$VIRC
VIRCO MFG CORPORATION Stock $virc

$virc Overview Financials Valuation SEC Filings Company Website

2022 Q2 Form 10-Q Financial Statement

#000162828022016776 Filed on June 10, 2022

Income Statement

Concept	2022 Q2	2022 Q1	2021 Q2
Revenue	$32.08M	$40.11M	$28.37M
YoY Change	13.1%	109.22%	59.21%
Cost Of Revenue	$22.38M	$29.49M	$20.68M
YoY Change	8.21%	101.54%	9385.78%
Gross Profit	$9.707M	$10.62M	$7.688M
YoY Change	26.26%	133.99%	56.77%
Gross Profit Margin	30.25%	26.49%	27.1%
Selling, General & Admin	$14.45M	$15.25M	$11.98M
YoY Change	20.6%	47.76%	0.44%
% of Gross Profit	148.87%	143.55%	155.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.129M	$1.139M	$1.151M
YoY Change	-1.91%	-4.29%	-17.37%
% of Gross Profit	11.63%	10.72%	14.97%
Operating Expenses	$14.45M	$15.25M	$11.98M
YoY Change	20.6%	47.76%	0.44%
Operating Profit	-$4.744M	-$4.626M	-$4.295M
YoY Change	10.45%	-19.97%	-38.88%
Interest Expense	$427.0K	-$216.0K	$293.0K
YoY Change	45.73%	-1.82%	-27.48%
% of Operating Profit
Other Income/Expense, Net	-$195.0K	-$397.0K	-$506.0K
YoY Change	-61.46%	-27.82%	-6.3%
Pretax Income	-$5.366M	-$5.239M	-$5.094M
YoY Change	5.34%	-20.02%	-36.11%
Income Tax	-$282.0K	$11.07M	-$1.185M
% Of Pretax Income
Net Earnings	-$5.084M	-$16.31M	-$3.909M
YoY Change	30.06%	192.85%	-16.79%
Net Earnings / Revenue	-15.85%	-40.67%	-13.78%
Basic Earnings Per Share	-$0.32		-$0.25
Diluted Earnings Per Share	-$0.32	-$1.017M	-$0.25
COMMON SHARES
Basic Shares Outstanding	16.03M shares		15.82M shares
Diluted Shares Outstanding	16.03M shares		15.82M shares

Balance Sheet

Concept	2022 Q2	2022 Q1	2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$539.0K	$1.359M	$556.0K
YoY Change	-3.06%	239.75%	85.33%
Cash & Equivalents	$539.0K	$1.359M	$556.0K
Short-Term Investments
Other Short-Term Assets	$2.156M	$2.076M	$2.099M
YoY Change	2.72%	-9.74%	-12.54%
Inventory	$66.30M	$47.37M	$42.88M
Prepaid Expenses
Receivables	$13.33M	$17.77M	$14.33M
Other Receivables	$85.00K	$118.0K	$39.00K
Total Short-Term Assets	$82.54M	$68.85M	$59.99M
YoY Change	37.59%	35.08%	-13.09%
LONG-TERM ASSETS
Property, Plant & Equipment	$34.83M	$35.33M	$36.10M
YoY Change	-3.54%	-4.07%	-8.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$8.383M	$8.002M	$8.020M
YoY Change	4.53%	0.9%	-0.72%
Total Long-Term Assets	$56.87M	$57.60M	$73.68M
YoY Change	-22.82%	-22.24%	-10.66%
TOTAL ASSETS
Total Short-Term Assets	$82.54M	$68.85M	$59.99M
Total Long-Term Assets	$56.87M	$57.60M	$73.68M
Total Assets	$139.4M	$126.4M	$133.7M
YoY Change	4.29%	1.13%	-11.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$19.44M	$19.79M	$12.98M
YoY Change	49.79%	134.95%	-22.09%
Accrued Expenses	$15.87M	$16.16M	$13.68M
YoY Change	16.06%	26.24%	-9.43%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$18.91M	$340.0K	$2.990M
YoY Change	532.27%	-61.67%	-71.84%
Total Short-Term Liabilities	$54.22M	$36.28M	$29.64M
YoY Change	82.9%	64.14%	-30.07%
LONG-TERM LIABILITIES
Long-Term Debt	$14.56M	$14.17M	$14.80M
YoY Change	-1.56%	48.36%	-5.34%
Other Long-Term Liabilities	$27.88M	$639.0K	$38.38M
YoY Change	-27.36%	-6.3%	-10.33%
Total Long-Term Liabilities	$42.44M	$42.72M	$53.17M
YoY Change	-20.18%	-12.37%	-8.93%
TOTAL LIABILITIES
Total Short-Term Liabilities	$54.22M	$36.28M	$29.64M
Total Long-Term Liabilities	$42.44M	$42.72M	$53.17M
Total Liabilities	$96.66M	$79.00M	$82.81M
YoY Change	16.72%	11.5%	-17.82%
SHAREHOLDERS EQUITY
Retained Earnings	-$72.26M	-$67.18M	-$55.95M
YoY Change	29.15%	29.08%	2.65%
Common Stock	$161.0K	$120.7M	$159.0K
YoY Change	1.26%	0.7%	1.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$42.75M	$47.45M	$50.86M
YoY Change
Total Liabilities & Shareholders Equity	$139.4M	$126.4M	$133.7M
YoY Change	4.29%	1.13%	-11.76%

