2021 Q4 Form 10-Q Financial Statement

#000143774921026462 Filed on November 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q3 2020 Q2
Revenue $100.4M $93.94M $87.13M
YoY Change -5.21% 20.42% 21.45%
Cost Of Revenue $76.00M $73.22M $65.39M
YoY Change -4.53% 35.19% 14.58%
Gross Profit $17.13M $20.72M $21.74M
YoY Change -34.98% -13.12% 48.15%
Gross Profit Margin 17.06% 22.06% 24.95%
Selling, General & Admin $6.541M $6.212M $6.360M
YoY Change -28.12% -6.01% 5.32%
% of Gross Profit 38.18% 29.98% 29.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $763.0K $738.0K $746.0K
YoY Change 0.39% -19.43% -21.56%
% of Gross Profit 4.45% 3.56% 3.43%
Operating Expenses $6.541M $6.212M $6.360M
YoY Change -28.9% -6.01% 5.32%
Operating Profit $4.635M $14.45M $15.33M
YoY Change -72.96% -16.16% 77.48%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $645.0K $812.0K $953.0K
YoY Change -19.38% -41.92% -41.82%
Pretax Income $5.280M $15.26M $16.28M
YoY Change -70.5% -18.09% 58.46%
Income Tax $1.151M $3.126M $3.625M
% Of Pretax Income 21.8% 20.48% 22.26%
Net Earnings $3.240M $12.14M $12.66M
YoY Change -76.76% -25.94% 55.19%
Net Earnings / Revenue 3.23% 12.92% 14.53%
Basic Earnings Per Share $0.58
Diluted Earnings Per Share $584.7K $1.729M $1.814M
COMMON SHARES
Basic Shares Outstanding 7.040M 7.021M 7.019M
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $124.3M $123.5M $130.7M
YoY Change -19.79% -14.21% -15.65%
Cash & Equivalents $109.8M $44.43M $32.36M
Short-Term Investments $33.31M $79.10M $98.40M
Other Short-Term Assets $4.490M $9.099M $11.18M
YoY Change -55.98% 65.89% 78.36%
Inventory $143.9M $136.1M $132.3M
Prepaid Expenses
Receivables $53.38M $63.16M $52.38M
Other Receivables $2.486M $2.800M $2.800M
Total Short-Term Assets $348.1M $334.8M $329.5M
YoY Change -2.57% 2.27% 3.05%
LONG-TERM ASSETS
Property, Plant & Equipment $36.72M $36.70M $36.63M
YoY Change -1.05% -7.64% -9.49%
Goodwill $15.32M $15.32M $15.32M
YoY Change 0.0% -3.2% 33.37%
Intangibles $2.624M $2.892M $2.945M
YoY Change -7.54% -3.21% 194.5%
Long-Term Investments
YoY Change
Other Assets $2.878M $9.035M $10.15M
YoY Change -58.33% 37.75% 914.9%
Total Long-Term Assets $72.35M $75.92M $76.81M
YoY Change -4.72% -1.33% 18.55%
TOTAL ASSETS
Total Short-Term Assets $348.1M $334.8M $329.5M
Total Long-Term Assets $72.35M $75.92M $76.81M
Total Assets $420.4M $410.7M $406.3M
YoY Change -2.95% 1.58% 5.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.76M $28.89M $32.36M
YoY Change -2.14% 23.47% 61.78%
Accrued Expenses $16.69M $14.95M $13.38M
YoY Change 2.6% 2.39% 2.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $53.16M $46.64M $55.17M
YoY Change -3.51% 2.96% 31.04%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $7.441M $1.166M $535.0K
YoY Change 691.6% -62.39% -83.28%
Total Long-Term Liabilities $7.441M $1.166M $535.0K
YoY Change 691.6% -62.39% -83.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.16M $46.64M $55.17M
Total Long-Term Liabilities $7.441M $1.166M $535.0K
Total Liabilities $62.78M $50.63M $58.63M
YoY Change 6.72% 4.61% 29.13%
SHAREHOLDERS EQUITY
Retained Earnings $349.2M $353.7M $341.5M
YoY Change -5.01% 2.04%
Common Stock $21.18M $19.57M $19.36M
YoY Change 6.56%
Preferred Stock
YoY Change
Treasury Stock (at cost) $12.78M $13.44M $13.51M
YoY Change -4.0% -3.94%
Treasury Stock Shares $398.2K
Shareholders Equity $357.6M $360.0M $347.7M
YoY Change
Total Liabilities & Shareholders Equity $420.4M $410.7M $406.3M
YoY Change -2.95% 1.58% 5.66%

