2023 Q1 Form 10-K Financial Statement

#000117184323001837 Filed on March 22, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $4.484M $4.091M $17.78M
YoY Change -73.06% -73.12% -68.7%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.204M $4.212M $15.17M
YoY Change 16.29% 21.91% 21.21%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $51.00K $45.00K $193.0K
YoY Change -13.56% -60.87% -77.43%
% of Gross Profit
Operating Expenses $4.255M $4.257M $15.36M
YoY Change 15.81% 2.7% 10.16%
Operating Profit $229.0K $2.419M
YoY Change -73.8% 12.09%
Interest Expense $1.000K -$48.00K $8.000K
YoY Change -66.67% -2500.0% -84.31%
% of Operating Profit 0.44% 0.33%
Other Income/Expense, Net -$19.00K $0.00 $156.0K
YoY Change 111.11% -95.1%
Pretax Income $210.0K -$214.0K $2.575M
YoY Change -75.72% -241.72% -51.79%
Income Tax $51.00K -$196.0K -$954.0K
% Of Pretax Income 24.29% -37.05%
Net Earnings $159.0K -$18.00K $3.529M
YoY Change -78.48% -178.26% -21.89%
Net Earnings / Revenue 3.55% -0.44% 19.85%
Basic Earnings Per Share $0.03 $0.68
Diluted Earnings Per Share $0.03 $0.00 $0.68
COMMON SHARES
Basic Shares Outstanding 5.157M 5.157M 5.157K
Diluted Shares Outstanding 5.157K 5.157K

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.86M $12.00M $12.00M
YoY Change 15.2% 17.04% 17.04%
Cash & Equivalents $10.86M $12.00M
Short-Term Investments
Other Short-Term Assets $300.0K $181.0K $181.0K
YoY Change 57.89% 98.9% 98.9%
Inventory
Prepaid Expenses
Receivables $9.713M $9.467M $9.467M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $20.87M $21.65M $21.65M
YoY Change 8.87% 12.74% 12.74%
LONG-TERM ASSETS
Property, Plant & Equipment $344.0K $307.0K $4.010M
YoY Change 142.25% 82.74% 89.87%
Goodwill $7.547M $7.500M
YoY Change 0.0% -0.62%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $308.0K $322.0K $322.0K
YoY Change 208.0% 228.57% 228.57%
Total Long-Term Assets $20.38M $20.35M $20.35M
YoY Change 12.83% 11.64% 11.64%
TOTAL ASSETS
Total Short-Term Assets $20.87M $21.65M $21.65M
Total Long-Term Assets $20.38M $20.35M $20.35M
Total Assets $41.26M $41.99M $41.99M
YoY Change 10.79% 12.21% 12.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.070M $4.306M $4.306M
YoY Change 19.18% 16.16% 16.16%
Accrued Expenses $471.0K $385.0K $385.0K
YoY Change 0.0% -16.85% -16.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $63.00K $62.00K $62.00K
YoY Change 5.0% -3.13%
Total Short-Term Liabilities $12.38M $13.40M $13.40M
YoY Change 2.37% 4.21% 4.21%
LONG-TERM LIABILITIES
Long-Term Debt $68.00K $85.00K $85.00K
YoY Change -48.09% -40.56%
Other Long-Term Liabilities $3.346M $3.310M $3.310M
YoY Change 170.93% 143.2% 143.2%
Total Long-Term Liabilities $4.394M $4.380M $3.395M
YoY Change 25.19% 23.31% 125.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.38M $13.40M $13.40M
Total Long-Term Liabilities $4.394M $4.380M $3.395M
Total Liabilities $16.78M $17.78M $17.78M
YoY Change 7.5% 8.35% 8.35%
SHAREHOLDERS EQUITY
Retained Earnings -$57.55M -$57.71M
YoY Change -4.87% -5.76%
Common Stock $88.86M $88.84M
YoY Change 0.18% 0.21%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.371M
YoY Change 0.0%
Treasury Stock Shares $1.315M
Shareholders Equity $24.48M $24.21M $24.21M
YoY Change
Total Liabilities & Shareholders Equity $41.26M $41.99M $41.99M
YoY Change 10.79% 12.21% 12.21%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $159.0K -$18.00K $3.529M
YoY Change -78.48% -178.26% -21.89%
Depreciation, Depletion And Amortization $51.00K $45.00K $193.0K
YoY Change -13.56% -60.87% -77.43%
Cash From Operating Activities -$1.135M $1.281M $2.519M
YoY Change 67.4% -54.15% -54.5%
INVESTING ACTIVITIES
Capital Expenditures $73.00K $172.0K $268.0K
YoY Change 386.67% -5833.33% 1310.53%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$73.00K -$172.0K -$268.0K
YoY Change 386.67% 5633.33% 1310.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -$15.00K -17.00K -$62.00K
YoY Change -11.76% 54.55% -92.12%
NET CHANGE
Cash From Operating Activities -$1.135M 1.281M $2.519M
Cash From Investing Activities -$73.00K -172.0K -$268.0K
Cash From Financing Activities -$15.00K -17.00K -$62.00K
Net Change In Cash -$1.137M 1.092M $1.747M
YoY Change 38.15% -60.72% -62.79%
FREE CASH FLOW
Cash From Operating Activities -$1.135M $1.281M $2.519M
Capital Expenditures $73.00K $172.0K $268.0K
Free Cash Flow -$1.208M $1.109M $2.251M
YoY Change 74.31% -60.35% -59.2%

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CY2021 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
1753000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-470000 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-326000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-211000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
481000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
515000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
917000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2519000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5536000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
268000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-268000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-19000 usd
CY2022 whlm Proceeds From Shareholder Short Swing Profit Disgorgement
ProceedsFromShareholderShortSwingProfitDisgorgement
0 usd
CY2021 whlm Proceeds From Shareholder Short Swing Profit Disgorgement
ProceedsFromShareholderShortSwingProfitDisgorgement
32000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
62000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
76000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
-0 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
743000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-62000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-787000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-442000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-35000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1747000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4695000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10251000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5556000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
