2021 Q4 Form 10-Q Financial Statement

#000010359521000018 Filed on December 08, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q4
Revenue $494.2M $490.1M
YoY Change 0.83% 20.31%
Cost Of Revenue $354.0M $352.2M
YoY Change 0.53% 19.85%
Gross Profit $140.2M $138.0M
YoY Change 1.61% 21.5%
Gross Profit Margin 28.36% 28.15%
Selling, General & Admin $121.3M $124.4M
YoY Change -2.51% 20.66%
% of Gross Profit 86.52% 90.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.712M $9.072M
YoY Change -3.97% 21.97%
% of Gross Profit 6.21% 6.58%
Operating Expenses $129.6M $133.1M
YoY Change -2.62% 20.45%
Operating Profit $10.56M $4.886M
YoY Change 116.17% 64.62%
Interest Expense $970.0K $987.0K
YoY Change -1.72% 74.07%
% of Operating Profit 9.18% 20.2%
Other Income/Expense, Net
YoY Change
Pretax Income $10.57M $4.790M
YoY Change 120.63% 30.87%
Income Tax $3.240M $1.430M
% Of Pretax Income 30.66% 29.85%
Net Earnings $7.328M $3.360M
YoY Change 118.1% 30.89%
Net Earnings / Revenue 1.48% 0.69%
Basic Earnings Per Share
Diluted Earnings Per Share $397.1K $184.8K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $105.1M $99.60M
YoY Change 5.51% 27.86%
Cash & Equivalents $105.1M $99.60M
Short-Term Investments
Other Short-Term Assets $21.89M $20.59M
YoY Change 6.28% 22.33%
Inventory $46.02M $46.90M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $222.4M $193.5M
YoY Change 14.93% 27.47%
LONG-TERM ASSETS
Property, Plant & Equipment $261.3M $265.2M
YoY Change -1.46% 18.13%
Goodwill $24.19M $24.19M
YoY Change 0.0% 91.23%
Intangibles
YoY Change
Long-Term Investments $33.00M $30.10M
YoY Change 9.65% 4.51%
Other Assets $36.37M $32.40M
YoY Change 12.26% 91.72%
Total Long-Term Assets $665.6M $708.4M
YoY Change -6.03% 64.78%
TOTAL ASSETS
Total Short-Term Assets $222.4M $193.5M
Total Long-Term Assets $665.6M $708.4M
Total Assets $888.0M $901.9M
YoY Change -1.53% 55.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $76.96M $76.90M
YoY Change 0.08% 19.04%
Accrued Expenses $44.94M $40.00M
YoY Change 12.35% 31.58%
Deferred Revenue
YoY Change
Short-Term Debt $629.0K $1.000M
YoY Change -37.1%
Long-Term Debt Due $6.976M $6.976M
YoY Change 0.0% 1295.2%
Total Short-Term Liabilities $154.1M $154.9M
YoY Change -0.56% 28.66%
LONG-TERM LIABILITIES
Long-Term Debt $65.04M $72.19M
YoY Change -9.9% 136.68%
Other Long-Term Liabilities $297.1M $317.4M
YoY Change -6.39% 193.07%
Total Long-Term Liabilities $65.04M $72.19M
YoY Change -9.9% -47.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $154.1M $154.9M
Total Long-Term Liabilities $65.04M $72.19M
Total Liabilities $219.1M $227.1M
YoY Change -3.53% -12.38%
SHAREHOLDERS EQUITY
Retained Earnings $297.2M $286.3M
YoY Change 3.81% 4.65%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $347.0M $333.7M
YoY Change
Total Liabilities & Shareholders Equity $888.0M $901.9M
YoY Change -1.53% 55.04%

