INTEST CORP INTT Balance Sheet

Intest corp (INTT)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Aug'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Current assets:
Cash and cash equivalents
7,318	7,612	8,025	7,594	8,191	17,861	14,202	10,713	14,438	13,290	11,499	7,596	27,455	28,611	26,345	25,003	24,951	25,710	25,383	23,466	22,485	23,126	20,147	19,616	18,853	19,018	16,751	16,032	15,384	15,576	14,700	11,699	10,101	13,957	12,064	8,879	6,895
Trade accounts receivable, net of allowance for doubtful accounts of $210 and $211, respectively
8,052	9,296	9,223	9,172	10,161	10,563	11,370	11,596	11,524	12,166	10,225	11,938	9,817	5,377	6,663	6,741	5,336	4,395	5,539	7,380	6,457	5,034	7,549	7,744	5,889	5,748	7,398	7,233	5,784	5,501	6,892	9,270	7,942	6,189	6,816	8,278	6,244
Inventories
7,720	7,182	7,721	7,183	7,146	6,520	7,104	6,859	6,668	4,966	6,033	6,212	3,921	3,676	3,397	3,314	3,454	3,520	3,802	4,019	4,165	3,769	3,786	3,873	3,803	3,243	3,484	3,360	3,418	3,135	3,843	4,449	4,740	3,896	4,674	4,267	3,489
Deferred tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	609	643	684	529	707	-	-	701	-	-	-	-	-	-	-	-	-	-	-
Deferred tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	717	643	-	1,132	925	1,096	1,004	438	472	473	453	483	-	-
Prepaid expenses and other current assets
686	805	905	544	763	677	780	434	657	577	714	629	374	342	457	296	611	639	399	271	414	473	413	261	325	371	387	246	386	363	373	251	302	302	367	166	430
Total current assets
23,776	24,895	25,874	24,493	26,261	35,621	33,456	29,602	33,287	30,999	28,471	26,375	41,567	38,006	36,862	35,354	34,352	34,264	35,732	35,779	34,205	32,931	32,602	32,211	29,513	29,081	29,152	27,796	26,068	25,579	26,246	26,141	23,558	24,797	24,404	21,590	17,058
Property and equipment:
Machinery and equipment
5,341	5,269	5,294	5,351	5,230	5,166	5,177	5,139	4,993	5,033	4,993	5,004	4,418	4,383	4,411	4,337	4,350	4,377	4,365	4,358	4,379	4,322	4,278	4,318	4,294	4,190	4,045	3,919	3,975	3,948	3,844	3,772	3,709	3,585	3,551	3,555	3,534
Leasehold improvements
2,423	2,424	2,357	2,341	2,340	2,341	2,332	2,332	1,861	822	730	711	604	603	604	603	603	603	603	595	591	593	593	594	594	594	594	594	593	591	576	567	533	514	513	514	765
Gross property and equipment
7,764	7,693	7,651	7,692	7,570	7,507	7,509	7,471	6,854	5,855	5,723	5,715	5,022	4,986	5,015	4,940	4,953	4,980	4,968	4,953	4,970	4,915	4,871	4,912	4,888	4,784	4,639	4,513	4,568	4,539	4,420	4,339	4,242	4,099	4,064	4,069	4,299
Less: accumulated depreciation
5,423	5,273	5,228	5,120	4,950	4,790	4,651	4,530	4,451	4,314	4,179	4,190	4,088	4,042	4,020	3,963	3,938	3,868	3,787	3,762	3,736	3,647	3,653	3,582	3,565	3,530	3,443	3,376	3,389	3,289	3,174	3,109	3,006	2,965	2,966	2,932	3,581
Net property and equipment
2,341	2,420	2,423	2,572	2,620	2,717	2,858	2,941	2,403	1,541	1,544	1,525	934	944	995	977	1,015	1,112	1,181	1,191	1,234	1,268	1,218	1,330	1,323	1,254	1,196	1,137	1,179	1,250	1,246	1,230	1,236	1,134	1,098	1,137	718
Right-of-use assets, net
5,691	4,842	5,138	5,548	4,023	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax assets
-	-	-	-	-	-	-	-	-	-	0	0	1,116	1,110	1,104	1,143	1,220	1,245	635	599	737	884	742	-	-	1,030	-	-	-	-	-	-	-	-	-	-	-
Deferred tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	924	1,068	-	958	943	937	1,034	1,555	1,638	2,015	2,028	2,422	-	-
Goodwill
13,738	13,738	13,738	13,738	13,738	13,738	13,738	13,738	13,738	13,738	13,738	18,526	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,835	1,656	1,656	1,656	1,656