Cashflow Statement

Concept	2022 Q2	2022 Q1	2021 Q2
OPERATING ACTIVITIES
Net Income	-$5.084M	-$16.31M	-$3.909M
YoY Change	30.06%	192.85%	-16.79%
Depreciation, Depletion And Amortization	$1.129M	$1.139M	$1.151M
YoY Change	-1.91%	-4.29%	-17.37%
Cash From Operating Activities	-$18.97M	-$1.221M	-$6.958M
YoY Change	172.58%	-74.82%	-29.62%
INVESTING ACTIVITIES
Capital Expenditures	$609.0K	-$715.0K	$233.0K
YoY Change	161.37%	186.0%	-52.25%
Acquisitions
YoY Change
Other Investing Activities		$141.0K
YoY Change		-335.0%
Cash From Investing Activities	-$609.0K	-$574.0K	-$233.0K
YoY Change	161.37%	79.38%	-52.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net	$804.0K		$1.160M
YoY Change	-30.69%		-37.67%
Cash From Financing Activities	$18.76M	1.412M	$7.345M
YoY Change	155.34%	-67.69%	-23.11%
NET CHANGE
Cash From Operating Activities	-$18.97M	-1.221M	-$6.958M
Cash From Investing Activities	-$609.0K	-574.0K	-$233.0K
Cash From Financing Activities	$18.76M	1.412M	$7.345M
Net Change In Cash	-$820.0K	-383.0K	$154.0K
YoY Change	-632.47%	-52.13%	-118.71%
FREE CASH FLOW
Cash From Operating Activities	-$18.97M	-$1.221M	-$6.958M
Capital Expenditures	$609.0K	-$715.0K	$233.0K
Free Cash Flow	-$19.58M	-$506.0K	-$7.191M
YoY Change	172.22%	-89.0%	-30.69%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q2	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022Q2	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	90501
CY2022Q2	dei	Entity Central Index Key EntityCentralIndexKey	0000751365
CY2022Q2	dei	Amendment Flag AmendmentFlag	false
CY2022Q2	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2022Q2	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2022Q2	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--01-31
CY2022Q2	dei	Document Type DocumentType	10-Q
CY2022Q2	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2022Q2	dei	Document Period End Date DocumentPeriodEndDate	2022-04-30
CY2022Q2	dei	Document Transition Report DocumentTransitionReport	false
CY2022Q2	dei	Entity File Number EntityFileNumber	1-8777
CY2022Q2	dei	Entity Registrant Name EntityRegistrantName	VIRCO MFG. CORPORATION
CY2022Q2	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2022Q2	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	95-1613718
CY2022Q2	dei	Entity Address Address Line1 EntityAddressAddressLine1	2027 Harpers Way
CY2022Q2	dei	Entity Address City Or Town EntityAddressCityOrTown	Torrance
CY2022Q2	dei	Entity Address State Or Province EntityAddressStateOrProvince	CA
CY2022Q2	dei	Trading Symbol TradingSymbol	VIRC
CY2022Q2	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022Q2	dei	City Area Code CityAreaCode	310
CY2022Q2	dei	Local Phone Number LocalPhoneNumber	533-0474
CY2022Q2	dei	Security12b Title Security12bTitle	Common Stock, $0.01 par value per share
CY2022Q2	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2022Q2	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022Q2	dei	Entity Small Business EntitySmallBusiness	true
CY2022Q2	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2022Q2	dei	Entity Shell Company EntityShellCompany	false
CY2022Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	16102023	shares
CY2022Q2	us-gaap	Cash Cash	539000	USD
CY2022Q1	us-gaap	Cash Cash	1359000	USD
CY2021Q2	us-gaap	Cash Cash	556000	USD
CY2022Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	13326000	USD
CY2022Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	17769000	USD
CY2021Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	14334000	USD
CY2022Q2	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	85000	USD
CY2022Q1	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	118000	USD
CY2021Q2	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	39000	USD
CY2022Q2	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	135000	USD
CY2022Q1	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	152000	USD
CY2021Q2	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	85000	USD
CY2022Q2	us-gaap	Inventory Net InventoryNet	66297000	USD
CY2022Q1	us-gaap	Inventory Net InventoryNet	47373000	USD
CY2021Q2	us-gaap	Inventory Net InventoryNet	42875000	USD
CY2022Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2156000	USD
CY2022Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2076000	USD
CY2021Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2099000	USD
CY2022Q2	us-gaap	Assets Current AssetsCurrent	82538000	USD
CY2022Q1	us-gaap	Assets Current AssetsCurrent	68847000	USD
CY2021Q2	us-gaap	Assets Current AssetsCurrent	59988000	USD
CY2022Q2	us-gaap	Land Land	3731000	USD
CY2022Q1	us-gaap	Land Land	3731000	USD
CY2021Q2	us-gaap	Land Land	3731000	USD
CY2022Q2	us-gaap	Land Improvements LandImprovements	653000	USD
CY2022Q1	us-gaap	Land Improvements LandImprovements	653000	USD
CY2021Q2	us-gaap	Land Improvements LandImprovements	734000	USD
CY2022Q2	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	51375000	USD
CY2022Q1	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	51334000	USD
CY2021Q2	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	51262000	USD
CY2022Q2	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	113901000	USD
CY2022Q1	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	113315000	USD
CY2021Q2	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	111779000	USD
CY2022Q2	us-gaap	Leasehold Improvements Gross LeaseholdImprovementsGross	1009000	USD
CY2022Q1	us-gaap	Leasehold Improvements Gross LeaseholdImprovementsGross	1009000	USD
CY2021Q2	us-gaap	Leasehold Improvements Gross LeaseholdImprovementsGross	989000	USD
CY2022Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	170669000	USD
CY2022Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	170042000	USD
CY2021Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	168495000	USD
CY2022Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	135844000	USD
CY2022Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	134715000	USD
CY2021Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	132392000	USD
CY2022Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	34825000	USD
