20.59M
YoY Change 72.32% 77.24%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $819.0K $782.0K
YoY Change 15.68% 24.92%
Total Long-Term Assets $136.7M $138.3M
YoY Change 9.06% 9.99%
TOTAL ASSETS
Total Short-Term Assets $510.5M $449.1M
Total Long-Term Assets $136.7M $138.3M
Total Assets $647.2M $587.4M
YoY Change 29.07% 23.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $191.8M $146.8M
YoY Change 52.81% 36.58%
Accrued Expenses $40.79M $40.23M
YoY Change 46.19% 33.54%
Deferred Revenue $242.0K
YoY Change -11.68%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $234.7M $188.5M
YoY Change 50.32% 36.69%
LONG-TERM LIABILITIES
Long-Term Debt $60.00M $60.00M
YoY Change 33.33% 33.33%
Other Long-Term Liabilities $506.0K $400.0K
YoY Change -15.24% -36.31%
Total Long-Term Liabilities $60.00M $60.00M
YoY Change 33.33% 33.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $234.7M $188.5M
Total Long-Term Liabilities $60.00M $60.00M
Total Liabilities $299.3M $255.0M
YoY Change 43.91% 35.12%
SHAREHOLDERS EQUITY
Retained Earnings $200.2M $185.5M
YoY Change 33.33% 26.38%
Common Stock $114.0K $114.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $347.9M $332.4M
YoY Change
Total Liabilities & Shareholders Equity $647.2M $587.4M
YoY Change 29.07% 23.08%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $16.70M $17.46M
YoY Change 79.67% 233.7%
Depreciation, Depletion And Amortization $3.563M $3.320M
YoY Change 13.69% 10.48%
Cash From Operating Activities $6.753M $1.300M
YoY Change -45.75% -59.69%
INVESTING ACTIVITIES
Capital Expenditures $2.367M $3.120M
YoY Change -37.91% -236.42%
Acquisitions
YoY Change
Other Investing Activities $792.0K -$210.0K
YoY Change
Cash From Investing Activities -$1.565M -$3.340M
YoY Change -58.95% 46.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.069M -2.060M
YoY Change 0.68% -170.07%
NET CHANGE
Cash From Operating Activities 6.753M 1.300M
Cash From Investing Activities -1.565M -3.340M
Cash From Financing Activities -2.069M -2.060M
Net Change In Cash 3.119M -4.100M
YoY Change -52.6% -205.72%
FREE CASH FLOW
Cash From Operating Activities $6.753M $1.300M
Capital Expenditures $2.367M $3.120M
Free Cash Flow $4.386M -$1.820M
YoY Change -49.21% -133.02%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0000924822
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Amendment Flag
AmendmentFlag
false
mlr Percent Of Impacted Accounts
PercentOfImpactedAccounts
0.036
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2023Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-14124
dei Entity Registrant Name
EntityRegistrantName
MILLER INDUSTRIES, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
TN
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
62-1566286
dei Entity Address Address Line1
EntityAddressAddressLine1
8503 Hilltop Drive
dei Entity Address City Or Town
EntityAddressCityOrTown
Ooltewah
dei Entity Address State Or Province
EntityAddressStateOrProvince
TN
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
37363
dei City Area Code
CityAreaCode
423
dei Local Phone Number
LocalPhoneNumber
238-4171
dei Security12b Title
Security12bTitle
Common Stock, par value $0.01 per share
dei Trading Symbol
TradingSymbol
MLR
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2023Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
11445640
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26847000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40153000
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1472000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1319000
CY2023Q3 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
240590000
CY2022Q4 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
177663000
CY2023Q3 us-gaap Inventory Net
InventoryNet
176329000
CY2022Q4 us-gaap Inventory Net
InventoryNet
153656000
CY2023Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
5343000
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
4576000
CY2023Q3 us-gaap Assets Current
AssetsCurrent
449109000
CY2022Q4 us-gaap Assets Current
AssetsCurrent
376048000
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
116216000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
112145000
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
705000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
909000
CY2023Q3 us-gaap Goodwill
Goodwill
20594000
CY2022Q4 us-gaap Goodwill
Goodwill
11619000
CY2023Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
782000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
708000
CY2023Q3 us-gaap Assets
Assets
587406000
CY2022Q4 us-gaap Assets
Assets
501429000
CY2023Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
146790000
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
125500000
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
40228000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
27904000
CY2023Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1214000
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
2430000
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
282000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
311000
CY2023Q3 us-gaap Liabilities Current
LiabilitiesCurrent
188514000
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
156145000
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
60000000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
45000000
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
422000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
597000
CY2023Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
6085000
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
6230000
CY2023Q3 us-gaap Liabilities
Liabilities
255021000
CY2022Q4 us-gaap Liabilities
Liabilities
207972000
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
11445640
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
11416716
CY2023Q3 us-gaap Common Stock Value
CommonStockValue
114000
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
114000
CY2023Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
153191000
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
152392000
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
185541000
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
150124000
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-6461000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-9173000
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
332385000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
293457000
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
587406000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
501429000
CY2023Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
274568000
CY2022Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
205557000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
857108000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
622602000
CY2023Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
231700000
CY2022Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
182377000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
743894000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
565708000
CY2023Q3 us-gaap Gross Profit
GrossProfit
42868000
CY2022Q3 us-gaap Gross Profit
GrossProfit
23180000
us-gaap Gross Profit
GrossProfit
113214000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
17459000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
5232000
us-gaap Gross Profit
GrossProfit
56894000
CY2023Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
19318000
CY2022Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14673000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
56721000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
39710000
CY2023Q3 us-gaap Interest Expense
InterestExpense
1813000
CY2022Q3 us-gaap Interest Expense
InterestExpense
1042000
us-gaap Interest Expense
InterestExpense
4525000
us-gaap Interest Expense
InterestExpense
2088000
CY2023Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
294000
CY2022Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-666000
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
842000
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-993000
CY2023Q3 mlr Operating And Nonoperating Income Expense
OperatingAndNonoperatingIncomeExpense
20837000
CY2022Q3 mlr Operating And Nonoperating Income Expense
