Hawkins, inc. (HWKN)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Apr'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'11
ASSETS
CURRENT ASSETS:
Cash and cash equivalents

4,277

7,265

4,056

5,607

9,199

7,300

4,039

5,177

4,990

4,990

7,635

3,775

2,770

6,861

8,381

16,650

21,227

20,014

20,815

20,758

18,071

18,639

18,994

26,701

21,803

33,486

27,860

29,111

17,097

28,715

24,583

29,707

34,085

28,566

19,280

23,714

23,284

18,940

Investments available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

410

10,056

13,959

14,485

16,072

15,435

13,030

13,843

13,951

15,095

16,048

15,625

18,799

17,888

12,499

12,210

10,971

9,256

10,325

15,286

Trade receivables less allowance for doubtful accounts of $784 for 2020 and $620 for 2019

67,391

56,046

65,396

69,026

63,966

61,431

66,370

67,938

63,507

63,507

57,867

59,294

61,855

57,298

52,282

52,841

57,485

59,271

51,797

37,315

39,764

40,355

34,626

35,598

39,917

37,946

34,318

36,808

37,762

35,920

35,266

36,003

38,833

38,069

35,381

36,545

36,796

35,736

Inventories

54,436

57,542

60,804

58,693

60,482

67,672

67,771

66,367

59,736

59,736

62,736

65,934

65,551

51,249

50,256

54,351

47,326

47,719

49,343

41,370

39,084

37,028

37,016

37,292

34,321

26,192

30,724

31,626

35,265

28,208

28,915

31,515

26,457

27,633

32,367

34,201

32,531

29,217

Income taxes receivable

0

609

0

0

527

84

0

0

2,643

2,643

0

680

897

1,273

994

0

3,549

6,062

3,019

0

0

732

340

-

-

0

-

-

-

-

1,378

0

1

2,447

0

0

0

2,197

Prepaid expenses and other current assets

4,927

5,587

2,848

4,777

5,235

5,693

1,686

3,461

4,106

4,106

4,818

2,540

3,323

4,238

5,084

2,518

3,498

4,222

4,562

2,016

2,527

3,101

3,203

1,704

2,449

3,160

3,398

1,348

2,144

2,613

2,888

1,057

1,485

1,930

2,394

2,381

2,532

2,872

Total current assets

131,031

127,049

133,104

138,103

139,409

142,180

139,866

142,943

134,982

134,982

133,056

132,223

134,396

120,919

116,997

126,360

133,085

137,288

129,946

111,515

113,405

114,340

110,251

116,730

111,520

114,627

110,251

113,988

108,316

111,081

111,829

116,170

113,360

110,855

100,393

106,097

105,468

104,248

PROPERTY, PLANT, AND EQUIPMENT:
Land

11,045

-

-

-

9,140

-

-

-

9,540

-

-

-

-

9,097

-

-

-

9,085

-

-

-

8,038

-

-

-

8,038

-

-

-

8,038

-

-

-

7,931

-

-

-

4,362

Buildings and improvements

108,175

-

-

-

96,389

-

-

-

96,105

-

-

-

-

89,840

-

-

-

84,391

-

-

-

73,095

-

-

-

68,801

-

-

-

68,268

-

-

-

55,066

-

-

-

47,107

Machinery and equipment

98,171

-

-

-

93,153

-

-

-

89,324

-

-

-

-

82,910

-

-

-

75,132

-

-

-

60,077

-

-

-

53,089

-

-

-

50,389

-

-

-

39,432

-

-

-

35,740

Transportation equipment

32,737

-

-

-

29,744

-

-

-

26,790

-

-

-

-

24,398

-

-

-

22,442

-

-

-

19,596

-

-

-

17,764

-

-

-

16,156

-

-

-

14,842

-

-

-

14,036

Office furniture and equipment

17,093

-

-

-

16,435

-

-

-

16,406

-

-

-

-

15,273

-

-

-

13,798

-

-

-

11,966

-

-

-

11,183

-

-

-

10,204

-

-

-

10,027

-

-

-

11,729

Property, plant and equipment, gross

267,221

262,194

257,996

253,544

244,861

242,886

241,017

239,863

238,165

238,165

235,742

233,559

227,064

221,518

218,248

213,165

209,546

204,848

200,476

181,123

175,861

172,772

168,027

164,597

161,480

158,875

159,464

156,228

156,186

153,055

146,280

-

-

127,298

-

-

-

112,974

Less accumulated depreciation

140,877

136,832

133,578

129,996

126,233

125,282

121,665

118,137

114,339

114,339

110,649

107,704

104,095

99,978

98,016

95,280

