Skip to content

Key Figures

Income Statements

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update)
Net Sales 158.44 196.02 196.96 212.36 211.52
Revenue 158.44 196.02 196.96 212.36 211.52
Other Revenue -- -- -- -- --
Other Revenue, Total -- -- -- -- --
Total Revenue 158.44 196.02 196.96 212.36 211.52
Cost of Revenue 138.32 160.69 172.42 184.86 157.19
Cost of Revenue, Total 138.32 160.69 172.42 184.86 157.19
Gross Profit 20.12 35.33 24.54 27.50 54.33
Selling/General/Administrative Expense 9.91 16.41 36.67 25.36 5.74
Selling/General/Administrative Expenses, Total 9.91 16.41 36.67 25.36 5.74
Depreciation 7.74 8.95 4.67 4.33 5.09
Amortization of Intangibles, Operating 1.36 -- -- -- --
Depreciation/Amortization 9.10 8.95 4.67 4.33 5.09
Impairment-Assets Held for Use 0.92 0.20 0.16 19.99 --
Unusual Expense (Income) 0.92 0.20 0.16 19.99 --
Other Operating Expense -- -- -- -- 39.96
Other, Net -3.31 -2.55 -3.08 -4.19 -8.75
Other Operating Expenses, Total -3.31 -2.55 -3.08 -4.19 31.21
Total Operating Expense 154.93 183.71 210.85 230.36 199.24
Operating Income 3.51 12.31 -13.89 -18.00 12.28
Interest Expense - Non-Operating -1.26 -1.53 -1.54 -1.38 -1.53
Interest Expense, Net Non-Operating -1.26 -1.53 -1.54 -1.38 -1.53
Interest Income, Non-Operating 0.03 0.03 0.08 0.26 0.76
Investment Income, Non-Operating -5.50 0.32 1.60 -3.40 0.09
Interest/Investment Income, Non-Operating -5.47 0.34 1.68 -3.14 0.86
Interest Income (Expense), Net-Non-Operating, Total -6.72 -1.18 0.14 -4.52 -0.67
Other Non-Operating Income (Expense) 0.04 -0.42 -1.59 -0.58 -0.34
Other, Net 0.04 -0.42 -1.59 -0.58 -0.34
Net Income Before Taxes -3.18 10.71 -15.33 -23.09 11.27
Income Tax – Total 0.82 3.20 3.12 8.68 4.79
Income After Tax -3.99 7.51 -18.45 -31.77 6.48
Minority Interest -- -- 0.00 0.00 0.00
Net Income Before Extraordinary Items -3.99 7.51 -18.45 -31.77 6.49
Net Income -3.99 7.51 -18.45 -31.77 6.49
Miscellaneous Earnings Adjustment -- -- -- -- --
Total Adjustments to Net Income -- -- -- -- --
Income Available to Common Excluding Extraordinary Items -3.99 7.51 -18.45 -31.77 6.49
Income Available to Common Stocks Including Extraordinary Items -3.99 7.51 -18.45 -31.77 6.49
Basic Weighted Average Shares 94.24 94.21 79.08 82.67 82.70
Basic EPS Excluding Extraordinary Items -0.04 0.08 -0.23 -0.38 0.08
Basic EPS Including Extraordinary Items -0.04 0.08 -0.23 -0.38 0.08
Diluted Net Income -3.99 7.51 -18.45 -31.77 6.49
Diluted Weighted Average Shares 94.24 94.21 79.08 82.67 82.70
Diluted EPS Excluding Extraordinary Items -0.04 0.08 -0.23 -0.38 0.08
Diluted EPS Including Extraordinary Items -0.04 0.08 -0.23 -0.38 0.08
DPS - Common Stock Primary Issue 0.00 0.00 0.00 0.02 0.04
Gross Dividends - Common Stock 0.00 0.00 0.00 -- --
