$PMTS
CPI Card Group Inc.

2021 Q4 Form 10-K Financial Statement

#000155837022003016 Filed on March 08, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $93.21M $375.1M $84.14M
YoY Change 10.77% 20.16% 15.86%
Cost Of Revenue $62.27M $233.7M $53.18M
YoY Change 17.11% 15.76% 4.91%
Gross Profit $30.93M $141.4M $30.96M
YoY Change -0.1% 28.21% 41.15%
Gross Profit Margin 33.19% 37.7% 36.8%
Selling, General & Admin $20.34M $75.70M $16.90M
YoY Change 20.36% 15.06% 0.66%
% of Gross Profit 65.75% 53.53% 54.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.489M $15.10M $4.391M
YoY Change -20.54% -10.28% -2.34%
% of Gross Profit 11.28% 10.68% 14.18%
Operating Expenses $21.73M $81.96M $18.53M
YoY Change 17.27% 13.97% 1.35%
Operating Profit $9.206M $59.46M $12.44M
YoY Change -25.98% 54.89% 240.09%
Interest Expense -$7.412M -$30.61M -$6.236M
YoY Change 18.86% 20.48% 2.92%
% of Operating Profit -80.51% -51.47% -50.14%
Other Income/Expense, Net -$9.000K $14.00K -$12.00K
YoY Change -25.0% -182.35% -58.62%
Pretax Income $1.785M $23.82M $6.189M
YoY Change -71.16% 84.88% -354.59%
Income Tax $1.112M $7.881M -$1.127M
% Of Pretax Income 62.3% 33.08% -18.21%
Net Earnings $673.0K $15.94M $7.285M
YoY Change -90.76% -1.17% -404.18%
Net Earnings / Revenue 0.72% 4.25% 8.66%
Basic Earnings Per Share $1.42
Diluted Earnings Per Share $57.08K $1.36 $648.8K
COMMON SHARES
Basic Shares Outstanding 11.26M 11.24M
Diluted Shares Outstanding 11.76M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.68M $20.68M $57.60M
YoY Change -64.09% -64.09% 208.33%
Cash & Equivalents $20.68M $20.68M $57.60M
Short-Term Investments
Other Short-Term Assets $5.522M $5.522M $5.032M
YoY Change 9.74% 9.74% -20.69%
Inventory $58.01M $58.01M $24.80M
Prepaid Expenses
Receivables $60.95M $60.95M $54.59M
Other Receivables $534.0K $534.0K $10.51M
Total Short-Term Assets $145.7M $145.7M $152.5M
YoY Change -4.48% -4.48% 65.41%
LONG-TERM ASSETS
Property, Plant & Equipment $47.25M $47.25M $39.40M
YoY Change 19.92% 19.92% -5.31%
Goodwill $47.15M $47.15M
YoY Change 0.0%
Intangibles $21.85M $26.21M
YoY Change -16.61%
Long-Term Investments
YoY Change
Other Assets $6.184M $6.184M $857.0K
YoY Change 621.59% 621.59% -30.44%
Total Long-Term Assets $122.4M $122.4M $113.6M
YoY Change 7.76% 7.76% -5.94%
TOTAL ASSETS
Total Short-Term Assets $145.7M $145.7M $152.5M
Total Long-Term Assets $122.4M $122.4M $113.6M
Total Assets $268.1M $268.1M $266.2M
YoY Change 0.75% 0.75% 24.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.44M $26.44M $18.88M
YoY Change 40.04% 40.04% 14.57%
Accrued Expenses $37.15M $34.89M $28.15M
YoY Change 31.98% 34.16% 24.97%
Deferred Revenue $1.182M $1.868M
YoY Change -36.72%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.257M $2.257M $8.027M
YoY Change -71.88% -77.8% 263.05%
Total Short-Term Liabilities $64.78M $64.78M $56.93M
YoY Change 13.79% 13.79% 36.56%
LONG-TERM LIABILITIES
Long-Term Debt $303.6M $306.3M $328.7M
YoY Change -7.62% -7.67% 5.46%
Other Long-Term Liabilities $15.51M $12.84M $11.17M
YoY Change 38.81% 58.12% 47.14%
Total Long-Term Liabilities $319.1M $319.1M $339.9M
YoY Change -6.1% -6.1% 6.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $64.78M $64.78M $56.93M
Total Long-Term Liabilities $319.1M $319.1M $339.9M
Total Liabilities $389.2M $389.2M $404.2M
YoY Change -3.72% -3.72% 10.04%
SHAREHOLDERS EQUITY
Retained Earnings -$10.25M -$26.19M
YoY Change -60.87%
Common Stock -$110.8M -$111.8M
YoY Change -0.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$121.0M -$121.0M -$138.0M
YoY Change
Total Liabilities & Shareholders Equity $268.1M $268.1M $266.2M
YoY Change 0.75% 0.75% 24.95%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $673.0K $15.94M $7.285M
YoY Change -90.76% -1.17% -404.18%
Depreciation, Depletion And Amortization $3.489M $15.10M $4.391M
YoY Change -20.54% -10.28% -2.34%
Cash From Operating Activities $5.714M $20.23M $11.84M
YoY Change -51.72% -8.11% 102.12%
INVESTING ACTIVITIES
Capital Expenditures -$5.247M $10.07M -$3.773M
YoY Change 39.07% 42.03% 330.22%
Acquisitions
YoY Change
Other Investing Activities $0.00 $156.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$5.247M -$9.918M -$3.773M
YoY Change 39.07% 39.83% 418.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -642.0K -47.23M -834.0K
YoY Change -23.02% -296.99% 11.05%
NET CHANGE
Cash From Operating Activities 5.714M 20.23M 11.84M
Cash From Investing Activities -5.247M -9.918M -3.773M
Cash From Financing Activities -642.0K -47.23M -834.0K
Net Change In Cash -175.0K -36.92M 7.229M
YoY Change -102.42% -194.86% 65.12%
FREE CASH FLOW
Cash From Operating Activities $5.714M $20.23M $11.84M
Capital Expenditures -$5.247M $10.07M -$3.773M
Free Cash Flow $10.96M $10.16M $15.61M
YoY Change -29.78% -31.94% 131.83%

Facts In Submission

