2021 Q3 Form 10-Q Financial Statement

#000008042021000041 Filed on August 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q2
Revenue $129.5M $115.8M $118.1M
YoY Change 12.85% -1.9% -12.93%
Cost Of Revenue $107.0M $98.65M $96.72M
YoY Change 15.04% 1.99% -13.55%
Gross Profit $22.47M $17.17M $21.34M
YoY Change 3.46% -19.57% -10.0%
Gross Profit Margin 17.36% 14.82% 18.08%
Selling, General & Admin $16.96M $16.71M $15.51M
YoY Change 4.04% 7.73% -9.38%
% of Gross Profit 75.46% 97.34% 72.67%
Research & Development $1.624M $1.772M $1.605M
YoY Change 16.0% 10.4% -1.59%
% of Gross Profit 7.23% 10.32% 7.52%
Depreciation & Amortization $2.436M $2.599M $2.700M
YoY Change -6.31% -3.74% -6.9%
% of Gross Profit 10.84% 15.14% 12.65%
Operating Expenses $18.61M $18.48M $17.12M
YoY Change 5.12% 7.98% -8.7%
Operating Profit $3.865M -$1.359M $2.784M
YoY Change -3.86% -148.81% -50.64%
Interest Expense -$5.000K $51.00K $52.00K
YoY Change -1.92% -11.86%
% of Operating Profit -0.13% 1.87%
Other Income/Expense, Net
YoY Change
Pretax Income $3.859M -$1.338M $2.922M
YoY Change -14.24% -145.79% -50.36%
Income Tax $599.0K $703.0K -$559.0K
% Of Pretax Income 15.52% -19.13%
Net Earnings $3.261M -$2.041M $3.481M
YoY Change 9.32% -158.63% -31.6%
Net Earnings / Revenue 2.52% -1.76% 2.95%
Basic Earnings Per Share $0.28 -$0.17 $0.30
Diluted Earnings Per Share $0.28 -$0.17 $0.30
COMMON SHARES
Basic Shares Outstanding 11.69M shares 11.72M shares 11.63M shares
Diluted Shares Outstanding 11.72M shares 11.70M shares

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $134.0M $128.8M $163.4M
YoY Change -25.11% -21.15% 109.49%
Cash & Equivalents $114.3M $108.7M $156.0M
Short-Term Investments $19.67M $20.17M $7.300M
Other Short-Term Assets $1.599M $1.739M $1.883M
YoY Change -17.92% -7.65% -21.48%
Inventory $29.84M $28.40M $31.66M
Prepaid Expenses $4.382M $3.190M $4.009M
Receivables $78.30M $72.37M $97.14M
Other Receivables $161.0K $172.0K $300.0K
Total Short-Term Assets $302.5M $285.5M $350.2M
YoY Change -9.89% -18.45% 21.89%
LONG-TERM ASSETS
Property, Plant & Equipment $109.5M $112.5M $114.8M
YoY Change -4.3% -2.04% -5.81%
Goodwill $1.000M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.18M $14.95M $12.00M
YoY Change 24.15% 24.63% 7.98%
Total Long-Term Assets $133.7M $136.4M $137.0M
YoY Change -2.11% -0.45% -8.54%
TOTAL ASSETS
Total Short-Term Assets $302.5M $285.5M $350.2M
Total Long-Term Assets $133.7M $136.4M $137.0M
Total Assets $436.2M $422.0M $487.2M
YoY Change -7.64% -13.39% 11.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $45.25M $33.42M $38.51M
YoY Change 29.17% -13.23% 0.08%
Accrued Expenses $24.34M $20.45M $23.90M
YoY Change -9.51% -14.43% 23.83%
Deferred Revenue $42.43M $43.14M $97.97M
YoY Change -46.59% -55.97% 60.95%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $400.0K $400.0K $400.0K
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $121.2M $105.3M $170.5M
YoY Change -20.79% -38.23% 31.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $400.0K
YoY Change -100.0% -100.0% -50.0%
Other Long-Term Liabilities $2.787M $2.363M $2.334M
YoY Change 28.97% 1.24% -46.33%
Total Long-Term Liabilities $2.787M $2.363M $2.734M
YoY Change 8.82% -13.57% -46.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $121.2M $105.3M $170.5M
Total Long-Term Liabilities $2.787M $2.363M $2.734M
Total Liabilities $135.0M $119.0M $183.6M
YoY Change -18.52% -35.18% 29.82%
SHAREHOLDERS EQUITY
Retained Earnings $282.5M $282.3M $294.1M
YoY Change -3.92% -4.0% 2.85%
Common Stock $63.95M $63.50M $60.93M
YoY Change 3.15% 4.22% 5.34%
Preferred Stock
YoY Change
Treasury Stock (at cost) $25.00M $25.00M $25.00M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 806.0K shares 806.0K shares 806.0K shares
Shareholders Equity $301.2M $302.9M $303.6M
YoY Change
Total Liabilities & Shareholders Equity $436.2M $422.0M $487.2M
YoY Change -7.64% -13.39% 11.46%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $3.261M -$2.041M $3.481M
YoY Change 9.32% -158.63% -31.6%
Depreciation, Depletion And Amortization $2.436M $2.599M $2.700M
YoY Change -6.31% -3.74% -6.9%
Cash From Operating Activities $9.232M -$21.59M $46.00M
YoY Change -51.41% -146.94% 482.28%
INVESTING ACTIVITIES
Capital Expenditures -$451.0K -$840.0K -$800.0K
YoY Change -43.62% 5.0% -33.33%
Acquisitions
YoY Change
Other Investing Activities $0.00 $27.00K -$7.300M
YoY Change -100.0% -100.37%
Cash From Investing Activities -$451.0K -$813.0K -$8.200M
YoY Change -96.24% -90.09% 530.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.040M -3.034M -3.100M
YoY Change 1.33% -2.13% 3.33%
NET CHANGE
Cash From Operating Activities 9.232M -21.59M 46.00M
Cash From Investing Activities -451.0K -813.0K -8.200M
Cash From Financing Activities -3.040M -3.034M -3.100M
Net Change In Cash 5.741M -25.44M 34.70M
YoY Change 43.53% -173.31% 863.89%
FREE CASH FLOW
Cash From Operating Activities $9.232M -$21.59M $46.00M
Capital Expenditures -$451.0K -$840.0K -$800.0K
Free Cash Flow $9.683M -$20.75M $46.80M
YoY Change -51.1% -144.34% 414.29%

Facts In Submission

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CommonStockDividendsPerShareDeclared
0.78
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-2041000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
3481000 USD
us-gaap Net Income Loss
NetIncomeLoss
-2629000 USD
us-gaap Net Income Loss
NetIncomeLoss
13677000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1301000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2543000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
6544000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1986000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-740000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6024000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3915000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11691000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
306626000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
-364000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
4349000 USD
