$SVT
SERVOTRONICS INC /DE/

2023 Q3 Form 10-Q Financial Statement

#000141057823001700 Filed on August 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $11.58M $10.65M
YoY Change 5.38% -5.17%
Cost Of Revenue $9.083M $9.092M
YoY Change -4.07% -9.64%
Gross Profit $2.499M $1.557M
YoY Change 64.08% 33.3%
Gross Profit Margin 21.58% 14.62%
Selling, General & Admin $2.219M $3.269M
YoY Change 14.2% 57.85%
% of Gross Profit 88.8% 209.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $272.0K $260.0K
YoY Change -7.48% -15.86%
% of Gross Profit 10.88% 16.7%
Operating Expenses $2.219M $3.269M
YoY Change 14.2% 57.85%
Operating Profit $280.0K -$1.712M
YoY Change -166.67% 89.59%
Interest Expense $98.00K $89.00K
YoY Change 96.0% 20.27%
% of Operating Profit 35.0%
Other Income/Expense, Net -$98.00K -$89.00K
YoY Change 96.0% 20.27%
Pretax Income $182.0K -$1.801M
YoY Change -138.72% 84.34%
Income Tax $0.00 $1.479M
% Of Pretax Income 0.0%
Net Earnings -$204.0K -$9.500M
YoY Change -35.44% 1072.84%
Net Earnings / Revenue -1.76% -89.21%
Basic Earnings Per Share -$0.09 -$3.86
Diluted Earnings Per Share -$0.09 -$3.86
COMMON SHARES
Basic Shares Outstanding 2.496M 2.525M
Diluted Shares Outstanding 2.496M 2.489M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $158.0K $716.0K
YoY Change -96.29% -85.98%
Cash & Equivalents $158.0K $716.0K
Short-Term Investments
Other Short-Term Assets $727.0K $996.0K
YoY Change -19.58% -14.73%
Inventory $15.05M $15.10M
Prepaid Expenses
Receivables $12.30M $11.14M
Other Receivables $0.00 $0.00
Total Short-Term Assets $30.50M $32.44M
YoY Change -14.55% -8.52%
LONG-TERM ASSETS
Property, Plant & Equipment $7.172M $7.242M
YoY Change -32.07% -30.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $42.00K $172.0K
YoY Change -86.71% -45.57%
Total Long-Term Assets $7.214M $7.414M
YoY Change -38.6% -35.84%
TOTAL ASSETS
Total Short-Term Assets $30.50M $32.44M
Total Long-Term Assets $7.214M $7.414M
Total Assets $37.71M $39.86M
YoY Change -20.51% -15.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.958M $2.904M
YoY Change -9.65% 6.88%
Accrued Expenses $2.755M $2.227M
YoY Change -6.99% -20.78%
Deferred Revenue
YoY Change
Short-Term Debt $2.164M $3.697M
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $9.705M $11.68M
YoY Change 46.78% 97.3%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $3.996M $4.016M
YoY Change -30.49% -29.91%
Total Long-Term Liabilities $0.00 $0.00
YoY Change -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.705M $11.68M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $9.705M $11.68M
YoY Change 39.88% 85.37%
SHAREHOLDERS EQUITY
Retained Earnings $12.49M $12.69M
YoY Change -50.16% -49.97%
Common Stock $15.13M $15.11M
YoY Change 0.46% 0.53%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.152M $1.172M
YoY Change -8.43% -9.22%
Treasury Stock Shares
Shareholders Equity $24.01M $24.16M
YoY Change
Total Liabilities & Shareholders Equity $37.71M $39.86M
YoY Change -20.51% -15.24%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$204.0K -$9.500M
YoY Change -35.44% 1072.84%
Depreciation, Depletion And Amortization $272.0K $260.0K
YoY Change -7.48% -15.86%
Cash From Operating Activities -$952.0K -$2.875M
YoY Change 240.0% -424.49%
INVESTING ACTIVITIES
Capital Expenditures $203.0K -$34.00K
YoY Change -140.85% -89.14%
Acquisitions
YoY Change
Other Investing Activities $2.100M $0.00
YoY Change
Cash From Investing Activities $1.897M $34.00K
YoY Change -481.69% -110.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.533M 2.758M
YoY Change 2090.0% -163.84%
NET CHANGE
Cash From Operating Activities -952.0K -2.875M
Cash From Investing Activities 1.897M 34.00K
Cash From Financing Activities -1.533M 2.758M
Net Change In Cash -588.0K -83.00K
YoY Change -30.58% -97.78%
FREE CASH FLOW
Cash From Operating Activities -$952.0K -$2.875M
Capital Expenditures $203.0K -$34.00K
Free Cash Flow -$1.155M -$2.841M
YoY Change -632.26% -336.95%

Facts In Submission

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dei Current Fiscal Year End Date
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dei Document Period End Date
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dei Document Transition Report
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dei Entity File Number
EntityFileNumber
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dei Entity Registrant Name
EntityRegistrantName
SERVOTRONICS, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
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dei City Area Code
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dei Security12b Title
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dei Trading Symbol
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-25000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-44000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-9488000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-788000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-11023000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-441000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-4108000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-341000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
517000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
485000
us-gaap Share Based Compensation
ShareBasedCompensation
74000
us-gaap Share Based Compensation
ShareBasedCompensation
67000
svt Decrease Increase In Allowance For Credit Losses
DecreaseIncreaseInAllowanceForCreditLosses
25000
svt Decrease Increase In Allowance For Credit Losses
DecreaseIncreaseInAllowanceForCreditLosses
3000
svt Increase Decrease In Inventory Reserve
IncreaseDecreaseInInventoryReserve
-14000
svt Increase Decrease In Inventory Reserve
IncreaseDecreaseInInventoryReserve
46000
svt Increase Decrease In Warranty Reserve
IncreaseDecreaseInWarrantyReserve
-2000
svt Increase Decrease In Warranty Reserve
IncreaseDecreaseInWarrantyReserve
-15000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1072000
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
602000
us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
1000
us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
-680000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
