Sparton corp. (SPA)
Balance Sheet / Quarterly
Dec'18Sep'18Jul'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'11
Assets
Current Assets:
Cash and Cash Equivalents, at Carrying Value

1,385

1,170

1,160

1,160

792

1,104

319

988

1,032

589

718

132

834

4,830

2,187

14,914

5,581

3,236

6,546

8,028

7,502

1,009

2,719

6,085

4,358

6,066

43,096

46,950

26,682

30,610

26,984

24,550

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

535

535

-

-

-

-

-

-

Accounts Receivable, Net, Current

47,280

46,011

60,454

60,454

65,730

54,466

53,933

45,347

48,092

47,396

48,206

46,759

61,096

56,225

59,926

70,974

46,332

40,061

40,239

48,697

46,259

44,806

51,093

49,572

38,366

40,821

25,772

29,618

31,969

24,411

29,199

23,896

Inventories and cost of contracts in progress, net

86,295

91,230

72,406

72,406

70,155

65,423

69,982

60,248

64,966

59,871

67,771

77,871

79,959

76,717

86,589

79,503

64,340

56,333

57,201

53,372

51,466

52,393

55,658

46,334

46,928

45,367

38,467

35,102

39,252

38,545

41,816

38,752

Legal settlements - insurance receivable

0

4,500

4,500

4,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

4,714

4,714

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

305

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,714

-

4,248

3,816

3,811

3,813

2,779

3,054

3,332

2,951

2,020

2,020

2,020

2,020

1,341

2,483

3,552

4,417

Prepaid expenses and other current assets

8,131

6,823

3,944

3,944

3,639

4,177

4,443

3,851

4,933

5,615

5,905

5,844

8,132

7,677

7,328

5,488

4,957

5,519

4,684

2,654

3,999

3,844

1,765

1,731

3,784

5,251

2,042

2,054

2,673

2,984

3,312

1,796

Assets, Current

143,091

149,734

142,464

142,464

140,316

125,170

128,677

110,434

119,023

113,471

122,600

130,606

154,735

150,163

160,744

170,879

125,458

108,965

112,481

116,564

112,005

105,106

114,567

106,673

95,991

100,060

111,397

115,744

101,917

99,033

105,168

93,411

Property, Plant and Equipment, Net

31,969

32,024

32,790

32,790

33,760

34,484

33,374

34,455

33,819

32,901

32,939

33,320

34,045

33,839

32,896

32,608

29,777

28,831

29,288

28,523

28,562

28,627

28,593

28,904

28,835

28,913

14,939

14,260

13,837

12,702

11,832

11,395

Goodwill

12,663

12,663

12,663

12,663

12,663

12,663

12,663

12,663

12,663

12,663

12,663

12,663

76,837

77,265

72,473

74,175

54,688

37,905

31,986

28,189

28,653

30,156

18,767

14,767

14,903

14,903

7,472

7,472

7,472

7,472

7,472

7,472

Other intangible assets, net

17,797

19,438

21,108

21,108

22,827

24,629

26,522

28,445

30,434

32,533

34,714

36,933

39,202

41,563

43,922

45,825

25,383

25,977

27,081

20,041

20,975

11,756

10,115

10,713

11,034

11,643

1,517

1,618

1,723

1,831

1,942

2,053

Deferred income taxes

14,786

17,772

17,646

17,646

14,760

14,771

24,874

24,893

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

25,752

25,752

25,765

-

2,281

2,372

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

25,784

-

-

2,324

6,913

1,884

1,150

1,218

1,192

102

3,931

3,800

4,075

4,802

4,874

5,067

5,136

5,754

5,754

5,754

5,740

Pension asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44

-

-

-

0

-

-

-

-

-

-

-

-

Other non-current assets

4,416

4,858

5,331

5,331

4,988

5,177

5,670

6,253

5,794

5,852

6,129

6,692

6,281

7,192

7,301

7,151

6,325

6,278

5,081

4,427

2,924

2,980

753

790

707

701

295

325

665

749

831

2,538

Assets

224,722

236,489

232,002

232,002

229,314

216,894

231,780

217,143

227,485

223,172

234,810

245,998

313,381

312,394

319,660

337,551

243,515

209,106

207,135

198,980

193,221

182,556

176,595

165,922

156,272

161,094

140,687

144,555

131,368

127,541

132,999

122,609

Liabilities and Equity [Abstract]
Current Liabilities:
Short-term bank borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,000

-

-

-

-

-

-

Current portion of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

900

1,737

141

139

136

134

131

131

131

131

131

129

126

Accounts payable

45,682

39,393

28,636

28,636

28,401

38,210

30,278

27,672

35,366

29,798

34,689

38,290

38,307

26,776

26,508

29,948

22,239

16,127

17,937

16,543

20,425

16,885

16,051

19,596

20,280

17,033

16,034

17,152

15,097

15,612

14,873

16,608

Accrued salaries

10,538

8,305

11,341

11,341

9,662

9,293

7,699

11,453

9,058

10,303

8,956

10,609

10,852

7,941

9,419

9,089

8,675

6,903

7,935

7,854

8,098

6,648

6,741

6,329

7,051

5,417

4,727

5,855

5,863

4,142

4,573

5,626

Accrued health benefits

1,246

1,177

947

947

1,207

1,124

1,103

1,150

-

-

-

903

1,237

1,516

1,515

1,510

1,214

1,460

1,879

1,538

1,433

1,586

1,835

1,793

1,567

1,564

1,236

1,210

1,369

1,148

940

980

Accrued legal settlements

0

5,500

5,500

5,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Performance based payments on customer contracts

