2023 Q4 Form 10-Q Financial Statement
#000010359523000016 Filed on December 06, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 |
---|---|---|
Revenue | $536.4M | $553.8M |
YoY Change | 3.21% | 4.99% |
Cost Of Revenue | $383.4M | $392.7M |
YoY Change | 3.51% | 3.56% |
Gross Profit | $152.9M | $161.1M |
YoY Change | 2.45% | 8.64% |
Gross Profit Margin | 28.52% | 29.09% |
Selling, General & Admin | $130.3M | $132.5M |
YoY Change | 3.77% | 8.54% |
% of Gross Profit | 85.19% | 82.25% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $8.967M | $8.800M |
YoY Change | 0.19% | 1.79% |
% of Gross Profit | 5.86% | 5.46% |
Operating Expenses | $138.8M | $140.9M |
YoY Change | 3.5% | 8.16% |
Operating Profit | $14.15M | $20.20M |
YoY Change | -6.76% | 12.15% |
Interest Expense | $1.064M | $2.500M |
YoY Change | -2.12% | 1101.92% |
% of Operating Profit | 7.52% | 12.38% |
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $16.91M | $22.70M |
YoY Change | 5.32% | 24.59% |
Income Tax | $5.326M | $7.400M |
% Of Pretax Income | 31.49% | 32.6% |
Net Earnings | $11.59M | $14.70M |
YoY Change | 4.55% | 16.64% |
Net Earnings / Revenue | 2.16% | 2.65% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | $0.60 | $1.02 |
COMMON SHARES | ||
Basic Shares Outstanding | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $134.8M | $140.9M |
YoY Change | 13.02% | 4.5% |
Cash & Equivalents | $134.8M | $140.9M |
Short-Term Investments | ||
Other Short-Term Assets | $17.68M | $17.31M |
YoY Change | -2.44% | -0.76% |
Inventory | $47.49M | $44.52M |
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $249.5M | $246.7M |
YoY Change | 22.7% | 3.67% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $281.6M | $277.3M |
YoY Change | 5.14% | -50.36% |
Goodwill | $24.19M | $24.19M |
YoY Change | 0.0% | 0.0% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | $14.97M | $13.16M |
YoY Change | 77.39% | 83.68% |
Other Assets | $40.41M | $36.40M |
YoY Change | 4.55% | 5.99% |
Total Long-Term Assets | $727.2M | $721.0M |
YoY Change | -2.78% | 5.03% |
TOTAL ASSETS | ||
Total Short-Term Assets | $249.5M | $246.7M |
Total Long-Term Assets | $727.2M | $721.0M |
Total Assets | $976.7M | $967.7M |
YoY Change | 2.67% | 4.68% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $116.1M | $108.4M |
YoY Change | 44.1% | 40.71% |
Accrued Expenses | $49.37M | $50.20M |
YoY Change | 4.83% | 5.52% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $754.0K | $700.0K |
YoY Change | -36.48% | -38.27% |
Long-Term Debt Due | $9.370M | $9.370M |
YoY Change | 5.34% | 25.5% |
Total Short-Term Liabilities | $183.2M | $179.0M |
YoY Change | 6.35% | 13.15% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $70.04M | $72.43M |
YoY Change | -3.79% | -19.29% |
Other Long-Term Liabilities | $282.3M | $283.8M |
YoY Change | -5.89% | -6.78% |
Total Long-Term Liabilities | $70.04M | $72.43M |
YoY Change | -3.79% | -81.63% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $183.2M | $179.0M |
Total Long-Term Liabilities | $70.04M | $72.43M |
Total Liabilities | $253.2M | $251.4M |
YoY Change | 3.34% | -54.48% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $351.7M | $343.5M |
YoY Change | 11.73% | 11.9% |
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $419.2M | $410.2M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $976.7M | $967.7M |
YoY Change | 2.67% | 4.68% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $11.59M | $14.70M |
YoY Change | 4.55% | 16.64% |
Depreciation, Depletion And Amortization | $8.967M | $8.800M |
YoY Change | 0.19% | 1.79% |
Cash From Operating Activities | $18.38M | $36.30M |
YoY Change | -16.53% | 30.0% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $13.77M | $10.70M |
YoY Change | 40.35% | -266.25% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$3.913M | -$3.500M |
YoY Change | -87.84% | 193.87% |
Cash From Investing Activities | -$17.69M | -$14.20M |
YoY Change | -57.88% | 86.18% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | $3.350M | |
YoY Change | 3.01% | |
Common Stock Issuance & Retirement, Net | $782.0K | |
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$6.830M | -5.700M |
YoY Change | -255.76% | 5.97% |
NET CHANGE | ||
Cash From Operating Activities | $18.38M | 36.30M |
Cash From Investing Activities | -$17.69M | -14.20M |
Cash From Financing Activities | -$6.830M | -5.700M |
Net Change In Cash | -$6.137M | 16.40M |
YoY Change | -60.62% | 9.94% |
FREE CASH FLOW | ||
Cash From Operating Activities | $18.38M | $36.30M |
Capital Expenditures | $13.77M | $10.70M |
Free Cash Flow | $4.606M | $25.60M |
YoY Change | -62.26% | -25.49% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q4 | us-gaap |
Interest Expense
InterestExpense
|
1064000 | usd |
CY2022Q4 | us-gaap |
Interest Expense
InterestExpense
|
1087000 | usd |
CY2023Q4 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
782000 | usd |
CY2023Q4 | us-gaap |
Stock Granted During Period Value Sharebased Compensation Forfeited
StockGrantedDuringPeriodValueSharebasedCompensationForfeited
|
28000 | usd |
CY2023Q4 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
952000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
419245000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
372109000 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
11081000 | usd |
CY2022Q4 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
1199000 | usd |
CY2022Q4 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
2669000 | usd |
CY2022Q4 | us-gaap |
Dividends
Dividends
|
3252000 | usd |
CY2022Q4 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
608000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
383215000 | usd |
CY2023Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
11585000 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
11081000 | usd |
CY2023Q4 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
8967000 | usd |
CY2022Q4 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
8950000 | usd |
CY2023Q4 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
924000 | usd |
CY2022Q4 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
608000 | usd |
CY2023Q4 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-207000 | usd |
CY2022Q4 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
103000 | usd |
CY2023Q4 | us-gaap |
Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
|
466000 | usd |
CY2022Q4 | us-gaap |
Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
|
538000 | usd |
CY2023Q4 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
39000 | usd |
CY2022Q4 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
17000 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
