Lgl group inc (LGL)
Balance Sheet / TTM
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'11Dec'10
ASSETS
Current Assets:
Cash and cash equivalents

16,631

12,453

11,161

9,820

10,298

15,508

2,386

1,565

1,483

13,250

1,976

2,158

1,989

2,778

5,453

5,563

5,576

5,553

5,941

5,431

5,048

5,192

5,496

6,125

6,097

7,183

7,912

7,613

7,824

8,625

9,484

7,926

13,392

13,709

13,716

10,985

4,147

Marketable securities

5,306

5,631

8,954

8,920

8,852

3,775

-

-

-

3,803

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketable securities

-

-

-

-

-

-

16,261

15,664

15,590

-

3,787

3,813

3,793

2,770

-

-

-

56

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash (Note C)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,500

-

1,500

-

-

-

-

-

-

-

-

-

-

-

Restricted cash (Note E)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,500

-

1,500

1,500

1,500

1,500

1,500

4,000

-

0

-

-

-

Accounts receivable, net of allowances of $105 and $109, respectively

4,819

4,445

4,902

5,041

4,399

3,394

4,105

3,880

3,652

3,393

3,237

3,065

3,186

3,504

3,064

3,137

2,544

2,606

2,201

2,962

3,152

3,266

3,482

3,442

3,771

3,237

3,278

3,960

4,479

4,350

4,049

4,245

3,807

4,309

5,820

5,190

5,782

Inventories, net

5,986

6,016

6,476

5,761

5,173

4,466

4,417

4,302

4,008

3,875

3,907

4,082

4,050

3,638

3,697

3,477

3,550

3,546

3,747

3,765

4,030

4,198

4,423

4,551

4,379

4,629

4,825

5,325

5,460

5,349

5,434

5,908

5,840

5,676

6,114

6,869

5,947

Deferred income taxes (Note K)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

1,114

1,114

960

960

960

960

1,295

1,295

1,295

Prepaid expenses and other current assets

341

365

352

271

295

242

285

168

262

229

214

207

294

200

365

227

359

191

217

222

317

278

288

307

309

405

332

465

541

665

289

259

279

292

278

310

317

Total Current Assets

33,083

28,910

31,845

29,813

29,017

27,385

27,454

25,579

24,995

24,550

13,121

13,325

13,312

12,890

12,579

12,404

12,029

11,952

12,106

12,380

12,547

12,934

13,689

15,925

16,056

16,954

17,847

18,863

20,918

21,603

21,716

23,298

24,278

24,946

27,223

24,649

17,488

Property, plant and equipment:
Land

536

536

536

536

536

536

536

536

536

536

536

633

633

633

633

633

633

633

633

633

633

633

633

633

633

633

633

640

640

640

640

640

640

640

640

672

668

Buildings and improvements

4,651

4,651

4,570

4,545

4,315

4,029

3,973

3,973

3,973

3,973

3,973

3,966

3,966

3,966

3,946

3,946

3,938

3,938

3,928

3,928

3,922

3,922

3,908

3,908

3,908

3,908

3,849

3,849

3,793

3,785

3,776

3,776

3,652

3,620

3,567

5,447

5,000

Machinery and equipment

17,583

17,527

17,272

17,188

17,129

17,012

16,977

17,176

17,146

16,974

16,959

16,877

16,854

16,849

16,809

16,688

16,681

16,633

16,590

16,495

16,570

16,314

16,264

16,152

16,111

15,980

15,948

15,818

15,787

15,655

15,564

15,374

15,263

15,001

14,646

14,633

13,918

Gross property, plant and equipment

22,770

22,714

22,378

22,269

21,980

21,577

21,486

21,685

21,655

21,483

21,468

21,476

21,453

21,448

21,388

21,267

21,252

21,204

21,151

21,056

21,125

20,869

20,805

20,693

20,652

20,521

20,430

20,307

20,220

20,080

19,980

19,790

19,555

19,261

18,853

20,752

19,586

Less: accumulated depreciation

19,999

19,883

19,775

19,693

19,592

19,491

19,390

19,515

19,408

19,304

19,201

19,061

18,904

18,737

18,570

18,402

18,229

18,039

17,841

17,640

17,524

17,322

17,157

16,956

16,746

16,535

16,053

15,814

15,590

15,373

15,158

14,977

14,891

14,731

14,554

16,094

15,758

Net property, plant, and equipment

2,771

2,831

2,603

2,576

2,388

2,086

2,096

2,170

2,247

2,179

2,267

2,415

2,549

2,711

2,818

2,865

3,023

3,165

3,310

3,416

3,601

3,547

3,648

3,737

3,906

3,986

4,377

4,493

4,630

4,707

4,822

4,813

4,664

4,530

4,299

4,658

3,828

Equity investment in unconsoldiated subsidiary

3,295

3,334

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net

3,248

3,307

3,433

103

114

127

145

155

180

173

202

196

221

214

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

383

402

421

439

458

477

496

515

532

552

572

590

609

628

647

448

461

475

488

502

-

528

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use lease asset

318

331

364

408

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net (Note D)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

