Income Statement
| Year Ending Dec 2022 (Update) | Year Ending Dec 2021 (Restated) | Year Ending Dec 2020 (Restated) | Year Ending Dec 2019 (Update) | |
|---|---|---|---|---|
| Net Sales | 666.50 | 658.21 | 546.19 | 717.95 |
| Revenue | 666.50 | 658.21 | 546.19 | 717.95 |
| Total Revenue | 666.50 | 658.21 | 546.19 | 717.95 |
| Cost of Revenue | 444.92 | 466.46 | 388.06 | 362.77 |
| Cost of Revenue, Total | 444.92 | 466.46 | 388.06 | 362.77 |
| Gross Profit | 221.58 | 191.75 | 158.13 | 355.17 |
| Selling/General/Administrative Expense | 175.47 | 151.86 | 131.64 | 138.73 |
| Labor & Related Expense | 14.30 | 12.63 | 2.57 | 11.50 |
| Advertising Expense | 0.90 | 2.00 | 1.60 | 54.50 |
| Selling/General/Administrative Expenses, Total | 190.67 | 166.50 | 135.82 | 204.73 |
| Research & Development | 8.70 | 8.19 | 5.74 | 30.93 |
| Depreciation | 11.88 | 8.99 | 6.82 | 5.48 |
| Amortization of Intangibles, Operating | 25.85 | 28.32 | 29.75 | 37.36 |
| Depreciation/Amortization | 37.73 | 37.31 | 36.57 | 42.84 |
| Restructuring Charge | -- | -- | -- | 0.00 |
| Impairment-Assets Held for Use | 0.00 | 0.00 | 270.63 | 50.90 |
| Impairment-Assets Held for Sale | -- | -- | -- | -- |
| Other Unusual Expense (Income) | -4.19 | 32.80 | 31.09 | 22.51 |
| Unusual Expense (Income) | -4.19 | 32.80 | 301.71 | 73.41 |
| Total Operating Expense | 677.83 | 711.26 | 867.90 | 714.68 |
| Operating Income | -11.34 | -53.04 | -321.71 | 3.27 |
| Interest Expense - Non-Operating | -0.22 | -0.01 | -0.21 | -20.06 |
| Interest Expense, Net Non-Operating | -0.22 | -0.01 | -0.21 | -20.06 |
| Interest Income, Non-Operating | -- | -- | -- | 0.45 |
| Investment Income, Non-Operating | -- | -- | -- | -- |
| Interest/Investment Income, Non-Operating | -- | -- | -- | 0.45 |
| Interest Income (Expense), Net Non-Operating | -0.26 | -0.42 | 0.16 | -0.33 |
| Interest Income (Expense), Net-Non-Operating, Total | -0.48 | -0.42 | -0.05 | -19.94 |
| Other Non-Operating Income (Expense) | -- | -- | -4.62 | -0.23 |
| Other, Net | -- | -- | -4.62 | -0.23 |
| Net Income Before Taxes | -11.81 | -53.46 | -326.38 | -16.91 |
| Income Tax – Total | -14.93 | -9.96 | 41.67 | -65.05 |
| Income After Tax | 3.12 | -43.51 | -368.05 | 48.15 |
| Minority Interest | -- | -- | -- | 0.00 |
| Net Income Before Extraordinary Items | 3.12 | -43.51 | -368.05 | 48.15 |
| Discontinued Operations | 524.73 | 52.00 | 25.96 | 0.00 |
| Extraordinary Item | -- | -- | -- | -- |
| Tax on Extraordinary Items | -107.60 | -0.74 | -0.67 | -- |
| Total Extraordinary Items | 417.13 | 51.26 | 25.29 | 0.00 |
| Net Income | 420.25 | 7.76 | -342.76 | 48.15 |
| Income Available to Common Excluding Extraordinary Items | 3.12 | -43.51 | -368.05 | 48.15 |
| Income Available to Common Stocks Including Extraordinary Items | 420.25 | 7.76 | -342.76 | 48.15 |
| Basic Weighted Average Shares | 47.99 | 48.58 | 47.98 | 48.26 |
| Basic EPS Excluding Extraordinary Items | 0.07 | -0.90 | -7.67 | 1.00 |