11998000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10251000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
23000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
268000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
198000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1994000 usd
CY2021 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
2100000 usd
CY2022 us-gaap Depreciation
Depreciation
100000 usd
CY2021 us-gaap Depreciation
Depreciation
800000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
100000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y1M6D
CY2022 us-gaap Basis Of Accounting
BasisOfAccounting
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Note <em style="font: inherit;">1.</em></b>  <b>Business Activity</b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><i>Overview</i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">The primary business of Wilhelmina International, Inc. and its subsidiaries (collectively, “Wilhelmina” or the “Company”) is fashion model management. These business operations are headquartered in New York City. The Company’s predecessor was founded in <em style="font: inherit;">1967</em> by Wilhelmina Cooper, a renowned fashion model, and became <em style="font: inherit;">one</em> of the oldest, best known and largest fashion model management companies in the world. Since its founding, Wilhelmina has grown to include operations located in Los Angeles, Miami, and London, as well as a network of licensees. Wilhelmina provides traditional, full-service fashion model and talent management services, specializing in the representation and management of models, entertainers, athletes and other talent, to various clients, including retailers, designers, advertising agencies, print and electronic media and catalog companies.</p>
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1900000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
800000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><i>Use of Estimates</i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 27pt;">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates that affect the amounts reported in the consolidated financial statements and the accompanying notes. Accounting estimates and assumptions discussed herein are those that management considers to be the most critical to an understanding of the consolidated financial statements because they inherently involve significant judgments and uncertainties. Estimates are used for, but <em style="font: inherit;">not</em> limited to revenue recognition, allowance for doubtful accounts, useful lives for depreciation and amortization, income taxes, the assumptions used for share-based compensation, and impairments of goodwill and intangible assets. All of these estimates reflect management’s judgment about current economic and market conditions and their effects based on information available as of the date of these consolidated financial statements. If such conditions persist longer or deteriorate further than expected, it is reasonably possible that the judgments and estimates could change, which <em style="font: inherit;"> may </em>result in future impairments of assets among other effects.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12000000.0 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
1700000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
200000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><i>Concentrations of Credit Risk</i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">The balance sheet items that potentially subject the Company to concentrations of credit risk are primarily cash and cash equivalents and accounts receivable.  The Company maintains its cash balances in several different financial institutions in New York, Los Angeles, Miami, and London. Balances in accounts other than “noninterest-bearing transaction accounts” are insured up to Federal Deposit Insurance Corporation (“FDIC”) limits of $250 thousand per institution. At <em style="font: inherit;"> December 31, 2022, </em>the Company had cash balances in excess of FDIC insurance coverage of approximately $7.1 million. Balances in London accounts are covered by Financial Services Compensation Scheme (“FSCS”) limits of <span style="-sec-ix-hidden:c95601616">£75</span> thousand or approximately $0.1 million per institution. At <em style="font: inherit;"> December 31, 2022, </em>the Company had cash balances in excess of FSCS coverage of approximately $3.7 million. Concentrations of credit risk with accounts receivable are mitigated by the Company’s large number of clients and their dispersion across different industries and geographical areas. The Company performs ongoing credit evaluations of its clients and maintains an allowance for doubtful accounts based upon the expected collectability of all accounts receivable.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2022Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2022Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
7100000 usd
CY2022Q4 whlm Cash Fscs Insured Amount
CashFSCSInsuredAmount
100000 usd
CY2022Q4 whlm Cash Uninsured Amount Fscs
CashUninsuredAmountFSCS
3700000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1523000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
7500000 usd
CY2022Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
8500000 usd
CY2022 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><i>Contract Liabilities</i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">We record deferred revenue, which is a contract liability, when we have entered into a contract with a customer and cash payments are received prior to satisfaction of the related performance obligation.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2022 us-gaap Advertising Expense
AdvertisingExpense
22000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
11000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4262000 usd
CY2018Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
100000
CY2018Q4 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
