$PSIX
POWER SOLUTIONS INTERNATIONAL, INC.

2024 Q1 Form 10-K Financial Statement

#000113709124000007 Filed on March 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $95.24M $104.8M $459.0M
YoY Change -18.23% -23.54% -4.65%
Cost Of Revenue $69.48M $77.22M $353.1M
YoY Change -25.29% -28.23% -10.1%
Gross Profit $25.76M $27.54M $105.9M
YoY Change 9.74% -6.4% 19.54%
Gross Profit Margin 27.04% 26.29% 23.07%
Selling, General & Admin $9.532M $9.336M $40.39M
YoY Change -3.77% -6.82% -5.95%
% of Gross Profit 37.01% 33.9% 38.15%
Research & Development $5.197M $5.429M $19.46M
YoY Change 12.88% 9.32% 2.97%
% of Gross Profit 20.18% 19.72% 18.38%
Depreciation & Amortization $952.0K $1.360M $3.854M
YoY Change -5.74% -12.82% -42.39%
% of Gross Profit 3.7% 4.94% 3.64%
Operating Expenses $15.09M $15.20M $61.59M
YoY Change 1.0% -1.99% -3.71%
Operating Profit $10.66M $12.33M $44.28M
YoY Change 25.08% -11.31% 79.97%
Interest Expense $3.346M -$3.595M $17.07M
YoY Change -28.27% -16.38% -231.02%
% of Operating Profit 31.38% -29.15% 38.55%
Other Income/Expense, Net
YoY Change
Pretax Income $7.316M $8.739M $27.21M
YoY Change 89.58% -9.04% 135.06%
Income Tax $201.0K $369.0K $900.0K
% Of Pretax Income 2.75% 4.22% 3.31%
Net Earnings $7.115M $8.370M $26.31M
YoY Change 91.06% -10.17% 133.42%
Net Earnings / Revenue 7.47% 7.99% 5.73%
Basic Earnings Per Share $0.31 $1.15
Diluted Earnings Per Share $0.31 $0.36 $1.15
COMMON SHARES
Basic Shares Outstanding 22.97M shares 22.97M shares 22.96M shares
Diluted Shares Outstanding 22.97M shares 22.97M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.06M $22.76M $22.76M
YoY Change 22.76% -6.33% -6.33%
Cash & Equivalents $33.10M $22.80M $22.76M
Short-Term Investments
Other Short-Term Assets $15.98M $14.59M $14.59M
YoY Change 4.66% -26.91% -26.91%
Inventory $88.80M $84.95M $84.95M
Prepaid Expenses $8.518M
Receivables $49.29M $66.98M $82.53M
Other Receivables $412.0K $550.0K $550.0K
Total Short-Term Assets $209.1M $205.4M $205.4M
YoY Change -21.15% -19.54% -19.54%
LONG-TERM ASSETS
Property, Plant & Equipment $41.26M $42.07M $42.07M
YoY Change 61.24% 55.1% 55.1%
Goodwill $29.80M $29.80M
YoY Change 0.0% 0.0%
Intangibles $3.549M $3.914M
YoY Change -32.05% -30.85%
Long-Term Investments
YoY Change
Other Assets $3.089M $3.099M $3.099M
YoY Change 53.0% 53.49% 53.49%
Total Long-Term Assets $77.73M $78.92M $78.92M
YoY Change 24.04% 22.09% 22.09%
TOTAL ASSETS
Total Short-Term Assets $209.1M $205.4M $205.4M
Total Long-Term Assets $77.73M $78.92M $78.92M
Total Assets $286.8M $284.3M $284.3M
YoY Change -12.51% -11.13% -11.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $72.82M $67.36M $67.36M
YoY Change -8.63% -11.87% -11.87%
Accrued Expenses $26.36M $29.24M $29.24M
YoY Change -19.15% -20.98% -20.98%
Deferred Revenue $2.766M $2.741M
YoY Change -1.39% 21.5%
Short-Term Debt $139.8M $144.8M $94.82M
YoY Change -33.36% 91.53% 25.4%
Long-Term Debt Due $117.0K $139.0K $50.22M
YoY Change -11.36% -99.89% -61.44%
Total Short-Term Liabilities $245.8M $248.3M $248.3M
YoY Change -24.9% -22.23% -22.23%
LONG-TERM LIABILITIES
Long-Term Debt $77.00K $90.00K $184.0K
YoY Change -60.51% -98.27% -96.46%
Other Long-Term Liabilities $9.864M $10.79M $38.26M
YoY Change -16.44% -56.05% 55.89%
Total Long-Term Liabilities $9.941M $10.88M $38.44M
YoY Change -17.16% -63.43% 29.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $245.8M $248.3M $248.3M
Total Long-Term Liabilities $9.941M $10.88M $38.44M
Total Liabilities $283.6M $288.2M $288.2M
YoY Change -19.98% -17.72% -17.72%
SHAREHOLDERS EQUITY
Retained Earnings -$153.7M -$160.8M
YoY Change -16.19% -14.06%
Common Stock $23.00K $23.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.224M -$3.917M -$3.917M
YoY Change
Total Liabilities & Shareholders Equity $286.8M $284.3M $284.3M
YoY Change -12.51% -11.13% -11.13%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $7.115M $8.370M $26.31M
YoY Change 91.06% -10.17% 133.42%
Depreciation, Depletion And Amortization $952.0K $1.360M $3.854M
YoY Change -5.74% -12.82% -42.39%
Cash From Operating Activities $15.63M $8.392M $70.51M
YoY Change 212.54% -5.3% -897.2%
INVESTING ACTIVITIES
Capital Expenditures $815.0K $2.356M $5.036M
YoY Change 33.17% 549.04% 271.94%
Acquisitions
YoY Change
Other Investing Activities $16.00K $16.00K
YoY Change
Cash From Investing Activities -$815.0K -$2.340M -$5.020M
YoY Change 33.17% 544.63% 270.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$5.181M -15.06M -$66.80M
YoY Change 217.27% 2249.14% -335.48%
NET CHANGE
Cash From Operating Activities $15.63M 8.392M $70.51M
Cash From Investing Activities -$815.0K -2.340M -$5.020M
Cash From Financing Activities -$5.181M -15.06M -$66.80M
Net Change In Cash $9.634M -9.006M -$1.306M
YoY Change 249.56% -214.61% -107.19%
FREE CASH FLOW
Cash From Operating Activities $15.63M $8.392M $70.51M
Capital Expenditures $815.0K $2.356M $5.036M
Free Cash Flow $14.82M $6.036M $65.48M
YoY Change 237.55% -28.98% -741.98%

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RetainedEarningsAccumulatedDeficit
-160790000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-187096000 usd
CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
149000 shares
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
166000 shares
CY2023Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
920000 usd
CY2022Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
972000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-3917000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
284303000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
319913000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
458973000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
481333000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1746000 usd
CY2022 us-gaap Amortization Of Intangible Assets
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2124000 usd
CY2023 us-gaap Operating Expenses
OperatingExpenses
61589000 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
63961000 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
44275000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
24602000 usd
CY2023 us-gaap Interest Expense
InterestExpense
17069000 usd
CY2022 us-gaap Interest Expense
InterestExpense
13028000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11574000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
304000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
11270000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22938000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22973000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22948000 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-42023000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
385000 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-4000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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151000 usd
CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-2000 usd
CY2023 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
0 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2023 us-gaap Net Income Loss
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26306000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
11270000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1746000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2124000 usd
CY2023 us-gaap Depreciation
Depreciation
3854000 usd
CY2022 us-gaap Depreciation
Depreciation
4566000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
151000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
385000 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1188000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2178000 usd
CY2023 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
200000 usd
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
189000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1668000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
888000 usd
CY2023 psix Increase Decrease In Allowance For Obsolescence
IncreaseDecreaseInAllowanceForObsolescence
1826000 usd
CY2022 psix Increase Decrease In Allowance For Obsolescence
IncreaseDecreaseInAllowanceForObsolescence
533000 usd
CY2023 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
229000 usd
CY2022 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
529000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-21248000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
25672000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-33787000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-21098000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7043000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4251000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-9237000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-17004000 usd
CY2023 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
5000 usd
CY2022 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
3721000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2162000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2107000 usd
CY2023 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-3254000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-11506000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
70512000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8845000 usd
CY2023 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
5036000 usd
CY2022 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
1354000 usd
CY2023 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
16000 usd
CY2022 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5020000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1354000 usd
CY2023 us-gaap Repayments Of Debt
RepaymentsOfDebt
80000000 usd
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
0 usd
CY2023 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
215000 usd
CY2022 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
256000 usd
CY2023 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
15000000 usd
CY2022 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
31582000 usd
CY2023 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
594000 usd
CY2022 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
1168000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
987000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1787000 usd
CY2023 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2000 usd
CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-66798000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
28367000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1306000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
18168000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27900000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26594000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27900000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22758000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3836000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3604000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26594000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27900000 usd
CY2023Q4 psix Number Of Board Members
NumberOfBoardMembers
4 boardmember
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
145200000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22800000 usd
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023 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, income tax valuation allowances and determination of useful lives of long-lived assets. Actual results could materially differ from those estimates.</span></div>
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3800000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3600000 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
124464000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
5730000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3904000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
84947000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
120560000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3904000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3370000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
68273000 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
101566000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1166000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
3073000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
21238000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
19825000 usd
CY2023Q4 us-gaap Inventory Gross
InventoryGross
90677000 usd
CY2023 psix Inventory Valuation Reserves Charged To Expense
InventoryValuationReservesChargedToExpense
2796000 usd
CY2022 psix Inventory Valuation Reserves Charged To Expense
InventoryValuationReservesChargedToExpense
1159000 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
970000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
625000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
5730000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3904000 usd
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
11290000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
13037000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
7973000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
13037000 usd
CY2023Q4 us-gaap Litigation Reserve
LitigationReserve
3929000 usd
CY2022Q4 us-gaap Litigation Reserve
LitigationReserve
2102000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2741000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2256000 usd
CY2023Q4 us-gaap Accrued Employee Benefits Current And Noncurrent
AccruedEmployeeBenefitsCurrentAndNoncurrent
8469000 usd
