2023 Q2 Form 10-K Financial Statement

#000113709123000004 Filed on April 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q4 2022
Revenue $121.9M $137.0M $481.3M
YoY Change 1.15% 7.9% 5.5%
Cost Of Revenue $94.91M $107.6M $392.8M
YoY Change -7.09% -8.29% -5.35%
Gross Profit $26.95M $29.42M $88.56M
YoY Change 47.12% 204.38% 114.59%
Gross Profit Margin 22.12% 21.47% 18.4%
Selling, General & Admin $10.55M $10.02M $42.94M
YoY Change 5.55% 0.06% -25.8%
% of Gross Profit 39.14% 34.06% 48.49%
Research & Development $4.662M $4.966M $18.90M
YoY Change 2.37% 6.5% -15.77%
% of Gross Profit 17.3% 16.88% 21.34%
Depreciation & Amortization $1.402M $1.560M $6.690M
YoY Change -18.39% -16.04% 37.34%
% of Gross Profit 5.2% 5.3% 7.55%
Operating Expenses $15.65M $15.51M $63.96M
YoY Change 3.77% 1.31% -22.79%
Operating Profit $11.31M $13.91M $24.60M
YoY Change 248.81% -346.36% -159.18%
Interest Expense $4.645M -$4.299M -$13.03M
YoY Change 73.97% 109.3% -278.29%
% of Operating Profit 41.09% -30.91% -52.96%
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0%
Pretax Income $6.660M $9.608M $11.57M
YoY Change 1066.37% -224.8% -123.68%
Income Tax $243.0K $290.0K $304.0K
% Of Pretax Income 3.65% 3.02% 2.63%
Net Earnings $6.417M $9.318M $11.27M
YoY Change 372.53% -223.03% -123.25%
Net Earnings / Revenue 5.27% 6.8% 2.34%
Basic Earnings Per Share $0.28 $0.49
Diluted Earnings Per Share $0.28 $0.40 $0.49
COMMON SHARES
Basic Shares Outstanding 22.95M shares 22.95M shares 22.94M shares
Diluted Shares Outstanding 22.97M shares 22.95M shares

Balance Sheet

Concept 2023 Q2 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.78M $24.30M $24.30M
YoY Change 705.74% 288.43% 288.43%
Cash & Equivalents $27.80M $24.30M $24.30M
Short-Term Investments
Other Short-Term Assets $11.03M $19.97M $19.97M
YoY Change -26.15% 106.11% 106.11%
Inventory $113.2M $120.6M $120.6M
Prepaid Expenses
Receivables $78.20M $89.89M $89.89M
Other Receivables $555.0K $555.0K $555.0K
Total Short-Term Assets $242.1M $255.3M $255.3M
YoY Change 0.14% 10.88% 10.88%
LONG-TERM ASSETS
Property, Plant & Equipment $38.82M $27.13M $27.13M
YoY Change 44.83% -12.18% -12.18%
Goodwill $29.80M $29.80M
YoY Change 0.0% 0.0%
Intangibles $4.787M $5.660M
YoY Change -28.68% -27.29%
Long-Term Investments
YoY Change
Other Assets $2.020M $2.019M $2.019M
YoY Change -85.24% -86.84% 12.04%
Total Long-Term Assets $75.46M $64.64M $64.64M
YoY Change 15.63% -8.06% -8.06%
TOTAL ASSETS
Total Short-Term Assets $242.1M $255.3M $255.3M
Total Long-Term Assets $75.46M $64.64M $64.64M
Total Assets $317.6M $319.9M $319.9M
YoY Change 3.43% 6.45% 6.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $71.70M $76.43M $76.43M
YoY Change -5.51% -18.04% -18.04%
Accrued Expenses $31.52M $37.00M $37.00M
YoY Change -11.65% 15.32% 15.32%
Deferred Revenue $2.399M $2.256M
YoY Change 51.26% 24.02%
Short-Term Debt $189.8M $75.61M $75.61M
YoY Change -9.53% -51.22% 202.46%
Long-Term Debt Due $134.0K $130.2M $130.2M
YoY Change -33.0% 51167.72% -0.03%
Total Short-Term Liabilities $297.9M $319.3M $319.3M
YoY Change -8.31% 12.69% 12.69%
LONG-TERM LIABILITIES
Long-Term Debt $160.0K $5.199M $5.199M
YoY Change -70.15% -79.72% -79.72%
Other Long-Term Liabilities $12.04M $24.54M $24.54M
YoY Change -40.46% -16.15% -24.72%
Total Long-Term Liabilities $12.20M $29.74M $29.74M
YoY Change -41.23% -45.83% -48.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $297.9M $319.3M $319.3M
Total Long-Term Liabilities $12.20M $29.74M $29.74M
Total Liabilities $337.7M $350.3M $350.3M
YoY Change -3.53% 2.25% 2.25%
SHAREHOLDERS EQUITY
Retained Earnings -$177.0M -$187.1M
YoY Change -11.35% -5.68%
Common Stock $23.00K $23.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $972.0K
YoY Change -12.9%
Treasury Stock Shares 166.0K shares
Shareholders Equity -$20.13M -$30.37M -$30.37M
YoY Change
Total Liabilities & Shareholders Equity $317.6M $319.9M $319.9M
YoY Change 3.43% 6.45% 6.45%

