2024 Q2 Form 10-Q Financial Statement

#000091854124000066 Filed on May 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $123.0M $121.2M
YoY Change -1.77% -4.63%
Cost Of Revenue $101.3M $101.1M
YoY Change -5.97% -6.77%
Gross Profit $21.74M $20.11M
YoY Change 24.04% 7.74%
Gross Profit Margin 17.67% 16.59%
Selling, General & Admin $13.51M $13.35M
YoY Change 23.11% 1.39%
% of Gross Profit 62.16% 66.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.76M $12.55M
YoY Change 1.83% 8.95%
% of Gross Profit 54.11% 62.39%
Operating Expenses $13.51M $13.35M
YoY Change 23.11% 1.39%
Operating Profit -$2.147M -$4.783M
YoY Change -46.95% -32.4%
Interest Expense $5.873M $5.366M
YoY Change 7.62% 25.14%
% of Operating Profit
Other Income/Expense, Net $3.461M -$4.153M
YoY Change -161.35% -288.09%
Pretax Income -$4.559M -$14.30M
YoY Change -69.9% 56.22%
Income Tax -$215.0K $506.0K
% Of Pretax Income
Net Earnings -$2.203M -$12.54M
YoY Change -84.68% 23.21%
Net Earnings / Revenue -1.79% -10.34%
Basic Earnings Per Share -$0.12 -$0.34
Diluted Earnings Per Share -$0.12 -$0.34
COMMON SHARES
Basic Shares Outstanding 50.00M shares 49.17M shares
Diluted Shares Outstanding 48.84M shares 47.72M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.75M $20.61M
YoY Change -4.12% 95.45%
Cash & Equivalents $13.75M $20.61M
Short-Term Investments
Other Short-Term Assets $16.88M $10.44M
YoY Change 82.66% 15.78%
Inventory $68.29M $72.72M
Prepaid Expenses
Receivables $68.83M $71.86M
Other Receivables $13.05M $11.95M
Total Short-Term Assets $185.3M $193.5M
YoY Change -6.12% -3.47%
LONG-TERM ASSETS
Property, Plant & Equipment $213.2M $221.8M
YoY Change -10.11% -7.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $36.33M $34.41M
YoY Change 15.08% 6.82%
Other Assets $10.39M $7.087M
YoY Change 62.41% 63.52%
Total Long-Term Assets $311.9M $319.3M
YoY Change -8.54% -7.93%
TOTAL ASSETS
Total Short-Term Assets $185.3M $193.5M
Total Long-Term Assets $311.9M $319.3M
Total Assets $497.2M $512.8M
YoY Change -7.65% -6.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $45.47M $50.79M
YoY Change -11.56% 1.62%
Accrued Expenses $20.27M $22.10M
YoY Change 8.5% 14.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.041M $7.014M
YoY Change 18.08% 12.08%
Total Short-Term Liabilities $90.90M $94.79M
YoY Change -0.14% 3.78%
LONG-TERM LIABILITIES
Long-Term Debt $150.7M $151.5M
YoY Change 1.38% 3.63%
Other Long-Term Liabilities $12.21M $18.35M
YoY Change -33.94% 71.25%
Total Long-Term Liabilities $162.9M $169.9M
YoY Change -2.52% 8.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $90.90M $94.79M
Total Long-Term Liabilities $162.9M $169.9M
Total Liabilities $303.5M $315.2M
YoY Change -3.05% 3.33%
SHAREHOLDERS EQUITY
Retained Earnings -$310.1M -$307.9M
YoY Change 14.95% 20.56%
Common Stock $500.0K $495.0K
YoY Change 6.38% 13.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $108.4M $116.1M
YoY Change
Total Liabilities & Shareholders Equity $497.2M $512.8M
YoY Change -7.65% -6.29%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$2.203M -$12.54M
YoY Change -84.68% 23.21%
Depreciation, Depletion And Amortization $11.76M $12.55M
YoY Change 1.83% 8.95%
Cash From Operating Activities -$1.281M $712.0K
YoY Change -115.22% 215.04%
INVESTING ACTIVITIES
Capital Expenditures $3.592M $5.460M
YoY Change -50.1% 9.27%
Acquisitions
YoY Change
Other Investing Activities $139.0K $98.00K
YoY Change -92.02% -90.53%
Cash From Investing Activities -$3.453M -$5.362M
YoY Change -36.72% 35.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $29.81M
YoY Change 67.16%
Cash From Financing Activities -2.001M $3.570M
YoY Change -298.71% 185.37%
NET CHANGE
Cash From Operating Activities -1.281M $712.0K
Cash From Investing Activities -3.453M -$5.362M
Cash From Financing Activities -2.001M $3.570M
Net Change In Cash -6.735M -$1.293M
YoY Change -269.78% -42.86%
FREE CASH FLOW
Cash From Operating Activities -$1.281M $712.0K
Capital Expenditures $3.592M $5.460M
Free Cash Flow -$4.873M -$4.748M
YoY Change -500.08% -0.48%

