Educational development corp (EDUC)
Balance Sheet / TTM
Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11Feb'11
CURRENT ASSETS
Cash and cash equivalents

8,988

966

1,402

3,199

7,840

833

4,430

2,723

6,141

432

587

699

979

2,045

930

1,183

6,686

312

371

383

648

79

303

680

461

279

357

469

414

433

1,214

760

1,394

932

1,988

Accounts receivable, less allowance for doubtful accounts of $247,700 (November 30) and $268,600 (February 28)

4,064

3,498

3,075

3,258

3,550

3,161

2,772

2,913

3,834

2,995

3,248

2,917

3,948

2,869

2,990

2,513

3,758

4,164

3,058

3,076

4,608

4,263

3,514

3,000

4,657

3,755

3,258

3,419

4,512

3,768

3,306

3,575

4,284

3,337

3,076

Inventories - Net

29,673

35,619

33,507

33,445

30,646

33,515

27,715

26,618

24,455

29,371

29,726

34,253

34,203

29,428

22,661

17,479

11,373

13,356

12,922

11,181

10,393

11,695

10,856

9,869

9,585

9,888

9,382

9,724

10,018

10,981

10,277

9,854

9,606

10,195

10,010

Prepaid expenses and other assets

972

1,008

1,089

1,603

1,583

1,294

959

1,259

999

1,120

804

695

2,689

1,946

2,811

1,028

568

422

407

374

312

264

303

262

253

207

288

438

327

196

190

277

286

279

315

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

298

-

-

-

249

-

-

-

259

-

-

-

-

-

-

-

-

-

-

-

Income tax receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

-

-

-

158

213

229

-

21

-

0

-

52

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

348

378

338

-

245

255

257

-

251

263

263

-

344

380

353

-

344

342

346

379

381

377

367

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

381

-

-

-

-

-

-

-

Total current assets

43,699

41,093

39,075

41,507

43,620

38,804

35,878

33,514

35,431

33,919

34,367

38,564

42,170

36,668

29,731

22,502

22,631

18,510

17,017

15,265

16,214

16,580

15,240

14,071

15,301

14,668

13,852

14,662

15,617

15,742

15,335

14,846

15,953

15,175

15,757

INVENTORIES - Net

915

658

556

575

604

579

490

435

196

154

187

192

257

200

125

169

246

304

358

350

361

430

360

470

400

517

522

559

577

515

503

548

509

500

593

PROPERTY, PLANT AND EQUIPMENT - Net

26,512

26,714

26,927

27,164

27,496

27,835

27,705

27,860

27,453

27,676

26,977

27,034

28,053

27,907

27,731

26,710

1,332

2,403

2,158

2,073

2,051

1,928

1,934

1,877

1,887

1,902

1,896

1,915

1,939

1,958

1,986

2,000

2,024

2,045

2,042

DEFERRED INCOME TAXESNet

-

-

-

-

-

-

-

-

0

0

73

128

35

31

31

50

66

68

75

-

69

79

79

-

61

69

83

-

71

69

61

65

62

60

55

FIXED ASSETS HELD FOR SALE

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,506

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

INVESTMENT IN NONMARKETABLE EQUITY SECURITIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

430

430

430

430

-

-

-

250

-

-

-

INVESTMENT IN NONMARKETABLE EQUITY SECURITIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

405

379

332

-

250

-

-

OTHER ASSETS

67

70

72

19

26

26

26

26

61

61

61

61

262

262

262

262

243

243

243

243

267

267

267

267

256

256

256

256

301

301

301

301

256

256

256

DEFERRED INCOME TAXES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

80

-

-

-

71

-

-

-

76

-

-

-

-

-

-

-

TOTAL ASSETS

71,195

68,536

66,632

69,266

71,747

67,245

64,100

61,837

63,142

61,811

61,667

65,980

70,778

65,070

57,882

49,695

26,026

21,531

19,853

18,013

18,964

19,286

17,881

16,758

18,337

17,845

17,041

17,900

18,910

18,967

18,520

18,011

19,056

18,038

18,705

CURRENT LIABILITIES
Accounts payable

12,007

13,180

12,043

14,228

15,156

14,596

13,229

12,469

10,263

8,764

10,431

17,565

14,690

14,786

11,443

7,801

5,375

4,571

3,449

2,237

2,447

3,196

3,371

2,543

2,574

2,540

2,175

1,862

2,393

3,094

2,520

1,793

2,222

2,517

2,407

Line of credit

-

1,056

-

-

-

2,598

-

-

0

6,248

5,560

4,882

2,880

4,876

5,918

3,331

0

1,350

1,700

1,400

1,400

2,500

475

0

500

1,250

425

1,250

500

775

250

250

250

-

-

Deferred revenues

494

751

388

965

1,057

458

442

693

661

647

547

633

9,557

5,021

5,367

2,925

1,375

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of long-term debt

1,053

927

944

945

928

895

891

881

1,239

898

898

898

21,772

898

615

615

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