Cashflow Statement

Concept 2023 Q2 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $6.417M $9.318M $11.27M
YoY Change 372.53% -223.03% -123.25%
Depreciation, Depletion And Amortization $1.402M $1.560M $6.690M
YoY Change -18.39% -16.04% 37.34%
Cash From Operating Activities $21.57M $8.862M -$8.845M
YoY Change -268.33% -139.6% -85.61%
INVESTING ACTIVITIES
Capital Expenditures $642.0K $363.0K $1.354M
YoY Change -263.78% 93.09% -168.8%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$642.0K -$363.0K -$1.354M
YoY Change 63.78% -278.82% -440.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.05M -641.0K 28.37M
YoY Change -236.56% -102.69% -39.05%
NET CHANGE
Cash From Operating Activities 21.57M 8.862M -8.845M
Cash From Investing Activities -642.0K -363.0K -1.354M
Cash From Financing Activities -20.05M -641.0K 28.37M
Net Change In Cash 886.0K 7.858M 18.17M
YoY Change -39.77% 373.94% -224.99%
FREE CASH FLOW
Cash From Operating Activities $21.57M $8.862M -$8.845M
Capital Expenditures $642.0K $363.0K $1.354M
Free Cash Flow $20.93M $8.499M -$10.20M
YoY Change -268.47% -137.66% -82.86%