CY2020Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
894000 USD
CY2020Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
632000 USD
CY2020Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3028000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
307845000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-225000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
894000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
853000 USD
CY2021Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3035000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
306332000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-2041000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1301000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
388000 USD
CY2021Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3039000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
302941000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
299153000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
2775000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2387000 USD
CY2019Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
982000 USD
CY2019Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
611000 USD
CY2019Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3013000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
301673000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
7421000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-6916000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
968000 USD
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3015000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
300131000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
3481000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2543000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
441000 USD
CY2020Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
6000 USD
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3019000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
303571000 USD
us-gaap Net Income Loss
NetIncomeLoss
-2629000 USD
us-gaap Net Income Loss
NetIncomeLoss
13677000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7899000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7878000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2135000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2391000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
194000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
187000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-586000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1640000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1195000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-14268000 USD
powl Increase Decrease In Contract With Customer Asset And Liability Net
IncreaseDecreaseInContractWithCustomerAssetAndLiabilityNet
35673000 USD
powl Increase Decrease In Contract With Customer Asset And Liability Net
IncreaseDecreaseInContractWithCustomerAssetAndLiabilityNet
-30150000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-991000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2534000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1502000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-628000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1490000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1071000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2202000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-11264000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-7129000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2305000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
1486000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
1131000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-39693000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
53400000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
19868000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
7330000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
19821000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
6146000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2440000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4274000 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
474000 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2013000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5458000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
400000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
400000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
632000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
617000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
9102000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
9047000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10134000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10064000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-51840000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
37878000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
299000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-491000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
160216000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
118639000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108675000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
156026000 USD