519000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
488000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1064000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
995000
svt Increase Decrease Accrued Employee Compensation And Benefit Costs
IncreaseDecreaseAccruedEmployeeCompensationAndBenefitCosts
301000
svt Increase Decrease Accrued Employee Compensation And Benefit Costs
IncreaseDecreaseAccruedEmployeeCompensationAndBenefitCosts
-159000
us-gaap Increase Decrease In Postretirement Obligations
IncreaseDecreaseInPostretirementObligations
66000
us-gaap Increase Decrease In Postretirement Obligations
IncreaseDecreaseInPostretirementObligations
61000
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-105000
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-5000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-5141000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-74000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
403000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
428000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
38000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-403000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-390000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
3697000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4250000
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
501000
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
140000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3196000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4390000
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-568000
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
241000
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-568000
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
241000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-2916000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-4613000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3812000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9433000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
896000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4820000
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 36pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 36pt;">The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to 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 revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
716000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3812000
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
180000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
896000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3812000
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
180000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
91000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
116000
svt Weighted Average Warranty Period
WeightedAverageWarrantyPeriod
P27M
CY2023Q2 svt Warranty Reserve
WarrantyReserve
579000
CY2022Q4 svt Warranty Reserve
WarrantyReserve
581000
CY2023Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
616000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
811000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
2000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
50000
us-gaap Interest Paid
InterestPaid
46000
us-gaap Interest Paid
InterestPaid
66000
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
us-gaap Reclassifications
Reclassifications
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 18pt;"><b style="font-weight:bold;">Reclassifications</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 36pt;">Certain balances as previously reported were reclassified with classifications adopted in the current period.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 36pt;">Effective January 1, 2023 the ATG research and development and certain insurance expenditures of approximately $507,000 and $902,000 for the three- and six-months ended June 30, 2023 are reflected in selling, general and administrative operating expenses. Accordingly, approximately $333,000 and $652,000 for the three- and six-months ended June 30, 2022 was reclassified from cost of goods sold to selling, general and administrative for the same period in 2022. There was no impact to the Condensed Consolidated Statement of Operations due to the reclassification.</p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 36pt;">Concentration of Credit Risks</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 36pt;">Financial instruments that potentially subject the Company to concentration of credit risks principally consist of cash accounts in financial institutions. Although the accounts exceed the federally insured deposit amount, management assesses the risk of nonperformance by the financial institutions to be low.</p>
CY2023Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
11686000
CY2022Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
10703000
CY2023Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
3357000
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2986000
CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
671000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1199000
CY2023Q2 us-gaap Inventory Gross
InventoryGross
15714000
CY2022Q4 us-gaap Inventory Gross
InventoryGross
14888000
CY2023Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
616000
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
602000
CY2023Q2 us-gaap Inventory Net
InventoryNet
15098000
CY2022Q4 us-gaap Inventory Net
InventoryNet
14286000
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23770000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23366000
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16528000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16011000
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7242000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7355000
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
260000
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
241000
CY2023Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
7000
CY2022Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
8000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
