RCM TECHNOLOGIES INC RCMT Balance Sheet

Rcm technologies inc (RCMT)

Balance Sheet / Yearly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'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
642	1,847	393	868	1,693	482	710	431	452	2,851	2,851	825	391	293	279	303	234	103	985	4,542	2,646	528	6,411	8,305	11,611	5,595	9,317	14,049	13,195	13,896	14,123	30,212	29,152	31,478	28,417	32,578	23,488	24,704
Accounts receivable, net
50,767	59,760	57,470	58,230	58,613	52,335	46,663	51,741	51,913	46,080	46,080	41,942	43,152	44,344	45,170	42,925	48,419	53,494	50,946	52,766	60,854	62,277	59,187	60,529	59,307	59,955	55,726	54,828	49,089	49,499	43,706	37,949	39,986	39,787	39,031	38,574	43,162	41,213
Transit accounts receivable
1,891	4,906	3,665	1,780	826	2,569	4,365	1,227	1,089	3,002	3,002	1,664	2,370	1,362	4,295	3,523	2,281	2,084	7,481	3,882	4,160	4,585	3,797	6,937	4,334	4,265	3,953	5,374	5,899	6,785	10,010	3,333	4,565	1,159	3,029	5,817	-	-
Prepaid expenses and other current assets
3,944	4,144	3,400	3,057	3,494	3,425	3,947	3,056	3,662	3,706	3,706	3,212	3,079	3,347	3,327	2,749	3,018	3,521	4,508	2,342	2,507	2,390	2,368	2,300	3,751	3,101	1,875	1,244	1,612	1,481	1,965	1,969	-	-	2,087	-	-	1,841
Prepaid expenses and other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,677	2,320	-	2,721	2,425	-
Deferred income tax assets, domestic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	609	796	802	809	816	981	1,262	1,821	1,833	485	497	519	541	686	669	666	-	827	827	827
Deferred income tax assets, domestic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	665	-	-	-
Assets of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	2	2
Total current assets
57,244	70,657	64,928	63,935	64,626	58,811	55,685	56,455	57,116	55,639	55,639	47,643	48,992	49,346	53,071	49,500	53,952	59,202	64,529	64,328	70,969	70,589	72,579	79,052	80,265	74,737	72,704	75,980	70,292	72,180	70,345	74,149	77,049	75,410	73,229	80,519	69,904	68,587
Property and equipment, net
2,493	2,717	2,841	3,083	3,271	3,485	3,694	3,259	3,337	3,446	3,446	3,619	3,829	3,763	4,052	4,316	4,611	4,725	4,698	4,833	3,682	3,620	3,297	3,445	3,130	2,482	2,291	2,219	2,252	1,963	1,880	1,949	2,162	2,355	2,535	2,752	2,925	3,295
Other assets:
Deposits
209	209	210	214	215	214	224	230	226	215	215	207	210	212	212	225	213	226	227	212	212	232	231	232	218	202	159	203	210	244	244	307	273	273	199	201	195	183
Deferred tax asset, net, domestic
1,799	-	-	-	-	725	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax assets, domestic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32	129	230	-	395	513	631	749	1,169	1,316	1,462	1,609	1,773	1,916	2,059	2,202	2,422	2,414	2,550	-	2,902	3,035	3,303
Goodwill
16,354	16,354	16,354	17,532	17,532	17,532	11,685	11,685	11,685	11,685	11,685	12,458	12,458	12,325	12,325	11,630	11,630	11,630	11,630	11,630	10,223	10,223	10,223	10,223	9,545	9,545	9,545	9,545	9,545	9,545	9,545	9,545	7,319	7,319	7,319	7,319	7,319	7,319
Operating right of use asset
5,516	5,820	6,290	6,101	5,816	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible assets, net
336	416	496	578	661	743	65	71	87	105	105	121	137	154	171	189	206	229	252	276	155	172	194	219	176	196	216	236	256	294	332	370	158	184	210	237	264	325
Deferred tax assets, net, domestic
-	-	621	656	690	-	2,075	2,113	2,101	2,189	2,189	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other assets
24,214	22,799	23,971	25,081	24,914	19,214	-	-	-	-	14,194	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax assets, domestic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,686	-	-	-
