VOXX International Corporation VOXX Income Statement

Voxx international corporation (VOXX)

Income statement / Quarterly

Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Aug'10
Net sales
110,112	90,246	93,454	107,457	129,637	108,867	100,855	-	156,563	-	-	514,530	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales
78,648	66,477	67,445	83,703	90,714	77,804	73,178	-	115,044	-	-	370,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue, Net
-	-	-	-	-	-	-	-	-	113,470	114,823	83,338	157,411	118,325	155,456	19,143	192,506	154,174	164,383	169,900	223,356	177,343	186,899	187,105	245,814	183,818	192,972	206,790	243,036	191,715	194,036	176,597	206,803	158,337	165,325	129,297
Cost of Goods Sold
-	-	-	-	-	-	-	-	-	85,049	84,679	61,500	113,763	85,882	109,355	24,468	136,663	109,199	116,340	120,444	154,399	124,939	133,846	134,270	177,016	129,716	138,459	145,099	173,087	137,029	143,540	121,035	146,960	114,475	121,637	101,827
Gross profit
31,464	23,769	26,009	23,754	38,923	31,063	27,677	32,213	41,519	28,421	30,144	144,030	43,648	32,443	46,101	-5,325	55,843	44,975	48,043	49,456	68,957	52,404	53,053	52,835	68,798	54,102	54,513	61,691	69,949	54,686	50,496	55,562	59,843	43,862	43,688	27,470
Operating expenses:
Selling
9,580	8,701	9,881	10,254	10,363	9,604	10,694	11,581	11,357	10,652	12,409	43,108	11,081	9,924	12,664	7,394	12,464	10,680	13,038	12,907	13,623	13,010	14,596	14,974	15,026	12,602	13,123	13,749	13,515	11,507	13,205	11,559	12,620	11,199	11,904	7,623
General and administrative
16,689	17,782	17,425	17,303	16,482	17,038	16,112	19,862	18,258	20,640	20,197	79,573	20,099	18,021	27,071	704	29,536	26,303	27,691	26,559	29,587	29,088	29,615	29,449	31,422	29,043	28,938	30,187	29,650	29,591	25,225	25,061	24,740	20,765	22,653	16,032
Engineering and technical support
5,059	5,035	5,807	6,038	6,368	6,070	5,911	6,142	6,261	7,383	6,654	29,517	7,236	6,609	13,479	-3,267	9,459	8,652	8,079	9,578	9,103	9,215	9,261	10,460	5,740	9,226	8,735	5,929	6,938	6,693	7,411	3,986	4,021	4,007	3,811	3,640
Intangible asset impairment charges
-	-	-	-	-	9,814	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill, Impairment Loss
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset Impairment Charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	32	989	303	-	0	0	-	-	-	-	-	-
Acquisition related costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	800	-	-	-	0	-	-	-	-	-	-	-181	56	55	1,596	1,148	25	239	1,343	0
Total operating expenses
31,328	31,518	33,113	54,158	33,213	42,526	32,717	37,585	35,876	38,675	39,260	152,198	38,416	34,554	53,214	7,691	52,259	51,845	48,808	50,178	52,313	51,313	53,472	112,444	52,220	51,860	51,099	49,684	50,159	47,846	47,437	41,754	41,406	36,210	39,711	27,295
Operating income (loss)
136	-7,749	-7,104	-30,404	5,710	-11,463	-5,040	-5,372	5,643	-10,254	-9,116	-8,168	5,232	-2,111	-7,113	-13,016	3,584	-6,870	-765	-722	16,644	1,091	-419	-59,609	16,578	2,242	3,414	12,007	19,790	6,840	3,059	13,808	18,437	7,652	3,977	175
Other income (expense):
Interest and bank charges
751	887	997	1,058	1,174	1,117	1,100	1,159	1,215	1,843	1,792	7,105	1,901	1,729	1,695	2,934	1,772	1,625	1,567	1,841	1,825	1,577	1,608	1,785	1,830	1,799	1,980	-	2,286	1,693	2,244	1,384	1,371	1,392	1,483	479
Equity in income of equity investee
967	1,265	1,440	1,472	1,695	1,637	1,814	1,444	2,004	1,927	1,803	6,797	1,931	1,545	1,808	1,536	1,927	1,457	1,618	1,235	1,245	1,455	1,931	1,298	1,520	1,496	1,756	1,150	1,180	1,193	1,357	780	1,236	890	1,129	840
Gain on sale of real property (see Note 19)
4,057	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for Loan and Lease Losses, Write-offs
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment gain
-	775	-	-	-	-	-	-	0	1,416	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign Currency Transaction Gain (Loss), before Tax
-	-	-	-	-	-	-	-	-	-	-	-509	-	-	-	-	-	-	-	-	-	-	-	-	-	-49	-	-	-	-	-	-	-	-	-	-
Impairment of Venezuela investment properties
-	-	-	-	-	3,473	-	-	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign Currency Translation Gain (Loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-6,104	-128	-	335	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Bargain Purchase, Gain Recognized, Amount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,679	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-322	547	1,644	-596	260	252	661	569	477	-7,629	-1,007	-454	121	223	-512	-527	636	191	276	79	142	723	551	589	5,565	5,697	16	7,067	776	-343	-9,656	667	-3,308	-1,227	481	498
Nonoperating Income (Expense)
-	-	-	-	-	-	-	-	-	-	-	-762	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expense), net
3,951	1,700	2,087	-	781	-2,701	1,375	-	1,266	-6,129	-996	-	151	39	-399	-	5,470	23	327	-	-438	-5,733	976	-	5,255	5,409	-208	5,675	-330	-843	-10,543	63	-3,443	-1,729	127	859
Income (loss) before income taxes
4,087	-6,049	-5,017	-47,625	6,491	-14,164	-3,665	-4,518	6,909	-16,383	-10,112	-8,930	5,383	-2,072	-7,512	-14,941	9,054	-6,847	-438	-11,425	16,206	-4,642	557	-59,345	21,833	7,651	3,206	17,682	19,460	5,997	-7,484	13,871	14,994	5,923	4,104	1,034
Income tax expense (benefit)
2,720	1,115	-2,645	-9,278	-4,078	8,338	-1,113	-12,914	-568	3,465	-7,428	338	3,756	-5,543	-1,392	-3,142	2,968	-2,453	276	2,946	584	-1,960	68	-10,319	6,409	2,788	1,064	7,412	6,258	2,277	-2,784	3,006	6,136	2,484	1,617	389
Net income (loss)
1,367	-7,164	-2,372	-38,347	10,569	-22,502	-2,552	10,673	7,109	15,083	-4,906	-3,202	3,910	1,304	-	-7,041	6,086	-4,394	-714	-14,371	15,622	-2,682	489	-49,026	15,424	4,863	2,142	-	13,202	3,720	-4,700	10,865	8,858	3,439	2,487	645
Less: net loss attributable to non-controlling interest
-1,097	-1,200	-1,224	-1,787	-1,642	-1,699	-1,613	-1,912	-1,535	-2,023	-1,875	-7,624	-1,890	-1,716	-1,812	-1,690	-1,691	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	8,396	7,477	-19,848	-2,684	-9,268	1,627	3,471	-6,120	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operation, Tax Effect of Discontinued Operation
-	-	-	-	-	-	-	-	363	2,742	3,366	-	-320	3,282	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	2,277	-368	34,931	-2,222	6,066	2,283	-2,167	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to VOXX International Corporation
2,464	-5,964	-1,148	-36,560	12,211	-20,803	-939	12,585	8,644	17,106	-3,031	4,422	5,800	3,020	-4,308	-5,351	7,777	-4,394	-714	-	15,622	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive (loss) income:
Foreign currency translation adjustments
-295	-215	-811	138	-1,263	-50	-2,020	-	-	-	-	-3,194	-	-	-	3,324	-7,993	1,764	-2,797	-17,387	-8,342	-7,000	-441	1,479	4,658	1,758	-2,320	2,440	1,469	-568	-4,622	-	-2,408	-616	-	-
Derivatives designated for hedging
13	-177	-107	-	50	50	442	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax
-	-	-	-	-	-	-	-	-170	20,480	7,359	-	-6,684	-680	4,196	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,327	-
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax
-	-	-	-	-	-	-	262	226	-134	-1,052	210	752	-21	-491	-767	-32	-977	-664	1,729	578	311	640	-218	-744	3	311	-181	-93	-196	296	-212	806	-21	-704	-
Pension plan adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	155	-53	52	-	64	50	10	-	-29	-18	6	-	0	0	0	-	-	-	-	-
Pension plan adjustments
-2	-9	-14	69	-20	-1	-36	-3,184	-2	1,810	-120	180	96	6	-58	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary impairment loss on available for sale investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	-
Unrealized holding gain on available-for-sale investment securities, net of tax
-	-	0	0	0	0	24	-	-	-	-	-17	-	-	-	19	5	0	-4	-34	5	2	0	-	0	0	-	-	0	6	-	-	-	-	-12	-
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, after Tax
-	-	-	-	-	-	-	-	-3	81	-4	-	4	-3	-5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassificaton adjustment of other-than-temporary impairment loss on available-for-sale investment into net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	877	-	-
Unrealized holding gain (loss) on available-for-sale investment securities arising during the period, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	7	-	-
Other comprehensive (loss) income, net of tax
-280	-383	-904	-12	-1,193	1	-1,518	1,205	51	22,237	6,183	-3,181	-5,832	-698	3,642	3,062	-7,865	734	-3,413	-17,239	-7,695	-6,637	209	999	3,885	1,743	-2,003	1,184	1,376	-758	-4,326	-	-1,613	247	-	-
Comprehensive income (loss) attributable to VOXX International Corporation
2,184	-6,347	-2,052	-36,572	11,018	-20,802	-2,457	13,790	8,695	39,343	3,152	1,241	-32	2,322	-666	-2,289	-88	-3,660	-4,127	-31,610	7,927	-9,319	698	-	19,309	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations, Per Basic Share
-	-	-	-	-	-	-	0.43	0.37	-0.74	-0.03	-0.07	0.15	0.21	-0.18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share
-	-	-	-	-	-	-	-	-	-	-	0.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax
-	-	-	-	-	-	-	-	0	36,118	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of Intangible Assets, Finite-lived
-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive (loss) income, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	911	-
Comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,606	139	-	14,578	2,962	-9,026	11,196	7,245	3,686	3,398	-
Income (loss) per share - basic: Attributable to VOXX International Corporation
0.10	-0.24	-0.05	-1.50	0.50	-0.85	-0.04	0.52	0.35	0.71	-0.13	0.18	-	-	-	-	0.32	-0.18	-0.03	-0.59	0.64	-0.11	0.02	-2.02	0.63	0.20	0.09	0.44	0.56	0.16	-0.20	0.47	0.38	0.15	0.11	0.03
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share
-	-	-	-	-	-	-	-	-0.02	1.45	-0.09	-	0.09	-0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations, Per Diluted Share
-	-	-	-	-	-	-	0.43	0.37	-0.74	-0.03	-0.07	0.14	0.21	-0.18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share
-	-	-	-	-	-	-	-	-0.02	1.45	-0.09	-	0.09	-0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share
-	-	-	-	-	-	-	-	-	-	-	0.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) per share - diluted: Attributable to VOXX International Corporation
0.10	-0.24	-0.05	-1.50	0.50	-0.85	-0.04	-	-	-	-	0.18	-	-	-	-	0.32	-0.18	-0.03	-0.59	0.64	-0.11	0.02	-2.02	0.63	0.20	0.09	0.43	0.56	0.16	-0.20	0.46	0.38	0.15	0.11	0.03
Weighted-average common shares outstanding (basic)
24,418	24,481	24,355	24,395	24,355	24,355	24,316	24,602	24,238	24,160	24,160	24,160	24,160	24,160	24,160	-	-	-	-	24,046	24,322	24,433	24,518	24,252	24,341	24,122	23,720	23,528	23,434	23,397	23,301	23,092	23,074	23,073	23,079	22,893
Weighted Average Number Diluted Shares Outstanding Adjustment
-	-	-	-	-	-	-	-	259	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted-average common shares outstanding (diluted)
24,625	24,481	24,355	24,122	24,628	24,355	24,316	25,369	24,498	24,160	24,160	24,160	24,287	24,242	24,160	-	-	-	-	24,002	24,340	24,433	24,544	23,806	24,424	24,258	23,946	24,030	23,536	23,599	23,301	23,444	23,074	23,254	23,287	23,043