8,827

13,307

3,868

3,868

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances from customers

5,775

6,418

5,949

5,949

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of pension liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

115

158

-

5

152

259

306

Performance based payments on customer contracts

-

-

-

-

0

0

0

1,749

-

-

-

0

0

1,867

0

1,756

1,217

1,408

10,095

3,196

7,444

19,111

13,366

20,902

12,270

20,718

23,338

25,836

19,621

18,886

25,211

13,021

Current portion of capital lease obligations

32

100

163

163

218

269

269

269

268

267

267

217

165

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued expenses

7,805

10,438

10,718

10,718

12,924

10,959

8,428

11,959

8,927

10,696

8,550

12,420

11,255

13,058

16,423

16,328

11,104

9,696

9,851

11,090

10,188

7,180

8,195

6,733

6,536

8,273

5,864

6,213

5,663

4,564

4,849

5,421

Credit facility

64,100

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities, Current

144,005

84,638

67,122

67,122

52,412

59,855

47,777

54,252

53,619

51,064

52,462

62,439

61,816

51,158

53,865

58,631

44,449

35,594

47,697

41,121

49,325

51,551

46,327

55,489

47,838

67,251

51,488

56,397

47,749

44,635

50,834

42,088

Credit facility

-

-

-

-

-

-

-

-

-

-

-

97,206

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Credit facility

0

73,000

84,500

84,500

96,800

78,900

97,600

74,500

87,622

85,706

95,775

-

123,400

133,800

138,800

154,500

80,000

58,500

42,000

40,100

34,700

26,331

29,867

11,403

14,438

1,473

1,506

1,538

1,571

1,604

1,637

1,670

Capital lease obligations, less current portion

-

-

-

-

17

32

100

167

234

302

369

332

439

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Environmental remediation

4,598

4,705

4,866

4,866

5,092

5,208

5,322

5,468

5,614

5,700

5,847

6,117

6,554

6,708

6,910

7,117

7,147

7,419

7,502

7,644

2,468

2,541

2,615

2,684

2,896

2,978

3,060

3,142

3,544

3,617

3,690

3,763

Pension liability

633

657

690

690

787

820

851

888

1,168

1,204

1,276

1,276

424

424

424

424

-

-

-

0

233

275

200

274

891

985

1,055

990

-

-

31

41

Other non-current liabilities

0

0

1,220

1,220

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities

149,236

163,000

158,398

158,398

155,108

144,815

151,650

135,275

148,257

143,976

155,729

167,370

192,633

192,090

199,999

220,672

131,596

101,513

97,199

88,865

86,726

80,698

79,009

69,850

66,063

72,687

57,109

62,067

52,864

49,856

56,192

47,562

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

-

Shareholders’ Equity:
Preferred stock, no par value; 200,000 shares authorized, none issued

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

-

Common stock, $1.25 par value; 15,000,000 shares authorized, 9,834,723 and 9,834,723 shares issued and outstanding, respectively

12,293

12,293

12,293

12,293

12,293

12,293

12,293

12,326

12,326

12,295

12,274

12,307

12,303

12,365

12,351

12,358

12,388

12,380

12,578

12,661

12,658

12,656

12,621

12,619

12,778

12,786

12,792

12,632

12,548

12,757

12,954

12,796

Capital in excess of par value

17,646

17,586

17,599

17,599

18,112

18,106

18,095

17,851

17,213

17,696

16,750

16,407

16,088

16,927

16,504

16,045

15,800

15,512

19,166

19,478

19,057

18,689

17,947

18,751

20,229

19,932

19,534

19,579

18,776

19,780

20,643

20,635

Retained earnings

46,497

44,580

44,713

44,368

44,991

42,899

50,983

52,967

51,280

50,851

51,759

51,650

93,732

92,595

92,327

89,933

84,835

80,702

79,140

78,944

75,973

71,727

68,243

65,957

58,832

57,349

52,948

51,995

47,943

45,938

43,996

42,487

Accumulated other comprehensive loss

-950

-970

-1,001

-1,001

-1,190

-1,219

-1,241

-1,276

-1,591

-1,646

-1,702

-1,736

-1,375

-1,583

-1,521

-1,457

-1,104

-1,001

-948

-968

-1,193

-1,214

-1,225

-1,255

-1,630

-1,660

-1,696

-1,718

-763

-790

-786

-871

Stockholders' Equity Attributable to Parent

75,486

73,489

73,604

73,604

74,206

72,079

80,130

81,868

79,228

79,196

79,081

78,628

120,748

120,304

119,661

116,879

111,919

107,593

109,936

110,115

106,495

101,858

97,586

96,072

90,209

88,407

83,578

82,488

78,504

77,685

76,807

75,047

Liabilities and Equity

224,722

236,489

232,002

232,002

229,314

216,894

231,780

217,143

227,485

223,172

234,810

245,998

313,381

312,394

319,660

337,551

243,515

209,106

207,135

198,980

193,221

182,556

176,595

165,922

156,272

161,094

140,687

144,555

131,368

127,541

132,999

122,609