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Key Figures

Income Statements

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update)
Net Sales 196.02 196.96 212.36 211.52 232.22
Revenue 196.02 196.96 212.36 211.52 232.22
Other Revenue -- -- -- -- --
Other Revenue, Total -- -- -- -- --
Total Revenue 196.02 196.96 212.36 211.52 232.22
Cost of Revenue 160.69 172.42 184.86 157.19 193.94
Cost of Revenue, Total 160.69 172.42 184.86 157.19 193.94
Gross Profit 35.33 24.54 27.50 54.33 38.28
Selling/General/Administrative Expense 16.41 36.67 25.36 5.74 31.90
Selling/General/Administrative Expenses, Total 16.41 36.67 25.36 5.74 31.90
Depreciation 8.95 4.67 4.33 5.09 4.77
Depreciation/Amortization 8.95 4.67 4.33 5.09 4.77
Impairment-Assets Held for Use 0.20 0.16 19.99 -- --
Unusual Expense (Income) 0.20 0.16 19.99 -- --
Other Operating Expense -- -- -- 39.96 --
Other, Net -2.55 -3.08 -4.19 -8.75 -5.98
Other Operating Expenses, Total -2.55 -3.08 -4.19 31.21 -5.98
Total Operating Expense 183.71 210.85 230.36 199.24 224.63
Operating Income 12.31 -13.89 -18.00 12.28 7.60
Interest Expense - Non-Operating -1.53 -1.54 -1.38 -1.53 -1.15
Interest Expense, Net Non-Operating -1.53 -1.54 -1.38 -1.53 -1.15
Interest Income, Non-Operating 0.03 0.08 0.26 0.76 0.05
Investment Income, Non-Operating 0.32 1.60 -3.40 0.09 6.50
Interest/Investment Income, Non-Operating 0.34 1.68 -3.14 0.86 6.55
Interest Income (Expense), Net-Non-Operating, Total -1.18 0.14 -4.52 -0.67 5.40
Other Non-Operating Income (Expense) -0.42 -1.59 -0.58 -0.34 -0.18
Other, Net -0.42 -1.59 -0.58 -0.34 -0.18
Net Income Before Taxes 10.71 -15.33 -23.09 11.27 12.82
Income Tax – Total 3.20 3.12 8.68 4.79 6.70
Income After Tax 7.51 -18.45 -31.77 6.48 6.12
Minority Interest -- 0.00 0.00 0.00 --
Net Income Before Extraordinary Items 7.51 -18.45 -31.77 6.49 6.12
Net Income 7.51 -18.45 -31.77 6.49 6.12
Miscellaneous Earnings Adjustment -- -- -- -- --
Total Adjustments to Net Income -- -- -- -- --
Income Available to Common Excluding Extraordinary Items 7.51 -18.45 -31.77 6.49 6.12
Income Available to Common Stocks Including Extraordinary Items 7.51 -18.45 -31.77 6.49 6.12
Basic Weighted Average Shares 94.21 79.08 82.67 82.70 82.73
Basic EPS Excluding Extraordinary Items 0.08 -0.23 -0.38 0.08 0.07
Basic EPS Including Extraordinary Items 0.08 -0.23 -0.38 0.08 0.07
Diluted Net Income 7.51 -18.45 -31.77 6.49 6.12
Diluted Weighted Average Shares 94.21 79.08 82.67 82.70 82.73
Diluted EPS Excluding Extraordinary Items 0.08 -0.23 -0.38 0.08 0.07
Diluted EPS Including Extraordinary Items 0.08 -0.23 -0.38 0.08 0.07
DPS - Common Stock Primary Issue 0.00 0.00 0.02 0.04 0.03
Gross Dividends - Common Stock 0.00 0.00 -- -- --
Impairment-Assets Held for Sale, Supplemental -- -- -- -- --
Litigation Charge, Supplemental 0.16 8.31 0.32 0.56 2.97
Restructuring Charge, Supplemental 3.22 5.46 1.49 1.44 0.35