515

-

-

-

0

-

0

0

3,021

2,808

2,909

2,762

2,651

2,385

1,842

1,842

2,055

Intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

76

-

-

-

-

-

-

-

-

-

-

-

Other assets

-

102

-

-

142

-

-

-

2

101

337

219

204

203

202

206

208

211

213

249

250

253

802

814

838

247

400

344

367

475

530

536

552

560

575

269

354

Total Assets

43,098

39,217

38,666

33,339

32,119

30,075

30,191

28,419

27,956

27,555

16,499

16,745

16,895

16,646

16,246

15,923

15,721

15,803

16,117

16,547

16,913

17,262

18,139

20,476

20,800

21,263

22,624

23,700

28,936

29,593

29,977

31,409

32,145

32,421

33,939

31,418

23,725

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Note payable to bank

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,500

1,395

1,181

1,086

881

1,382

1,249

1,450

2,517

2,956

3,026

3,351

-

0

Accounts payable

1,639

1,865

2,266

2,255

2,428

1,418

1,369

1,339

1,499

1,477

1,278

1,596

1,511

1,525

1,293

1,208

1,104

987

1,021

1,115

1,548

1,719

2,193

2,117

2,254

1,978

1,538

1,739

1,737

2,452

2,178

2,057

2,392

1,755

2,304

2,880

2,033

Accrued compensation and commissions

2,224

1,832

1,783

1,211

1,280

1,143

1,441

1,180

1,052

872

881

846

1,002

942

903

779

721

769

814

890

733

681

840

982

795

992

927

1,066

944

1,011

1,043

1,328

1,098

1,102

1,203

1,447

1,302

Accrued warranty expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

118

105

-

146

-

-

242

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued restructuring expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88

350

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued warranty expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

178

213

-

295

366

-

22

-

-

-

-

-

-

-

-

-

-

-

Other accrued expenses

837

627

836

749

429

191

365

300

255

278

251

224

352

288

409

220

209

320

337

380

334

383

329

295

324

335

380

241

226

209

504

310

291

545

877

689

1,025

Current maturities of long-term debt (Note C)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

58

145

231

316

400

338

335

299

Total Current Liabilities

4,700

4,324

4,885

4,215

4,137

2,752

3,175

2,819

2,806

2,627

2,410

2,666

2,865

2,755

2,605

2,325

2,139

2,076

2,318

2,563

2,828

3,025

3,745

5,610

4,768

4,508

3,931

3,927

4,289

4,979

5,320

6,443

7,053

6,828

8,073

5,351

4,659

Long-term debt, net of current portion (Note C)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

-

0

145

201

370

Total Liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,768

-

3,931

3,927

4,289

4,979

5,320

6,443

7,053

6,828

8,218

5,552

5,029

Commitments and Contingencies (Note N)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

0

-

Stockholders’ Equity
Common stock, $0.01 par value - 10,000,000 shares authorized; 5,337,372 shares issued and 5,210,788 shares outstanding at March 31, 2020, and 5,014,647 shares issued and 4,933,063 shares outstanding at December 31, 2019

53

50

49

49

49

49

49

47

47

47

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

26

26

26

26

26

26

26

26

22

Additional paid-in capital

44,895

41,576

41,430

41,303

41,100

41,023

40,978

40,042

40,064

40,035

29,195

29,188

29,180

29,173

29,102

29,093

29,090

29,106

29,042

29,028

28,914

28,901

28,806

28,779

28,683

28,593

28,471

28,336

28,194

28,084

27,926

27,834

27,745

27,656

27,495

27,411

20,893

Accumulated deficit

-5,970

-6,153

-7,118

-11,648

-12,587

-13,169

-13,431

-13,909

-14,381

-14,609

-14,578

-14,595

-14,615

-14,726

-14,952

-14,984

-15,000

-14,874

-14,737

-14,542

-14,341

-14,163

-13,908

-13,416

-12,147

-11,338

-9,365

-8,166

-3,202

-3,119

-2,921

-2,607

-2,392

-1,799

-1,503

-1,594

-2,181

Treasury stock, 81,584 shares held in treasury at cost at March 31, 2020 and December 31, 2019

580

580

580

580

580

580

580

580

580

580

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Treasury stock, 81,584 shares held in treasury at cost at December 31, 2017 and 2016

-

-

-

-

-

-

-

-

-

-

580

580

580

580

576

572

572

572

572

572

572

572

572

572

572

572

486

464

405

405

405

315

315

315

-315

-

0

Accumulated other comprehensive income

-

-

-

-

-

-

-

-

-

35

25

39

18

-3

40

34

37

40

39

43

57

44

41

48

41

45

46

40

34

28

31

28

28

25

18

23

-38

Total Stockholders' Equity

38,398

34,893

33,781

29,124

27,982

27,323

27,016

25,600

25,150

24,928

14,089

14,079

14,030

13,891

13,641

13,598

13,582

13,727

13,799

13,984

14,085

14,237

14,394

14,866

16,032

16,755

18,693

19,773

24,647

24,614

24,657

24,966

25,092

25,593

25,721

25,866

18,696

Total Liabilities and Stockholders' Equity

43,098

39,217

38,666

33,339

32,119

30,075

30,191

28,419

27,956

27,555

16,499

16,745

16,895

16,646

16,246

15,923

15,721

15,803

16,117

16,547

16,913

17,262

18,139

20,476

20,800

21,263

22,624

23,700

28,936

29,593

29,977

31,409

32,145

32,421

33,939

31,418

23,725