Virco mfg corporation (VIRC)
Balance Sheet / Quarterly
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10
Assets
Current assets:
Cash

1,150

697

877

553

738

2,481

1,109

3,372

534

1,536

2,747

685

788

2,309

2,428

1,033

815

1,595

1,490

580

470

1,130

1,471

1,051

1,141

2,443

1,174

853

1,342

3,347

1,958

2,897

1,449

1,521

768

1,528

2,260

2,956

Trade accounts receivables (net of allowance for doubtful accounts of $200 at January 31, 2020 and 2019)

11,762

17,697

41,105

12,375

13,253

24,281

44,109

8,983

11,385

21,120

40,201

9,964

9,915

18,932

33,835

8,882

9,929

20,369

33,883

9,798

10,614

29,414

8,914

8,468

17,542

32,088

7,966

8,760

14,497

32,670

9,108

12,743

13,655

34,781

10,038

10,462

19,411

40,808

Other receivables

57

54

397

64

40

340

161

135

29

58

73

39

216

465

43

67

34

141

141

39

43

47

75

52

188

107

76

108

137

41

76

401

113

33

51

168

98

79

Income tax receivable

298

314

340

263

175

157

175

178

171

200

175

201

275

263

268

260

317

266

288

258

267

317

311

290

277

304

272

259

271

298

316

324

377

351

345

367

834

339

Finished goods

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,145

13,175

7,237

5,896

14,137

10,365

4,968

5,869

14,439

11,492

6,273

7,347

14,510

13,926

9,618

7,665

19,258

Work in process

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,161

18,775

11,116

9,990

12,243

18,105

11,041

10,877

13,718

18,548

10,623

10,924

15,287

24,796

13,773

13,022

15,230

Raw materials and supplies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,977

9,642

9,427

8,589

10,460

10,450

9,308

8,798

9,527

9,871

10,895

11,840

13,712

12,778

11,980

11,951

13,513

Inventories, net

43,329

42,907

59,017

63,511

47,289

42,670

60,296

62,498

42,057

36,377

50,861

54,788

35,689

31,655

51,871

53,924

34,603

27,168

41,786

42,250

26,678

45,283

41,592

27,780

24,475

36,840

38,920

25,317

25,544

37,684

39,911

27,791

30,111

43,509

51,500

35,371

32,638

48,001

Deferred tax assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

203

203

203

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Deferred tax assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,260