Impairment-Assets Held for Sale, Supplemental -- -- -- -- --
Litigation Charge, Supplemental 0.00 0.16 8.31 0.32 0.56
Restructuring Charge, Supplemental 0.00 3.22 5.46 1.49 1.44
Other Unusual Expense (Income), Supplemental -- 0.00 4.01 5.80 --
Non-Recurring Items, Total 0.00 3.38 17.77 7.60 2.00
Total Special Items 0.92 3.58 17.93 27.59 2.00
Normalized Income Before Taxes -2.25 14.29 2.60 4.49 13.28
Effect of Special Items on Income Taxes 0.32 1.07 6.28 9.65 0.85
Income Taxes Excluding Impact of Special Items 1.14 4.26 9.39 18.33 5.64
Normalized Income After Taxes -3.39 10.03 -6.80 -13.84 7.64
Normalized Income Available to Common -3.39 10.03 -6.80 -13.84 7.64
Basic Normalized EPS -0.04 0.11 -0.09 -0.17 0.09
Diluted Normalized EPS -0.04 0.11 -0.09 -0.17 0.09
Amortization of Intangibles, Supplemental 1.36 -- -- -- --
Depreciation, Supplemental 7.74 8.95 4.67 4.33 5.09
Interest Expense, Supplemental 2.51 3.06 1.54 1.38 1.53
Rental Expense, Supplemental 1.14 1.52 6.28 5.11 5.74
Minority Interest, Supplemental -- -- 0.00 0.00 0.00
Audit-Related Fees, Supplemental 0.69 0.75 0.71 0.73 0.75
Tax Fees, Supplemental 0.02 0.07 0.05 0.14 0.15
All Other Fees Paid to Auditor, Supplemental 0.00 0.01 0.02 0.01 0.01
Gross Margin 12.70 18.02 12.46 12.95 25.69
Operating Margin 2.21 6.28 -7.05 -8.48 5.81
Pretax Margin -2.01 5.46 -7.78 -10.87 5.33
Effective Tax Rate -- 29.83 -- -- 42.48
Net Profit Margin -2.52 3.83 -9.37 -14.96 3.07
Normalized EBIT 4.43 15.89 4.04 9.59 14.29
Normalized EBITDA 13.53 24.84 8.72 13.92 19.38
Current Tax - Domestic -- -- -- -- --
Current Tax - Total 1.88 2.63 3.12 2.22 5.46
Current Tax - Total 1.88 2.63 3.12 2.22 5.46
Deferred Tax - Domestic -- -- -- -- --
Deferred Tax - Total -0.71 0.03 0.12 6.24 -0.62
Deferred Tax - Total -0.71 0.03 0.12 6.24 -0.62
Other Tax -0.36 0.54 -0.12 0.22 -0.06
Income Tax - Total 0.82 3.20 3.12 8.68 4.79
Interest Cost - Domestic 0.01 0.02 0.01 0.01 0.01
Service Cost - Domestic 0.27 0.19 0.13 0.08 0.09
Expected Return on Assets - Domestic -0.01 -0.02 -0.01 -0.01 -0.01
Other Pension, Net - Domestic 0.02 0.02 0.01 0.01 0.01
Domestic Pension Plan Expense 0.29 0.21 0.15 0.10 0.10
Interest Cost - Foreign 0.03 0.04 0.05 0.05 0.06
Service Cost - Foreign 0.09 0.09 0.11 0.11 0.12
Foreign Pension Plan Expense 0.12 0.12 0.16 0.16 0.18
Defined Contribution Expense - Domestic -- -- -- -- --
Total Pension Expense 0.41 0.34 0.31 0.25 0.28
Discount Rate - Domestic -- -- -- -- --
Expected Rate of Return - Domestic -- -- -- -- --
Compensation Rate - Domestic -- -- -- -- --
Pension Payment Rate - Domestic -- -- -- -- --
Total Plan Interest Cost 0.03 0.06 0.06 0.06 0.07
Total Plan Service Cost 0.37 0.28 0.24 0.19 0.21
