Spartan motors inc (SPAR)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Sales

756,542

570,527

404,248

590,777

-

-

-

-

-

-

-

Cost of products sold

639,509

497,370

341,176

-

-

-

-

-

-

-

-

Cost of products sold

-

-

-

518,113

-

-

-

-

-

-

-

Sales

-

-

-

-

550,414

506,764

469,538

470,577

426,010

480,736

409,538

Cost of products sold

-

-

-

-

502,783

450,702

424,312

405,455

363,662

407,201

328,305

Restructuring charges

6

13

120

136

519

808

0

-

-

990

-

Restructuring charge

-

-

-

-

-

-

-

-

-

-

264

Gross profit

117,027

73,144

62,952

72,528

47,112

55,254

45,226

58,608

60,617

72,545

80,969

Operating expenses:
Research and development

4,864

3,771

3,596

6,772

4,560

3,851

3,074

12,873

13,931

16,912

16,974

Selling, general and administrative

64,473

46,206

39,329

56,172

52,695

51,205

45,496

45,707

44,305

43,869

42,436

Goodwill impairment

-

-

-

-

-

-

4,854

-

-

-

-

Restructuring charges

76

649

678

959

2,336

1,349

0

-

-

1,006

576

Restructuring charges

76

649

678

959

2,336

-

-

-

-

1,006

576

Total operating expenses

69,413

50,626

43,603

63,903

59,591

56,405

53,424

61,199

59,286

61,787

59,986

Operating income

47,614

22,518

19,349

8,625

-12,479

-1,151

-8,198

-2,591

1,331

10,758

20,983

Other income (expense):
Interest expense

1,839

1,080

98

410

365

341

311

335

324

950

1,322

Interest and other income

1,370

12

602

488

244

418

659

569

276

444

517

Total other expense

-469

-1,068

504

78

-121

77

348

234

-48

-506

-805

Income from continuing operations before income taxes

47,145

21,450

19,853

8,703

-12,600

-1,074

-

-

-

-

-

Loss before taxes

-

-

-

-

-

-

-7,850

-2,357

1,283

10,252

20,178

Income tax expense

10,355

3,334

2,382

100

4,880

-2,103

-1,881

100

510

3,017

7,023

Income from continuing operations

36,790

18,116

17,471

-

-

-

-

-

-

-

-

Loss from discontinued operations, net of income taxes

-49,216

-3,104

-1,537

-

-

-

-

-

-

-

-

Net income

-12,426

15,012

15,934

8,603

-17,480

1,029

-5,969

-2,457

773

-

-

Less: net income attributable to non-controlling interest

140

-

-1

-7

-508

-144

2

-

-

-

-

Net earnings (loss) from continuing operations

-

-

-

-

-

-

-

-

-

7,235

13,155

Net loss from discontinued operations

-

-

-

-

-

-

-

-

-

-3,094

-1,383

Net income attributable to Spartan Motors Inc.

-12,566

15,012

15,935

8,610

-16,972

1,173

-5,971

-2,457

773

4,141

11,772

Basic net earnings per share
Continuing operations, Basic (in dollars per share)

1.03

0.52

0.50

-

-

-

-

-

-

0.22

0.40

Discontinued operations, Basic (in dollars per share)

-1.39

-0.09

-0.04

-

-

-

-

-

-

-0.09

-0.04

Basic earnings per share (in dollars per share)

-0.36

0.43

0.46

0.25

-0.50

0.03

-0.18

-0.07

0.02

0.13

0.36

Diluted net earnings per share
Continuing operations, Diluted (in dollars per share)

1.03

0.52

0.50

-

-

-

-

-

-

0.22

0.40

Discontinued operations, Diluted (in dollars per share)

-1.39

-0.09

-0.04

-

-

-

-

-

-

-0.09

-0.04

Diluted earnings per share (in dollars per share)

-0.36

0.43

0.46

0.25

-0.50

0.03

-0.18

-0.07

0.02

0.13

0.36

Basic weighted average common shares outstanding (in shares)

35,318

35,187

34,949

34,405

33,826

34,251

33,550

33,165

33,438

33,021

32,729

Diluted weighted average common shares outstanding (in shares)

35,416

35,187

34,949

34,405

33,826

34,256

33,550

33,165

33,488

33,101

32,916