CY2022Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	35327000	USD
CY2021Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	36103000	USD
CY2022Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	12892000	USD
CY2022Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	13870000	USD
CY2021Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	16682000	USD
CY2022Q2	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	769000	USD
CY2022Q1	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	399000	USD
CY2021Q2	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	12879000	USD
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CY2021Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	12976000	USD
CY2022Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	5055000	USD
CY2022Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	5596000	USD
CY2021Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	4597000	USD
CY2022Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	18905000	USD
CY2022Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	340000	USD
CY2021Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	2990000	USD
CY2022Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	4769000	USD
CY2022Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	4734000	USD
CY2021Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	4715000	USD
CY2022Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	6049000	USD
CY2022Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	5829000	USD
CY2021Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	4364000	USD
CY2022Q2	us-gaap	Liabilities Current LiabilitiesCurrent	54215000	USD
CY2022Q1	us-gaap	Liabilities Current LiabilitiesCurrent	36284000	USD
CY2021Q2	us-gaap	Liabilities Current LiabilitiesCurrent	29642000	USD
CY2022Q2	us-gaap	Self Insurance Reserve Noncurrent SelfInsuranceReserveNoncurrent	1533000	USD
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CY2022Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	14564000	USD
CY2022Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	14173000	USD
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CY2022Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	10297000	USD
CY2022Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	11437000	USD
CY2021Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	14573000	USD
CY2022Q2	us-gaap	Other Accrued Liabilities Noncurrent OtherAccruedLiabilitiesNoncurrent	640000	USD
CY2022Q1	us-gaap	Other Accrued Liabilities Noncurrent OtherAccruedLiabilitiesNoncurrent	639000	USD
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CY2022Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	42442000	USD
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CY2021Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	53172000	USD
CY2022Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
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CY2021Q2	us-gaap	Common Stock Value CommonStockValue	159000	USD
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CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	42750000	USD
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	47446000	USD
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	50858000	USD
CY2022Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	139407000	USD
CY2022Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	126445000	USD
CY2021Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	133672000	USD
CY2022Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	32084000	USD
CY2021Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	28367000	USD
CY2022Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	22377000	USD
CY2021Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	233000	USD
CY2021Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	20679000	USD
CY2022Q2	us-gaap	Gross Profit GrossProfit	9707000	USD
CY2021Q2	us-gaap	Gross Profit GrossProfit	7688000	USD
CY2022Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	14451000	USD
CY2021Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	11983000	USD
CY2022Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-4744000	USD
CY2021Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-4295000	USD
CY2022Q2	us-gaap	Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent	195000	USD
CY2021Q2	us-gaap	Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent	506000	USD
CY2022Q2	us-gaap	Interest Expense InterestExpense	427000	USD
CY2021Q2	us-gaap	Interest Expense InterestExpense	293000	USD
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-5366000	USD
CY2021Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-5094000	USD
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-282000	USD
CY2021Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1185000	USD
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-5084000	USD
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-3909000	USD
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.32
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.25
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.32
CY2021Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.25
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16033000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	15824000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	16033000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	15824000	shares
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-5084000	USD
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-3909000	USD
CY2022Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	0	USD
CY2021Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	116000	USD
CY2022Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-135000	USD
CY2021Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-327000	USD
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-4949000	USD
CY2021Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-3582000	USD
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-5084000	USD
