SPARTAN MOTORS INC SPAR Income Statement

Spartan motors inc (SPAR)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	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	Mar'11	Sep'10	Jun'10
Sales
176,948	47,449	288,951	247,936	172,206	-12,675	226,183	183,981	173,038	-121,781	189,215	169,739	167,075	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of products sold
140,647	20,195	246,769	221,059	151,486	-	199,965	157,612	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of products sold
-	-	-	-	-	-	-	-	150,880	-	160,564	150,232	150,531	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	148,664	162,537	133,726	140,646	136,572	144,824	128,372	118,771	144,239	115,795	127,959	126,454	126,074	120,874	96,136	124,489	112,857	114,419	118,812	111,210	120,303	99,364	95,133	120,572	115,654
Cost of products sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	130,571	141,730	117,906	137,433	123,755	127,263	114,332	106,199	126,136	103,153	115,214	119,332	109,943	105,248	89,789	110,584	98,346	95,072	101,453	96,667	99,857	84,967	82,171	100,802	98,184
Restructuring charges
-	-	6	6	-	-	25	-	-	-36	0	6	150	53	83	0	0	56	9	119	335	-	0	0	-	-	-	-	-	-	1,543	602	3,615	-	-	1,731	-	-	-
Restructuring charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	977
Gross profit
36,301	27,260	42,176	26,871	20,720	-1,576	26,193	26,369	22,158	-1,594	28,651	19,501	16,394	17,891	18,010	20,807	15,820	3,157	12,808	17,442	13,705	11,764	18,103	12,642	12,745	7,122	16,131	15,626	6,347	13,151	12,968	18,745	13,744	14,543	20,446	12,666	12,962	19,770	16,493
Operating expenses:
Research and development
1,541	-496	1,869	2,265	1,226	-1,552	2,117	1,817	1,389	-1,668	1,598	1,524	2,142	2,364	1,377	1,807	1,224	-699	454	1,164	3,641	-626	898	720	2,859	-5,350	2,726	2,897	2,801	2,972	2,909	3,217	3,775	3,466	3,274	3,643	3,548	4,001	4,053
Selling, general and administrative
21,400	3,236	26,673	21,023	13,541	-7,958	17,251	19,040	17,873	-8,833	17,057	16,503	14,602	14,389	13,820	14,397	13,566	13,493	12,359	13,241	13,602	13,223	12,663	11,891	13,428	11,868	11,593	11,661	10,374	12,318	10,234	11,559	11,596	10,045	11,896	11,621	10,743	10,400	11,470
Restructuring charges
-	-	131	65	-	-644	476	797	20	-365	232	319	492	172	221	227	339	371	453	692	820	-	275	0	-	-	-	-	-	-	100	83	1,793	-	-	1,050	-	-	841
Restructuring charges
-	-	131	65	-	-644	476	797	20	-365	232	319	492	-	221	227	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	83	1,793	-	-	1,050	-	-	841
Total operating expenses
22,941	2,620	28,673	23,353	14,767	-10,154	19,844	21,654	19,282	-10,866	18,887	18,346	17,236	16,925	15,418	16,431	15,129	13,165	13,266	15,097	18,063	13,671	13,836	12,611	16,287	11,372	14,319	14,558	13,175	15,933	13,243	14,859	17,164	13,511	15,170	16,314	14,291	14,401	16,364
Operating income
13,360	24,640	13,503	3,518	5,953	8,578	6,349	4,715	2,876	9,272	9,764	1,155	-842	966	2,592	4,376	691	-10,008	-458	2,345	-4,358	-1,907	4,267	31	-3,542	-4,250	1,812	1,068	-6,828	-2,782	-275	3,886	-3,420	1,032	5,276	-3,648	-1,329	5,369	129
Other income (expense):
Interest expense
731	1,008	144	313	374	262	225	270	323	-484	189	129	264	96	112	88	114	72	91	112	90	76	80	91	94	75	79	87	70	82	81	81	91	63	88	78	95	238	257
Interest and other income
-	-	480	1,147	-	-2,569	156	832	1,593	163	159	190	90	183	151	95	59	-	-	31	127	166	13	111	128	225	173	115	146	135	178	49	207	-	-72	-	-	-	-132
Interest and other income (expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other income (expense)
-510	-	-	-	332	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	77	84	305	-
Total other expense