OperatingAndNonoperatingIncomeExpense
16381000
mlr Operating And Nonoperating Income Expense
OperatingAndNonoperatingIncomeExpense
60404000
mlr Operating And Nonoperating Income Expense
OperatingAndNonoperatingIncomeExpense
42791000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
22031000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6799000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
52810000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
14103000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4572000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1567000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11214000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3049000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
17459000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
5232000
us-gaap Net Income Loss
NetIncomeLoss
41596000
us-gaap Net Income Loss
NetIncomeLoss
11054000
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.53
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.64
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.97
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.52
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.62
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.97
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.54
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.54
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11446000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11417000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11437000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11417000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11515000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11417000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11495000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11418000
us-gaap Net Income Loss
NetIncomeLoss
41596000
us-gaap Net Income Loss
NetIncomeLoss
11054000
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
822000
CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3341000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2712000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5621000
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
822000
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3341000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2712000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5621000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
18281000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1891000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
44308000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
5433000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
284616000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
2065000
CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
25000
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
2090000
CY2022Q1 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
200000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
75000
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.18
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
2055000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
284926000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
3757000
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2305000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1452000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
222000
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.18
CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
2054000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
284546000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
5232000
CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3341000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1891000
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
223000
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.18
CY2022Q3 us-gaap Dividends Common Stock
DividendsCommonStock
2056000
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
284604000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
293457000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
9220000
CY2023Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
979000
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
10199000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
284000
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
24320
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-214000
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.18
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
2059000
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
301667000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
14915000
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
911000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
15826000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
284000
CY2023Q2 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
4604
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.18
CY2023Q2 us-gaap Dividends Common Stock
DividendsCommonStock
2059000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
315718000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
17459000
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
822000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
18281000
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
445000
CY2023Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.18
CY2023Q3 us-gaap Dividends Common Stock
DividendsCommonStock
2059000
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
332385000
us-gaap Net Income Loss
NetIncomeLoss
41596000
us-gaap Net Income Loss
NetIncomeLoss
11054000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9681000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8628000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
44000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
52000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
148000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
126000
us-gaap Share Based Compensation
ShareBasedCompensation
800000
us-gaap Share Based Compensation
ShareBasedCompensation
720000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-142000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
19000
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
60087000
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
15147000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
17661000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
32625000
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
656000
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
359000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-182000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-51000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
19991000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-10190000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
10405000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
6173000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4213000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-31602000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9734000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25127000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
28000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
8000
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
17802000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-27508000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-25119000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
45000000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
15000000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6178000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6165000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
15000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8822000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