Total Plan Expected Return -0.01 -0.02 -0.01 -0.01 -0.01
Total Plan Other Expense 0.02 0.02 0.01 0.01 0.01

Balance Sheet

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Reclassified)
Cash & Equivalents 19.15 13.25 21.26 28.72 14.98
Short Term Investments 0.33 0.52 0.57 1.15 0.33
Cash and Short Term Investments 19.48 13.78 21.82 29.86 15.31
Accounts Receivable - Trade, Gross 33.51 42.09 48.26 46.10 57.51
Provision for Doubtful Accounts -5.62 -5.58 -5.46 -5.15 -5.92
Accounts Receivable - Trade, Net 29.09 38.70 43.94 40.96 51.59
Receivables - Other 5.15 4.12 22.73 7.74 4.81
Total Receivables, Net 34.24 42.82 66.67 48.70 56.40
Inventories - Finished Goods 15.76 20.54 33.37 34.70 34.81
Inventories - Work In Progress 0.00 0.00 0.00 1.53 1.92
Inventories - Raw Materials 26.39 21.75 11.55 6.78 7.67
Inventories - Other -4.15 -3.49 -5.46 -6.20 -4.18
Total Inventory 38.00 38.80 39.46 36.82 40.21
Prepaid Expenses 2.70 1.84 4.81 2.65 2.04
Discontinued Operations - Current Asset 3.41 5.36 5.51 4.82 3.95
Other Current Assets 0.00 0.00 0.00 0.00 0.00
Other Current Assets, Total 3.41 5.36 5.51 4.82 3.95
Total Current Assets 97.82 102.60 138.28 122.85 117.92
Land/Improvements - Gross 11.22 11.45 11.15 16.01 17.61
Machinery/Equipment - Gross 22.22 22.95 23.69 18.02 19.50
Other Property/Plant/Equipment - Gross 28.44 29.40 9.46 7.81 8.66
Property/Plant/Equipment, Total - Gross 61.88 63.81 44.29 41.83 45.77
Accumulated Depreciation, Total -27.78 -26.11 -24.21 -23.67 -23.71
Property/Plant/Equipment, Total - Net 34.10 37.70 20.08 18.17 22.06
Goodwill - Gross 44.97 45.78 45.45 45.19 67.27
Accumulated Goodwill Amortization 0.00 0.00 0.00 0.00 0.00
Goodwill, Net 44.97 45.78 45.45 45.19 67.27
Intangibles - Gross 20.23 19.72 19.38 17.87 16.97
Accumulated Intangible Amortization -13.43 -12.66 -11.39 -10.09 -9.12
Intangibles, Net 6.80 7.06 7.99 7.79 7.85
LT Investments - Other 0.04 0.04 0.04 0.04 0.04
Long Term Investments 0.04 0.04 0.04 0.04 0.04
Note Receivable - Long Term 1.77 2.24 3.12 1.84 1.90
Deferred Charges 5.50 6.00 5.89 5.52 6.12
Deferred Income Tax - Long Term Asset 9.67 9.22 9.30 9.29 20.43
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 0.00
Other Long Term Assets, Total 15.17 15.22 15.19 14.82 26.55
Total Assets 200.66 210.64 230.14 210.69 243.59
Accounts Payable 24.28 25.48 27.08 26.70 22.80
Accrued Expenses 9.64 12.13 13.02 9.68 11.11
Notes Payable/Short Term Debt 0.00 0.00 0.00 0.00 0.00
Current Portion of Long Term Debt/Capital Leases 7.58 18.54 4.27 2.87 3.80
Customer Advances 10.77 7.53 10.56 6.88 7.25
Income Taxes Payable 1.11 1.53 1.68 1.11 3.63
Other Current Liabilities 3.44 6.77 13.19 5.36 6.12
Other Current liabilities, Total 15.31 15.84 25.42 13.35 17.00