Total other assets
-	-	-	-	-	-	14,049	14,099	14,099	14,194	-	12,786	12,805	12,691	12,708	12,076	12,178	12,315	12,109	12,513	11,103	11,258	11,397	11,843	11,255	11,405	11,529	11,757	11,927	12,142	12,323	12,644	-	-	10,414	-	-	-
Total other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,164	10,326	-	10,659	10,813	11,130
Total assets
83,951	96,173	91,740	92,099	92,811	81,510	73,428	73,813	74,552	73,279	73,279	64,048	65,626	65,800	69,831	65,892	70,741	76,242	81,336	81,674	85,754	85,467	87,273	94,340	94,650	88,624	86,524	89,956	84,471	86,285	84,548	88,742	89,375	88,091	86,178	93,930	83,642	83,012
Current liabilities:
Borrowings under line of credit
32,767	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
5,969	6,220	6,349	8,106	8,590	9,969	8,099	6,878	7,404	8,634	8,634	7,096	7,740	7,545	8,154	6,210	6,033	7,439	7,863	7,623	6,585	8,980	7,693	8,712	11,501	9,708	9,671	11,374	8,605	7,499	6,334	5,386	4,207	4,860	5,107	5,327	-	-
Transit accounts payable
2,507	4,552	4,527	2,680	-	2,506	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transit accounts payable
-	-	-	-	810	-	4,461	1,789	1,503	4,661	4,661	2,968	4,579	4,059	6,776	5,906	5,483	6,428	8,995	4,502	5,331	5,412	6,658	7,021	6,823	4,282	3,905	5,808	6,662	10,487	11,987	3,911	9,079	2,087	3,030	8,193	-	-
Accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,106	6,004
Accrued payroll and related costs
6,373	7,713	7,057	7,823	8,161	9,028	8,658	9,414	7,696	7,780	7,780	7,089	7,656	7,236	7,185	6,316	7,828	6,826	8,606	7,456	7,776	6,055	7,783	9,221	10,154	11,154	10,104	7,951	6,360	7,114	6,241	7,730	5,644	7,292	5,831	8,474	6,600	6,950
Finance lease payable
309	315	287	291	290	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes payable
149	130	538	381	50	97	916	658	98	372	372	1,514	1,004	694	537	1,307	1,144	339	343	958	373	632	860	703	352	95	404	1,006	449	486	119	458	719	826	226	471	133	-
Operating right of use liability
2,157	2,134	2,275	2,093	1,962	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liability for contingent consideration from acquisitions
344	344	388	450	1,392	1,588	553	482	741	741	741	992	1,525	-	1,061	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax liability, foreign
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	160	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	1,053	-	229	190	787	822	389	389	775	479	310	310	210	407	313	313	-	309	-	-	-	-	-	-	-
Deferred income tax liability, foreign
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	-	-	-
Contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	217	-	228	11	11	11	48	177	121
Total current liabilities
50,575	21,408	21,421	21,824	21,255	23,188	22,687	19,221	17,442	22,188	22,188	19,659	22,504	20,587	23,713	19,968	20,678	21,819	26,629	21,068	20,605	21,616	23,633	26,094	29,268	25,574	24,739	26,554	22,459	25,874	25,063	17,800	19,747	15,163	14,290	22,524	12,029	13,159
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39
Liabilities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	13	45
Deferred tax liability, foreign
-	-	402	401	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	140	151	148	0	127	128	125	132	102	70	71	73	87	87	87	-	-	-	-
Finance lease payable
115	189	194	270	343	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liability for contingent consideration from acquisitions
2,750	2,714	2,673	3,845	3,185	3,185	1,180	1,251	1,350	1,350	1,350	240	240	-	170	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating right of use liability
