2023 Q4 Form 10-Q Financial Statement

#000095017023057417 Filed on November 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $191.1M $197.8M
YoY Change -10.23% -13.27%
Cost Of Revenue $133.8M $135.4M
YoY Change -9.42% -13.42%
Gross Profit $57.23M $62.38M
YoY Change -12.05% -12.94%
Gross Profit Margin 29.95% 31.54%
Selling, General & Admin $38.75M $43.70M
YoY Change -18.3% -15.57%
% of Gross Profit 67.7% 70.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.886M $5.600M
YoY Change 12.05% 6.06%
% of Gross Profit 10.28% 8.98%
Operating Expenses $38.75M $43.70M
YoY Change -18.3% -15.57%
Operating Profit $18.49M $18.70M
YoY Change 4.73% -6.0%
Interest Expense -$1.374M -$1.539M
YoY Change -16.93% -10.47%
% of Operating Profit -7.43% -8.23%
Other Income/Expense, Net
YoY Change
Pretax Income $17.23M $17.16M
YoY Change 12.11% -5.58%
Income Tax $4.690M $4.417M
% Of Pretax Income 27.22% 25.73%
Net Earnings $12.54M $12.75M
YoY Change -6.62% -6.76%
Net Earnings / Revenue 6.56% 6.44%
Basic Earnings Per Share $0.35
Diluted Earnings Per Share $0.34 $0.34
COMMON SHARES
Basic Shares Outstanding 36.84M 36.81M
Diluted Shares Outstanding 36.98M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.29M $24.80M
YoY Change 30.9% 21.43%
Cash & Equivalents $30.29M $24.77M
Short-Term Investments
Other Short-Term Assets $6.854M $9.100M
YoY Change -2.1% -13.26%
Inventory $90.84M $96.23M
Prepaid Expenses
Receivables $113.9M $117.4M
Other Receivables $14.73M $0.00
Total Short-Term Assets $256.6M $247.4M
YoY Change -0.23% -7.65%
LONG-TERM ASSETS
Property, Plant & Equipment $107.9M $106.9M
YoY Change 6.27% 9.23%
Goodwill $95.39M $95.13M
YoY Change 0.25% -0.16%
Intangibles $45.13M $46.79M
YoY Change -12.8% -12.4%
Long-Term Investments
YoY Change
Other Assets $8.358M $7.347M
YoY Change 5.6% 38.39%
Total Long-Term Assets $285.0M $283.7M
YoY Change -0.15% 0.67%
TOTAL ASSETS
Total Short-Term Assets $256.6M $247.4M
Total Long-Term Assets $285.0M $283.7M
Total Assets $541.6M $531.1M
YoY Change -0.18% -3.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $79.05M $80.76M
YoY Change 7.5% -16.85%
Accrued Expenses $34.65M $34.30M
YoY Change -17.58% -13.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $26.00M $25.99M
YoY Change
Total Short-Term Liabilities $165.1M $163.9M
YoY Change 19.85% 6.88%
LONG-TERM LIABILITIES
Long-Term Debt $31.99M $33.99M
YoY Change -65.96% -65.31%
Other Long-Term Liabilities $12.11M $10.28M
YoY Change -20.71% -24.88%
Total Long-Term Liabilities $44.10M $44.27M
YoY Change -59.63% -60.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $165.1M $163.9M
Total Long-Term Liabilities $44.10M $44.27M
Total Liabilities $248.8M $248.9M
YoY Change -13.06% -18.33%
SHAREHOLDERS EQUITY
Retained Earnings -$35.52M -$43.01M
YoY Change -44.48% -40.51%
Common Stock $345.1M $343.2M
YoY Change 2.05% 2.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $292.8M $282.2M
YoY Change
Total Liabilities & Shareholders Equity $541.6M $531.1M
YoY Change -0.18% -3.38%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $12.54M $12.75M
YoY Change -6.62% -6.76%
Depreciation, Depletion And Amortization $5.886M $5.600M
YoY Change 12.05% 6.06%
Cash From Operating Activities $15.40M $22.13M
YoY Change -29.55% 34.45%
INVESTING ACTIVITIES
Capital Expenditures $3.565M $4.070M
YoY Change -46.61% -161.0%
Acquisitions
YoY Change
Other Investing Activities $118.0K $0.00
YoY Change -103.51% -100.0%
Cash From Investing Activities -$3.447M -$4.080M
YoY Change -65.66% -38.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.736M -23.76M
YoY Change -24.84% 103.72%
NET CHANGE
Cash From Operating Activities 15.40M 22.13M
Cash From Investing Activities -3.447M -4.080M
Cash From Financing Activities -6.736M -23.76M
Net Change In Cash 5.219M -5.710M
YoY Change 82.35% 208.82%
FREE CASH FLOW
Cash From Operating Activities $15.40M $22.13M
Capital Expenditures $3.565M $4.070M
Free Cash Flow $11.84M $18.06M
YoY Change -22.05% -21.93%

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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5078000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
15364000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
282221000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
209325000
us-gaap Net Income Loss
NetIncomeLoss
46839000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2985000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1609000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5168000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
14979000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
244977000
us-gaap Profit Loss
ProfitLoss
36328000
us-gaap Profit Loss
ProfitLoss
46839000
us-gaap Depreciation
Depreciation
16904000
us-gaap Depreciation
Depreciation
15600000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
234000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
363000
us-gaap Share Based Compensation
ShareBasedCompensation
5078000
us-gaap Share Based Compensation
ShareBasedCompensation
5168000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
78000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
693000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
197798000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
228065000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
621990000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-13764000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
18751000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2905000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7016000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2053000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4912000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1027000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
13869000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
70772000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
50759000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19292000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17615000
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
160000
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
24253000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
142000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1525000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-19310000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-40343000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-34000000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
7000000
mye Payments On Finance Lease
PaymentsOnFinanceLease
403000
mye Payments On Finance Lease
PaymentsOnFinanceLease
374000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
15266000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
14872000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1948000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2059000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2055000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