Total Current Liabilities 56.81 71.99 69.79 52.61 54.71
Long Term Debt 10.09 2.64 49.11 46.37 33.98
Capital Lease Obligations 15.39 16.14 0.00 0.00 0.00
Total Long Term Debt 25.47 18.78 49.11 46.37 33.98
Total Debt 33.05 37.33 53.38 49.24 37.78
Deferred Income Tax - Long Term Liability 2.12 2.41 2.47 2.81 6.85
Deferred Income Tax 2.12 2.41 2.47 2.81 6.85
Minority Interest 0.03 0.03 0.03 0.03 0.03
Reserves 7.75 9.19 8.77 1.63 0.37
Pension Benefits - Underfunded 2.42 0.00 0.00 2.76 2.90
Other Long Term Liabilities 0.10 0.11 -0.04 0.04 -0.67
Other Liabilities, Total 10.27 9.29 8.73 4.43 2.60
Total Liabilities 94.70 102.50 130.13 106.24 98.17
Common Stock 100.17 100.17 100.17 83.63 86.84
Common Stock, Total 100.17 100.17 100.17 83.63 86.84
Additional Paid-In Capital 14.25 14.25 14.25 13.57 13.57
Retained Earnings (Accumulated Deficit) -0.69 2.86 -4.80 14.71 46.48
Treasury Stock - Common 0.00 0.00 -0.06 -0.20 -0.28
Cumulative Translation Adjustment -6.77 -8.32 -9.07 -6.75 -0.67
Other Equity -0.99 -0.82 -0.47 -0.51 -0.52
Other Equity, Total -7.77 -9.14 -9.54 -7.26 -1.19
Total Equity 105.97 108.14 100.02 104.45 145.42
Total Liabilities & Shareholders' Equity 200.66 210.64 230.14 210.69 243.59
Shares Outstanding – Common Stock Primary Issue 94.24 94.16 94.21 82.70 82.67
Total Common Shares Outstanding 94.24 94.16 94.21 82.70 82.67
Treasury Shares – Common Primary Issue 0.00 0.09 0.03 0.09 0.13
Employees 764.00 769.00 857.00 940.00 953.00
Accumulated Goodwill Amortization 0.00 0.00 0.00 0.00 0.00
Accumulated Intangible Amortization 13.43 12.66 11.39 10.09 9.12
Deferred Revenue - Current 10.77 7.53 10.56 6.88 7.25
Total Current Assets less Inventory 59.82 63.80 98.82 86.04 77.70
Quick Ratio 1.05 0.89 1.42 1.64 1.42
Current Ratio 1.72 1.43 1.98 2.34 2.16
Net Debt 13.60 23.58 31.59 19.40 22.50
Tangible Book Value 54.20 55.30 46.58 51.48 70.29
Tangible Book Value per Share 0.58 0.59 0.49 0.62 0.85
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 0.00 0.68 0.84 0.84
Operating Lease Payments Due in Year 1 0.00 0.00 0.40 0.38 0.35
Operating Lease Payments Due in Year 2 0.00 0.00 0.23 0.29 0.25
Operating Lease Payments Due in Year 3 0.00 0.00 0.02 0.06 0.08
Operating Lease Payments Due in Year 4 0.00 0.00 0.02 0.06 0.08
Operating Lease Payments Due in Year 5 0.00 0.00 0.02 0.06 0.08
Operating Lease Payments Due in 2-3 Years 0.00 0.00 0.24 0.35 0.33
Operating Lease Payments Due in 4-5 Years 0.00 0.00 0.04 0.12 0.16
Standardized Operating Lease Payments Due in Year 6 and Beyond 0.00 0.00 0.00 0.00 0.00
Pension Obligation - Domestic 3.77 3.14 2.05 1.61 1.80
Pension Obligation - Foreign 0.00 0.00 0.00 0.00 0.00
Plan Assets - Domestic 2.66 2.23 1.47 1.09 1.23
Plan Assets - Foreign 0.00 0.00 0.00 0.00 0.00
