Landec corporation (LNDC)
Income statement / Yearly
May'19May'18May'18May'17May'17May'16May'15May'14May'13May'12May'11May'10
Product sales

557,559

-

524,227

-

469,776

-

-

-

-

-

-

-

Product sales

-

-

-

-

-

-

539,257

476,813

441,708

317,552

273,338

228,390

Services revenue, related party

-

-

-

-

-

-

-

-

-

-

3,391

3,699

License fees

-

-

-

-

-

-

-

-

-

-

-

5,400

Research, development and royalty revenues

-

-

-

-

-

-

-

-

-

-

-

735

Product sales

-

524,227

-

469,776

-

476,918

-

-

-

-

276,729

238,224

Cost of product sales

476,556

445,889

445,889

390,564

390,564

410,137

-

-

-

-

-

-

Cost of product sales

-

-

-

-

-

-

473,850

414,249

378,948

265,414

227,167

198,075

Cost of product sales, related party

-

-

-

-

-

-

-

-

-

-

-

3,391

Cost of services revenue

-

-

-

-

-

-

-

-

-

-

2,867

2,992

Total cost of revenue

-

-

-

-

-

-

-

-

-

-

230,034

204,458

Gross profit

81,003

78,338

78,338

79,212

79,212

66,781

65,407

62,564

62,760

52,138

46,695

33,766

Operating costs and expenses:
Research and development

11,466

12,800

12,800

9,473

9,473

7,228

6,988

7,204

9,294

9,625

9,275

4,361

Selling, general and administrative

64,062

51,951

51,951

52,491

52,491

46,181

39,958

35,170

32,531

26,515

24,608

17,698

Legal settlement charge

0

0

0

-2,580

-2,580

0

0

-

-

-

-

-

Impairment of GreenLine trade name

-

0

-

0

-

34,000

0

0

-

-

-

-

Other operating expenses

-

-

-

-

-

-

-

-

-3,933

-

-

3,725

Other operating expenses

-

-

-

-

-

-

-

-

-

1,421

-

-

Other operating expenses

-

-

-

-

-

-

-

-

-

-

4,780

-

Total operating costs and expenses

75,528

64,751

64,751

64,544

64,544

87,409

46,946

42,374

37,892

37,561

38,663

25,784

Operating (loss) income

5,475

13,587

13,587

14,668

14,668

-20,628

18,461

20,190

24,868

14,577

8,032

7,982

Dividend income

1,650

1,650

1,650

1,650

1,650

1,650

1,417

1,125

1,125

1,125

328

-

Interest income

145

211

211

16

16

71

315

260

179

180

430

834

Gain (Loss) on Extinguishment of Debt

0

0

0

-1,233

-1,233

0

0

-

-

-

-

-

Interest expense

-

-

-

-

-

-

-

1,650

2,008

929

820

88

Interest Expense, Net

5,230

1,950

1,950

1,826

1,826

1,987

1,829

-

-

-

-

-

Other income

1,600

2,900

2,900

900

900

1,200

3,107

10,000

8,100

5,331

472

-

Net (loss) income from continuing operations before tax

3,640

16,398

16,398

14,175

14,175

-19,694

21,471

-

-

-

8,442

8,728

Income tax benefit (expense)

1,518

-9,363

-9,363

4,040

4,040

-7,704

7,746

-

-

-

4,181

-4,262

Net (loss) income from continuing operations

2,122

25,761

25,761

10,135

10,135

-11,990

-

-

-

-

-

-

Discontinued operations:
Loss from discontinued operations

-2,238

-1,188

-1,188

837

837

842

-

-

-

-

-

-

Income tax benefit

-527

-350

-350

295

295

300

-

-

-

-

-

-

Loss from discontinued operations, net of tax

-1,711

-838

-838

542

542

542

-

-

-

-

-

-

Net income before taxes

-

-

-

-

-

-

-

29,925

32,264

-

-

-

Income tax expense

-

-

-

-

-

-

-

10,583

9,452

-

-

-

Income tax expense

-

-

-

-

-

-

-

-

-

7,185

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

411

24,923

24,923

10,677

10,677

-11,448

13,725

19,342

22,812

13,099

4,261

4,466

Non-controlling interest expense

0

94

94

87

87

193

181

197

225

403

341

482

Net (loss) income applicable to common stockholders

411

24,829

24,829

10,590

10,590

-11,641

13,544

-

-

-

3,920

3,984

Basic net loss per share:
(Loss) income from continuing operations (in dollars per share)

0.07

0.93

0.93

0.37

0.37

-0.45

-

-

-

-

-

-

Loss from discontinued operations (in dollars per share)

-0.06

-0.03

-0.03

0.02

0.02

0.02

-

-

-

-

-

-

Total basic net loss per share (in dollars per share)

0.01

0.90

0.90

0.39

0.39

-0.43

0.50

0.72

0.87

0.49

0.15

0.15

Diluted net loss per share:
(Loss) income from continuing operations (in dollars per share)

0.07

0.92

0.92

0.36

0.36

-0.45

-

-

-

-

-

-

Loss from discontinued operations (in dollars per share)

-0.06

-0.03

-0.03

0.02

0.02

0.02

-

-

-

-

-

-

Total diluted net loss per share (in dollars per share)

0.01

0.89

0.89

0.38

0.38

-0.43

0.50

0.71

0.85

0.49

0.15

0.15

Shares used in per share computation
Basic (in shares)

28,359

27,535

27,535

27,276

27,276

27,044

26,884

26,628

25

25,849

26,397

26

Diluted (in shares)

28,607

27,915

27,915

27,652

27,652

27,044

27,336

27,120

26

26,126

26,626

26

Other comprehensive loss, net of tax:
Net unrealized losses on interest rate swaps (net of tax effect of $124, $215, $305, $190)

-

-

-

-

-

-

0

-

-

-

-

-

Other comprehensive loss, net of tax

-

-

-

-

-

-

0

-

-

-

-

-

Total comprehensive (loss) income

-

-

-

-

-

-

13,544

-

-

-

-

-

Other comprehensive income, net

-

-

-

-

-

-

-

-

-

20,284

-

-

Total comprehensive (loss) income

-

-

-

-

-

-

-

19,145

22,587

12,696

-

-