Other Unusual Expense (Income), Supplemental 0.00 4.01 5.80 -- --
Non-Recurring Items, Total 3.38 17.77 7.60 2.00 3.32
Total Special Items 3.58 17.93 27.59 2.00 3.32
Normalized Income Before Taxes 14.29 2.60 4.49 13.28 16.14
Effect of Special Items on Income Taxes 1.07 6.28 9.65 0.85 1.73
Income Taxes Excluding Impact of Special Items 4.26 9.39 18.33 5.64 8.43
Normalized Income After Taxes 10.03 -6.80 -13.84 7.64 7.71
Normalized Income Available to Common 10.03 -6.80 -13.84 7.64 7.71
Basic Normalized EPS 0.11 -0.09 -0.17 0.09 0.09
Diluted Normalized EPS 0.11 -0.09 -0.17 0.09 0.09
Amortization of Intangibles, Supplemental -- -- -- -- --
Depreciation, Supplemental 8.95 4.67 4.33 5.09 4.77
Interest Expense, Supplemental 3.06 1.54 1.38 1.53 1.15
Rental Expense, Supplemental 1.52 6.28 5.11 5.74 5.82
Minority Interest, Supplemental -- 0.00 0.00 0.00 --
Audit-Related Fees, Supplemental 0.75 0.71 0.73 0.75 0.77
Tax Fees, Supplemental 0.07 0.05 0.14 0.15 0.14
All Other Fees Paid to Auditor, Supplemental 0.01 0.02 0.01 0.01 0.05
Gross Margin 18.02 12.46 12.95 25.69 16.48
Operating Margin 6.28 -7.05 -8.48 5.81 3.27
Pretax Margin 5.46 -7.78 -10.87 5.33 5.52
Effective Tax Rate 29.83 -- -- 42.48 52.23
Net Profit Margin 3.83 -9.37 -14.96 3.07 2.64
Normalized EBIT 15.89 4.04 9.59 14.29 10.91
Normalized EBITDA 24.84 8.72 13.92 19.38 15.68
Current Tax - Domestic -- -- -- -- --
Current Tax - Total 2.63 3.12 2.22 5.46 6.96
Current Tax - Total 2.63 3.12 2.22 5.46 6.96
Deferred Tax - Domestic -- -- -- -- --
Deferred Tax - Total 0.03 0.12 6.24 -0.62 -0.30
Deferred Tax - Total 0.03 0.12 6.24 -0.62 -0.30
Other Tax 0.54 -0.12 0.22 -0.06 0.03
Income Tax - Total 3.20 3.12 8.68 4.79 6.70
Interest Cost - Domestic 0.02 0.01 0.01 0.01 0.02
Service Cost - Domestic 0.19 0.13 0.08 0.09 0.14
Expected Return on Assets - Domestic -0.02 -0.01 -0.01 -0.01 -0.02
Other Pension, Net - Domestic 0.02 0.01 0.01 0.01 0.01
Domestic Pension Plan Expense 0.21 0.15 0.10 0.10 0.16
Interest Cost - Foreign 0.04 0.05 0.05 0.06 0.05
Service Cost - Foreign 0.09 0.11 0.11 0.12 0.10
Foreign Pension Plan Expense 0.12 0.16 0.16 0.18 0.14
Defined Contribution Expense - Domestic -- -- -- -- --
Total Pension Expense 0.34 0.31 0.25 0.28 0.30
Discount Rate - Domestic -- -- -- -- --
Expected Rate of Return - Domestic -- -- -- -- --
Compensation Rate - Domestic -- -- -- -- --
Pension Payment Rate - Domestic -- -- -- -- --
Total Plan Interest Cost 0.06 0.06 0.06 0.07 0.07
Total Plan Service Cost 0.28 0.24 0.19 0.21 0.24
Total Plan Expected Return -0.02 -0.01 -0.01 -0.01 -0.02
Total Plan Other Expense 0.02 0.01 0.01 0.01 0.01

Balance Sheet

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Reclassified) Year Ending Dec 2015 (Update)
Cash & Equivalents 13.25 21.26 28.72 14.98 20.81
Short Term Investments 0.52 0.57 1.15 0.33 0.43
Cash and Short Term Investments 13.78 21.82 29.86 15.31 21.25
Accounts Receivable - Trade, Gross 42.09 48.26 46.10 57.51 68.60
