Flexsteel industries, inc. (FLXS)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10
Net sales

98,821

102,949

100,348

100,207

111,542

118,352

113,487

-

126,861

129,392

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net sales revenue, goods

-

-

-

-

-

-

-

-

-

-

119,834

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of goods sold

84,973

86,899

83,127

94,860

90,214

96,878

91,696

96,048

99,229

101,990

93,694

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net sales

-

-

-

-

-

-

-

-

-

-

-

-

120,750

118,530

112,050

122,765

125,400

125,410

126,531

121,322

122,530

114,386

108,666

111,129

110,532

112,534

104,348

102,011

98,351

94,590

91,237

93,937

91,631

85,001

81,520

84,200

85,175

82,821

87,230

Cost of goods sold

-

-

-

-

-

-

-

-

-

-

-

-

92,304

91,782

85,420

93,335

96,684

97,726

98,662

93,744

92,862

87,292

83,146

85,614

85,488

86,475

80,703

78,229

75,512

71,843

70,136

70,178

69,533

64,543

62,556

63,536

66,968

63,996

67,624

Gross margin

13,848

16,050

17,221

5,347

21,328

21,474

21,791

17,045

27,632

27,402

26,140

26,827

28,446

26,748

26,630

29,430

28,716

27,684

27,869

27,578

29,668

27,094

25,520

25,515

25,044

26,059

23,645

23,782

22,839

22,747

21,101

23,759

22,098

20,458

18,964

20,664

18,207

18,825

19,606

Selling, general and administrative

20,115

18,088

17,475

18,816

22,915

19,371

20,196

14,353

19,681

19,679

18,236

17,716

17,588

18,332

18,926

20,478

19,443

19,500

18,490

18,996

18,709

19,592

18,391

16,712

18,455

18,351

18,209

17,367

17,971

18,150

16,710

16,962

16,975

15,765

15,331

15,455

14,561

15,508

14,898

Restructuring expense

2,377

5,067

6,004

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Environmental remediation

-

-

-

-

-

-

-

-

3,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ERP impairment

-

-

-

-

18,668

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposal of assets

302

26

18,941

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of facility

-

-

-

-

-

-

-

0

0

0

1,835

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Litigation Settlement Reimbursements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,030

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Litigation settlement (costs) reimbursements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-250

-

-

-250

-

-

-

-

6,250

-

-

-

-

-

-

-

-

-

-

-

-

-

Litigation Settlement Reimbursements

-

-

-

-

-

-

-

-

-

-

-

-

-1,175

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FACILITY CLOSING COSTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,016

Operating loss

-8,342

-7,079

12,683

-26,597

-20,255

2,103

1,595

2,692

4,351

7,723

9,739

9,111

12,033

8,416

7,704

8,952

11,303

8,434

9,379

8,582

11,209

7,502

7,129

8,803

6,589

1,458

5,436

6,415

4,868

4,597

4,391

6,797

5,123

4,693

3,633

5,209

3,646

3,317

3,692

Total

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

52

619

-

471

422

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and other income

-

-

-

-

-

-

-

-

158

158

141

-

101

103

48

-78

-60

116

-50

431

131

86

619

119

471

422

502

244

140

65

161

112

140

45

125

99

129

14

101

Interest expense

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

9

24

37

-

54

34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

135

107

86

149

158

58

181

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before income taxes

-8,223

-6,972

12,769

-26,448

-20,097

2,161

1,776

2,856

4,509

7,881

9,880

9,181

12,134

8,519

7,752

8,875

11,234

8,526

9,292

8,971

11,286

7,554

7,748

8,922

7,060

1,880

5,938

6,659

5,008

4,662

4,552

6,909

5,263

4,738

3,758

5,308

3,775

3,331

3,793

Income tax benefit

-2,953

-1,588

3,218

-6,533

-4,545

595

480

670

1,430

1,660

3,700

3,160

4,510

3,130

3,000

2,710

4,290

3,160

3,530

3,190

4,330

2,870

2,870

3,290

2,640

710

2,170

2,420

1,890

1,740

1,680

2,510

1,920

1,790

1,380

1,820

1,320

1,200

1,450

Net loss

-5,270

-5,384

9,551

-19,915

-15,552

1,566

1,296

2,186

3,079

6,221

6,180

6,021

7,624

5,389

4,752

6,165

6,944

5,366

5,762

5,781

6,956

4,684

4,878

5,632

4,420

1,170

3,768

4,239

3,118

2,922

2,872

4,399

3,343

2,948

2,378

3,488

2,455

2,131

2,343

Weighted average number of common shares outstanding:
Basic

7,965

7,944

7,928

7,904

7,892

7,885

7,875

7,862

7,853

7,847

7,830

7,820

7,804

7,779

7,725

7,675

7,622

7,575

7,508

7,468

7,436

7,417

7,371

7,329

7,265

7,205

7,125

7,106

7,090

7,030

6,938

6,857

6,777

6,763

6,727

6,711

6,710

6,691

6,660

Diluted

7,965

7,944

8,190

7,826

7,892

7,917

7,921

7,872

7,930

7,937

7,937

7,878

7,922

7,906

7,838

7,642

7,836

7,821

7,761

7,769

7,702

7,694

7,667

7,400

7,675

7,537

7,432

7,380

7,408

7,275

7,241

7,079

7,017

6,967

6,969

6,985

6,968

6,924

6,839

Loss per share of common stock:
Basic

-0.66

-0.68

1.20

-2.52

-1.97

0.20

0.16

0.28

0.39

0.79

0.79

0.77

0.98

0.69

0.62

0.80

0.91

0.71

0.77

0.77

0.94

0.63

0.66

0.77

0.61

0.16

0.53

0.60

0.44

0.42

0.41

0.65

0.49

0.44

0.35

0.52

0.37

0.32

0.35

Diluted

-0.66

-0.68

1.17

-2.52

-1.97

0.20

0.16

0.28

0.39

0.78

0.78

0.77

0.96

0.68

0.61

0.80

0.89

0.69

0.74

0.74

0.90

0.61

0.64

0.75

0.58

0.16

0.51

0.58

0.42

0.40

0.40

0.62

0.48

0.42

0.34

0.50

0.35

0.31

0.34

Cash dividends declared per common share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.18

0.18

0.18

-

0.18

0.18

0.18

0.15

0.15

0.15

0.15

0.15

0.15

0.15

0.15

0.15

0.10

0.10

0.10

0.07

0.07

0.07

0.07