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CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1787000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3162000 usd
CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4000 usd
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-42000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
28367000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
46545000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
18168000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-14535000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9732000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24267000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27900000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9732000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24296000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3604000 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3477000 usd
CY2022Q4 psix Number Of Board Members
NumberOfBoardMembers
4 boardmember
CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
211000000 usd
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;margin-top:7pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires that management make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Significant estimates and assumptions include the valuation of allowances for uncollectible receivables, inventory reserves, warranty reserves, stock-based compensation, evaluation of goodwill, other intangibles, property, plant and equipment for impairment, and determination of useful lives of long-lived assets. Actual results could materially differ from those estimates.</span></div>
CY2021 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
18242000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3600000 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3500000 usd
CY2022 psix Research And Development Expense Excluding Engineering
ResearchAndDevelopmentExpenseExcludingEngineering
18900000 usd
CY2021 psix Research And Development Expense Excluding Engineering
ResearchAndDevelopmentExpenseExcludingEngineering
21400000 usd
CY2022 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
4576000 usd
CY2021 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
9397000 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
101566000 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
120130000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
3073000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
8923000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
19825000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
16509000 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
124464000 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
145562000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3904000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3370000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
120560000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
142192000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3370000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3328000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1159000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1035000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
625000 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
993000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3904000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3370000 usd
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
31542000 usd
CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
6258000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
13037000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
15830000 usd
CY2022Q4 us-gaap Litigation Reserve
LitigationReserve
2102000 usd
CY2021Q4 us-gaap Litigation Reserve
LitigationReserve
894000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2256000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1819000 usd
CY2022Q4 us-gaap Accrued Employee Benefits Current And Noncurrent
AccruedEmployeeBenefitsCurrentAndNoncurrent
7299000 usd
CY2021Q4 us-gaap Accrued Employee Benefits Current And Noncurrent
AccruedEmployeeBenefitsCurrentAndNoncurrent
4397000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
5257000 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
625000 usd
CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
4158000 usd
CY2021Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
7258000 usd
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
34109000 usd
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
30823000 usd
CY2022Q4 psix Product Warranty Reimbursements
ProductWarrantyReimbursements
1000000.0 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
32948000 usd
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
22232000 usd
CY2021 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
26233000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21550000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
13037000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
15830000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
8513000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
17118000 usd
CY2022 us-gaap Product Warranty Expense
ProductWarrantyExpense
6400000 usd
CY2021 us-gaap Product Warranty Expense
ProductWarrantyExpense
22800000 usd
CY2022 psix Product Warranty Recoveries
ProductWarrantyRecoveries
4100000 usd
CY2021 psix Product Warranty Recoveries
ProductWarrantyRecoveries
4800000 usd
CY2022 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
4600000 usd
CY2022 psix Standard Product Warranty Accrual Earnings Per Share Diluted
StandardProductWarrantyAccrualEarningsPerShareDiluted
0.20
CY2021 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
9400000 usd
CY2021 psix Standard Product Warranty Accrual Earnings Per Share Diluted
StandardProductWarrantyAccrualEarningsPerShareDiluted
0.41
CY2022Q4 psix Number Of Supply Agreements
NumberOfSupplyAgreements
2 supplyagreement
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
481333000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
456255000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
481333000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
456255000 usd
CY2021Q4 psix Finance Lease Liability And Other Long Term Debt
FinanceLeaseLiabilityAndOtherLongTermDebt
890000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
5419000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
25890000 usd
CY2022Q4 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
3620000 usd
CY2021Q4 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
2707000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2256000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1819000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
3199000 usd
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
3330000 usd
CY2022Q4 psix Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
-1835000 usd
CY2021Q4 psix Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
-2442000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1600000 usd
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
47200000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4600000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1400000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1000000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
500000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
200000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1000000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
500000 usd
CY2022Q4 psix Debt Instrument Number Of Loan Agreements
DebtInstrumentNumberOfLoanAgreements
4 agreement
CY2017Q1 psix Collaborative Arrangement Term
CollaborativeArrangementTerm
P3Y
CY2022Q4 psix Collaborative Arrangement Sales
CollaborativeArrangementSales
600000 usd
CY2021Q4 psix Collaborative Arrangement Sales
CollaborativeArrangementSales
500000 usd
CY2022Q4 psix Collaborative Arrangement Outstanding Receivables
CollaborativeArrangementOutstandingReceivables
400000 usd
CY2021Q4 psix Collaborative Arrangement Outstanding Receivables
CollaborativeArrangementOutstandingReceivables
200000 usd
CY2022 psix Collaborative Arrangement Inventory Purchased Goods
CollaborativeArrangementInventoryPurchasedGoods
13300000 usd
CY2021 psix Collaborative Arrangement Inventory Purchased Goods
CollaborativeArrangementInventoryPurchasedGoods
12400000 usd
CY2022Q4 psix Collaborative Arrangement Accounts Payable
CollaborativeArrangementAccountsPayable
23400000 usd
CY2021Q4 psix Collaborative Arrangement Accounts Payable
CollaborativeArrangementAccountsPayable
12500000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
53321000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
39477000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
13844000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
29800000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
220000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
37340000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
31680000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5660000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
37340000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
29556000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7784000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1746000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1459000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1219000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
997000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
230000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
9000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5660000 usd
CY2022Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
75614000 usd
CY2021Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
25000000 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
205614000 usd
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
155000000 usd
CY2022Q4 us-gaap Subordinated Long Term Debt
SubordinatedLongTermDebt
4800000 usd
CY2021Q4 us-gaap Subordinated Long Term Debt
SubordinatedLongTermDebt
25000000 usd
CY2022Q4 psix Finance Lease Liability And Other Long Term Debt
FinanceLeaseLiabilityAndOtherLongTermDebt
619000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
254000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
5199000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
25636000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
400000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
800000 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
6100000 usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
3700000 usd
CY2022Q1 psix Debt Instrument Number Of Loan Agreements Amended
DebtInstrumentNumberOfLoanAgreementsAmended
2 agreement
CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
211000000.0 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24300000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
5300000 usd
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
600000 usd
CY2022Q4 psix Number Of Shareholder Loan Agreements Amended
NumberOfShareholderLoanAgreementsAmended
2 agreement
CY2022Q4 psix Number Of Shareholder Loan Agreements
NumberOfShareholderLoanAgreements
4 agreement
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
4953000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
67000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
9000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5029000 usd
CY2022 us-gaap Lease Cost
LeaseCost
6757000 usd
CY2021 us-gaap Lease Cost
LeaseCost
6623000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
4706000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
4855000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
148000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
192000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
21000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
33000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
100000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
267000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
1782000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
1276000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
1062000 usd
CY2021 us-gaap Sublease Income
SubleaseIncome
0 usd
CY2022 psix Lease Cost Excluding Sublease Income
LeaseCostExcludingSubleaseIncome
5695000 usd
CY2021 psix Lease Cost Excluding Sublease Income
LeaseCostExcludingSubleaseIncome
6623000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
4859000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
4959000 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
21000 usd
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
33000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
157000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
194000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3540000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
137000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y9M18D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M24D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.071
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.071
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.066
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.065
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
13282000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
13545000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2894000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3978000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10971000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10304000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
13865000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
14282000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
225000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
364000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
90000 usd
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
147000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
170000 usd
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
260000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
260000 usd
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
407000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3767000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
103000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2668000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
85000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2731000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
82000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2021Q4 us-gaap Deferred Tax Assets Other
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752000 usd
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3735000 usd
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3537000 usd
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CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
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CY2021Q4 us-gaap Deferred Income Tax Liabilities
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6116000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
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1300000 usd
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9200000 usd
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17500000 usd
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8100000 usd
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1588000 usd
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1431000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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74000 usd
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102000 usd
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5000 usd
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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56000 usd
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7000 usd
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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1000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
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1660000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
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1588000 usd
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385000 usd
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394000 usd
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87000 usd
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22908000 shares
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10000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
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22908000 shares
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0.49
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0.49
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100000 shares
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200000 shares
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4800000 usd

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