Provision for Doubtful Accounts -5.58 -5.46 -5.15 -5.92 -6.17
Accounts Receivable - Trade, Net 38.70 43.94 40.96 51.59 62.43
Receivables - Other 4.12 22.73 7.74 4.81 5.87
Total Receivables, Net 42.82 66.67 48.70 56.40 68.30
Inventories - Finished Goods 20.54 33.37 34.70 34.81 41.86
Inventories - Work In Progress 0.00 0.00 1.53 1.92 2.65
Inventories - Raw Materials 21.75 11.55 6.78 7.67 4.16
Inventories - Other -3.49 -5.46 -6.20 -4.18 -3.60
Total Inventory 38.80 39.46 36.82 40.21 45.07
Prepaid Expenses 1.84 4.81 2.65 2.04 2.08
Discontinued Operations - Current Asset 5.36 5.51 4.82 3.95 0.00
Other Current Assets 0.00 0.00 0.00 0.00 0.00
Other Current Assets, Total 5.36 5.51 4.82 3.95 0.00
Total Current Assets 102.60 138.28 122.85 117.92 136.68
Land/Improvements - Gross 11.45 11.15 16.01 17.61 21.57
Machinery/Equipment - Gross 22.95 23.69 18.02 19.50 19.03
Other Property/Plant/Equipment - Gross 29.40 9.46 7.81 8.66 9.15
Property/Plant/Equipment, Total - Gross 63.81 44.29 41.83 45.77 49.76
Accumulated Depreciation, Total -26.11 -24.21 -23.67 -23.71 -23.02
Property/Plant/Equipment, Total - Net 37.70 20.08 18.17 22.06 26.74
Goodwill - Gross 45.78 45.45 45.19 67.27 66.83
Accumulated Goodwill Amortization 0.00 0.00 0.00 0.00 0.00
Goodwill, Net 45.78 45.45 45.19 67.27 66.83
Intangibles - Gross 19.72 19.38 17.87 16.97 12.60
Accumulated Intangible Amortization -12.66 -11.39 -10.09 -9.12 -7.90
Intangibles, Net 7.06 7.99 7.79 7.85 4.70
LT Investments - Other 0.04 0.04 0.04 0.04 0.00
Long Term Investments 0.04 0.04 0.04 0.04 0.00
Note Receivable - Long Term 2.24 3.12 1.84 1.90 5.98
Deferred Charges 6.00 5.89 5.52 6.12 0.00
Deferred Income Tax - Long Term Asset 9.22 9.30 9.29 20.43 19.01
Discontinued Operations - Long Term Asset 0.00 0.00 0.00 0.00 0.00
Other Long Term Assets 0.00 0.00 0.00 0.00 0.04
Other Long Term Assets, Total 15.22 15.19 14.82 26.55 19.04
Total Assets 210.64 230.14 210.69 243.59 259.98
Accounts Payable 25.48 27.08 26.70 22.80 29.41
Accrued Expenses 12.13 13.02 9.68 11.11 15.15
Notes Payable/Short Term Debt 0.00 0.00 0.00 0.00 0.20
Current Portion of Long Term Debt/Capital Leases 18.54 4.27 2.87 3.80 2.66
Customer Advances 7.53 10.56 6.88 7.25 8.63
Income Taxes Payable 1.53 1.68 1.11 3.63 4.01
Other Current Liabilities 6.77 13.19 5.36 6.12 5.48
Other Current liabilities, Total 15.84 25.42 13.35 17.00 18.13
Total Current Liabilities 71.99 69.79 52.61 54.71 65.56
Long Term Debt 2.64 49.11 46.37 33.98 44.66
Capital Lease Obligations 16.14 0.00 0.00 0.00 0.00
Total Long Term Debt 18.78 49.11 46.37 33.98 44.66
Total Debt 37.33 53.38 49.24 37.78 47.52
Deferred Income Tax - Long Term Liability 2.41 2.47 2.81 6.85 6.36
Deferred Income Tax 2.41 2.47 2.81 6.85 6.36
Minority Interest 0.03 0.03 0.03 0.03 0.03
Reserves 9.19 8.77 1.63 0.37 1.70
Pension Benefits - Underfunded 0.00 0.00 2.76 2.90 2.93
Other Long Term Liabilities 0.11 -0.04 0.04 -0.67 -1.10