50000
CY2020Q2 whlm Proceeds From Parent Paycheck Protection Program Under Cares Act
ProceedsFromParentPaycheckProtectionProgramUnderCaresAct
128000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1216000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4094000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
307000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
168000 usd
CY2022 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
3000000.0 usd
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y6M
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.056 pure
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.048 pure
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
64000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
77000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
9000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
608000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
629000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
353000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
279000 usd
CY2022 whlm Finance Lease Principal And Interest Payment
FinanceLeasePrincipalAndInterestPayment
68000 usd
CY2021 whlm Finance Lease Principal And Interest Payment
FinanceLeasePrincipalAndInterestPayment
87000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
523000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
580000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
58000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2341000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1749000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
586000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
68000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
723000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
63000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
801000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
13000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
813000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
11000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
478000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1081000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4482000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
155000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
767000 usd
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
8000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
3715000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
147000 usd
CY2022Q4 whlm Lessee Liability Payments Due Next Twelve Months
LesseeLiabilityPaymentsDueNextTwelveMonths
803000 usd
CY2022Q4 whlm Lessee Liability Payments Due Year Two
LesseeLiabilityPaymentsDueYearTwo
818000 usd
CY2022Q4 whlm Lessee Liability Payments Due Year Three
LesseeLiabilityPaymentsDueYearThree
814000 usd
CY2022Q4 whlm Lessee Liability Payments Due Year Four
LesseeLiabilityPaymentsDueYearFour
825000 usd
CY2022Q4 whlm Lessee Liability Payments Due Year Five
LesseeLiabilityPaymentsDueYearFive
479000 usd
CY2022Q4 whlm Lessee Liability Payments Due After Year Five
LesseeLiabilityPaymentsDueAfterYearFive
1081000 usd
CY2022Q4 whlm Lessee Liability Payments Due
LesseeLiabilityPaymentsDue
4820000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
1000000.0 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
900000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
62000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-0 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
47000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
34000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-0 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
190000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
109000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
224000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1057000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
552000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-6000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
47000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1063000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
599000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-954000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
823000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
540000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1122000 usd
CY2022 whlm Income Tax Rate Reconciliation Permanent And Other Deductions
IncomeTaxRateReconciliationPermanentAndOtherDeductions
12000 usd
CY2021 whlm Income Tax Rate Reconciliation Permanent And Other Deductions
IncomeTaxRateReconciliationPermanentAndOtherDeductions
-419000 usd
CY2022 whlm Income Tax Reconciliation Global Intangible Lowtaxed Income
IncomeTaxReconciliationGlobalIntangibleLowtaxedIncome
80000 usd
CY2021 whlm Income Tax Reconciliation Global Intangible Lowtaxed Income
IncomeTaxReconciliationGlobalIntangibleLowtaxedIncome
204000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-196000 usd
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-156000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
104000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
119000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-0 usd
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-55000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1494000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
8000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-954000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
823000 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.349 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.154 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.349 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.154 pure
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1500000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1500000 usd
CY2022 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
1500000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
63000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