Intangible assets, net
13,343	13,654	13,967	14,279	14,594	14,911	15,228	15,551	15,798	16,014	16,259	10,072	822	875	931	988	1,045	1,104	1,176	1,248	1,320	1,393	1,470	1,563	1,655	1,748	1,845	1,962	2,079	2,194	2,300	2,407	2,522	942	976	1,010	1,077
Restricted certificates of deposit
140	140	140	140	175	175	175	175	175	175	175	175	175	175	225	225	350	350	350	350	350	350	450	450	450	450	450	450	450	450	450	450	-	500	-	-	-
Restricted certificates of deposit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	-	500	700	-
Restricted certificates of deposit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	700
Other assets
30	26	25	26	31	25	26	30	32	26	27	31	33	28	209	214	218	203	193	199	193	206	195	211	220	212	191	184	184	186	165	195	202	180	171	181	199
Total assets
59,059	59,715	61,305	60,796	61,442	67,187	65,481	62,037	65,433	62,493	60,214	56,704	46,353	42,844	42,032	40,607	39,906	39,984	40,973	41,072	39,745	38,738	38,383	38,395	35,935	35,481	35,498	34,178	32,603	32,399	33,668	33,767	31,868	31,237	31,227	26,274	21,408
Current liabilities:
Accounts payable
2,299	1,984	2,728	2,412	2,508	1,787	3,025	2,738	3,280	2,032	2,363	2,823	1,833	1,368	1,252	1,474	1,365	909	1,545	1,713	1,908	1,234	1,553	1,713	1,561	1,064	1,507	1,328	1,399	1,041	1,488	2,117	1,941	1,031	1,733	2,105	1,672
Accrued wages and benefits
1,462	2,007	1,948	1,979	1,728	2,921	2,700	2,292	1,745	2,781	2,218	2,103	1,191	1,588	1,522	1,426	1,179	1,466	1,610	1,530	1,330	1,528	1,573	1,443	1,229	1,635	1,479	1,321	1,171	1,562	1,538	1,418	1,225	1,795	1,715	1,497	1,779
Accrued rent
-	-	-	-	-	-	-	-	515	-	530	537	544	572	557	578	606	657	605	592	596	615	604	593	595	577	570	558	544	529	508	461	416	407	403	-	83
Accrued professional fees
698	805	963	877	956	774	-	-	774	-	682	514	408	419	427	494	364	363	378	393	530	390	364	329	329	367	427	386	406	385	407	385	371	451	374	370	373
Customer deposits and deferred revenue
605	456	738	712	815	1,258	1,054	-	-	886	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued sales commissions
519	442	444	514	-	703	-	-	422	-	476	450	435	287	371	390	316	297	354	420	368	328	421	432	303	305	402	542	362	348	524	561	516	493	553	682	522
Current portion of operating lease liabilities
1,303	1,302	1,317	1,348	1,390	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer deposits and deferred revenue
-	-	-	-	-	-	-	731	769	-	1,111	787	-	74	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue and customer deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	147	198	204	255	-	-	-	425	-	-	-
Domestic and foreign income taxes payable
660	868	868	703	954	700	1,222	1,286	1,773	1,199	1,087	939	1,625	575	549	-	-	26	12	243	139	-	32	617	-	83	332	338	-	83	-	-	-	-	-	-	-
Earnout payable
-	-	-	-	2,119	12,167	9,339	6,282	5,833	5,355	0	1,051	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued warranty
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	285	-	231	286	274
Customer deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	186	532	419	-	419	-	84
Other current liabilities
470	497	590	571	1,076	1,108	2,243	2,351	527	2,166	400	528	397	173	356	304	394	341	393	459	367	275	337	413	438	301	257	336	410	376	636	709	-	436	358	-	478
Other accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	882	-
Domestic and foreign income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59	-