Other Liabilities, Total 9.29 8.73 4.43 2.60 3.54
Total Liabilities 102.50 130.13 106.24 98.17 120.14
Common Stock 100.17 100.17 83.63 86.84 88.77
Common Stock, Total 100.17 100.17 83.63 86.84 88.77
Additional Paid-In Capital 14.25 14.25 13.57 13.57 13.57
Retained Earnings (Accumulated Deficit) 2.86 -4.80 14.71 46.48 40.00
Treasury Stock - Common 0.00 -0.06 -0.20 -0.28 -0.01
Cumulative Translation Adjustment -8.32 -9.07 -6.75 -0.67 -1.84
Other Equity -0.82 -0.47 -0.51 -0.52 -0.64
Other Equity, Total -9.14 -9.54 -7.26 -1.19 -2.48
Total Equity 108.14 100.02 104.45 145.42 139.84
Total Liabilities & Shareholders' Equity 210.64 230.14 210.69 243.59 259.98
Shares Outstanding – Common Stock Primary Issue 94.16 94.21 82.70 82.67 82.78
Total Common Shares Outstanding 94.16 94.21 82.70 82.67 82.78
Treasury Shares – Common Primary Issue 0.09 0.03 0.09 0.13 0.01
Employees 769.00 857.00 940.00 953.00 962.00
Accumulated Goodwill Amortization 0.00 0.00 0.00 0.00 0.00
Accumulated Intangible Amortization 12.66 11.39 10.09 9.12 7.90
Deferred Revenue - Current 7.53 10.56 6.88 7.25 8.63
Total Current Assets less Inventory 63.80 98.82 86.04 77.70 91.62
Quick Ratio 0.89 1.42 1.64 1.42 1.40
Current Ratio 1.43 1.98 2.34 2.16 2.08
Net Debt 23.58 31.59 19.40 22.50 26.30
Tangible Book Value 55.30 46.58 51.48 70.29 68.31
Tangible Book Value per Share 0.59 0.49 0.62 0.85 0.83
Total Long Term Debt, Supplemental 0.00 0.00 0.00 0.00 0.00
Long Term Debt Maturing within 1 Year 0.00 0.00 0.00 0.00 0.00
Long Term Debt Maturing in Year 2 0.00 0.00 0.00 0.00 0.00
Long Term Debt Maturing in Year 3 0.00 0.00 0.00 0.00 0.00
Long Term Debt Maturing in Year 4 0.00 0.00 0.00 0.00 0.00
Long Term Debt Maturing in Year 5 0.00 0.00 0.00 0.00 0.00
Long Term Debt Maturing in 2-3 Years 0.00 0.00 0.00 0.00 0.00
Long Term Debt Maturing in 4-5 Years 0.00 0.00 0.00 0.00 0.00
Long Term Debt Maturing in Year 6 & Beyond 0.00 0.00 0.00 0.00 0.00
Total Operating Leases 0.00 0.68 0.84 0.84 0.50
Operating Lease Payments Due in Year 1 0.00 0.40 0.38 0.35 0.27
Operating Lease Payments Due in Year 2 0.00 0.23 0.29 0.25 0.15
Operating Lease Payments Due in Year 3 0.00 0.02 0.06 0.08 0.03
Operating Lease Payments Due in Year 4 0.00 0.02 0.06 0.08 0.03
Operating Lease Payments Due in Year 5 0.00 0.02 0.06 0.08 0.03
Operating Lease Payments Due in 2-3 Years 0.00 0.24 0.35 0.33 0.18
Operating Lease Payments Due in 4-5 Years 0.00 0.04 0.12 0.16 0.05
Standardized Operating Lease Payments Due in Year 6 and Beyond 0.00 0.00 0.00 0.00 0.00
Pension Obligation - Domestic 3.14 2.05 1.61 1.80 1.93
Pension Obligation - Foreign 0.00 0.00 0.00 0.00 0.00
Plan Assets - Domestic 2.23 1.47 1.09 1.23 1.20
Plan Assets - Foreign 0.00 0.00 0.00 0.00 0.00
Funded Status - Domestic -0.90 -0.58 -0.51 -0.57 -0.73
Funded Status - Foreign 0.00 0.00 0.00 0.00 0.00
Unfunded Plan Obligations 1.30 1.69 2.01 2.12 2.03
Total Funded Status -2.20 -2.28 -2.53 -2.69 -2.76