75

75

75

Accrued salaries and commissions

3,186

1,751

1,926

2,039

3,791

1,877

1,910

2,007

4,144

2,023

1,739

1,379

1,578

1,412

1,178

1,202

2,741

1,394

912

618

1,057

537

597

514

792

419

551

439

695

386

446

436

686

359

398

Income taxes payable

1,347

1,070

1,191

756

-

-

-

1,798

-

-

-

1,519

-

-

-

803

-

-

-

63

-

-

-

140

-

-

-

0

279

-

153

64

137

-

23

Income taxes payable

-

-

-

-

545

1,166

2,285

-

1,989

1,415

2,182

-

1,379

726

492

-

785

293

202

-

253

0

95

-

143

-

-

-

-

-

-

-

-

-

-

Dividends payable

423

422

408

410

409

-

409

0

-

-

-

-

367

366

366

366

365

364

323

322

321

320

319

318

316

318

317

317

473

471

470

469

468

466

468

Other current liabilities

4,164

2,538

3,292

4,177

4,116

2,369

3,132

3,517

4,432

2,931

3,303

3,218

4,040

2,353

1,434

1,732

1,735

854

891

1,043

976

472

482

658

839

349

330

579

640

414

576

779

857

574

672

Total current liabilities

22,677

21,698

20,197

23,523

26,004

23,962

22,300

21,367

22,730

22,930

24,662

30,097

56,266

30,441

26,815

18,778

12,377

8,828

7,478

5,684

6,455

7,026

5,340

4,175

5,166

4,878

3,799

4,449

4,983

5,141

4,416

3,793

4,697

3,993

4,046

LONG-TERM DEBT - Net of current maturities

18,003

18,377

18,593

18,830

19,076

19,343

19,563

19,825

20,686

21,254

20,446

20,665

0

21,082

17,537

17,687

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

DEFERRED INCOME TAXES - Net

953

1,000

820

872

810

388

325

136

51

78

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

OTHER LONG-TERM LIABILITIES

148

146

148

109

109

109

106

106

106

106

106

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

41,783

41,222

39,760

43,335

45,999

43,802

42,295

41,435

43,574

44,369

45,215

50,762

56,266

51,523

44,353

36,465

-

-

-

5,684

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

COMMITMENTS (Note 7)

-

-

-

-

-

-

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

SHAREHOLDERS' EQUITY
Common stock, $0.20 par value; Authorized 16,000,000 shares; Issued 12,400,080 (November 30) and 12,092,080 (February 28) shares; Outstanding 8,388,016 (November 30) and 8,195,082 (February 28) shares

2,480

2,480

2,418

2,418

2,418

2,418

1,209

2,418

1,209

1,208

1,208

1,208

1,208

1,208

1,208

1,208

1,208

1,208

1,208

1,208

1,208

1,208

1,208

1,208

1,208

1,208

1,208

1,208

1,208

1,208

1,208

1,208

1,208

1,208

1,208

Capital in excess of par value

9,603

9,368

9,209

8,975

8,828

8,643

8,573

8,573

8,573

8,548

8,548

8,548

8,548

8,548

8,548

8,548

8,548

8,548

8,548

8,548

8,548

8,548

8,548

8,548

8,548

8,548

8,548

8,548

8,548

8,548

8,548

8,548

8,548

8,548

8,548

Retained earnings

29,607

27,294

26,709

25,754

25,609

23,612

22,940

20,714

20,708

18,580

17,543

16,317

15,669

14,763

14,811

14,557

15,032

14,138

13,858

13,857

14,082

13,876

14,201

14,280

14,911

14,681

14,943

15,194

15,723

15,671

16,005

16,124

16,324

16,068

16,575

41,690

39,143

38,337

37,148

36,856

34,674

32,722

31,706

30,490

28,336

27,299

26,074

25,426

24,519

24,567

24,313

24,788

23,895

23,615

23,613

23,838

23,633

23,957

24,036

24,668

24,437

24,699

24,950

25,480

25,427

25,761

25,881

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,331

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,081

25,824

-

Less treasury stock, at cost

12,279

11,828

11,466

11,217

11,108

11,231

10,917

11,304

10,922

10,893

10,847

10,856

10,913

10,972

11,038

11,084

11,139

11,192

11,239

11,285

11,329

11,373

11,416

11,454

11,497

11,469

11,457

11,499

11,552

11,601

11,657

11,663

11,722

11,779

11,672

Total shareholders' equity

29,411

27,314

26,871

25,930

25,747

23,443

21,805

20,402

19,568

17,442

16,451

15,217

14,512

13,547

13,528

13,229

13,648

12,702

12,375

12,328

12,508

12,259

12,540

12,582

13,170

12,967

13,241

13,451

13,927

13,826

14,103

14,217

14,359

14,044

14,658

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

71,195

68,536

66,632

69,266

71,747

67,245

64,100

61,837

63,142

61,811

61,667

65,980

70,778

65,070

57,882

49,695

26,026

21,531

19,853

18,013

18,964

19,286

17,881

16,758

18,337

17,845

17,041

17,900

18,910

18,967

18,520

18,011

19,056

18,038

18,705