| Basic EPS Including Extraordinary Items | 8.76 | 0.16 | -7.14 | 1.00 |
| Diluted Net Income | 420.25 | 7.76 | -342.76 | 48.15 |
| Diluted Weighted Average Shares | 49.18 | 48.58 | 47.98 | 49.28 |
| Diluted EPS Excluding Extraordinary Items | 0.06 | -0.90 | -7.67 | 0.98 |
| Diluted EPS Including Extraordinary Items | 8.54 | 0.16 | -7.14 | 0.98 |
| DPS - Common Stock Primary Issue | -- | -- | -- | -- |
| Gross Dividends - Common Stock | 0.00 | 0.00 | 0.00 | 0.00 |
| Litigation Charge, Supplemental | 5.06 | 10.94 | -- | -- |
| Non-Recurring Items, Total | 5.06 | 10.94 | -- | -- |
| Total Special Items | 0.88 | 43.74 | 301.71 | 73.41 |
| Normalized Income Before Taxes | -10.94 | -9.73 | -24.67 | 56.50 |
| Effect of Special Items on Income Taxes | 0.31 | 15.31 | 105.60 | 25.69 |
| Income Taxes Excluding Impact of Special Items | -14.63 | 5.35 | 147.26 | -39.36 |
| Normalized Income After Taxes | 3.69 | -15.08 | -171.93 | 95.86 |
| Normalized Income Available to Common | 3.69 | -15.08 | -171.93 | 95.86 |
| Basic Normalized EPS | 0.08 | -0.31 | -3.58 | 1.99 |
| Diluted Normalized EPS | 0.08 | -0.31 | -3.58 | 1.95 |
| Amortization of Intangibles, Supplemental | 25.85 | 28.32 | 29.75 | 37.36 |
| Depreciation, Supplemental | 11.88 | 8.99 | 6.82 | 6.85 |
| Interest Expense, Supplemental | 0.22 | 0.01 | 0.21 | 20.06 |
| Rental Expense, Supplemental | 3.86 | 4.19 | 6.76 | 6.50 |
| Stock-Based Compensation, Supplemental | 23.05 | 20.75 | 10.07 | 16.30 |
| Advertising Expense, Supplemental | 0.90 | 2.00 | 1.60 | 54.50 |
| Minority Interest, Supplemental | -- | -- | -- | 0.00 |
| Research & Development Expense, Supplemental | 8.70 | 8.19 | 5.74 | 30.93 |
| Audit-Related Fees, Supplemental | 2.34 | 2.17 | -- | 2.76 |
| Audit-Related Fees | 0.79 | 0.00 | -- | 0.00 |
| Tax Fees, Supplemental | 0.00 | 0.02 | -- | 0.02 |
| All Other Fees Paid to Auditor, Supplemental | 0.00 | 0.00 | -- | 0.01 |
| Gross Margin | 33.25 | 29.13 | 28.95 | 49.47 |
| Operating Margin | -1.70 | -8.06 | -58.90 | 0.45 |
| Pretax Margin | -1.77 | -8.12 | -59.76 | -2.35 |
| Effective Tax Rate | -- | -- | -- | -- |
| Net Profit Margin | 0.47 | -6.61 | -67.38 | 6.71 |
| Normalized EBIT | -10.46 | -9.31 | -20.00 | 76.67 |
| Normalized EBITDA | 27.27 | 28.00 | 16.57 | 120.88 |
| Current Tax - Domestic | -- | -- | -- | -0.73 |
| Current Tax - Foreign | -- | -- | -- | 0.33 |
| Current Tax - Local | 1.12 | -0.72 | 0.03 | 2.90 |
| Current Tax - Total | 1.12 | -0.72 | 0.03 | 2.50 |
| Deferred Tax - Domestic | -15.39 | -7.71 | 41.44 | -62.58 |
| Deferred Tax - Foreign | -- | -- | -- | -0.01 |
| Deferred Tax - Local | -0.66 | -1.53 | 0.20 | -4.97 |
| Deferred Tax - Total | -16.06 | -9.24 | 41.64 | -67.56 |
| Income Tax - Total | -14.93 | -9.96 | 41.67 | -65.05 |
| Defined Contribution Expense - Domestic | 2.90 | -- | -- | 2.40 |
| Total Pension Expense | 2.90 | -- | -- | 2.40 |
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