Funded Status - Domestic -1.11 -0.90 -0.58 -0.51 -0.57
Funded Status - Foreign 0.00 0.00 0.00 0.00 0.00
Unfunded Plan Obligations 1.31 1.30 1.69 2.01 2.12
Total Funded Status -2.42 -2.20 -2.28 -2.53 -2.69
Discount Rate - Domestic 0.10 0.20 1.00 0.70 0.40
Expected Rate of Return - Domestic 0.00 0.00 0.00 0.00 0.00
Compensation Rate - Domestic 0.20 1.00 1.00 1.00 1.00
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 -1.11 -0.90 -0.58 -0.51 -0.57
Net Foreign Pension Assets -1.31 -1.30 -1.69 -2.01 -2.12
Net Assets Recognized on Balance Sheet -2.42 -2.20 -2.28 -2.53 -2.69
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 5.07 4.43 3.74 3.62 3.92
Total Plan Assets 2.66 2.23 1.47 1.09 1.23

Cash Flow

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Reclassified) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update)
Net Income/Starting Line -3.99 7.51 -18.45 -31.77 6.48
Depreciation – Supplemental 9.10 8.95 4.67 4.33 5.09
Depreciation/Depletion 9.10 8.95 4.67 4.33 5.09
Deferred Taxes -0.71 0.03 0.12 6.24 -0.62
Unusual Items 0.14 0.06 -0.12 19.87 -0.15
Other Non-Cash Items 6.27 -6.88 13.23 6.15 -0.15
Non-Cash Items 6.41 -6.82 13.11 26.01 -0.30
Accounts Receivable 10.60 10.24 -2.55 7.73 10.16
Inventories -0.01 2.65 -1.55 1.37 2.36
Accounts Payable -0.48 -4.60 4.03 3.63 -7.98
Taxes Payable 1.53 3.17 3.00 2.44 5.40
Other Liabilities -2.63 0.09 3.51 -1.14 -3.88
Other Operating Cash Flow -4.11 -7.45 -4.65 -5.98 -6.59
Changes in Working Capital 4.91 4.10 1.79 8.04 -0.53
Cash from Operating Activities 15.71 13.77 1.24 12.86 10.13
Purchase of Fixed Assets -1.37 -1.38 -7.87 -2.11 -2.41
Purchase/Acquisition of Intangibles -1.94 -0.34 -1.38 -1.59 -1.86
Capital Expenditures -3.31 -1.73 -9.25 -3.70 -4.27
Sale of Fixed Assets 2.46 0.43 2.04 0.21 0.29
Investment, Net -- 0.00 --
Other Investing Cash Flow 0.15
Other Investing Cash Flow Items, Total 2.61 0.43 2.03 0.21 0.29
Cash from Investing Activities -0.70 -1.29 -7.22 -3.49 -3.98
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
Common Stock, Net -- 18.53 -1.36 -3.54 -2.16
Issuance (Retirement) of Stock, Net -- 18.53 -1.36 -3.54 -2.16
Long Term Debt Reduction -4.11 -3.60 -2.65 -10.25
Long Term Debt, Net -4.11 -3.60 -2.65 -10.25
Total Debt Issued 2.51 16.06 0.35
Total Debt Reduction -3.22 -35.58
Issuance (Retirement) of Debt, Net -7.33 -39.19 2.51 13.41 -9.91
Cash from Financing Activities -7.33 -20.66 1.16 9.88 -12.41
Foreign Exchange Effects -1.79 0.18 -2.64 -5.51 0.63
Net Change in Cash 5.90 -8.00 -7.46 13.74 -5.63
Net Cash - Beginning Balance 13.25 21.26 28.72 14.98 20.61
Net Cash - Ending Balance 19.15 13.25 21.26 28.72 14.98
Cash Interest Paid 1.64 2.12 1.46 1.11 0.74
Cash Taxes Paid 2.47 5.33 3.18 4.87 5.85