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">1. Business</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">CPI Card Group Inc. (which, together with its subsidiary companies, is referred to herein as “CPI” or the “Company”) is a <span style="white-space:pre-wrap;">payment technology company and leading provider of comprehensive Financial Payment Card solutions in the United States. CPI is</span> engaged in the design, production, data personalization, packaging and fulfillment of Financial Payment Cards, which the Company defines as credit, <span style="white-space:pre-wrap;">debit and Prepaid Debit Cards issued on the networks of the Payment Card Brands (Visa, Mastercard, American Express and Discover in the United States and Interac, in Canada). CPI also </span><span style="white-space:pre-wrap;">offers an instant card issuance solution, which provides card issuing bank customers the ability to issue a personalized debit or credit card within the bank branch to individual cardholders. </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><span style="white-space:pre-wrap;">CPI serves its customers through a network of high-security production and card services facilities in the United States, each of which is audited for compliance with the standards of the PCI Security Standards Council by one or more of the Payment Card Brands. CPI’s leading network of high-security production facilities allows the Company to optimize its solutions offerings and to serve its customers. </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">The Company’s business consists of the following reportable segments: Debit and Credit, Prepaid Debit and Other.<span style="white-space:pre-wrap;"> The Debit and Credit segment primarily produces Financial Payment Cards and provides integrated card services to card-issuing banks primarily in the United States. The Prepaid Debit segment primarily provides integrated card services to Prepaid Debit Card program managers primarily in the United States. The Company’s “Other” segment includes corporate expenses.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:36pt;margin:0pt;"><span style="margin-bottom:5pt;margin-top:5pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">COVID-19 Update </b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="background:#ffffff;">The COVID-19 pandemic has impacted economies and societies globally.  The long-term implications of COVID-19 on the Company’s results of operations and overall financial performance remain uncertain. The </span><span style="white-space:pre-wrap;background:#ffffff;">health and safety of CPI employees remain paramount, and the Company continues to follow response protocols based on precautions and other appropriate measures recommended by the Centers for Disease Control and Prevention, as well as various state and local executive orders, health orders and guidelines.  All of CPI’s operations have remained open and continue to provide direct and essential support to the financial services industry. </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;background:#ffffff;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="background:#ffffff;">The Company believes the global impacts from COVID-19 have contributed to certain adverse effects on its supply chain, including increased lead times for, and higher costs of, certain raw materials and components, </span>such as microprocessing chips, <span style="background:#ffffff;">which are expected to continue in the future. </span><span style="white-space:pre-wrap;background:#ffffff;"> CPI closely monitors its supply chain and has purchased and may continue to purchase additional inventory to help mitigate supply chain constraints. The current environment has also affected the available labor pool in the areas in which the Company operates, which has resulted in increased labor cost and turnover in our facilities, challenges hiring production employees and shipping delays. On November 4, 2021, the Occupational Safety and Health Administration (“OSHA”) issued an Emergency Temporary Standard (“ETS”) mandating certain employers to require either full vaccination against COVID-19 or weekly testing of employees. The United States Supreme Court upheld a stay on enforcement of the ETS mandate, and on January 25, 2022, OSHA announced that it would withdraw the ETS to focus on finalizing a permanent COVID-19 Healthcare Standard. At this time, it is not possible to predict the impact a permanent COVID-19 Healthcare Standard, or any corresponding mandates from federal, state or local governmental entities, would have on us or on our workforce. Federal, state or local mandates could result in increased costs as well as labor disruptions, employee attrition and/or difficulty recruiting new employees which could compound the labor shortage already impacting the Company. </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;background:#ffffff;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="background:#ffffff;">The Company believes the labor and supply chain challenges described above, and the associated costs, may continue to increase throughout 2022 and possibly beyond. The Company may not be able to pass all of these costs through to its customers.  The Company is experiencing increased production lead times, which it believes is likely to continue throughout 2022 and possibly beyond, depending on the duration of the staffing and supply chain challenges and the level of demand from its customers.  The Company will continue to monitor and respond as the situation evolves. </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was signed into law. The CARES Act, among other things, included provisions relating to refundable payroll tax credits, deferment of employer social security payments, changes in net operating loss carryback periods, alternative minimum tax credit refunds, modifications to the net interest deduction limitation and technical corrections to tax depreciation methods for qualified improvement property. Refer to Note 12, “Income Taxes”<sup style="font-size:7.5pt;line-height:100%;top:0pt;vertical-align:top;"> </sup><span style="white-space:pre-wrap;">for a discussion of the CARES Act income tax impacts on the Company. In addition, we deferred employer social security payments in 2020 in accordance with the CARES Act, and the first installment repayment was made in the fourth quarter of 2021. The second installment payment is permitted to be paid no later than the fourth quarter of 2022. Refer to Note 9 “Accrued Liabilities” for additional discussion.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p>