450000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
718000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-49776000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7355000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-57000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-292000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1629000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2769000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
23139000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
17655000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
24768000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
20424000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
686707000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2273000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2173000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1224000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
218000
mye Allowance For Doubtful Accounts Receivable Write Offs And Other
AllowanceForDoubtfulAccountsReceivableWriteOffsAndOther
739000
mye Allowance For Doubtful Accounts Receivable Write Offs And Other
AllowanceForDoubtfulAccountsReceivableWriteOffsAndOther
469000
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2758000
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1922000
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
200000
us-gaap Restructuring Charges
RestructuringCharges
700000
CY2022Q3 us-gaap Restructuring Charges
RestructuringCharges
300000
us-gaap Restructuring Charges
RestructuringCharges
700000
CY2023Q3 mye Unpaid Severance Charges
UnpaidSeveranceCharges
200000
CY2023Q3 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.35
CY2023Q3 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
0
CY2022Q3 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
1100000
us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
1100000
CY2023Q3 us-gaap Inventory Finished Goods And Work In Process Net Of Reserves
InventoryFinishedGoodsAndWorkInProcessNetOfReserves
57194000
CY2022Q4 us-gaap Inventory Finished Goods And Work In Process Net Of Reserves
InventoryFinishedGoodsAndWorkInProcessNetOfReserves
54991000
CY2023Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
39036000
CY2022Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
38360000
CY2023Q3 us-gaap Inventory Net
InventoryNet
96230000
CY2022Q4 us-gaap Inventory Net
InventoryNet
93351000
CY2023Q3 mye Customer Deposits And Accrued Rebates Current
CustomerDepositsAndAccruedRebatesCurrent
8106000
CY2022Q4 mye Customer Deposits And Accrued Rebates Current
CustomerDepositsAndAccruedRebatesCurrent
10607000
CY2023Q3 us-gaap Dividends Payable Current
DividendsPayableCurrent
5828000
CY2022Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
5722000
CY2023Q3 us-gaap Litigation Reserve Current
LitigationReserveCurrent
656000
CY2022Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
596000
CY2023Q3 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
8005000
CY2022Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
3284000
CY2023Q3 mye Other Accrued Expenses Current
OtherAccruedExpensesCurrent
6543000
CY2022Q4 mye Other Accrued Expenses Current
OtherAccruedExpensesCurrent
6171000
CY2023Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
29138000
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
26380000
CY2023Q3 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
7581000
CY2022Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
13078000
CY2023Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
618000
CY2022Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
824000
CY2023Q3 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
253000
CY2022Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
184000
CY2023Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
1832000
CY2022Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
1184000
CY2023Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
10284000
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
15270000
CY2022Q4 us-gaap Goodwill
Goodwill
95157000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-28000
CY2023Q3 us-gaap Goodwill
Goodwill
95129000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36811296
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36472378
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36712662
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36383398
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
168584
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
244775
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
259722
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
295557
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36979880
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36717153
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36972384
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36678955
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
104409
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
104409
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
114540
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
114540
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
700000
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1300000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5100000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5200000
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
8900000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
60000000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
94000000
CY2023Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
19000
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
38000
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
59981000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
93962000
CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
25994000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
33987000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
93962000
mye Loan Agreement Amendment Description
LoanAgreementAmendmentDescription
On September 29, 2022, the Company entered into a Seventh Amended and Restated Loan Agreement (the “Seventh Amendment”), which amended the Sixth Amended and Restated Loan Agreement (the "Sixth Amendment"), dated March 12, 2021. The Seventh Amendment, among other things, extended the maturity date to September 2027 from March 2024.
mye Loan Maturity Period
LoanMaturityPeriod
2027-09
us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
Borrowings under the Loan Agreement bear interest at the Term SOFR, RFR, EURIBOR and CDOR-based borrowing rates. Amounts borrowed under the credit facility are secured by pledges of stock of certain of the Company’s foreign subsidiaries and guaranties of certain of its domestic subsidiaries.