517000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
485000
us-gaap Adjustment For Amortization
AdjustmentForAmortization
12000
us-gaap Adjustment For Amortization
AdjustmentForAmortization
12000
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
3697000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
501000
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
3697000
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
501000
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0
CY2023Q2 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
4103000
CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
4062000
CY2023Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
65000
CY2022Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
69000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
130000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
138000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2432000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2458000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2435000
CY2023Q2 svt Incremental Common Shares Attributable To Unvested Restricted Stock
IncrementalCommonSharesAttributableToUnvestedRestrictedStock
28000
CY2022Q2 svt Incremental Common Shares Attributable To Unvested Restricted Stock
IncrementalCommonSharesAttributableToUnvestedRestrictedStock
7000
svt Incremental Common Shares Attributable To Unvested Restricted Stock
IncrementalCommonSharesAttributableToUnvestedRestrictedStock
28000
svt Incremental Common Shares Attributable To Unvested Restricted Stock
IncrementalCommonSharesAttributableToUnvestedRestrictedStock
7000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2489000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2439000
CY2023Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
13000
CY2023Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
41000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-1547000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
33619000
CY2023Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
12000
CY2023Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
33000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-9500000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
24164000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
35366000
CY2022Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
22000
CY2022Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
25000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
325000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
35738000
CY2022Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
22000
CY2022Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
42000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-810000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
34992000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
74000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
67000000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
27010
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
11.09
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
12894
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
11.85
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
11701
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
11.06
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
28203
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
11.45
CY2023Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-3280000
CY2022Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-789000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-4108000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-341000
CY2023Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-6220000
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-21000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-6940000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-144000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-9500000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-810000
us-gaap Net Income Loss
NetIncomeLoss
-11048000
us-gaap Net Income Loss
NetIncomeLoss
-485000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2461000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2486000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2442000
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.33
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.32
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.67
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.14
CY2023Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-2.53
CY2022Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.01
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-2.82
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.06
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.86
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.33
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.49
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1479000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1063000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-167000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-80000
CY2023Q2 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
3182000
CY2023Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
3355000
CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
173000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1245000
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.184
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.106
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.171
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.142
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
5000000
us-gaap Insured Event Gain Loss
InsuredEventGainLoss
3000000
CY2023Q2 svt Retention Amount Payable
RetentionAmountPayable
250000
svt Additional Insurance Coverage Policy Amount
AdditionalInsuranceCoveragePolicyAmount
3000000
CY2023Q2 svt Retention Payable At Additional Insurance Coverage
RetentionPayableAtAdditionalInsuranceCoverage
1000000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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