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Use of Estimates</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). These accounting principles require management to make assumptions and estimates relating to the reporting of assets and liabilities in its preparation of the consolidated financial statements. Significant items subject to such estimates and assumptions include the carrying amount of property and equipment, goodwill and intangible assets, leases, liability for sales tax, valuation allowances for inventories and deferred taxes, revenue recognized for work performed but not completed, and uncertain tax positions. Actual results could differ from those estimates.</p>
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:14pt 0pt 0pt 0pt;"><b style="font-weight:bold;">Adjustment of Prior Period Financial Statements for Immaterial Items</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:14pt 0pt 0pt 0pt;">In accordance with Securities and Exchange Commission Staff Accounting Bulletin 99, Materiality, codified in Accounting Standards Codification (“ASC”) 250, Presentation of Financial Statements, during the year ended December 31, 2020, the Company corrected two immaterial items relating to estimated sales tax expense and depreciation expense that related to prior periods. The consolidated financial statements for the year ended December 31, 2020 reflect the corrected balances which included sales tax expense in Selling, General and Administrative expenses (“SG&amp;A”) of $293 and depreciation expense of $124<span style="white-space:pre-wrap;"> for the year ended December 31, 2020. Refer to Note 15 “Commitments and Contingencies” for additional discussion of the estimated sales tax liability recorded in “Accrued expenses” on the consolidated balance sheet. </span></p>
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2021Q4 us-gaap Operating Lease Liability
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CY2021Q4 us-gaap Finance Lease Liability
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CY2021 us-gaap Deferred Federal State And Local Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 pmts Effective Income Tax Rate Reconciliation Unrecognized Tax Benefits
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CY2020 pmts Effective Income Tax Rate Reconciliation Unrecognized Tax Benefits
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CY2021 pmts Effective Income Tax Rate Reconciliation Tax Credit
EffectiveIncomeTaxRateReconciliationTaxCredit
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CY2020 pmts Effective Income Tax Rate Reconciliation Tax Credit
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.040
CY2020 pmts Effective Income Tax Rate Reconciliation Coronavirus Aid Relief And Economic Security Cares Act Percent
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-0.209
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
2519000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
305000
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
524000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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894000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
935000
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
645000
CY2021Q4 pmts Deferred Tax Assets Interest Limitation
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3693000
CY2020Q4 pmts Deferred Tax Assets Interest Limitation
DeferredTaxAssetsInterestLimitation
1418000
CY2021Q4 pmts Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
3222000
CY2020Q4 pmts Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
1899000
CY2021Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
2076000
CY2020Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
2030000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
2867000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
2858000
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DeferredTaxAssetsGross
16721000
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
12828000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2832000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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13889000
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
10213000
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
5773000
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
4939000
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
8284000
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
8689000
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
3098000
CY2020Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
1758000
CY2021Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
1987000
CY2020Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
2236000