us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying footnotes. The most significant estimates used in our condensed consolidated financial statements affect revenue recognition and estimated cost recognition on our customer contracts, the allowance for credit losses, provision for excess and obsolete inventory, warranty accruals and income taxes. The amounts recorded for warranties, legal, income taxes, impairment of long-lived assets (when applicable), liquidated damages and other contingent liabilities require judgments regarding the amount of expenses that will ultimately be incurred. We base our estimates on historical experience, forecasts and various other assumptions, as well as the specific circumstances surrounding these contingent liabilities, in evaluating the amount of liability that should be recorded. Additionally, the recognition of deferred tax assets requires estimates related to future income and other assumptions regarding timing and future profitability because the ultimate realization of net deferred tax assets is dependent on the generation of future taxable income during the periods in which temporary differences become deductible. Estimates routinely change as new events occur, additional information becomes available or operating environments change. Actual results may differ from our prior estimates.
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11720000 shares
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-2041000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
3481000 USD
us-gaap Net Income Loss
NetIncomeLoss
-2629000 USD
us-gaap Net Income Loss
NetIncomeLoss
13677000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11720000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11631000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11622000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
67000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
64000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11698000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11686000 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.18
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.17
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
382000 USD
powl Allowance For Doubtful Accounts Receivable Write Offs Recoveries
AllowanceForDoubtfulAccountsReceivableWriteOffsRecoveries
178000 USD
powl Allowance For Doubtful Accounts Receivable Write Offs Recoveries
AllowanceForDoubtfulAccountsReceivableWriteOffsRecoveries
57000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
300000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
510000 USD
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
301000 USD
CY2021Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
326000 USD
CY2020Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
136000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
194000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
187000 USD
CY2021Q2 powl Allowance For Doubtful Accounts Receivable Write Offs Recoveries
AllowanceForDoubtfulAccountsReceivableWriteOffsRecoveries
168000 USD
CY2020Q2 powl Allowance For Doubtful Accounts Receivable Write Offs Recoveries
AllowanceForDoubtfulAccountsReceivableWriteOffsRecoveries
2000 USD
CY2021Q2 powl Increase Decrease Due To Foreign Currency Translation
IncreaseDecreaseDueToForeignCurrencyTranslation
5000 USD
CY2020Q2 powl Increase Decrease Due To Foreign Currency Translation
IncreaseDecreaseDueToForeignCurrencyTranslation
0 USD
powl Increase Decrease Due To Foreign Currency Translation
IncreaseDecreaseDueToForeignCurrencyTranslation
19000 USD
powl Increase Decrease Due To Foreign Currency Translation
IncreaseDecreaseDueToForeignCurrencyTranslation
3000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
545000 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
434000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
545000 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
434000 USD
CY2021Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
27325000 USD
CY2020Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
27429000 USD
CY2021Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
1072000 USD
CY2020Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
1539000 USD
CY2021Q2 us-gaap Inventory Net
InventoryNet
28397000 USD
CY2020Q3 us-gaap Inventory Net
InventoryNet
28968000 USD
CY2021Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2467000 USD
CY2020Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3276000 USD
CY2020Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2771000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1970000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1826000 USD
CY2021Q2 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-7000 USD
CY2019Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2946000 USD
CY2021Q2 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
515000 USD
CY2020Q2 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
276000 USD
us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
1568000 USD
us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
1904000 USD
CY2021Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
557000 USD
CY2020Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
555000 USD
CY2020Q2 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-14000 USD
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-63000 USD
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
13000 USD
CY2021Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2432000 USD
CY2020Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3011000 USD
CY2021Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2432000 USD
CY2020Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3011000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
425500000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
292800000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
11400000 USD
us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
10800000 USD
CY2021Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
50827000 USD
CY2020Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
50995000 USD
CY2021Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
43140000 USD
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
79445000 USD
CY2021Q2 powl Contract With Customer Asset Liability Net Current
ContractWithCustomerAssetLiabilityNetCurrent
7687000 USD
CY2020Q3 powl Contract With Customer Asset Liability Net Current
ContractWithCustomerAssetLiabilityNetCurrent
-28450000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
63500000 USD
CY2021Q2 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