637

Prepaid expenses and other current assets

1,746

1,601

2,359

2,532

1,616

1,547

2,117

2,656

1,537

1,536

1,888

2,327

1,610

1,279

1,461

1,904

1,074

1,014

1,250

1,513

743

1,350

1,924

1,795

1,975

1,724

1,998

1,665

1,875

1,897

2,612

1,652

1,263

1,829

2,020

1,619

1,161

1,599

Total current assets

58,342

63,270

104,095

79,298

63,111

71,476

107,967

77,822

55,713

60,827

95,945

68,004

48,493

54,903

89,906

66,070

46,772

50,553

78,838

54,438

38,815

77,744

54,490

39,639

45,598

73,506

50,406

36,962

43,666

75,937

53,981

45,808

46,968

82,024

64,722

49,515

57,662

94,419

Property, plant and equipment
Land

3,731

3,731

3,731

3,731

3,731

3,731

3,731

3,731

3,731

3,731

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

1,671

Land improvements

717

694

688

688

688

688

688

688

688

688

680

686

675

674

674

674

675

851

851

851

851

1,189

1,193

1,185

1,185

1,213

1,213

1,213

1,213

1,213

1,213

1,213

1,214

1,214

1,437

1,437

1,658

1,658

Buildings and building improvements

51,200

51,200

51,192

51,176

51,176

51,176

51,176

51,176

51,176

51,176

46,036

46,021

46,021

46,019

46,019

46,106

45,860

46,448

46,443

46,443

47,047

47,047

47,290

47,271

47,261

47,263

47,399

47,703

47,797

47,794

47,797

47,797

47,796

47,796

47,797

47,797

47,796

47,796

Machinery and equipment

110,610

110,104

109,540

109,087

108,253

106,896

104,761

103,610

103,015

101,894

100,984

100,582

99,896

98,710

100,693

102,800

103,969

105,289

107,275

108,533

110,060

113,152

113,948

115,667

114,788

116,335

117,766

119,407

120,108

119,591

120,479

120,181

119,744

119,432

119,598

118,799

117,785

117,316

Leasehold improvements

990

978

970

830

830

828

820

815

809

805

803

848

842

701

684

684

1,636

1,758

1,895

1,909

1,909

1,957

2,177

2,328

2,328

2,417

2,452

2,452

2,460

2,456

2,549

2,549

2,568

2,533

2,699

2,699

2,754

2,712

Total property, plant and equipment

167,248

166,707

166,121

165,512

164,678

163,319

161,176

160,020

159,419

158,294

150,174

149,808

149,105

147,775

149,741

151,935

153,811

156,017

158,135

159,407

161,538

165,016

166,279

168,122

167,233

168,899

170,501

172,446

173,249

172,725

173,709

173,411

172,993

172,646

173,202

172,403

171,664

171,153

Less accumulated depreciation and amortization

127,351

126,684

125,250

124,159

122,758

121,254

119,792

118,382

116,977

115,551

114,591

114,883

114,780

113,550

115,339

117,593

118,991

120,742

122,849

124,114

126,317

128,970

130,376

131,817

130,723

132,204

133,832

135,564

135,901

134,892

135,370

134,203

133,060

131,825

131,637

130,342

129,439

128,208

Net property, plant and equipment

39,897

40,023

40,871

41,353

41,920

42,065

41,384

41,638

42,442

42,743

35,583

34,925

34,325

34,225

34,402

34,342

34,820

35,275

35,286

35,293

35,221

36,046

35,903

36,305

36,510

36,695

36,669

36,882

37,348

37,833

38,339

39,208

39,933

40,821

41,565

42,061

42,225

42,945

Operating lease right-of-use assets

21,325

22,251

22,924

23,295

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax assets, net

11,230

-

-

-

9,598

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets, net

-

6,087

7,816

11,086

-

8,422

9,973

11,534

10,093

13,793

15,611

18,491

17,008

18,382

573

698

703

601

725

757

780

305

611

611

1,439

1,404

1,477

1,484

2,175

2,005

2,195

2,200

2,385

2,573

2,596

2,605

10,055

10,916

Other assets

8,198

8,234

8,256

8,276

8,484

8,563

8,491

8,513

8,375

8,282

8,308

8,334

8,361

7,071

7,071

7,071

7,140

6,842

6,843

6,843

6,995

6,990

6,851

6,789

6,659

6,722

6,784

6,835

6,909

6,972

6,982

7,009

6,408

6,408

6,407

6,407

6,371

6,310

Total assets

138,992

139,865

183,962

163,308

123,113

130,526

167,815

139,507

116,623

125,645

155,447

129,754

108,187

114,581

131,952

108,181

89,435

93,271

121,692

97,331

81,811

121,085

97,855

83,344

90,206

118,327

95,336

82,163

90,098

122,747

101,497

94,225

95,694

131,826

115,290

100,588

116,313

154,590

Liabilities
Current liabilities:
Accounts payable

10,587

10,914

18,634

16,354

17,760

18,052

23,072

17,631

14,106

13,623

20,945

16,169

12,388

10,587

18,014

16,894

12,982

13,189

19,240

15,931

9,901

20,382

16,640

12,355

12,771

17,282

13,087

11,864

11,614

18,596

15,345

11,684

10,372

18,565

15,549

9,536

12,349

20,220

Accrued compensation and employee benefits

6,392

6,124

5,322

4,631

4,568

5,432

5,353

4,698

4,779

6,106

6,373

4,401

5,138

6,312

5,632

4,355

5,608

5,383

4,793

4,054

4,199

3,860

3,865

3,594

3,744

4,143

3,636

3,426

4,155

4,051

3,616

3,797

3,719

4,018

4,256

3,946

3,998

4,345

Long-term Debt, Current Maturities

878

872

35,457

24,226

5,504

6,232

36,894

24,266

4,681

3,278

29,987

18,336

68

89

31,068

18,416

663

109

24,749

14,607

3,366

27,545

14,586

2,248

3,777

22,668

12,932

4,053

1,810

20,843

12,276

5,497

5,415

28,304

11,652

12

12

22,467

Current portion operating lease liability

3,654

3,506

3,275

2,939

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

572

572

572

572

1,221

1,221

1,221

1,221

1,398

1,398

1,398

1,398