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-3909000	USD
CY2022Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1129000	USD
CY2021Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1151000	USD
CY2022Q2	virc	Noncash Rent Expense NoncashRentExpense	126000	USD
CY2021Q2	virc	Noncash Rent Expense NoncashRentExpense	90000	USD
CY2022Q2	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	15000	USD
CY2021Q2	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	15000	USD
CY2022Q2	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	43000	USD
CY2021Q2	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	0	USD
CY2022Q2	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-370000	USD
CY2021Q2	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-1279000	USD
CY2022Q2	us-gaap	Share Based Compensation ShareBasedCompensation	253000	USD
CY2021Q2	us-gaap	Share Based Compensation ShareBasedCompensation	253000	USD
CY2022Q2	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax	135000	USD
CY2021Q2	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax	443000	USD
CY2022Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-4428000	USD
CY2021Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	4590000	USD
CY2022Q2	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	-33000	USD
CY2021Q2	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	13000	USD
CY2022Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	18924000	USD
CY2021Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	4605000	USD
CY2022Q2	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes	22000	USD
CY2021Q2	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes	120000	USD
CY2022Q2	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	180000	USD
CY2021Q2	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-124000	USD
CY2022Q2	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-340000	USD
CY2021Q2	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	5422000	USD
CY2022Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-18966000	USD
CY2021Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-6958000	USD
CY2022Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	609000	USD
CY2022Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-609000	USD
CY2021Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-233000	USD
CY2022Q2	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	19759000	USD
CY2021Q2	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	8505000	USD
CY2022Q2	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	804000	USD
CY2021Q2	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1160000	USD
CY2022Q2	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	200000	USD
CY2021Q2	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	USD
CY2022Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	18755000	USD
CY2021Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	7345000	USD
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-820000	USD
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	154000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1359000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	402000	USD
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	539000	USD
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	556000	USD
CY2022Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	10099000	USD
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	47446000	USD
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-5084000	USD
CY2022Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	0	USD
CY2022Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-135000	USD
CY2022Q2	virc	Shares Vested And Other During Period Value SharesVestedAndOtherDuringPeriodValue	0	USD
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	253000	USD
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	42750000	USD
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	54187000	USD
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-3909000	USD
CY2021Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	116000	USD
CY2021Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-327000	USD
CY2021Q2	virc	Shares Vested And Other During Period Value SharesVestedAndOtherDuringPeriodValue	0	USD
CY2021Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	253000	USD
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	50858000	USD
CY2022Q2	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	29919000	USD
CY2022Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	16731000	USD
CY2021Q2	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	16887000	USD
CY2022Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	21719000	USD
CY2022Q1	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	14732000	USD
CY2021Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	14630000	USD
CY2022Q2	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	14659000	USD
CY2022Q1	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	15910000	USD
CY2021Q2	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	11358000	USD
CY2022Q2	us-gaap	Inventory Net InventoryNet	66297000	USD
CY2022Q1	us-gaap	Inventory Net InventoryNet	47373000	USD
CY2021Q2	us-gaap	Inventory Net InventoryNet	42875000	USD
CY2022Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	1327000	USD
CY2021Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	1238000	USD
CY2022Q2	us-gaap	Short Term Lease Cost ShortTermLeaseCost	97000	USD
CY2021Q2	us-gaap	Short Term Lease Cost ShortTermLeaseCost	96000	USD
CY2022Q2	us-gaap	Sublease Income SubleaseIncome	10000	USD
CY2021Q2	us-gaap	Sublease Income SubleaseIncome	10000	USD
CY2022Q2	us-gaap	Variable Lease Cost VariableLeaseCost	253000	USD
CY2021Q2	us-gaap	Variable Lease Cost VariableLeaseCost	530000	USD
CY2022Q2	us-gaap	Lease Cost LeaseCost	1667000	USD
CY2021Q2	us-gaap	Lease Cost LeaseCost	1854000	USD
CY2022Q2	us-gaap	Payments For Rent PaymentsForRent	1454000	USD
CY2021Q2	us-gaap	Payments For Rent PaymentsForRent	1328000	USD