91,766

88,527

88,403

83,567

80,739

79,042

75,813

73,319

71,042

68,406

68,115

66,087

64,998

62,081

59,733

-

-

54,033

-

-

-

50,579

Net property, plant, and equipment

126,344

125,362

124,418

123,548

118,628

117,604

119,352

121,726

123,826

123,826

125,093

125,855

122,969

121,540

120,232

117,885

117,780

116,321

112,073

97,556

95,122

93,730

92,214

91,278

90,438

90,469

91,349

90,141

91,188

90,974

86,547

82,378

76,713

73,265

69,900

63,576

62,978

62,395

OTHER ASSETS:
Right-of-use assets

9,090

9,495

9,529

9,941

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

58,440

58,400

58,440

58,440

58,440

58,440

58,440

58,440

58,440

58,440

97,556

97,556

97,556

97,556

97,556

97,724

97,724

97,724

110,324

13,800

11,750

11,750

11,750

7,392

7,392

7,392

7,392

6,495

6,495

6,495

6,495

6,495

6,495

6,495

6,495

6,495

6,231

6,231

Intangible assets, net

60,653

61,921

63,189

64,457

65,726

66,994

68,369

69,774

71,179

71,179

72,603

74,027

75,454

76,883

78,370

79,891

81,413

82,934

63,960

12,648

11,070

11,154

11,416

8,144

8,327

8,509

8,692

7,372

7,525

7,678

7,831

7,984

8,034

8,186

8,341

8,496

8,650

8,811

Long-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,649

17,256

16,101

17,249

16,268

19,464

20,929

15,852

12,941

10,601

9,916

5,597

6,826

7,555

7,302

5,139

6,365

6,113

2,693

3,175

Other

3,770

4,312

4,362

4,468

3,396

3,226

3,769

3,832

2,564

2,564

2,436

2,235

2,956

1,686

1,586

1,051

2,120

2,224

244

427

480

239

203

218

315

344

322

244

286

323

345

151

120

141

161

111

127

145

Total other assets

131,953

134,168

135,520

137,306

127,562

128,660

130,578

132,046

132,183

132,183

172,595

173,818

175,966

176,125

177,512

178,666

181,257

182,882

177,177

44,143

39,401

40,392

39,637

35,218

36,963

32,097

29,347

24,712

24,222

20,093

-

-

-

19,961

-

-

-

18,362

Total assets

389,328

386,579

393,042

398,957

385,599

388,444

389,796

396,715

390,991

390,991

430,744

431,896

433,331

418,584

414,741

422,911

432,122

436,491

419,196

253,214

247,928

248,462

242,102

243,226

238,921

237,193

230,947

228,841

223,726

222,148

219,873

220,733

212,024

204,081

191,655

190,888

186,147

185,005

LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable — trade

34,129

26,744

29,624

31,971

29,314

29,269

35,482

36,703

33,424

33,424

28,077

26,800

27,917

29,756

21,857

27,708

29,337

30,121

24,297

20,292

18,345

20,083

18,205

18,691

21,555

18,306

17,500

17,979

20,076

18,516

20,604

25,609

28,261

18,623

15,676

18,418

23,112

23,350

Dividends payable

-

-

-

-

-

0

0

0

4,704

4,704

0

4,696

0

4,466

0

4,454

0

4,226

0

4,219

0

4,038

0

4,033

0

3,823

0

3,818

0

3,592

-

3,584

-

3,337

0

3,317

0

3,095

Accrued payroll and employee benefits

13,538

10,133

8,862

5,947

12,483

10,081

8,739

5,409

8,399

8,399

6,992

8,238

5,264

9,979

9,083

9,153

5,811

8,787

8,736

5,758

4,775

6,122

5,933

5,341

4,624

5,555

5,600

5,203

4,420

5,391

4,849

5,026

4,340

8,481

6,838

6,187

4,672

7,760

Current portion of long-term debt

9,907

9,907

9,907

9,907

9,907

9,907

9,864

9,864

9,864

9,864

9,864

9,239

8,614

7,989

7,364

6,739

6,114

5,489

5,000

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax payable

59

-

735

2,983

0

-

709

776

-

0

46

-

-

-

0

1,261

-

-

-

1,176

829

-

0

829

757

1,444

1,849

1,639

842

1,446

-

2,021

-

0

1,329

1,412

979

-

Short-term lease liability

1,523

1,571

1,664

1,707

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to sellers of acquired business