-1,241	-1,597	336	834	-42	-2,831	-69	562	1,270	647	-30	61	-174	87	39	7	-55	50	-127	-81	37	90	-67	20	34	150	94	28	76	53	97	-32	116	124	-160	-1	-11	67	-389
Income from continuing operations before income taxes
12,119	23,043	13,839	4,352	5,911	5,747	6,280	5,277	4,146	9,919	9,734	1,216	-1,016	1,053	2,631	4,383	636	-	-585	2,264	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss before taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,321	-	4,200	51	-3,508	-4,100	1,906	1,096	-6,752	-2,729	-178	3,854	-3,304	1,156	5,116	-3,649	-1,340	5,436	-260
Income tax expense
377	4,792	3,424	1,063	1,076	808	1,037	1,537	-48	5,943	-3,736	92	83	111	-113	9	93	-16	5,234	1,088	-1,426	-1,566	1,009	-179	-1,367	-1,131	1,343	405	-2,498	-263	149	1,503	-1,289	463	1,918	-1,429	-442	1,952	-88
Income from continuing operations
11,742	-	-	-	4,835	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, net of income taxes
-3,864	-	-	-	-3,298	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
7,878	-27,667	10,415	3,289	1,537	1,832	5,243	3,743	4,194	2,439	13,470	1,124	-1,099	942	2,744	4,374	543	-9,942	-5,819	1,176	-2,895	-251	3,191	230	-2,141	-2,969	563	691	-4,254	-	-	-	-	-	-	-	-	-	-
Less: net income attributable to non-controlling interest
67	154	61	-215	140	-	-	-	-	0	0	0	-1	-1	-1	-5	0	-491	-1	-1	-15	-118	-8	-17	-1	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,484	-172
Net loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-167	-2,438
Net income attributable to Spartan Motors Inc.
7,811	-27,821	10,354	3,504	1,397	1,835	5,243	3,740	4,194	2,439	13,470	1,124	-1,098	943	2,745	4,379	543	-9,451	-5,818	1,177	-2,880	-133	3,199	247	-2,140	-2,971	563	691	-4,254	-2,466	-327	2,351	-2,015	693	3,198	-2,220	-898	3,317	-2,610
Basic net earnings per share
Continuing operations, Basic (in dollars per share)
0.33	-	-	-	0.13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.11	-
Discontinued operations, Basic (in dollars per share)
-0.11	-	-	-	-0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-0.08
Basic earnings per share (in dollars per share)
0.22	-0.79	0.29	0.10	0.04	0.05	0.15	0.11	0.12	0.08	0.38	0.03	-0.03	0.02	0.08	0.13	0.02	-	-0.17	0.03	-	-	0.09	0.01	-	-	0.02	0.02	-	-	-0.01	0.07	-	-	0.10	-0.07	-	0.10	-0.08
Diluted net earnings per share
Continuing operations, Diluted (in dollars per share)
0.33	-	-	-	0.13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.11	-
Discontinued operations, Diluted (in dollars per share)
-0.11	-	-	-	-0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-0.08
Diluted earnings per share (in dollars per share)
0.22	-0.79	0.29	0.10	0.04	0.05	0.15	0.11	0.12	0.08	0.38	0.03	-0.03	0.02	0.08	0.13	0.02	-	-0.17	0.03	-	-	0.09	0.01	-	-	0.02	0.02	-	-	-0.01	0.07	-	-	0.10	-0.07	-	0.10	-0.08
Basic weighted average common shares outstanding (in shares)
35,401	35,341	35,317	35,349	35,265	35,212	35,182	35,260	35,094	35,839	35,105	35,127	33,725	34,389	34,439	34,512	34,280	-	33,885	34,280	-	-	34,246	34,446	-	-	34,133	34,105	-	-	33,374	33,883	-	-	33,506	32,835	-	33,056	32,427
Diluted weighted average common shares outstanding (in shares)
35,664	35,568	35,463	35,368	35,265	35,212	35,182	35,260	35,094	35,839	35,105	35,127	33,725	34,389	34,439	34,512	34,280	-	33,885	34,281	-	-	34,249	34,450	-	-	34,182	34,139	-	-	33,374	33,892	-	-	33,525	32,835	-	33,079	32,427
Basic and Diluted net loss per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.09	-	-	-	-0.06	-	-	-	-0.13	-	-	-	-0.06	-	-	-	-0.03	-	-
Basic and Diluted weighted average common shares outstanding (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,661	-	-	-	33,728	-	-	-	33,381	-	-	-	33,019	-	-	-	32,652	-	-