9300000 USD
CY2020Q3 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
6900000 USD
CY2021Q2 us-gaap Contract With Customer Receivable After Allowance For Credit Loss Current
ContractWithCustomerReceivableAfterAllowanceForCreditLossCurrent
7300000 USD
CY2021Q2 us-gaap Contract With Customer Receivable After Allowance For Credit Loss Noncurrent
ContractWithCustomerReceivableAfterAllowanceForCreditLossNoncurrent
2000000.0 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
115813000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
118062000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
341105000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
403781000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
115813000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
118062000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
341105000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
403781000 USD
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
400000 USD
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
800000 USD
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
400000 USD
CY2020Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
400000 USD
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
0 USD
CY2020Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
400000 USD
CY2021Q2 powl Commitments And Contingencies Additional Bonding Capacity
CommitmentsAndContingenciesAdditionalBondingCapacity
458800000 USD
powl Cash Collateral Required For Guarantees Period
CashCollateralRequiredForGuaranteesPeriod
P2Y
CY2021Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
108675000 USD
CY2021Q2 powl Shortterm Investments Fair Value Disclosure
ShorttermInvestmentsFairValueDisclosure
20165000 USD
CY2021Q2 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
9191000 USD
CY2021Q2 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
8693000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
160216000 USD
CY2020Q3 powl Shortterm Investments Fair Value Disclosure
ShorttermInvestmentsFairValueDisclosure
18705000 USD
CY2020Q3 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
7351000 USD
CY2020Q3 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
6569000 USD
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
598000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
571000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
571000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
1835000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
1779000 USD
CY2021Q2 us-gaap Sublease Income
SubleaseIncome
175000 USD
CY2020Q2 us-gaap Sublease Income
SubleaseIncome
156000 USD
us-gaap Sublease Income
SubleaseIncome
532000 USD
us-gaap Sublease Income
SubleaseIncome
393000 USD
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
117000 USD
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
86000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
334000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
265000 USD
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
365000 USD
CY2020Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
148000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
853000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
496000 USD
CY2021Q2 us-gaap Lease Cost
LeaseCost
905000 USD
CY2020Q2 us-gaap Lease Cost
LeaseCost
649000 USD
us-gaap Lease Cost
LeaseCost
2490000 USD
us-gaap Lease Cost
LeaseCost
2147000 USD
CY2021Q2 powl Operating Lease Right Of Use Asset Lease Accrual
OperatingLeaseRightOfUseAssetLeaseAccrual
500000 USD
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3732000 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5217000 USD
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1640000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2352000 USD
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2554000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3434000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
4194000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
5786000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
469000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
469000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2411000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2411000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1380000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1380000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
101000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
101000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
0 USD
CY2021Q2 powl Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
0 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4361000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
167000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
4194000 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y10M24D
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1338000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2922000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2767000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
15810000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
703000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-559000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-138000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2133000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-2041000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
3481000 USD
us-gaap Net Income Loss
NetIncomeLoss
-2629000 USD
us-gaap Net Income Loss
NetIncomeLoss
13677000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.53
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.19
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.05
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.13
CY2020Q2 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1700000 USD
CY2020Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
500000 USD

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