Cashflow Statement

Concept 2021 Q4 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $3.240M $12.14M $12.66M
YoY Change -76.76% -25.94% 55.19%
Depreciation, Depletion And Amortization $763.0K $738.0K $746.0K
YoY Change 0.39% -19.43% -21.56%
Cash From Operating Activities $8.466M -$6.370M $4.050M
YoY Change -74.12% -44.27% -206.3%
INVESTING ACTIVITIES
Capital Expenditures -$513.0K -$770.0K -$370.0K
YoY Change -54.2% 1.32% -65.09%
Acquisitions
YoY Change
Other Investing Activities $10.01M $19.20M -$14.35M
YoY Change -0.21% 135.87% -318.42%
Cash From Investing Activities $9.496M $18.44M -$14.72M
YoY Change 6.7% 149.53% -367.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.000K 0.000 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 8.466M -6.370M 4.050M
Cash From Investing Activities 9.496M 18.44M -14.72M
Cash From Financing Activities -1.000K 0.000 0.000
Net Change In Cash 17.96M 12.07M -10.67M
YoY Change -56.83% -383.33% -727.65%
FREE CASH FLOW
Cash From Operating Activities $8.466M -$6.370M $4.050M
Capital Expenditures -$513.0K -$770.0K -$370.0K
Free Cash Flow $8.979M -$5.600M $4.420M
YoY Change -73.46% -47.52% -260.73%

Facts In Submission

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4129000 USD
CY2021Q4 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-22000 USD
CY2021Q4 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
274000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
354071000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
367957000 USD
us-gaap Net Income Loss
NetIncomeLoss
33017000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-2565000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-2011000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
14569000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8264000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
4000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
42105000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
35537000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
41859000 USD
us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
386000 USD
us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
0 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
500000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2469000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1498000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
33950000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1744000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
44083000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
42172000 USD
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
571000 USD
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
528000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-30000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-27000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-43542000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-41671000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
4977000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-35151000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
86036000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
79579000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
94000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
42172000 USD
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
1151000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
360047000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
374348000 USD
us-gaap Net Income Loss
NetIncomeLoss
22414000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-105000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
44083000 USD
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
1497000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
354071000 USD
CY2021Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
763000 USD
CY2021Q4 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
513000 USD
CY2020Q3 us-gaap Revenues
Revenues
93937000 USD
CY2020Q3 us-gaap Gross Profit
GrossProfit
20718000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
14452000 USD
CY2020Q3 us-gaap Assets
Assets
410678000 USD
CY2021Q4 us-gaap Revenues
Revenues
87225000 USD
CY2021Q4 us-gaap Gross Profit
GrossProfit
11230000 USD
CY2021Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
4635000 USD
CY2021Q4 us-gaap Assets
Assets
425909000 USD
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
738000 USD
CY2020Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
764000 USD
us-gaap Revenues
Revenues
255370000 USD
us-gaap Gross Profit
GrossProfit
47266000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
26908000 USD
CY2021Q4 us-gaap Assets
Assets
425909000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2228000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2469000 USD
us-gaap Revenues
Revenues
246705000 USD
us-gaap Gross Profit
GrossProfit
58578000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
39044000 USD
CY2020Q3 us-gaap Assets
Assets
410678000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2238000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1498000 USD
CY2020Q3 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
23224000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
35537000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
41859000 USD
CY2021Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-28000 USD
CY2020Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-81000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-134000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
119000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
6403000 USD
CY2021Q4 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
9127000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
33252000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
33313000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
61000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
68785000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
68981000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
196000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
1485000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue
4175000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Rolling After Year Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue
21250000 USD
CY2021Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
254000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
183000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
688000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
544000 USD
CY2021Q4 npk Shortterm And Variable Lease Cost
ShorttermAndVariableLeaseCost
46000 USD
CY2020Q3 npk Shortterm And Variable Lease Cost
ShorttermAndVariableLeaseCost
131000 USD
npk Shortterm And Variable Lease Cost
ShorttermAndVariableLeaseCost
206000 USD
npk Shortterm And Variable Lease Cost
ShorttermAndVariableLeaseCost
337000 USD
CY2021Q4 us-gaap Lease Cost
LeaseCost
300000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
314000 USD
us-gaap Lease Cost
LeaseCost
894000 USD
us-gaap Lease Cost
LeaseCost
881000 USD
CY2021Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
300000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
894000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P22Y8M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.046 pure
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
196000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
805000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
679000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
629000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
621000 USD
CY2021Q4 npk Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
14631000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
17561000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7284000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
10277000 USD
CY2021Q4 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
464000 USD
CY2020Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
463000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
1392000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
1389000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
464000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
1843000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
1837000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
1837000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
1837000 USD
CY2021Q4 npk Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
14696000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
22514000 USD

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