Deferred rent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	98	-
Total current liabilities
8,016	8,361	9,596	9,116	11,546	21,418	19,583	15,680	15,638	14,419	8,867	9,732	6,433	5,056	5,034	4,666	4,224	4,059	4,897	5,350	5,238	4,370	4,884	5,540	4,455	4,332	5,121	5,007	4,496	4,579	5,287	6,183	465	5,038	5,786	5,979	5,265
Operating lease liabilities, net of current portion
4,644	3,794	4,095	4,514	2,978	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent liability for repayment of state and local grant funds received
463	463	463	463	200	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liabilities
2,170	2,263	-	-	-	2,689	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal transition tax payable, net of current portion
-	-	-	-	-	-	0	0	436	436	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liabilities
-	-	2,382	2,500	2,600	-	2,395	2,464	2,539	2,606	4,010	4,103	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration liability, net of current portion
-	-	-	-	-	-	0	0	6,992	5,744	3,574	1,251	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent, net of current portion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39
Total liabilities
15,293	14,881	16,536	16,593	17,324	24,307	21,978	18,144	25,605	23,205	16,451	15,086	-	5,056	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,638	-	5,786	5,979	5,304
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
Stockholders' equity:
Preferred stock, $0.01 par value; 5,000,000 shares authorized; no shares issued or outstanding
-	-	-	-	-	-	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
Common stock, $0.01 par value; 20,000,000 shares authorized; 10,450,060 and 10,413,982 shares issued, respectively
105	104	106	106	106	105	105	105	105	104	104	104	104	104	104	104	105	105	106	106	106	106	106	106	106	106	105	105	105	105	105	105	105	105	105	105	105
Additional paid-in capital
26,368	26,256	26,971	26,908	26,695	26,513	26,331	26,151	25,980	25,860	25,808	25,702	25,604	25,578	25,668	25,695	25,854	26,286	26,412	26,382	26,351	26,321	26,291	26,261	26,228	26,187	26,146	26,118	26,087	26,030	26,010	26,040	26,062	26,035	26,008	26,039	25,973
Retained earnings
16,862	18,005	17,281	16,634	16,821	15,683	16,475	17,041	13,027	12,646	17,212	15,194	13,749	11,671	10,670	9,580	9,094	9,013	8,980	8,670	7,590	7,152	6,193	5,356	3,999	3,713	3,021	1,931	928	636	1,269	605	-729	-686	-1,455	-6,637	-10,549
Accumulated other comprehensive earnings
635	673	615	759	700	783	796	800	920	882	843	822	667	639	760	766	833	725	782	768	664	993	1,113	1,336	1,351	1,347	1,309	1,221	1,191	1,253	1,201	1,175	1,264	1,217	1,255	1,398	1,311
Treasury stock, at cost; 33,077 shares
204	204	204	204	204	204	204	204	204	204	204	204	204	204	204	204	204	204	204	204	204	204	204	204	204	204	204	204	204	204	204	341	472	472	472	610	736
Total stockholders' equity
43,766	44,834	44,769	44,203	44,118	42,880	43,503	43,893	39,828	39,288	43,763	41,618	39,920	37,788	36,998	35,941	35,682	35,925	36,076	35,722	34,507	34,368	33,499	32,855	31,480	31,149	30,377	29,171	28,107	27,820	28,381	27,584	26,230	26,199	25,441	20,295	16,104
Total liabilities and stockholders' equity
59,059	59,715	61,305	60,796	61,442	67,187	65,481	62,037	65,433	62,493	60,214	56,704	46,353	42,844	42,032	40,607	39,906	39,984	40,973	41,072	39,745	38,738	38,383	38,395	35,935	35,481	35,498	34,178	32,603	32,399	33,668	33,767	31,868	31,237	31,227	26,274	21,408