Facts In Submission

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ProceedsFromRepaymentsOfShortTermDebt
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NetCashProvidedByUsedInFinancingActivities
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EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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NetIncomeLoss
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ProfitLoss
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DividendsPreferredStockPaidinkind
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SharesIssuedNetOfCashlessWarrantExercise
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CY2024Q1 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
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CY2024Q1 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
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CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2024Q1 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
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CY2024Q1 nnbr Adjustments Related To Tax Withholding And Forfeited For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingAndForfeitedForShareBasedCompensation
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CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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OtherComprehensiveIncomeLossNetOfTax
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CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 us-gaap Dividends Preferred Stock Paidinkind
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2023Q1 nnbr Adjustments Related To Tax Withholding And Forfeited For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingAndForfeitedForShareBasedCompensation
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CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2024Q1 us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
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CY2024Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
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CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
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CY2024Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
22332000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
23165000 usd
CY2023Q1 us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
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CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
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CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
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CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
121198000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
121198000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
300000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
400000 usd
CY2024Q1 us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
400000 usd
CY2024Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
25940000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
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CY2024Q1 us-gaap Inventory Net
InventoryNet
72718000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
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CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
58724000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3456000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
55268000 usd
CY2024Q1 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
5624000 usd
CY2023Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
5490000 usd
CY2024Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
158545000 usd
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
153279000 usd
CY2024Q1 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
500000 usd
CY2023Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
500000 usd
CY2024Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
500000 usd
CY2023Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
300000 usd
CY2024Q1 nnbr Proceeds From Derivative Instrument Operating Activities
ProceedsFromDerivativeInstrumentOperatingActivities
2500000 usd
CY2024Q1 nnbr Proceeds From Failed Sale Leaseback Of Land And Buildings
ProceedsFromFailedSaleLeasebackOfLandAndBuildings
16900000 usd
CY2024Q1 nnbr Proceeds From Failed Sale Leaseback Of Land And Buildings
ProceedsFromFailedSaleLeasebackOfLandAndBuildings
16900000 usd
CY2024Q1 nnbr Proceeds From Failed Sale Leaseback Of Equipment
ProceedsFromFailedSaleLeasebackOfEquipment
4900000 usd
CY2024Q1 nnbr Proceeds From Failed Sale Leaseback Of Equipment
ProceedsFromFailedSaleLeasebackOfEquipment
4900000 usd
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
2739000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
4056000 usd
CY2024Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
81000 usd
CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
84000 usd
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
559000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
689000 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
477000 usd
CY2024Q1 us-gaap Sublease Income
SubleaseIncome
900000 usd
CY2023Q1 us-gaap Sublease Income
SubleaseIncome
100000 usd
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.035
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.142
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-12537000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-10175000 usd
CY2024Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
3670000 usd
CY2023Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
3051000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-16207000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-16207000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13226000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2024Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
48488000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
43847000 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
3454000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
742000 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
2690000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
2204000 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47724000 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47724000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45309000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45309000 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.34
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.34
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2025000 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2016000 shares
CY2024Q1 nnbr Anti Dilutive Securities Excluded From Computation Of Earnings Per Share Minimum Price Range
AntiDilutiveSecuritiesExcludedFromComputationOfEarningsPerShareMinimumPriceRange
7.93
CY2024Q1 nnbr Anti Dilutive Securities Excluded From Computation Of Earnings Per Share Maximum Price Range One
AntiDilutiveSecuritiesExcludedFromComputationOfEarningsPerShareMaximumPriceRangeOne
25.16
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
846000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
381000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-37755000 usd
CY2024Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-2346000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
0 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-2346000 usd
CY2024Q1 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
0 usd
CY2024Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-449000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2795000 usd
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-40550000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-37120000 usd
CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
1840000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
97000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
1610000 usd
CY2023Q1 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
0 usd
CY2023Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-468000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
97000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1142000 usd
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-35978000 usd
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
16556000 usd
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
3780000 usd
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
-9386000 usd
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
10950000 usd
CY2024Q1 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P2Y10M24D
CY2024Q1 nnbr Proceeds From Derivative Instrument Operating Activities
ProceedsFromDerivativeInstrumentOperatingActivities
2500000 usd
CY2024Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
161200000 usd
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
162200000 usd
CY2024Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
158500000 usd
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
153300000 usd
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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