0

0

Other accrued liabilities

3,607

3,976

6,871

5,552

4,293

4,645

8,583

4,817

4,157

5,047

7,543

4,810

3,991

5,099

7,280

4,652

3,525

5,683

7,693

4,793

3,939

7,293

5,348

4,459

5,883

8,110

5,162

4,521

5,190

8,120

5,643

5,011

5,310

8,077

6,204

5,125

6,355

7,978

Total current liabilities

25,118

25,392

69,559

53,702

32,125

34,361

73,902

51,412

27,723

28,054

64,848

43,716

21,585

22,087

61,994

44,317

22,778

24,364

56,475

39,385

21,405

59,080

40,439

22,656

26,747

52,775

35,389

24,436

23,990

52,831

38,101

27,210

26,214

60,362

39,059

20,017

22,714

55,010

Non-current liabilities:
Accrued self-insurance

1,410

1,617

1,686

1,773

1,190

1,952

1,936

2,242

-

1,613

1,904

1,920

-

1,200

1,315

1,869

-

2,050

2,379

2,503

-

2,020

2,539

-

-

2,614

3,122

-

-

-

-

-

-

-

-

-

-

-

Accrued self-insurance

-

-

-

-

-

-

-

-

1,425

-

-

-

1,350

-

-

-

1,650

-

-

-

1,730

-

-

2,025

2,565

-

-

2,585

2,027

2,281

2,508

1,915

2,949

2,619

2,564

1,770

2,253

2,538

Accrued retirement benefits

21,310

13,426

13,951

14,218

14,487

14,530

16,544

14,380

14,664

17,404

17,991

18,326

18,699

22,244

22,606

22,968

23,330

27,368

27,907

28,447

28,986

23,132

23,538

23,951

-

25,763

26,074

26,385

-

-

-

25,069

-

-

-

-

-

-

Accrued pension expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,398

-

-

-

24,989

25,248

25,169

-

21,135

17,902

17,942

18,027

17,645

17,633

Income tax payable

70

59

55

55

45

42

45

48

44

33

42

47

36

33

31

39

38

40

37

45

42

37

44

69

100

98

105

142

497

505

496

488

749

740

731

722

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,093

1,149

Long-term Debt, Excluding Current Maturities

15,818

13,485

16,291

16,508

15,910

13,980

14,139

13,990

12,000

11,310

6,000

6,011

4,943

4,547

5,936

5,804

6,097

3,974

6,043

6,015

6,153

6,000

6,000

6,000

0

6,000

6,000

0

0

6,000

6,008

6,011

0

0

7,500

6,519

2,217

7,529

Operating lease liability, less current portion

19,787

20,778

21,598

22,221

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

661

-

-

-

2,329

-

-

-

2,055

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

-

559

557

555

-

2,377

2,274

2,171

-

1,657

1,978

2,105

2,220

2,245

2,339

2,556

2,229

978

976

924

922

1,092

1,090

1,038

1,215

1,372

1,529

1,595

2,100

2,436

2,924

2,636

2,879

2,941

3,004

3,131

3,311

3,294

Total non-current liabilities

59,056

49,924

54,138

55,330

33,961

32,881

34,938

32,831

30,188

32,017

27,915

28,409

27,248

30,269

32,227

33,236

33,344

34,410

37,342

37,934

37,833

32,281

33,211

33,083

30,278

35,847

36,830

30,707

29,613

36,470

37,105

36,119

27,712

24,202

31,741

30,169

26,519

32,143

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

Stockholders' equity:
Preferred stock:
Authorized 3,000,000 shares, $.01 par value; none 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

0

0

0

0

0

0

0

0

Common stock:
Authorized 25,000,000 shares, $.01 par value; issued and outstanding 15,713,549 shares in 2020 and 15,541,956 shares in 2019

157

157

157

155

155

155

155

154

154

154

154

152

152

152

152

150

150

150

150

149

149

148

147

147

147

147

146

146

146

145

144

144

144

143

142

142

142

142

Additional paid-in capital

-

118,544

118,282

118,292

-

117,871

117,636

117,693

-

117,237

117,020

117,143

-

116,809

116,643

116,757

-

116,510

116,385

116,470

-

116,105

116,111

-

-

115,817

115,812

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

118,782

-

-

-

118,106

-

-

-

117,465

-

-

-

116,976

-

-

-

116,633

-

-

-

116,348

-

-

115,978

115,817

-

-

115,670

115,529

115,388

115,288

115,060

114,895

114,706

114,109

114,467

114,267

114,068

Accumulated deficit

-49,810

-45,500

-49,392

-55,259

-52,192

-45,510

-48,208

-53,451

-49,648

-40,868

-43,392

-48,420

-46,380

-41,396

-65,394

-72,279

-69,140

-63,414

-69,416

-76,868

-73,690

-73,191

-78,394

-74,540

-67,597

-71,077

-77,257

-72,810

-63,852

-66,759

-73,813

-68,980

-61,144

-57,845

-60,019

-54,465

-37,758

-37,202

Accumulated other comprehensive loss

-14,311

-8,652

-8,782

-8,912

-9,042

-9,232

-10,608

-9,132

-9,259

-10,949

-11,098

-11,246

-11,394

-13,340

-13,670

-14,000

-14,330

-18,749

-19,244

-19,739

-20,234

-13,338

-13,659

-13,980

-15,186

-15,182

-15,584

-15,986

-15,328

-15,328

-15,328

-15,328

-12,127

-9,742

-9,742

-9,742

-9,571

-9,571

Stockholders' Equity Attributable to Parent

54,818

64,549

60,265

54,276

57,027

63,284

58,975

55,264

58,712

65,574

62,684

57,629

59,354

62,225

37,731

30,628

33,313

34,497

27,875

20,012

22,573

29,724

24,205

27,605

33,181

29,705

23,117

27,020

36,495

33,446

26,291

30,896

41,768

47,262

44,490

50,402

67,080

67,437

Total liabilities and stockholders’ equity

138,992

139,865

183,962

163,308

123,113

130,526

167,815

139,507

116,623

125,645

155,447

129,754

108,187

114,581

131,952

108,181

89,435

93,271

121,692

97,331

81,811

121,085

97,855

83,344

90,206

118,327

95,336

82,163

90,098

122,747

101,497

94,225

95,694

131,826

115,290

100,588

116,313

154,590