Cashflow Statement

Concept 2021 Q4 2020 Q4
OPERATING ACTIVITIES
Net Income $7.328M $3.360M
YoY Change 118.1% 30.89%
Depreciation, Depletion And Amortization $8.712M $9.072M
YoY Change -3.97% 21.97%
Cash From Operating Activities $7.887M -$3.353M
YoY Change -335.22% -199.35%
INVESTING ACTIVITIES
Capital Expenditures $13.34M $3.301M
YoY Change 304.21% -85.23%
Acquisitions
YoY Change
Other Investing Activities -$419.0K -$500.0K
YoY Change -16.2% -37.5%
Cash From Investing Activities -$13.76M -$3.803M
YoY Change 261.87% -83.57%
FINANCING ACTIVITIES
Cash Dividend Paid $3.264M $3.257M
YoY Change 0.21% 1.15%
Common Stock Issuance & Retirement, Net $89.00K $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$5.352M -$4.923M
YoY Change 8.71% 44.37%
NET CHANGE
Cash From Operating Activities $7.887M -$3.353M
Cash From Investing Activities -$13.76M -$3.803M
Cash From Financing Activities -$5.352M -$4.923M
Net Change In Cash -$11.23M -$12.08M
YoY Change -7.05% -47.89%
FREE CASH FLOW
Cash From Operating Activities $7.887M -$3.353M
Capital Expenditures $13.34M $3.301M
Free Cash Flow -$5.456M -$6.654M
YoY Change -18.0% -64.93%

Facts In Submission

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ProceedsFromSaleOfPropertyPlantAndEquipment
65000 USD
CY2021Q4 us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
-592000 USD
CY2020Q4 us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
-567000 USD
CY2021Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13762000 USD
CY2020Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3803000 USD
CY2021Q4 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
CY2020Q4 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
50000000 USD
CY2021Q4 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1999000 USD
CY2020Q4 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1444000 USD
CY2021Q4 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 USD
CY2020Q4 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
50000000 USD
CY2021Q4 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2020Q4 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
222000 USD
CY2021Q4 us-gaap Payments Of Dividends
PaymentsOfDividends
3264000 USD
CY2020Q4 us-gaap Payments Of Dividends
PaymentsOfDividends
3257000 USD
CY2021Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
89000 USD
CY2020Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2021Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5352000 USD
CY2020Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4923000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-11227000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12079000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
116314000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
111681000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
105087000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
99602000 USD
CY2021Q4 us-gaap Interest Paid Net
InterestPaidNet
970000 USD
CY2020Q4 us-gaap Interest Paid Net
InterestPaidNet
987000 USD
CY2021Q4 us-gaap Income Taxes Paid
IncomeTaxesPaid
5050000 USD
CY2020Q4 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2021Q4 us-gaap Notes Issued1
NotesIssued1
0 USD
CY2020Q4 us-gaap Notes Issued1
NotesIssued1
670000 USD
CY2021Q4 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3693000 USD
CY2020Q4 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4951000 USD
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
494211000 USD
CY2021Q4 vlgea Percentageof Total Sales
PercentageofTotalSales
1.000
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
490136000 USD
CY2020Q4 vlgea Percentageof Total Sales
PercentageofTotalSales
1.000
CY2021Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.62
CY2021Q3 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.62
CY2021Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
15571000 USD
CY2021Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
15321000 USD
CY2021Q4 vlgea Numberof Classesof Common Stock
NumberofClassesofCommonStock
2 class_common_stock
CY2021Q4 vlgea Dividends Common Stock Cash Percent Class Ais Entitled Greaterthan Class B
DividendsCommonStockCashPercentClassAisEntitledGreaterthanClassB
0.54
CY2021Q4 vlgea Dividends Common Stock Cash Percent Class Ais Entitled Greaterthan Class B
DividendsCommonStockCashPercentClassAisEntitledGreaterthanClassB
0.54
CY2021Q4 vlgea Numberof Defined Benefit Pension Plans
NumberofDefinedBenefitPensionPlans
3 defined_benefit_pension_plan
CY2021Q4 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
47000 USD
CY2020Q4 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
54000 USD
CY2021Q4 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
420000 USD
CY2020Q4 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
422000 USD
CY2021Q4 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
409000 USD
CY2020Q4 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
483000 USD
CY2021Q4 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-126000 USD
CY2020Q4 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-147000 USD
CY2021Q4 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
184000 USD
CY2020Q4 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
140000 USD
CY2021Q4 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
0 USD
CY2017Q4 vlgea Third Party Contributionto Investment Fund
ThirdPartyContributiontoInvestmentFund
2375000 USD
CY2017Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
6563000 USD
CY2017Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.01000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
72017000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
73803000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
6976000 USD
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
6976000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
65041000 USD
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
66827000 USD
CY2017Q4 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
4835000 USD
CY2017Q4 vlgea Interest On Unrelated Party Note Receivable Percentage
InterestOnUnrelatedPartyNoteReceivablePercentage
0.01403
CY2021Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-2241000 USD

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