3443000 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
4893000 | usd |
CY2023Q4 | vlgea |
Change In Patronage Dividend Receivable
ChangeInPatronageDividendReceivable
|
4849000 | usd |
CY2022Q4 | vlgea |
Change In Patronage Dividend Receivable
ChangeInPatronageDividendReceivable
|
4745000 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
4216000 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
3760000 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
3954000 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
3389000 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
-1420000 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
-697000 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
-2602000 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
4492000 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-827000 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
550000 | usd |
CY2023Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
18379000 | usd |
CY2022Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
22019000 | usd |
CY2023Q4 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
13773000 | usd |
CY2022Q4 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
9813000 | usd |
CY2023Q4 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
39000 | usd |
CY2022Q4 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
17000 | usd |
CY2023Q4 | us-gaap |
Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
|
-2139000 | usd |
CY2022Q4 | us-gaap |
Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
|
-59767000 | usd |
CY2023Q4 | us-gaap |
Proceeds From Sale Maturity And Collection Of Longterm Investments
ProceedsFromSaleMaturityAndCollectionOfLongtermInvestments
|
0 | usd |
CY2022Q4 | us-gaap |
Proceeds From Sale Maturity And Collection Of Longterm Investments
ProceedsFromSaleMaturityAndCollectionOfLongtermInvestments
|
28850000 | usd |
CY2023Q4 | us-gaap |
Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
|
1813000 | usd |
CY2022Q4 | us-gaap |
Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
|
1276000 | usd |
CY2023Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-17686000 | usd |
CY2022Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-41989000 | usd |
CY2023Q4 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
0 | usd |
CY2022Q4 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
10000000 | usd |
CY2023Q4 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
2698000 | usd |
CY2022Q4 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
2352000 | usd |
CY2023Q4 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | usd |
CY2022Q4 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
11000 | usd |
CY2023Q4 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
3350000 | usd |
CY2022Q4 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
3252000 | usd |
CY2023Q4 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
782000 | usd |
CY2022Q4 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd |
CY2023Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-6830000 | usd |
CY2022Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4385000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-6137000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-15585000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
140910000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
134832000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
134773000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
119247000 | usd |
CY2023Q4 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1064000 | usd |
CY2022Q4 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1087000 | usd |
CY2023Q4 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
8135000 | usd |
CY2022Q4 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
380000 | usd |
CY2023Q4 | us-gaap |
Notes Issued1
NotesIssued1
|
38000 | usd |
CY2022Q4 | us-gaap |
Notes Issued1
NotesIssued1
|
0 | usd |
CY2023Q4 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
5086000 | usd |
CY2022Q4 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
5427000 | usd |
CY2023Q4 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
908000 | usd |
CY2022Q4 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | usd |
CY2023Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
536354000 | usd |
CY2023Q4 | vlgea |
Percentageof Total Sales
PercentageofTotalSales
|
1.000 | |
CY2022Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
519689000 | usd |
CY2022Q4 | vlgea |
Percentageof Total Sales
PercentageofTotalSales
|
1.000 | |
CY2023Q4 | us-gaap |
Percentage Of Lifo Inventory
PercentageOfLIFOInventory
|
0.63 | |
CY2023Q3 | us-gaap |
Percentage Of Lifo Inventory
PercentageOfLIFOInventory
|
0.64 | |
CY2023Q4 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
21704000 | usd |
CY2023Q3 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
21238000 | usd |
CY2023Q4 | vlgea |
Numberof Classesof Common Stock
NumberofClassesofCommonStock
|
2 | class |
CY2023Q4 | vlgea |
Dividends Common Stock Cash Percent Class Ais Entitled Greaterthan Class B
DividendsCommonStockCashPercentClassAisEntitledGreaterthanClassB
|
0.54 | |
CY2023Q4 | vlgea |
Dividends Common Stock Cash Percent Class Ais Entitled Greaterthan Class B
DividendsCommonStockCashPercentClassAisEntitledGreaterthanClassB
|
0.54 | |
CY2023Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
11585000 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
11081000 | usd |
CY2023Q4 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
440000 | usd |
CY2022Q4 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
304000 | usd |
CY2023Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
11145000 | usd |
CY2022Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
10777000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
79409000 | usd |
CY2023Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
81796000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
9370000 | usd |
CY2023Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
9370000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
70039000 | usd |
CY2023Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
72426000 | usd |
CY2020Q3 | vlgea |
Debt Instrument Collateral Number Of Stores
DebtInstrumentCollateralNumberOfStores
|
3 | store |
CY2017Q4 | us-gaap |
Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
|
4835000 | usd |
CY2017Q4 | vlgea |
Interest On Unrelated Party Note Receivable Percentage
InterestOnUnrelatedPartyNoteReceivablePercentage
|
0.01403 | |
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 | |
CY2023Q4 | us-gaap |
Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
|
5 | swap |