293000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
474000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
495000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
573000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
552000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
82000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
78000 usd
CY2022Q4 whlm Deferred Tax Assets Lease Lability
DeferredTaxAssetsLeaseLability
1008000 usd
CY2021Q4 whlm Deferred Tax Assets Lease Lability
DeferredTaxAssetsLeaseLability
493000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
117000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
66000 usd
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
11000 usd
CY2021Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
20000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
-0 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1494000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2328000 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
503000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
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CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
39000 usd
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971000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
469000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other Finite Lived Assets
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1183000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Other Finite Lived Assets
DeferredTaxLiabilitiesOtherFiniteLivedAssets
1183000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
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395000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
340000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
687000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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520000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
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3313000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2551000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
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985000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
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2048000 usd
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0.35 pure
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EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
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500000
CY2013Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
1000000
CY2016 whlm Stock Repurchase Program Additional Shares Authorized
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500000
CY2016Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
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1500000
us-gaap Treasury Stock Shares Acquired
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1314694
us-gaap Treasury Stock Acquired Average Cost Per Share
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4.85
us-gaap Treasury Stock Value Acquired Cost Method
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6400000 usd
CY2022 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2022Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
185306
CY2021Q2 whlm Adjustments To Additional Paid In Capital Short Swing Profit Disgorgement
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32000 usd
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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60000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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6.93
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120000
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5.43
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0
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-0
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-0
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180000
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0
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0
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0
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-0
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-0
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180000
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5.93
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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98500
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3.1
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0 pure
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0.689 pure
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0.013 pure
CY2022Q4 us-gaap Share Price
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CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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0 usd
CY2021Q4 whlm Unauthorized Transfers Of Funds
UnauthorizedTransfersOfFunds
700000 usd
CY2021Q4 us-gaap Professional Fees
ProfessionalFees
10000 usd
CY2021Q4 whlm Recoverable From Unauthorized Transfers Of Funds Amount
RecoverableFromUnauthorizedTransfersOfFundsAmount
600000 usd

Files In Submission

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0001171843-23-001837-index-headers.html Edgar Link pending
0001171843-23-001837-index.html Edgar Link pending
0001171843-23-001837.txt Edgar Link pending
0001171843-23-001837-xbrl.zip Edgar Link pending
ex_487294.htm Edgar Link pending
ex_487295.htm Edgar Link pending
ex_489472.htm Edgar Link pending
ex_489473.htm Edgar Link pending
ex_489478.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
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whlm-20221231.xsd Edgar Link pending
whlm20221231b_10k.htm Edgar Link pending
whlm-20221231_cal.xml Edgar Link unprocessable
whlm-20221231_def.xml Edgar Link unprocessable
whlm-20221231_pre.xml Edgar Link unprocessable
whlm-20221231_lab.xml Edgar Link unprocessable
whlm20221231b_10k_htm.xml Edgar Link completed
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