3,615	3,921	4,264	4,267	4,122	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	170	-	782	897	978	978	1,521	775	389	775	1,072	307	407	523	617	617	-	713	-	-	-	-	-	-	-
Borrowings under line of credit
-	34,761	31,735	30,943	34,429	27,540	24,460	29,202	32,014	27,279	27,279	9,451	10,092	12,725	14,311	11,151	14,890	19,900	21,000	15,000	20,000	20,000	20,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	713	-	897	184	184	227	227	189	245
Total liabilities
57,415	63,770	60,689	61,550	63,732	54,311	48,751	50,096	51,234	51,248	51,248	30,045	33,413	33,961	38,576	32,163	36,731	42,955	49,133	37,589	41,380	42,391	44,408	27,166	29,575	25,981	25,146	27,171	23,076	26,587	25,776	18,697	19,931	15,347	14,517	-	-	-
Commitments and contingencies (note 16)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stockholders’ equity:
Preferred stock, $1.00 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, $0.05 par value; 40,000,000 shares authorized; 15,944,142 shares issued and 13,120,970 shares outstanding at March 28, 2020 and 15,826,891 shares issued and 13,003,719 shares outstanding at December 28, 2019
797	791	788	785	784	778	755	753	753	751	751	741	739	738	736	732	730	730	728	711	709	709	707	701	699	697	695	692	690	689	688	672	670	669	666	665	663	661
Additional paid-in capital
108,655	108,452	108,121	107,932	107,726	107,326	105,243	104,933	104,844	104,540	104,540	116,587	116,191	116,000	115,607	115,309	114,922	114,718	114,331	113,824	113,336	113,029	112,529	111,755	111,372	110,996	110,605	110,258	109,962	109,712	109,390	108,699	108,553	108,482	108,203	108,144	108,026	107,817
Accumulated other comprehensive loss
-2,879	-2,748	-2,757	-2,732	-2,744	-2,755	-2,572	-2,536	-2,465	-2,395	-2,395	-2,209	-2,581	-2,574	-2,578	-2,447	-2,364	-2,553	-2,845	-2,519	-1,286	-1,588	91	524	687	484	815	1,022	1,072	1,096	1,370	1,416	1,241	1,341	1,306	1,352	1,512	1,415
Accumulated deficit
-65,050	-59,105	-60,114	-60,449	-61,700	-63,163	-63,762	-64,446	-64,827	-65,878	-65,878	-66,129	-67,149	-67,338	-67,888	-67,672	-67,782	-68,645	-69,646	-59,894	-60,856	-61,545	-62,933	-38,306	-40,183	-42,034	-43,237	-41,687	-42,829	-44,299	-45,259	-33,604	-34,237	-34,742	-35,801	-36,938	-37,662	-40,079
Treasury stock (2,823,172 shares at March 28, 2020 and December 28, 2019) at cost
14,987	14,987	14,987	14,987	14,987	14,987	14,987	14,987	14,987	14,987	14,987	14,987	14,987	14,987	14,622	12,193	11,496	10,963	10,365	8,037	7,529	7,529	7,529	7,500	7,500	7,500	7,500	7,500	7,500	7,500	7,417	7,138	6,783	3,006	2,713	2,044	1,115	206
Stockholders’ equity
26,536	32,403	31,051	30,549	29,079	27,199	24,677	23,717	23,318	22,031	22,031	34,003	32,213	31,839	31,255	33,729	34,010	33,287	32,203	44,085	44,374	43,076	42,865	67,174	65,075	62,643	61,378	62,785	61,395	59,698	58,772	70,045	69,444	72,744	71,661	71,179	71,424	69,608
Total liabilities and stockholders’ equity
83,951	96,173	91,740	92,099	92,811	81,510	73,428	73,813	74,552	73,279	73,279	64,048	65,626	65,800	69,831	65,892	70,741	76,242	81,336	81,674	85,754	85,467	87,273	94,340	94,650	88,624	86,524	89,956	84,471	86,285	84,548	88,742	89,375	88,091	86,178	93,930	83,642	83,012
Foreign Tax Authority [Member]
Deferred tax liability
360	382	-	-	-	398	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liability
-	-	-	-	398	-	-	-	-	-	431	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Domestic Tax Authority [Member]
Deferred tax liability
-	395	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-