CY2022Q4 us-gaap Accrued Employee Benefits Current And Noncurrent
AccruedEmployeeBenefitsCurrentAndNoncurrent
7299000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1913000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
5257000 usd
CY2023Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
3657000 usd
CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
4158000 usd
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
31999000 usd
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
34109000 usd
CY2023Q4 psix Product Warranty Reimbursements
ProductWarrantyReimbursements
1300000 usd
CY2022Q4 psix Product Warranty Reimbursements
ProductWarrantyReimbursements
1000000.0 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21550000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
32948000 usd
CY2023 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
6635000 usd
CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
6258000 usd
CY2023 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
7550000 usd
CY2022 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
4576000 usd
CY2023 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
16472000 usd
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
22232000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
19263000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21550000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
8513000 usd
CY2023 us-gaap Product Warranty Expense
ProductWarrantyExpense
13000000 usd
CY2022 us-gaap Product Warranty Expense
ProductWarrantyExpense
6400000 usd
CY2023 psix Product Warranty Recoveries
ProductWarrantyRecoveries
1100000 usd
CY2022 psix Product Warranty Recoveries
ProductWarrantyRecoveries
4100000 usd
CY2023 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
7600000 usd
CY2023 psix Standard Product Warranty Accrual Earnings Per Share Diluted
StandardProductWarrantyAccrualEarningsPerShareDiluted
0.33
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
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
458973000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
481333000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
458973000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
481333000 usd
CY2023Q4 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
15554000 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
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2741000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2256000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1819000 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2401000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
3199000 usd
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
3330000 usd
CY2023Q4 psix Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
10412000 usd
CY2022Q4 psix Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
-1835000 usd
CY2021Q4 psix Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
-2442000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1400000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1600000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
3900000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1500000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
500000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
200000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1000000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
600000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
100000 usd
CY2023Q4 psix Debt Instrument Number Of Loan Agreements
DebtInstrumentNumberOfLoanAgreements
4 agreement
CY2020Q1 psix Collaborative Arrangement Term
CollaborativeArrangementTerm
P3Y
CY2023Q1 psix Collaborative Arrangement Term
CollaborativeArrangementTerm
P3Y
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
55605000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
53321000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
40677000 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 Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
11600000 usd
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
11600000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
37340000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
33426000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3914000 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
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1459000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1219000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
997000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
230000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
6000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3914000 usd
CY2023Q4 us-gaap Short Term Borrowings
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144820000 usd
CY2022Q4 us-gaap Short Term Borrowings
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205614000 usd
CY2023Q4 us-gaap Subordinated Long Term Debt
SubordinatedLongTermDebt
0 usd
CY2022Q4 us-gaap Subordinated Long Term Debt
SubordinatedLongTermDebt
4800000 usd
CY2023Q4 psix Finance Lease Liability And Other Long Term Debt
FinanceLeaseLiabilityAndOtherLongTermDebt
399000 usd
CY2022Q4 psix Finance Lease Liability And Other Long Term Debt
FinanceLeaseLiabilityAndOtherLongTermDebt
619000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
399000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
5419000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
215000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
220000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
184000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
5199000 usd
CY2023Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
200000 usd
CY2022Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
400000 usd
CY2023 us-gaap Interest Expense Debt
InterestExpenseDebt
19900000 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
6100000 usd
CY2023Q1 psix Number Of Shareholder Loan Agreements Amended
NumberOfShareholderLoanAgreementsAmended
2 agreement
CY2023Q1 psix Number Of Shareholder Loan Agreements
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4 agreement
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145200000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22800000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
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1900000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
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5300000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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81000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
9000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
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90000 usd