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
19142000
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
17622000
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
5253000
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
7409000
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
217000000
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.074
CY2021 pmts Operating Loss Carryforwards Period
OperatingLossCarryforwardsPeriod
P5Y
CY2020 pmts Cares Act Tax Rate Benefit Percent
CaresActTaxRateBenefitPercent
0.209
CY2020 pmts Effective Tax Rate Valuation Allowance Deferred Tax Asset Change In Amount
EffectiveTaxRateValuationAllowanceDeferredTaxAssetChangeInAmount
0.411
CY2021 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
9846000
CY2021Q4 us-gaap Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Foreign Subsidiaries
DeferredTaxLiabilityNotRecognizedAmountOfUnrecognizedDeferredTaxLiabilityUndistributedEarningsOfForeignSubsidiaries
0
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3312000
CY2021 pmts Unrecognized Tax Benefits Other Increase Decrease
UnrecognizedTaxBenefitsOtherIncreaseDecrease
-201000
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
64000
CY2022Q1 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
37000
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
788000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2350000
CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
289000
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
255000
CY2021Q4 pmts Unrecognized Tax Benefits Recognized In Next Twelve Months
UnrecognizedTaxBenefitsRecognizedInNextTwelveMonths
301000
CY2021Q4 pmts Unrecognized Tax Benefits Decrease Resulting From Asset Basis Tax Position And Research And Development Credits Recognized In Next Twelve Months
UnrecognizedTaxBenefitsDecreaseResultingFromAssetBasisTaxPositionAndResearchAndDevelopmentCreditsRecognizedInNextTwelveMonths
1009000
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
121993
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
137787
CY2021 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
15941000
CY2020 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
16190000
CY2020 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-61000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
15941000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
16129000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11239049
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11228707
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
524914
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3297
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11763963
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11232004
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.42
CY2020 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.44
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.42
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.44
CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.36
CY2020 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.44
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.36
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.44
CY2021 us-gaap Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage
DefinedContributionPlanEmployersMatchingContributionAnnualVestingPercentage
1
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1604000
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1473000
CY2021Q4 pmts Capital Expenditures
CapitalExpenditures
10074000
CY2020Q4 pmts Capital Expenditures
CapitalExpenditures
7093000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
375119000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
312189000
CY2021 pmts Income Loss From Continuing Operations Before Interest Expense Income Taxes Depreciation And Amortization
IncomeLossFromContinuingOperationsBeforeInterestExpenseIncomeTaxesDepreciationAndAmortization
69528000
CY2020 pmts Income Loss From Continuing Operations Before Interest Expense Income Taxes Depreciation And Amortization
IncomeLossFromContinuingOperationsBeforeInterestExpenseIncomeTaxesDepreciationAndAmortization
55109000
CY2021 pmts Income Loss From Continuing Operations Before Interest Expense Income Taxes Depreciation And Amortization
IncomeLossFromContinuingOperationsBeforeInterestExpenseIncomeTaxesDepreciationAndAmortization
69528000
CY2020 pmts Income Loss From Continuing Operations Before Interest Expense Income Taxes Depreciation And Amortization
IncomeLossFromContinuingOperationsBeforeInterestExpenseIncomeTaxesDepreciationAndAmortization
55109000
CY2021 pmts Nonoperating Interest Income Expense Net
NonoperatingInterestIncomeExpenseNet
-30608000
CY2020 pmts Nonoperating Interest Income Expense Net
NonoperatingInterestIncomeExpenseNet
-25397000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7881000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3305000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
15098000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16827000
CY2020 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-61000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
15941000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
16129000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
375119000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
312189000

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