38820000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1167000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3223000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13306000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-21124000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40153000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54332000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26847000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33208000
us-gaap Interest Paid Net
InterestPaidNet
5758000
us-gaap Interest Paid Net
InterestPaidNet
1902000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
12980000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1277000
us-gaap Basis Of Accounting
BasisOfAccounting
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;line-height:1.19;margin:0pt 0pt 10pt 0pt;">1.          BASIS OF PRESENTATION</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt 0pt 10pt 0pt;">The condensed consolidated financial statements of Miller Industries, Inc. and subsidiaries (the “Company”) included herein have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to such rules and regulations. Nevertheless, the Company believes that the disclosures are adequate to make the financial information presented not misleading. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature, to present fairly the Company’s financial position, results of operations and cash flows at the dates and for the periods presented. Interim results of operations are not necessarily indicative of results to be expected for the fiscal year.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;">These condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. The condensed consolidated financial statements include accounts of certain subsidiaries whose fiscal closing dates differ from December 31st by 31 days (or less) to facilitate timely reporting.</p>
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
17459000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
5232000
us-gaap Net Income Loss
NetIncomeLoss
41596000
us-gaap Net Income Loss
NetIncomeLoss
11054000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11446000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11417000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11437000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11417000
CY2023Q3 us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
69000
us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
58000
us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
1000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11515000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11417000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11495000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11418000
CY2023Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
274568000
CY2022Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
205557000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
857108000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
622602000
CY2023Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
242000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
0
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
0
CY2023Q2 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
0
CY2022Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
0
CY2022Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
274000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
257000
CY2022Q3 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
0
mlr Number Of Customer
NumberOfCustomer
1
CY2023Q3 mlr Inventory Chassis Net Of Reserves
InventoryChassisNetOfReserves
20187000
CY2022Q4 mlr Inventory Chassis Net Of Reserves
InventoryChassisNetOfReserves
18604000
CY2023Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
86157000
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
75934000
CY2023Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
45520000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
40655000
CY2023Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
24465000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
18463000
CY2023Q3 us-gaap Inventory Net
InventoryNet
176329000
CY2022Q4 us-gaap Inventory Net
InventoryNet
153656000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26847000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40153000
us-gaap Lessee Finance Lease Existence Of Option To Extend
LesseeFinanceLeaseExistenceOfOptionToExtend
true
us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
us-gaap Lessee Operating Lease Existence Of Option To Terminate
LesseeOperatingLeaseExistenceOfOptionToTerminate
true
us-gaap Lessee Finance Lease Existence Of Option To Terminate
LesseeFinanceLeaseExistenceOfOptionToTerminate
true
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
85000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
316000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
261000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
100000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
764000
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
59000
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
705000
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
15000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
14000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000
CY2022Q3 mlr Finance Lease Cost
FinanceLeaseCost
4000
mlr Finance Lease Cost
FinanceLeaseCost
18000
mlr Finance Lease Cost
FinanceLeaseCost
15000
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
91000
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
95000
us-gaap Operating Lease Cost
OperatingLeaseCost
271000
us-gaap Operating Lease Cost
OperatingLeaseCost
300000
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
85000
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
141000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
253000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
424000
CY2023Q3 us-gaap Lease Cost
LeaseCost
176000
CY2022Q3 us-gaap Lease Cost
LeaseCost
240000
us-gaap Lease Cost
LeaseCost
542000
us-gaap Lease Cost
LeaseCost
739000
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
91000
CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
95000
us-gaap Operating Lease Payments
OperatingLeasePayments
455000
us-gaap Operating Lease Payments
OperatingLeasePayments
301000
CY2022Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
15000
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
67000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
135000
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y4M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y1M6D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.032
CY2023Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
0
CY2023Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
1812000
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
111342000
CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
110194000
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
142887000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
95293000
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
121746000
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
137998000
CY2023Q4 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2023-11-06
CY2023Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.18
us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2023-12-11
us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2023-12-04

Files In Submission

Name View Source Status
0001558370-23-018257-index-headers.html Edgar Link pending
0001558370-23-018257-index.html Edgar Link pending
0001558370-23-018257.txt Edgar Link pending
0001558370-23-018257-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mlr-20230930.xsd Edgar Link pending
mlr-20230930x10q.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
mlr-20230930x10q002.jpg Edgar Link pending
mlr-20230930xex10d1.htm Edgar Link pending
mlr-20230930xex31d1.htm Edgar Link pending
mlr-20230930xex31d2.htm Edgar Link pending
mlr-20230930xex32d1.htm Edgar Link pending
mlr-20230930xex32d2.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
mlr-20230930_lab.xml Edgar Link unprocessable
mlr-20230930_pre.xml Edgar Link unprocessable
mlr-20230930x10q_htm.xml Edgar Link completed
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
mlr-20230930_cal.xml Edgar Link unprocessable
mlr-20230930_def.xml Edgar Link unprocessable