CY2023 us-gaap Lease Cost
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8600000 usd
CY2022 us-gaap Lease Cost
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6757000 usd
CY2023 us-gaap Operating Lease Cost
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5885000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
4706000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
82000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
148000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
14000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
21000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1005000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
100000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
1614000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
1782000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
619000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
1062000 usd
CY2023 psix Lease Cost Excluding Sublease Income
LeaseCostExcludingSubleaseIncome
7981000 usd
CY2022 psix Lease Cost Excluding Sublease Income
LeaseCostExcludingSubleaseIncome
5695000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
4719000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
4859000 usd
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
14000 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
21000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
90000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
157000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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18095000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3540000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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0 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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0 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P6Y2M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y9M18D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M12D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.076
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.071
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.065
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.066
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
170000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
27145000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
13282000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
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3912000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2894000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
25070000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10971000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
28982000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
13865000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
144000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
225000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
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76000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
90000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
94000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
170000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
170000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
260000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5981000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
84000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6161000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
81000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5931000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
17000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5950000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4973000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
7534000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
36530000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
182000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7548000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
12000 usd
CY2023Q4 us-gaap Operating Lease Liability
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28982000 usd
CY2023Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
200000 usd
CY2022Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
400000 usd
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1200000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
800000 usd
CY2023Q4 psix Number Of Outstanding Letters Of Credit
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4 letterofcredit
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1900000 usd
CY2023Q4 us-gaap Restricted Cash Current
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3800000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
61000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
204000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
639000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
700000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
115000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
64000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
136000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
900000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
260000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
200000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
189000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
304000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
600000 usd
CY2022 us-gaap Proceeds From Income Tax Refunds
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3000000.0 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
5713000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2430000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1486000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.055
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
140000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.012
CY2023 psix Effective Income Tax Rate Reconciliation Other Permanent Differences Amount
EffectiveIncomeTaxRateReconciliationOtherPermanentDifferencesAmount
22000 usd
CY2023 psix Effective Income Tax Rate Reconciliation Other Permanent Differences Percent
EffectiveIncomeTaxRateReconciliationOtherPermanentDifferencesPercent
0.001
CY2022 psix Effective Income Tax Rate Reconciliation Other Permanent Differences Amount
EffectiveIncomeTaxRateReconciliationOtherPermanentDifferencesAmount
88000 usd
CY2022 psix Effective Income Tax Rate Reconciliation Other Permanent Differences Percent
EffectiveIncomeTaxRateReconciliationOtherPermanentDifferencesPercent
0.007
CY2023 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