-

-

-

-

-

-

-

-

-

-

0

0

0

-

341

488

4,533

-

2,479

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,575

2,698

2,698

2,698

2,743

2,900

2,900

2,900

2,175

2,832

2,832

2,554

3,261

3,169

3,170

3,170

2,620

2,620

2,620

2,619

Container deposits

-

1,358

1,352

1,362

-

1,286

1,283

1,291

-

1,241

1,233

1,227

1,233

341

1,160

1,146

1,143

6,829

7,283

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Container deposits

1,376

-

-

-

1,299

-

-

-

1,241

-

-

-

-

1,174

-

-

-

1,081

-

-

-

1,008

-

-

-

-

-

-

-

-

-

1,036

1,051

-

1,053

1,042

1,022

978

Other current liabilities

1,688

1,568

1,709

1,812

2,393

2,540

2,745

2,487

2,935

2,935

2,335

2,264

1,958

1,967

2,093

2,149

2,634

3,232

6,908

3,513

3,763

2,394

3,500

3,666

4,003

3,801

4,278

4,192

4,410

3,626

3,928

2,066

1,897

2,678

1,668

1,487

1,522

1,669

Total current liabilities

62,220

51,281

53,853

55,689

55,396

53,083

58,822

56,530

60,567

60,567

48,547

52,464

44,986

55,672

41,898

53,098

49,572

59,765

57,278

37,656

30,410

36,343

30,381

35,460

33,839

35,829

31,402

35,663

32,580

35,125

32,642

42,511

38,719

36,289

29,184

34,483

33,927

39,471

LONG-TERM DEBT, LESS CURRENT PORTION

49,751

57,728

64,705

74,682

74,658

80,635

75,830

90,796

90,762

90,762

104,228

102,694

112,160

94,626

105,092

106,934

121,775

123,616

125,321

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

LONG-TERM LEASE LIABILITY

7,649

7,972

7,873

8,206

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

PENSION WITHDRAWAL LIABILITY

4,978

5,064

5,148

5,233

5,316

5,400

5,482

5,565

5,646

5,646

5,728

5,808

5,889

5,968

6,047

6,126

6,204

6,282

6,360

6,436

6,513

6,589

6,664

6,739

6,813

6,887

6,961

7,035

7,109

7,136

7,210

-

-

0

-

-

-

-

DEFERRED INCOME TAXES

-

26,577

26,581

26,606

-

27,242

27,387

27,392

27,383

27,383

25,315

41,998

41,994

42,040

42,717

42,164

42,242

42,242

29,756

9,991

10,014

9,978

10,395

10,194

10,180

10,186

9,870

8,033

8,042

8,062

10,467

10,477

10,422

10,422

7,791

7,865

7,872

7,876

OTHER LONG-TERM LIABILITIES

6,140

5,746

5,447

5,149

5,695

4,554

4,501

4,153

4,386

4,386

3,634

3,270

3,598

2,450

1,644

1,763

2,661

3,611

800

678

656

1,588

752

742

986

1,878

1,786

950

1,014

1,653

1,028

1,211

1,507

763

1,052

852

922

1,215

DEFERRED INCOME TAXES

25,106

-

-

-

26,673

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

155,844

154,368

163,607

175,565

167,738

170,914

172,022

184,436

188,744

188,744

187,452

206,234

208,627

200,756

197,398

210,085

222,454

235,516

219,515

54,761

47,593

54,498

48,192

53,135

51,818

54,780

50,019

51,681

48,745

51,976

51,347

54,199

50,648

47,474

38,027

43,200

42,721

48,562

Commitments and Contingencies

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

0

0

0

0

0

0

0

0

0

0

SHAREHOLDERS’ EQUITY:
Common stock; authorized: 30,000,000 shares of $0.05 par value; 10,512,229 and 10,592,450 shares issued and outstanding for 2020 and 2019, respectively

526

527

527

528

530

531

534

534

532

532

531

531

530

529

527

527

527

526

524

524

528

528

528

528

527

528

528

528

526

525

524

524

522

522

517

517

515

515

Additional paid-in capital

50,090

50,967

50,282

50,974

52,609

53,478

55,270

54,757

53,877

53,877

53,016

52,653

52,216

51,104

50,391

49,815

49,277

48,189

47,531

47,123

50,426

50,901

50,716

50,033

49,180

50,502

49,651

49,307

48,505

48,779

47,639

46,995

45,567

45,169

42,512

42,009

41,322

41,060

Retained earnings

182,947

180,659

178,557

171,752

164,405

163,083

161,362

156,365

147,242

147,242

189,386

172,243

171,728

165,897

166,153

162,605

159,869

152,265

151,632

150,817

149,358

142,567

142,705

139,561

137,448

131,427

130,954

127,475

126,086

120,974

120,401

119,054

115,408

111,039

110,870

105,323

101,739

95,013

Accumulated other comprehensive income

-79

58

69

138

317

438

608

623

596

596

359

235

230

298

272

-121

-5

-5

-6

-11

23

-32

-39

-31

-52

-44

-205

-150

-136

-106

-38

-39

-121

-123

-271

-161

-150

-145

Total shareholders’ equity

233,484

232,211

229,435

223,392

217,861

217,530

217,774

212,279

202,247

202,247

243,292

225,662

224,704

217,828

217,343

212,826

209,668

200,975

199,681

198,453

200,335

193,964

193,910

190,091

187,103

182,413

180,928

177,160

174,981

170,172

168,526

166,534

161,376

156,607

153,628

147,688

143,426

136,443

Total liabilities and shareholders’ equity

389,328

386,579

393,042

398,957

385,599

388,444

389,796

396,715

390,991

390,991

430,744

431,896

433,331

418,584

414,741

422,911

432,122

436,491

419,196

253,214

247,928

248,462

242,102

243,226

238,921

237,193

230,947

228,841

223,726

222,148

219,873

220,733

212,024

204,081

191,655

190,888

186,147

185,005