CY2022Q2	us-gaap	Capital Lease Obligations Incurred CapitalLeaseObligationsIncurred	98000	USD
CY2021Q2	us-gaap	Capital Lease Obligations Incurred CapitalLeaseObligationsIncurred	165000	USD
CY2022Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y10M24D
CY2021Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P3Y9M18D
CY2022Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0638
CY2021Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0640
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	4194000	USD
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	5511000	USD
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	5508000	USD
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	1382000	USD
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	0	USD
CY2022Q2	virc	Lessee Operating Lease Liability Payments Due After Year Four LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour	0	USD
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	16595000	USD
CY2022Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	4769000	USD
CY2022Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	10297000	USD
CY2022Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	15066000	USD
CY2022Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	1529000	USD
CY2021Q2	us-gaap	Long Term Debt LongTermDebt	17785000	USD
CY2022Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	18905000	USD
CY2022Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	340000	USD
CY2022Q2	us-gaap	Long Term Debt LongTermDebt	33469000	USD
CY2022Q1	us-gaap	Long Term Debt LongTermDebt	14513000	USD
CY2021Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	2990000	USD
CY2022Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	14564000	USD
CY2022Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	14173000	USD
CY2021Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	14795000	USD
CY2022Q2	us-gaap	Line Of Credit Facility Maximum Amount Outstanding During Period LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod	3000000	USD
CY2022Q2	virc	Line Of Credit Facility Borrowing Capacity Term LineOfCreditFacilityBorrowingCapacityTerm	15000000	USD
CY2022Q2	virc	Lineof Credit Facility Periodfor Reduced Borrowingsduring Fourth Quarterof Each Fiscal Year LineofCreditFacilityPeriodforReducedBorrowingsduringFourthQuarterofEachFiscalYear	P30D
CY2022Q2	us-gaap	Line Of Credit Facility Unused Capacity Commitment Fee Percentage LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage	0.00375
CY2022Q1	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	11412000	USD
CY2021Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	996000	USD
CY2022Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.053
CY2021Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.233
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-5084000	USD
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-3909000	USD
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16033000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	15824000	shares
CY2022Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2021Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	16033000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	15824000	shares
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.32
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.25
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.32
CY2021Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.25
CY2022Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	169000	shares
CY2021Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	155000	shares
CY2022Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	600000	USD
CY2021Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	700000	USD
CY2022Q2	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	34000	USD
CY2021Q2	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	43000	USD
CY2022Q2	us-gaap	Product Warranty Expense ProductWarrantyExpense	34000	USD
CY2021Q2	us-gaap	Product Warranty Expense ProductWarrantyExpense	43000	USD
CY2022Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	600000	USD
CY2021Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	700000	USD
CY2022Q2	us-gaap	Loss Contingency Disclosures LossContingencyDisclosures	Contingencies<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has a self-insured retention for product losses up to $250,000 per occurrence, workers’ compensation liability losses up to $250,000 per occurrence, general liability losses up to $50,000 per occurrence and automobile liability losses up to $50,000 per occurrence. The Company has purchased insurance to cover losses in excess of the self-insurance retention or deductible up to a limit of $30,000,000. The Company has obtained an actuarial estimate of its total expected future losses for liability claims and recorded a liability equal to the net present value.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company and its subsidiaries are defendants in various legal proceedings resulting from operations in the normal course of business. It is the opinion of management, in consultation with legal counsel, that the ultimate outcome of all such matters will not materially affect the Company’s financial position, results of operations or cash flows.</span></div>
CY2022Q2	virc	Shipping And Classroom Delivery Costs ShippingAndClassroomDeliveryCosts	3254000	USD
CY2021Q2	virc	Shipping And Classroom Delivery Costs ShippingAndClassroomDeliveryCosts	2921000	USD

Files In Submission

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virc-20220430_pre.xml	Edgar Link	unprocessable

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$VIRC
VIRCO MFG CORPORATION Stock $virc

2022 Q2 Form 10-Q Financial Statement

#000162828022016776 Filed on June 10, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VIRC VIRCO MFG CORPORATION Stock $virc

2022 Q2 Form 10-Q Financial Statement

#000162828022016776 Filed on June 10, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VIRC
VIRCO MFG CORPORATION Stock $virc