Discount Rate - Domestic 0.20 1.00 0.70 0.40 0.70
Expected Rate of Return - Domestic 0.00 0.00 0.00 0.00 0.00
Compensation Rate - Domestic 1.00 1.00 1.00 1.00 1.50
Compensation Rate - Foreign 3.00 3.00 3.00 3.00 3.00
Pension Payment Rate - Domestic 0.00 0.00 0.00 0.00 0.00
Net Domestic Pension Assets -0.90 -0.58 -0.51 -0.57 -0.73
Net Foreign Pension Assets -1.30 -1.69 -2.01 -2.12 -2.03
Net Assets Recognized on Balance Sheet -2.20 -2.28 -2.53 -2.69 -2.76
Equity % - Domestic 0.00 0.00 0.00 0.00 0.00
Real Estate % - Domestic 0.00 0.00 0.00 0.00 0.00
Private Investments % - Domestic 0.00 0.00 0.00 0.00 0.00
Other Investments % - Domestic 0.00 0.00 0.00 0.00 0.00
Total Plan Obligations 4.43 3.74 3.62 3.92 3.96
Total Plan Assets 2.23 1.47 1.09 1.23 1.20

Cash Flow

  Year Ending Dec 2019 (Reclassified) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update)
Net Income/Starting Line 7.51 -18.45 -31.77 6.48 6.12
Depreciation – Supplemental 8.95 4.67 4.33 5.09 4.77
Depreciation/Depletion 8.95 4.67 4.33 5.09 4.77
Deferred Taxes 0.03 0.12 6.24 -0.62 -0.30
Unusual Items 0.06 -0.12 19.87 -0.15 -0.05
Other Non-Cash Items -6.88 13.23 6.15 -0.15 -1.71
Non-Cash Items -6.82 13.11 26.01 -0.30 -1.75
Accounts Receivable 10.24 -2.55 7.73 10.16 -9.63
Inventories 2.65 -1.55 1.37 2.36 -5.39
Accounts Payable -4.60 4.03 3.63 -7.98 5.14
Taxes Payable 3.17 3.00 2.44 5.40 6.99
Other Liabilities 0.09 3.51 -1.14 -3.88 0.98
Other Operating Cash Flow -7.45 -4.65 -5.98 -6.59 -7.20
Changes in Working Capital 4.10 1.79 8.04 -0.53 -9.12
Cash from Operating Activities 13.77 1.24 12.86 10.13 -0.27
Purchase of Fixed Assets -1.38 -7.87 -2.11 -2.41 -3.17
Purchase/Acquisition of Intangibles -0.34 -1.38 -1.59 -1.86 -0.65
Capital Expenditures -1.73 -9.25 -3.70 -4.27 -3.82
Sale of Fixed Assets 0.43 2.04 0.21 0.29 1.77
Investment, Net -- 0.00 -- -0.03
Other Investing Cash Flow
Other Investing Cash Flow Items, Total 0.43 2.03 0.21 0.29 1.74
Cash from Investing Activities -1.29 -7.22 -3.49 -3.98 -2.08
Other Financing Cash Flow -- -0.35 --
Financing Cash Flow Items -- -0.35 --
Cash Dividends Paid - Common
Total Cash Dividends Paid
Sale/Issuance of Common 18.53 --
Repurchase/Retirement of Common -1.36 -3.54 -2.16 -3.78
Common Stock, Net 18.53 -1.36 -3.54 -2.16 -3.78
Issuance (Retirement) of Stock, Net 18.53 -1.36 -3.54 -2.16 -3.78
Long Term Debt Reduction -3.60 -2.65 -10.25 -2.31
Long Term Debt, Net -3.60 -2.65 -10.25 -2.31
Total Debt Issued 2.51 16.06 0.35 10.10
Total Debt Reduction -35.58
Issuance (Retirement) of Debt, Net -39.19 2.51 13.41 -9.91 7.79
Cash from Financing Activities -20.66 1.16 9.88 -12.41 4.01
Foreign Exchange Effects 0.18 -2.64 -5.51 0.63 1.88
Net Change in Cash -8.00 -7.46 13.74 -5.63 3.54
Net Cash - Beginning Balance 21.26 28.72 14.98 20.61 17.07
Net Cash - Ending Balance 13.25 21.26 28.72 14.98 20.61
Cash Interest Paid 2.12 1.46 1.11 0.74 1.11
Cash Taxes Paid 5.33 3.18 4.87 5.85 6.09