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.257
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.256
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.248
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.255
us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
The Company and its subsidiaries file U.S. Federal, state and local, and non-U.S. income tax returns. As of September 30, 2023, the Company is no longer subject to U.S. Federal examination by tax authorities for tax years before 2019.
us-gaap Lessee Operating Lease Option To Terminate
LesseeOperatingLeaseOptionToTerminate
Certain of these leases include options to extend the lease for up to five years, and some include options to terminate the lease early.
CY2023Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
27384000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
28908000
CY2023Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
8854000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
9075000
CY2023Q3 mye Operating And Finance Lease Assets
OperatingAndFinanceLeaseAssets
36238000
CY2022Q4 mye Operating And Finance Lease Assets
OperatingAndFinanceLeaseAssets
37983000
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5604000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6177000
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
22023000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
22786000
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
27627000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
28963000
CY2023Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
581000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
518000
CY2023Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
8766000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
8919000
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
9347000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
9437000
CY2023Q3 mye Operating And Finance Lease Liabilities
OperatingAndFinanceLeaseLiabilities
36974000
CY2022Q4 mye Operating And Finance Lease Liabilities
OperatingAndFinanceLeaseLiabilities
38400000
CY2023Q3 us-gaap Lease Cost
LeaseCost
2628000
CY2022Q3 us-gaap Lease Cost
LeaseCost
2500000
us-gaap Lease Cost
LeaseCost
7943000
us-gaap Lease Cost
LeaseCost
7026000
us-gaap Operating Lease Payments
OperatingLeasePayments
5649000
us-gaap Operating Lease Payments
OperatingLeasePayments
5074000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
251000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
256000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
403000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
374000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3756000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3638000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
313000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y11M4D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y5M8D
CY2023Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P12Y2M26D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P13Y2M1D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.044
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.036
CY2023Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.037
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.035
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1783000
CY2023Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
225000
CY2023Q3 mye Operating And Finance Lease Liability Payments Due Next Twelve Months
OperatingAndFinanceLeaseLiabilityPaymentsDueNextTwelveMonths
2008000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6415000
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
920000
CY2023Q3 mye Operating And Finance Lease Liability Payments Due Year Two
OperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
7335000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5506000
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
924000
CY2023Q3 mye Operating And Finance Lease Liability Payments Due Year Three
OperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
6430000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4838000
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
924000
CY2023Q3 mye Operating And Finance Lease Liability Payments Due Year Four
OperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
5762000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3948000
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
945000
CY2023Q3 mye Operating And Finance Lease Liability Payments Due Year Five
OperatingAndFinanceLeaseLiabilityPaymentsDueYearFive
4893000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
8749000
CY2023Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
7658000
CY2023Q3 mye Operating And Finance Lease Liability Payments Due After Year Five
OperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFive
16407000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
31239000
CY2023Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
11596000
CY2023Q3 mye Operating And Finance Lease Liability Payments Due
OperatingAndFinanceLeaseLiabilityPaymentsDue
42835000
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3612000
CY2023Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2249000
CY2023Q3 mye Operating And Finance Lease Liability Undiscounted Excess Amount
OperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
5861000
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
27627000
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
9347000
CY2023Q3 mye Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
36974000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
197798000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
228065000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
621990000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
686707000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
18703000
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
19897000
us-gaap Operating Income Loss
OperatingIncomeLoss
53802000
us-gaap Operating Income Loss
OperatingIncomeLoss
66919000
CY2023Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-1539000
CY2022Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-1719000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-4975000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-4077000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
17164000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
18178000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
48827000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
62842000
us-gaap Severance Costs1
SeveranceCosts1
700000
CY2023Q3 us-gaap Accrual For Environmental Loss Contingencies Increase Decrease For Acquisitions And Divestitures
AccrualForEnvironmentalLossContingenciesIncreaseDecreaseForAcquisitionsAndDivestitures
-100000
CY2022Q3 us-gaap Accrual For Environmental Loss Contingencies Increase Decrease For Acquisitions And Divestitures
AccrualForEnvironmentalLossContingenciesIncreaseDecreaseForAcquisitionsAndDivestitures
1500000
us-gaap Accrual For Environmental Loss Contingencies Increase Decrease For Acquisitions And Divestitures
AccrualForEnvironmentalLossContingenciesIncreaseDecreaseForAcquisitionsAndDivestitures
2200000
us-gaap Accrual For Environmental Loss Contingencies Increase Decrease For Acquisitions And Divestitures
AccrualForEnvironmentalLossContingenciesIncreaseDecreaseForAcquisitionsAndDivestitures
2800000
mye Strategic Consulting Costs
StrategicConsultingCosts
1300000
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

Files In Submission

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mye-20230930_cal.xml Edgar Link unprocessable
0000950170-23-057417-index-headers.html Edgar Link pending
0000950170-23-057417-index.html Edgar Link pending
0000950170-23-057417.txt Edgar Link pending
0000950170-23-057417-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
mye-20230930.htm Edgar Link pending
mye-20230930.xsd Edgar Link pending
mye-ex10_1.htm Edgar Link pending
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mye-20230930_def.xml Edgar Link unprocessable
mye-20230930_lab.xml Edgar Link unprocessable
mye-20230930_pre.xml Edgar Link unprocessable
mye-20230930_htm.xml Edgar Link completed
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