601000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.022
CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
393000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.034
CY2023 psix Effective Income Tax Rate Reconciliation Tax Credit Net Of Statute Expirations Amount
EffectiveIncomeTaxRateReconciliationTaxCreditNetOfStatuteExpirationsAmount
-277000 usd
CY2023 psix Effective Income Tax Rate Reconciliation Tax Credit Net Of Statute Expirations Percent
EffectiveIncomeTaxRateReconciliationTaxCreditNetOfStatuteExpirationsPercent
-0.010
CY2022 psix Effective Income Tax Rate Reconciliation Tax Credit Net Of Statute Expirations Amount
EffectiveIncomeTaxRateReconciliationTaxCreditNetOfStatuteExpirationsAmount
612000 usd
CY2022 psix Effective Income Tax Rate Reconciliation Tax Credit Net Of Statute Expirations Percent
EffectiveIncomeTaxRateReconciliationTaxCreditNetOfStatuteExpirationsPercent
0.053
CY2023 psix Effective Income Tax Rate Reconciliation Tax Reserve Reassessment Amount
EffectiveIncomeTaxRateReconciliationTaxReserveReassessmentAmount
158000 usd
CY2023 psix Effective Income Tax Rate Reconciliation Tax Reserve Reassessment Percent
EffectiveIncomeTaxRateReconciliationTaxReserveReassessmentPercent
0.006
CY2022 psix Effective Income Tax Rate Reconciliation Tax Reserve Reassessment Amount
EffectiveIncomeTaxRateReconciliationTaxReserveReassessmentAmount
79000 usd
CY2022 psix Effective Income Tax Rate Reconciliation Tax Reserve Reassessment Percent
EffectiveIncomeTaxRateReconciliationTaxReserveReassessmentPercent
0.007
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.197
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-673000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.025
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1147000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.099
CY2023 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-116000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.005
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
216000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.019
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
900000 usd
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.033
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
304000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
1195000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
188000 usd
CY2023Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
698000 usd
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
1057000 usd
CY2023Q4 psix Deferred Tax Assets Operating Lease Liability
DeferredTaxAssetsOperatingLeaseLiability
7917000 usd
CY2022Q4 psix Deferred Tax Assets Operating Lease Liability
DeferredTaxAssetsOperatingLeaseLiability
2820000 usd
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
804000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1685000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
63516000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
63415000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
54314000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
59680000 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
9202000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
3735000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
7274000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
2612000 usd
CY2023Q4 psix Deferred Tax Liabilities Intangible Amortization
DeferredTaxLiabilitiesIntangibleAmortization
1006000 usd
CY2022Q4 psix Deferred Tax Liabilities Intangible Amortization
DeferredTaxLiabilitiesIntangibleAmortization
110000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2400000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2291000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
10680000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
5013000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1478000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1278000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1300000 usd
CY2023Q4 us-gaap Tax Credit Carryforward Amount
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8400000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
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CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
7600000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1660000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1588000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
117000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
74000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
43000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
5000 usd
CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1000 usd
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
7000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1819000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1660000 usd
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
151000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
385000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
87000 usd
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2023 us-gaap Net Income Loss
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26306000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
11270000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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22960000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22938000 shares
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
13000 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
10000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22973000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22948000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.15
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2023 us-gaap Earnings Per Share Diluted
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1.15
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001137091-24-000007-index-headers.html Edgar Link pending
0001137091-24-000007-index.html Edgar Link pending
0001137091-24-000007.txt Edgar Link pending
0001137091-24-000007-xbrl.zip Edgar Link pending
exhibit1035ltip.htm Edgar Link pending
exhibit211-psiandconsolida.htm Edgar Link pending
exhibit231-bdoconsent.htm Edgar Link pending
exhibit311-ceocertificatio.htm Edgar Link pending
exhibit312-cfocertificatio.htm Edgar Link pending
exhibit321-ceocertificatio.htm Edgar Link pending
exhibit322-cfocertificatio.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
psix-20231231.htm Edgar Link pending
psix-20231231.xsd Edgar Link pending
psix-20231231_g1.jpg Edgar Link pending
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psix-20231231_cal.xml Edgar Link unprocessable
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report.css Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable