LSI Industries Inc
(NASDAQ:LYTS)

LSI Industries Inc. provides corporate visual image solutions in the United States, Canada, Mexico, Australia, and Latin America. It operates through Lighting and Graphics segments. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for parking lot and ga...

Website: http://www.lsi-industries.com

Founded: 1976

Full Time Employees: 1,100

Sector: Technology

Industry: Electronic Components

Technology

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-06-30	2013-03-31	2012-12-31	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-04-29	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2001-06-30

net sales	150,525,000	147,002,000	157,249,000	155,067,000	132,481,000	147,734,000	138,095,000	129,006,000	108,186,000	109,005,000	123,441,000	123,636,000	117,470,000	128,804,000	127,069,000	127,469,000	110,111,000	111,143,000	106,397,000	97,015,000	72,204,000	76,387,000	70,006,000	63,470,000	71,010,000	82,377,000	88,701,000	81,522,000	72,832,000	89,541,000	84,957,000	83,409,000	78,843,000	92,305,000	87,466,000	83,419,000	78,156,000	85,658,000	84,159,000	80,844,000	70,740,000	84,687,000	85,925,000	76,073,000	68,603,000	84,715,000	78,466,000	73,858,000	68,996,000	68,837,000	66,152,000	71,082,000	71,196,000	62,937,000	68,774,000	65,495,000	74,217,000	64,628,000	64,628,000	74,805,000	79,851,000	63,886,000	53,466,000	69,374,000	67,676,000	50,185,000	46,989,000	60,787,000	75,838,000					93,823,000	75,323,000	81,640,000	86,667,000
yoy	13.62%	-0.50%	13.87%	20.20%	22.46%	35.53%	11.87%	4.34%	-7.90%	-15.37%	-2.86%	-3.01%	6.68%	15.89%	19.43%	31.39%	52.50%	45.50%	51.98%	52.85%	1.68%	-7.27%	-21.08%	-22.14%	-2.50%	-8.00%	4.41%	-2.26%	-7.62%	-2.99%	-2.87%	-0.01%	0.88%	7.76%	3.93%	3.19%	10.48%	1.15%	-2.06%	6.27%	3.12%	-0.03%	9.51%	3.00%	-0.57%	23.07%	18.61%	3.91%	-3.09%	9.37%	-3.81%	8.53%	-4.07%	-2.62%	6.42%	-12.45%	-7.06%	1.16%	20.88%	7.83%	17.99%	27.30%	13.78%	14.13%	-10.76%
qoq	2.40%	-6.52%	1.41%	17.05%	-10.32%	6.98%	7.05%	19.24%	-0.75%	-11.69%	-0.16%	5.25%	-8.80%	1.37%	-0.31%	15.76%	-0.93%	4.46%	9.67%	34.36%	-5.48%	9.11%	10.30%	-10.62%	-13.80%	-7.13%	8.81%	11.93%	-18.66%	5.40%	1.86%	5.79%	-14.58%	5.53%	4.85%	6.73%	-8.76%	1.78%	4.10%	14.28%	-16.47%	-1.44%	12.95%	10.89%	-19.02%	7.96%	6.24%	7.05%	0.23%	4.06%	-6.94%	-0.16%	13.12%	-8.49%	5.01%	-11.75%	14.84%	0.00%	-13.60%	-6.32%	24.99%	19.49%	-22.93%	2.51%	34.85%	6.80%	-22.70%	-19.85%						24.56%	-7.74%	-5.80%
cost of products and services sold	112,286,000	109,568,000	116,972,000	114,413,000	99,638,000	112,873,000	104,448,000	95,173,000	76,846,000	77,438,000	86,505,000	87,773,000	85,266,000	94,646,000	92,319,000	95,012,000	83,318,000	85,695,000	81,887,000	74,118,000	54,112,000	56,676,000	51,731,000	47,386,000	54,834,000	62,136,000	66,588,000	63,414,000	57,180,000	69,486,000	63,541,000	63,103,000	58,925,000	66,998,000	63,763,000	62,135,000	59,445,000	63,611,000	62,821,000	60,997,000	54,191,000	60,761,000	62,576,000	57,092,000	52,298,000	64,160,000	59,858,000	58,154,000	55,281,000	54,101,000	52,231,000	57,200,000	54,589,000	49,621,000	53,848,000	50,031,000	57,465,000	48,304,000	48,304,000	56,158,000	59,229,000	49,923,000	43,954,000	53,074,000	51,079,000	38,568,000	38,215,000	47,530,000	57,659,000
gross profit	38,239,000	37,434,000	40,277,000	40,429,000	32,843,000	34,861,000	33,647,000	33,833,000	31,210,000	31,536,000	36,589,000	35,863,000	32,204,000	34,140,000	34,738,000	32,457,000	26,793,000	25,448,000	24,510,000	22,904,000	18,092,000	19,706,000	18,272,000	15,769,000	15,942,000	19,964,000	21,855,000	17,459,000	15,337,000	19,656,000	21,261,000	20,306,000	19,918,000	25,307,000	23,703,000	21,236,000	18,399,000	21,407,000	20,835,000	19,847,000	16,549,000	23,926,000	23,349,000	18,981,000	16,305,000	20,555,000	18,608,000	15,704,000	13,715,000	14,736,000	13,921,000	13,882,000	16,607,000	13,316,000	14,926,000	15,464,000	16,752,000	16,324,000	16,324,000	18,647,000	20,622,000	13,963,000	8,873,000	16,300,000	16,597,000	11,617,000	8,774,000	13,257,000	18,179,000	15,235,000	15,982,000	23,459,000	25,751,000	25,389,000	18,474,000	22,194,000	23,122,000
yoy	16.43%	7.38%	19.70%	19.50%	5.23%	10.54%	-8.04%	-5.66%	-3.09%	-7.63%	5.33%	10.49%	20.20%	34.16%	41.73%	41.71%	48.09%	29.14%	34.14%	45.25%	13.49%	-1.29%	-16.39%	-9.68%	3.94%	1.57%	2.79%	-14.02%	-23.00%	-22.33%	-10.30%	-4.38%	8.26%	18.22%	13.77%	7.00%	11.18%	-10.53%	-10.77%	4.56%	1.50%	16.40%	25.48%	20.87%	18.88%	39.49%	33.67%	13.12%	-17.41%	10.66%	-6.73%	-10.23%	-0.87%	-18.43%	-8.56%	-17.07%	-18.77%	16.91%	83.97%	14.40%	24.25%	20.19%	1.13%	22.95%	-8.70%	-23.75%	-45.10%	-43.49%	-29.40%	-39.99%	-13.49%	5.70%	11.37%
qoq	2.15%	-7.06%	-0.38%	23.10%	-5.79%	3.61%	-0.55%	8.40%	-1.03%	-13.81%	2.02%	11.36%	-5.67%	-1.72%	7.03%	21.14%	5.29%	3.83%	7.01%	26.60%	-8.19%	7.85%	15.87%	-1.09%	-20.15%	-8.65%	25.18%	13.84%	-21.97%	-7.55%	4.70%	1.95%	-21.29%	6.77%	11.62%	15.42%	-14.05%	2.75%	4.98%	19.93%	-30.83%	2.47%	23.01%	16.41%	-20.68%	10.46%	18.49%	14.50%	-6.93%	5.85%	0.28%	-16.41%	24.71%	-10.79%	-3.48%	-7.69%	2.62%	0.00%	-12.46%	-9.58%	47.69%	57.37%	-45.56%	-1.79%	42.87%	32.40%	-33.82%	-27.08%	19.32%	-4.67%	-31.87%	-8.90%	1.43%	37.43%	-16.76%	-4.01%
gross margin %	25.40%	25.46%	25.61%	26.07%	24.79%	23.60%	24.37%	26.23%	28.85%	28.93%	29.64%	29.01%	27.41%	26.51%	27.34%	25.46%	24.33%	22.90%	23.04%	23.61%	25.06%	25.80%	26.10%	24.84%	22.45%	24.23%	24.64%	21.42%	21.06%	21.95%	25.03%	24.35%	25.26%	27.42%	27.10%	25.46%	23.54%	24.99%	24.76%	24.55%	23.39%	28.25%	27.17%	24.95%	23.77%	24.26%	23.71%	21.26%	19.88%	21.41%	21.04%	19.53%	23.33%	21.16%	21.70%	23.61%	22.57%	25.26%	25.26%	24.93%	25.83%	21.86%	16.60%	23.50%	24.52%	23.15%	18.67%	21.81%	23.97%	Infinity%	Infinity%	Infinity%	Infinity%	27.06%	24.53%	27.19%	26.68%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
selling and administrative expenses	34,163,000	28,569,000	29,305,000	28,410,000	26,608,000	26,402,000	24,516,000	24,831,000	23,538,000	23,713,000	25,555,000	25,591,000	24,472,000	25,102,000	24,717,000	25,276,000	21,627,000	21,026,000	20,066,000	21,848,000	15,996,000	17,004,000	16,070,000	13,738,000	17,032,000	18,151,000	19,862,000	17,480,000	17,515,000	19,148,000	18,327,000	19,298,000	19,175,000	20,760,000	20,517,000	20,609,000	18,515,000	18,532,000	19,616,000	17,766,000	15,817,000	18,546,000	17,586,000	16,788,000	15,723,000	18,331,000	15,852,000	15,985,000	14,661,000	13,918,000	14,155,000	14,450,000	13,509,000	13,222,000	13,707,000	13,286,000	14,202,000	13,841,000	13,841,000	13,998,000	14,000,000	13,517,000	12,687,000	13,367,000	14,100,000	11,982,000	11,612,000	14,014,000	13,963,000	15,411,000	14,456,000	15,750,000	15,025,000	15,012,000	13,353,000	13,911,000	14,353,000
operating income	4,076,000	8,865,000	10,972,000	11,944,000	6,235,000	8,459,000	9,131,000	9,010,000	7,660,000	7,819,000	11,028,000	10,237,000	7,732,000	9,038,000	10,021,000	7,174,000	5,161,000	4,422,000	4,444,000	1,046,000	2,096,000	2,686,000	2,202,000	1,846,000	2,631,000	1,760,000	6,839,000	-4,902,500	-2,273,000	-20,271,000	2,934,000	-2,128,000	743,000	4,547,000	-24,814,000	499,000	-774,000	2,818,000	1,066,000	2,081,000	732,000	5,380,000	5,763,000	2,193,000	582,000	2,224,000	2,534,000	-1,086,000	-946,000	818,000	-506,000	-2,709,000	2,840,000	94,000	1,219,000	2,178,000	2,550,000	2,483,000	2,483,000	4,649,000	6,622,000	293,000	-3,814,000	2,933,000	2,497,000	-825,000	-3,795,000	-13,426,000	4,216,000	-31,905,000	1,526,000	7,709,000	10,726,000	10,377,000	5,121,000	8,283,000	8,769,000
yoy	-34.63%	4.80%	20.16%	32.56%	-18.60%	8.19%	-17.20%	-11.99%	-0.93%	-13.49%	10.05%	42.70%	49.82%	104.39%	125.50%	585.85%	146.23%	64.63%	101.82%	-43.34%	-20.33%	52.61%	-67.80%	-137.65%	-215.75%	-108.68%	133.09%	130.38%	-405.92%	-545.81%	-111.82%	-526.45%	-195.99%	61.36%	-2427.77%	-76.02%	-205.74%	-47.62%	-81.50%	-5.11%	25.77%	141.91%	127.43%	-301.93%	-161.52%	171.88%	-600.79%	-59.91%	-133.31%	770.21%	-141.51%	-224.38%	11.37%	-96.21%	-50.91%	-53.15%	-61.49%	747.44%	-165.10%	58.51%	165.20%	-135.52%	0.50%	-121.85%	-40.77%	-97.41%	-348.69%	-274.16%	-60.69%	-407.46%	-70.20%	-6.93%	22.32%
qoq	-54.02%	-19.20%	-8.14%	91.56%	-26.29%	-7.36%	1.34%	17.62%	-2.03%	-29.10%	7.73%	32.40%	-14.45%	-9.81%	39.68%	39.00%	16.71%	-0.50%	324.86%	-50.10%	-21.97%	21.98%	19.28%	-29.84%	49.49%	-74.27%	-239.50%	115.68%	-88.79%	-790.90%	-237.88%	-386.41%	-83.66%	-118.32%	-5072.75%	-164.47%	-127.47%	164.35%	-48.77%	184.29%	-86.39%	-6.65%	162.79%	276.80%	-73.83%	-12.23%	-333.33%	14.80%	-215.65%	-261.66%	-81.32%	-195.39%	2921.28%	-92.29%	-44.03%	-14.59%	2.70%	0.00%	-46.59%	-29.79%	2160.07%	-107.68%	-230.04%	17.46%	-402.67%	-78.26%	-71.73%	-418.45%	-113.21%	-2190.76%	-80.20%	-28.13%	3.36%	102.64%	-38.17%	-5.54%
operating margin %	2.71%	6.03%	6.98%	7.70%	4.71%	5.73%	6.61%	6.98%	7.08%	7.17%	8.93%	8.28%	6.58%	7.02%	7.89%	5.63%	4.69%	3.98%	4.18%	1.08%	2.90%	3.52%	3.15%	2.91%	3.71%	2.14%	7.71%	-6.01%	-3.12%	-22.64%	3.45%	-2.55%	0.94%	4.93%	-28.37%	0.60%	-0.99%	3.29%	1.27%	2.57%	1.03%	6.35%	6.71%	2.88%	0.85%	2.63%	3.23%	-1.47%	-1.37%	1.19%	-0.76%	-3.81%	3.99%	0.15%	1.77%	3.33%	3.44%	3.84%	3.84%	6.21%	8.29%	0.46%	-7.13%	4.23%	3.69%	-1.64%	-8.08%	-22.09%	5.56%	-Infinity%	Infinity%	Infinity%	Infinity%	11.06%	6.80%	10.15%	10.12%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
interest expense	474,000	573,000	747,000	865,000	661,000	728,000	875,000	1,003,000	134,000	453,000	566,000	763,000	877,000	1,258,000	788,000	681,000	524,000	529,000	234,000	112,000	54,000	63,000	58,000	78,000	129,000	234,000	432,000	529,000	585,000	632,000	532,000	475,000	408,000	425,000	411,000	411,000	188,000	8,000	13,000	9,000	9,000	9,000	8,000	11,000	11,000	12,000	11,000	11,000	19,000	-1,000	30,000	-7,000	39,000	37,000	48,000	41,000	56,000	40,000	40,000	42,000	42,000	43,000	37,000	36,000	37,000	-10,000	12,000	44,000	43,000	28,000	15,000	18,000	20,000	34,000	252,000	395,000	281,000
other expense	244,000	-103,000	530,000	75,000	-22,000	382,000	-61,000	120,000	75,000	-29,000	96,000	-71,000	-71,000	-55,000	213,000	115,000	-55,000	9,000	79,000	43,000	43,000	-135,000	-105,000	-120,000	642,000		82,000	-45,000	183,000
income before income taxes	3,358,000	8,395,000	9,695,000	11,777,000	5,596,000	7,349,000	8,317,000	7,887,000	7,451,000	7,395,000	10,366,000	9,545,000	6,926,000	7,835,000	9,020,000	6,378,000	4,692,000	3,884,000	4,131,000	906,000	2,001,000	2,759,000	2,250,000	1,888,000	1,861,000	1,618,000	6,326,000	-5,376,250	-3,035,000	-20,886,000	2,416,000	-2,588,000	343,000	4,130,000	-25,217,000	99,000	-937,000	2,838,000	1,080,000	2,102,000	751,000	5,388,000	5,763,000	2,191,000	579,000	2,218,000	2,526,000	-1,096,000	-963,000	826,000	-527,000	-2,691,000	2,808,000	63,000	1,182,000	2,138,000	2,484,000	2,472,000	2,472,000	4,611,000	6,600,000	267,000	-3,847,000	2,901,000	2,463,000	-819,000	-3,789,000		4,211,000	-31,889,000	1,577,000	7,789,000	10,858,000	10,445,000	4,888,000	7,896,000	8,498,000
income tax expense	1,267,000	2,047,000	2,431,000	3,606,000	1,713,000	1,702,000	1,635,000	2,219,000	2,076,000	1,489,000	2,338,000	1,130,000	2,257,000	1,418,000	2,758,000	1,202,000	1,074,000	779,000	998,000	708,000	529,000	551,000	260,000	375,000		-125,000	1,851,000	-1,076,000	133,000	-5,104,000	667,000	76,000	123,000	5,598,000	-9,588,000	-597,000	-406,000	832,000	251,000	674,000	229,000	1,606,000	2,013,000	548,000	186,000	630,000	999,000	-300,000	46,000	14,000	-212,000	-241,000	1,303,000	440,000	410,000	814,000	987,000	357,000		1,663,000	2,332,000	-460,000	-1,315,000	1,309,000	826,000	-562,000	-1,322,000	-363,000	1,524,000	-5,394,000	580,000	2,966,000	3,905,000	3,484,000	1,590,000	2,861,000	3,003,000
net income	2,091,000	6,348,000	7,264,000	8,171,000	3,883,000	5,647,000	6,682,000	5,668,000	5,375,000	5,906,000	8,028,000	8,415,000	4,669,000	6,417,000	6,262,000	5,176,000	3,618,000	3,105,000	3,133,000	198,000	1,472,000	2,208,000	1,990,000	1,513,000	1,861,000	1,743,000	4,475,000	-4,300,250	-3,168,000	-15,782,000	1,749,000	-2,664,000	220,000	-1,468,000	-15,629,000	696,000	-531,000	2,006,000	829,000	1,428,000	522,000	3,782,000	3,750,000	1,643,000	393,000	1,588,000	1,527,000	-796,000	-1,009,000	812,000	-315,000	-2,450,000	1,505,000	-377,000	772,000	1,324,000	1,497,000	2,115,000	2,115,000	2,948,000	4,268,000	727,000	-2,532,000	1,592,000	1,637,000	-257,000	-2,467,000	-13,062,000	2,687,000	-26,495,000	997,000	4,823,000	6,953,000	6,961,000	3,298,000	5,035,000	5,495,000
yoy	-46.15%	12.41%	8.71%	44.16%	-27.76%	-4.39%	-16.77%	-32.64%	15.12%	-7.96%	28.20%	62.58%	29.05%	106.67%	99.87%	2514.14%	145.79%	40.63%	57.44%	-86.91%	-20.90%	26.68%	-55.53%	-135.18%	-158.74%	-111.04%	155.86%	61.42%	-1540.00%	975.07%	-111.19%	-482.76%	-141.43%	-173.18%	-1985.28%	-51.26%	-201.72%	-46.96%	-77.89%	-13.09%	32.82%	138.16%	145.58%	-306.41%	-138.95%	95.57%	-584.76%	-67.51%	-167.04%	-315.38%	-140.80%	-285.05%	0.53%	-117.83%	-63.50%	-55.09%	-64.93%	190.92%	-183.53%	85.18%	160.72%	-382.88%	2.63%	-112.19%	-39.08%	-99.03%	-347.44%	-370.83%	-61.35%	-480.62%	-69.77%	-4.21%	26.53%
qoq	-67.06%	-12.61%	-11.10%	110.43%	-31.24%	-15.49%	17.89%	5.45%	-8.99%	-26.43%	-4.60%	80.23%	-27.24%	2.48%	20.98%	43.06%	16.52%	-0.89%	1482.32%	-86.55%	-33.33%	10.95%	31.53%	-18.70%	6.77%	-61.05%	-204.06%	35.74%	-79.93%	-1002.34%	-165.65%	-1310.91%	-114.99%	-90.61%	-2345.55%	-231.07%	-126.47%	141.98%	-41.95%	173.56%	-86.20%	0.85%	128.24%	318.07%	-75.25%	3.99%	-291.83%	-21.11%	-224.26%	-357.78%	-87.14%	-262.79%	-499.20%	-148.83%	-41.69%	-11.56%	-29.22%	0.00%	-28.26%	-30.93%	487.07%	-128.71%	-259.05%	-2.75%	-736.96%	-89.58%	-81.11%	-586.12%	-110.14%	-2757.47%	-79.33%	-30.63%	-0.11%	111.07%	-34.50%	-8.37%
net income margin %	1.39%	4.32%	4.62%	5.27%	2.93%	3.82%	4.84%	4.39%	4.97%	5.42%	6.50%	6.81%	3.97%	4.98%	4.93%	4.06%	3.29%	2.79%	2.94%	0.20%	2.04%	2.89%	2.84%	2.38%	2.62%	2.12%	5.05%	-5.27%	-4.35%	-17.63%	2.06%	-3.19%	0.28%	-1.59%	-17.87%	0.83%	-0.68%	2.34%	0.99%	1.77%	0.74%	4.47%	4.36%	2.16%	0.57%	1.87%	1.95%	-1.08%	-1.46%	1.18%	-0.48%	-3.45%	2.11%	-0.60%	1.12%	2.02%	2.02%	3.27%	3.27%	3.94%	5.34%	1.14%	-4.74%	2.29%	2.42%	-0.51%	-5.25%	-21.49%	3.54%	-Infinity%	Infinity%	Infinity%	Infinity%	7.42%	4.38%	6.17%	6.34%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
earnings per common share
basic	60	200	240	280	130	190	230	190	180	200	280	155	160	230	230	190	130	110	120	10	50	80	80	60	70	70	170	-165	-120		70	-110	10			30	-20	80	30	60	20	150	150	70	20	60	60	-30	-40	30	-10	-100	60	-20	30	50	70	90	90	120	180	30	-100		70	-20	-110		120	-1,220	50	220	320	320	150	230	250
diluted	60	200	230	260	130	180	220	190	180	200	270	150	160	220	220	190	130	110	110		50	80	70	50	70	70	170	-165	-120		70	-110	10			30	-20	80	30	50	20	150	150	70	20	60	60	-30	-40	30	-10	-100	60	-20	30	50	60	90	90	120	180	30	-100		70	-20	-110		120	-1,210	50	220	320	320	150	230	250
weighted-average common shares outstanding
basic	33,018,000	31,157,000	30,449,000	29,903,000	30,003,000	29,930,000	29,593,000	29,049,000	29,163,000	29,024,000	28,757,000	28,127,000	28,306,000	28,078,000	27,641,000	27,286,000	27,378,000	27,292,000	26,996,000	26,692,000	26,771,000	26,639,000	26,520,000	26,274,000	26,301,000	26,280,000	26,236,000	26,109,000	26,132,000	26,083,000	26,032,000	25,866,000	25,875,000	25,858,000	25,791,000	25,436,000	25,452,000	25,314,000	25,275,000	24,988,000	25,080,000	24,911,000	24,764,000	24,496,000	24,528,000	24,449,000	24,436,000	24,388,000	24,401,000	24,313,000	24,312,000	24,307,000	24,298,000	24,300,000	24,298,000	24,294,000	24,287,000	24,291,000	24,291,000	24,288,000		24,128,000	24,277,000			21,800,000	21,801,000			21,764,000
diluted	33,855,000	32,004,000	31,381,000	30,832,000	30,966,000	30,876,000	30,530,000	30,068,000	30,122,000	30,043,000	29,955,000	29,316,000	29,611,000	29,204,000	28,664,000	27,993,000	28,083,000	28,067,000	27,743,000	27,440,000	27,727,000	27,360,000	26,968,000	26,473,000	26,623,000	26,534,000	26,293,000	26,109,000	26,132,000	26,083,000	26,365,000	25,866,000	26,437,000	25,858,000	25,791,000	25,988,000	25,452,000	25,803,000	25,912,000	25,592,000	25,700,000	25,624,000	25,194,000	24,638,000	24,643,000	24,507,000	24,508,000	24,546,000	24,609,000	24,385,000	24,410,000	24,391,000	24,352,000	24,360,000	24,341,000	24,360,000	24,339,000	24,363,000	24,363,000	24,408,000		24,134,000	24,277,000			21,800,000	21,801,000			21,764,000
severance and restructuring costs								127,000	130,000	31,000	347,000
severence costs												7,750		18,000
severance costs															12,000	7,000	5,000			10,000		5,000		93,000	11,000	54,000			54,000	23,000
restructuring costs																				750			3,000	222,000	223,000	277,000	258,000	649,000	261,000	376,000	155,000					48,000	312,000	640,000	503,000
interest																				-15,000	-2,000	-1,000	-1,000		-1,000	-1,000	-1,000	-1,000	-6,000	-17,000	-14,000	-15,000	-8,000	-8,000	-8,000	-11,000	-25,000	-28,000	-27,000	-30,000	-28,000	-17,000	-8,000	-9,000	-8,000	-6,000	-3,000	-1,000	-2,000	-7,000	-9,000	-11,000	-7,000	-6,000	-11,000	-1,000	10,000	-29,000	-29,000	-4,000	-20,000	-17,000	-4,000	-4,000	-3,000	4,000	-18,000	-45,000	-38,000	-44,000	-66,000	-98,000	-152,000			-8,000	-10,000
restructuring gains
restructuring (gain) costs																								-2,144,000	-3,729,000	-1,000
impairment of goodwill																												5,041,250		20,165,000		7,000,000			28,000,000
transition and realignment costs																														120,000
other																										-91,000
restructuring																											-4,846,000
severance (gain) costs																												114,250	-12,000
loss per common share
basic																														-610
diluted																														-610
acquisition deal costs																																				128,000	1,480,000
net income	2,091,000	6,348,000	7,264,000	8,171,000	3,883,000	5,647,000	6,682,000	5,668,000	5,375,000	5,906,000	8,028,000	8,415,000	4,669,000	6,417,000	6,262,000	5,176,000	3,618,000	3,105,000	3,133,000	198,000	1,472,000	2,208,000	1,990,000	1,513,000	1,861,000	1,743,000	4,475,000	-4,300,250	-3,168,000	-15,782,000	1,749,000	-2,664,000	220,000	-1,468,000	-15,629,000	696,000	-531,000	2,006,000	829,000	1,428,000	522,000	3,782,000	3,750,000	1,643,000	393,000	1,588,000	1,527,000	-796,000	-1,009,000	812,000	-315,000	-2,450,000	1,505,000	-377,000	772,000	1,324,000	1,497,000	2,115,000	2,115,000	2,948,000	4,268,000	727,000	-2,532,000	1,592,000	1,637,000	-257,000	-2,467,000	-13,062,000	2,687,000	-26,495,000	997,000	4,823,000	6,953,000	6,961,000	3,298,000	5,035,000	5,495,000
yoy	-46.15%	12.41%	8.71%	44.16%	-27.76%	-4.39%	-16.77%	-32.64%	15.12%	-7.96%	28.20%	62.58%	29.05%	106.67%	99.87%	2514.14%	145.79%	40.63%	57.44%	-86.91%	-20.90%	26.68%	-55.53%	-135.18%	-158.74%	-111.04%	155.86%	61.42%	-1540.00%	975.07%	-111.19%	-482.76%	-141.43%	-173.18%	-1985.28%	-51.26%	-201.72%	-46.96%	-77.89%	-13.09%	32.82%	138.16%	145.58%	-306.41%	-138.95%	95.57%	-584.76%	-67.51%	-167.04%	-315.38%	-140.80%	-285.05%	0.53%	-117.83%	-63.50%	-55.09%	-64.93%	190.92%	-183.53%	85.18%	160.72%	-382.88%	2.63%	-112.19%	-39.08%	-99.03%	-347.44%	-370.83%	-61.35%	-480.62%	-69.77%	-4.21%	26.53%
qoq	-67.06%	-12.61%	-11.10%	110.43%	-31.24%	-15.49%	17.89%	5.45%	-8.99%	-26.43%	-4.60%	80.23%	-27.24%	2.48%	20.98%	43.06%	16.52%	-0.89%	1482.32%	-86.55%	-33.33%	10.95%	31.53%	-18.70%	6.77%	-61.05%	-204.06%	35.74%	-79.93%	-1002.34%	-165.65%	-1310.91%	-114.99%	-90.61%	-2345.55%	-231.07%	-126.47%	141.98%	-41.95%	173.56%	-86.20%	0.85%	128.24%	318.07%	-75.25%	3.99%	-291.83%	-21.11%	-224.26%	-357.78%	-87.14%	-262.79%	-499.20%	-148.83%	-41.69%	-11.56%	-29.22%	0.00%	-28.26%	-30.93%	487.07%	-128.71%	-259.05%	-2.75%	-736.96%	-89.58%	-81.11%	-586.12%	-110.14%	-2757.47%	-79.33%	-30.63%	-0.11%	111.07%	-34.50%	-8.37%
net income margin %	1.39%	4.32%	4.62%	5.27%	2.93%	3.82%	4.84%	4.39%	4.97%	5.42%	6.50%	6.81%	3.97%	4.98%	4.93%	4.06%	3.29%	2.79%	2.94%	0.20%	2.04%	2.89%	2.84%	2.38%	2.62%	2.12%	5.05%	-5.27%	-4.35%	-17.63%	2.06%	-3.19%	0.28%	-1.59%	-17.87%	0.83%	-0.68%	2.34%	0.99%	1.77%	0.74%	4.47%	4.36%	2.16%	0.57%	1.87%	1.95%	-1.08%	-1.46%	1.18%	-0.48%	-3.45%	2.11%	-0.60%	1.12%	2.02%	2.02%	3.27%	3.27%	3.94%	5.34%	1.14%	-4.74%	2.29%	2.42%	-0.51%	-5.25%	-21.49%	3.54%	-Infinity%	Infinity%	Infinity%	Infinity%	7.42%	4.38%	6.17%	6.34%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
basic																																		-60	-610
diluted																																		-60	-610
impairment of intangible asset																																					479,000
loss on sale of subsidiary																																															565,000
(gain) on sale of building
gain on sale of building																																															-343,000
goodwill impairment																																																				2,141,000														3,551,750	957,000	12,669,000
goodwill impairments																																																		603,250	272,000
loss on sale of a subsidiary																																																														159,750	639,000
total cost of products and services sold																																																									57,465,000	48,304,000	48,304,000			49,923,000	44,593,000
income tax (benefit) expense																																																											357,000
weighted-average common shares
outstanding
basic																																																													24,281,000								21,796,000	5,438,250	21,786,000		21,715,000	5,417,250	21,692,000	21,666,000	21,651,000
diluted																																																													24,289,000								21,805,000	5,499,000	21,908,000		22,005,000	5,481,750	21,955,000	21,938,000	21,878,000
earnings
basic																																																																70				-600
diluted																																																																70				-600
weighted average common shares outstanding
basic																																																																24,275,000	23,683,000			21,799,000				21,759,000
diluted																																																																24,284,000	23,688,000			21,799,000				22,063,000
income (loss) before income taxes																																																																				-13,425,000
weighted average common shares
net sales – products																																																																						55,355,000	63,198,000	77,625,000
net sales – installation																																																																						4,355,750	1,582,000	6,437,000
total net sales																																																																						59,710,750	64,780,000	84,062,000	90,001,000
cost of products sold																																																																						43,412,750	48,798,000	60,603,000	64,250,000	44,960,000	56,849,000	59,446,000	63,545,000
net sales - products																																																																									80,597,000
net sales - installation																																																																									9,404,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-03-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-06-30	2013-03-31	2012-12-31	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-04-29	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2001-03-31	2000-12-31

assets
current assets
cash and cash equivalents	10,333,000	6,407,000	7,143,000	3,457,000	4,301,000	4,712,000	6,969,000	4,110,000	7,175,000	2,660,000	3,533,000	1,828,000	1,350,000	2,765,000	9,028,000		1,248,000	914,000	2,570,000	2,282,000	23,528,000	13,584,000	9,463,000				1,579,000	966,000	1,686,000	9,563,000	4,162,000	2,055,000	2,120,000	3,039,000	4,375,000	33,023,000	30,714,000	33,835,000	33,779,000	28,763,000	28,385,000	26,409,000	27,966,000	18,054,000	8,747,000	9,013,000	10,416,000	7,949,000	13,850,000	14,499,000	15,255,000	18,547,000	19,542,000	11,029,000	4,056,000	9,583,000	9,583,000	14,392,000	12,103,000	17,417,000	15,629,000	14,347,000	9,253,000	13,986,000	13,713,000	8,227,000	1,183,000	6,992,000	4,509,000	9,057,000	3,930,000	2,731,000	3,061,000	1,636,000	1,429,000	3,322,000	7,210,000	205,000	239,000
accounts receivables	135,794,000	90,618,000	114,800,000	104,347,000	98,046,000	81,266,000	80,738,000	78,626,000	68,730,000	72,160,000	82,266,000	77,681,000	69,288,000	67,352,000	75,449,000	77,750,000	73,618,000	69,168,000	63,865,000	57,685,000	44,974,000	44,475,000	44,122,000	37,836,000	45,957,000	44,532,000	58,442,000	54,728,000	52,137,000	56,430,000	59,781,000	49,529,000	54,252,000	48,880,000	48,740,000	49,541,000	46,234,000	46,975,000	37,890,000	43,122,000	46,267,000		35,403,000	44,095,000	44,785,000		37,461,000		38,706,000	36,804,000																		38,857,000				55,750,000				51,557,000
inventories	116,589,000	82,023,000	78,910,000	79,818,000	74,462,000	69,426,000	71,262,000	70,913,000	60,331,000	60,154,000	63,089,000	63,718,000	67,661,000	73,205,000	80,457,000	74,421,000	78,364,000	71,954,000	67,906,000	58,941,000	40,390,000	34,825,000	37,351,000	38,752,000	43,597,000	43,311,000	43,078,000	43,512,000	51,621,000	54,093,000	49,580,000	51,687,000	49,182,000	50,008,000	48,460,000	42,404,000	43,600,000	44,141,000	46,193,000	45,885,000	44,934,000	43,083,000	42,583,000	42,067,000	45,306,000	45,408,000	46,579,000	42,093,000	41,430,000	43,113,000	41,276,000	42,205,000	40,806,000	47,263,000	50,298,000	55,535,000	55,535,000	44,297,000	42,732,000	40,082,000	41,015,000	41,831,000	44,752,000	40,196,000	39,371,000	43,918,000	47,520,000	50,509,000	48,863,000	50,745,000	51,417,000	49,731,000	52,955,000	52,446,000	51,751,000	45,345,000	39,452,000	47,672,000	40,326,000
refundable income tax	2,579,000		214,000				2,404,000	3,197,000				3,120,000				1,041,000				1,275,000	3,233,000	3,319,000	3,175,000	2,776,000	1,807,000	994,000			1,461,000	1,000,000		340,000
other current assets	13,876,000	7,213,000	6,673,000	6,544,000	5,809,000	5,324,000	5,517,000	5,653,000	4,595,000	4,386,000	3,956,000	3,529,000	4,617,000	4,378,000	4,355,000	3,243,000	4,299,000	3,413,000	5,440,000	4,825,000	4,277,000	3,214,000	3,832,000	2,977,000	3,106,000	3,214,000	3,554,000	3,380,000	4,155,000	3,936,000	3,625,000	3,339,000	3,420,000	2,964,000	3,852,000	2,996,000	3,455,000		6,590,000	7,448,000	7,001,000		6,282,000	6,617,000	6,549,000		6,220,000	5,445,000	6,236,000	6,086,000	5,453,000	5,027,000	4,974,000	4,906,000	4,977,000	4,735,000	4,735,000	4,379,000	5,340,000	5,512,000	5,113,000	3,952,000	4,181,000	4,635,000	5,533,000	5,817,000	6,587,000	6,111,000	4,905,000	4,959,000	6,444,000	6,782,000	8,021,000	8,774,000	8,312,000	6,725,000	5,416,000	6,185,000	3,803,000
total current assets	279,171,000	187,259,000	207,740,000	194,166,000	185,511,000	163,405,000	166,890,000	162,499,000	143,485,000	141,393,000	154,192,000	149,876,000	145,822,000	149,025,000	170,407,000	158,917,000	158,558,000	146,643,000	140,912,000	125,008,000	116,402,000	99,417,000	97,943,000	85,858,000	95,287,000	93,299,000	107,538,000	110,980,000	111,060,000	125,022,000	118,345,000	106,950,000	108,974,000	107,129,000	106,890,000	131,140,000	124,003,000	127,743,000	125,082,000	125,792,000	126,587,000	120,814,000	112,263,000	110,946,000	106,273,000	106,077,000	101,746,000	102,913,000	101,907,000	101,998,000	106,623,000	103,381,000	107,002,000	105,506,000	106,100,000	108,068,000	108,068,000	103,843,000	102,204,000	99,411,000	93,786,000	93,482,000	96,872,000	92,117,000	89,792,000	93,350,000	103,382,000	104,303,000	101,775,000	109,251,000	119,658,000	123,358,000	111,235,000	121,983,000	125,239,000	107,088,000	98,804,000	97,123,000	83,505,000
property, plant and equipment, at cost
land	4,010,000	4,029,000	4,029,000	4,029,000	4,029,000	4,029,000	4,010,000	4,010,000	4,010,000	4,010,000	4,010,000	4,010,000	4,010,000	4,010,000	4,010,000	4,010,000	4,010,000	4,010,000	4,010,000	3,984,000	3,943,000	3,943,000	3,933,000	3,933,000	3,933,000	4,602,000	4,576,000	4,576,000	6,770,000	6,770,000	6,718,000	6,470,000	6,469,000	6,429,000	6,422,000	6,422,000	6,995,000	6,978,000	6,982,000	6,980,000	6,980,000	6,952,000	6,952,000	6,934,000	6,928,000	6,918,000	6,914,000	7,015,000	7,015,000	7,015,000	6,947,000				6,848,000					6,784,000				6,501,000				6,190,000				6,180,000				6,695,000	6,651,000	6,698,000	6,692,000
buildings	24,934,000	24,928,000	24,572,000	24,575,000	24,778,000	24,729,000	24,757,000	24,757,000	24,600,000	24,543,000	24,515,000	24,561,000	24,624,000	24,485,000	24,469,000	24,495,000	24,454,000	24,433,000	24,375,000	24,393,000	20,667,000	20,663,000	20,660,000	20,638,000	20,215,000	27,363,000	27,083,000	27,015,000	35,618,000	35,608,000	35,984,000	35,880,000	35,686,000	35,463,000	35,430,000	34,654,000	39,382,000	39,317,000	38,614,000	38,162,000	37,746,000	37,706,000	37,613,000	37,484,000	36,737,000	37,027,000	37,202,000	37,889,000	37,843,000	37,770,000	37,660,000				37,228,000					36,148,000				35,270,000				33,344,000				32,920,000				32,630,000	32,361,000	32,120,000	31,987,000
machinery and equipment	107,612,000	78,769,000	78,246,000	77,858,000	77,637,000	76,443,000	75,433,000	74,204,000	67,713,000	66,582,000	66,377,000	67,457,000	68,075,000	67,322,000	67,115,000	66,762,000	67,446,000	67,087,000	66,346,000	65,928,000	68,444,000	68,298,000	67,737,000	67,796,000	70,733,000	70,558,000	70,296,000	73,185,000	76,677,000	77,865,000	77,658,000	82,784,000	81,790,000	78,804,000	82,058,000	78,908,000	78,514,000	82,628,000	80,032,000	77,570,000	76,628,000	76,383,000	76,300,000	75,312,000	74,625,000	75,533,000	75,669,000	71,535,000	71,940,000	70,208,000	68,964,000				68,064,000					65,507,000				61,342,000				62,473,000				59,515,000				62,930,000	56,790,000	55,692,000	47,716,000
construction in progress	1,690,000	1,913,000	1,544,000	989,000	1,026,000	987,000	1,161,000	1,611,000	1,792,000	2,988,000	1,716,000	1,231,000	720,000	893,000	563,000	618,000	665,000	347,000	653,000	933,000	778,000	418,000	772,000	440,000	803,000	808,000	683,000	455,000	1,311,000	1,135,000	1,261,000	1,100,000	652,000	3,805,000	1,721,000	1,697,000	1,731,000	838,000	3,108,000	1,514,000	1,369,000	588,000	611,000	1,263,000	600,000	221,000	508,000	3,464,000	2,777,000	2,152,000	531,000				427,000					434,000				167,000				125,000				2,232,000				229,000	400,000	209,000	5,667,000
property, plant and equipment, at cost - sum	138,246,000	109,639,000																																124,501,000	125,631,000	121,681,000	126,622,000	129,761,000	128,736,000	124,226,000	122,723,000	121,629,000	121,476,000	120,993,000	118,890,000	119,699,000	120,293,000	119,903,000	119,575,000	117,145,000	114,102,000				112,567,000					108,873,000				103,280,000				102,132,000				100,847,000				102,484,000	96,202,000	94,719,000	92,062,000
less accumulated depreciation	-80,441,000	-79,267,000	-77,904,000	-76,297,000	-78,249,000	-76,687,000	-75,172,000	-73,655,000	-74,043,000	-73,924,000	-73,119,000	-73,861,000	-74,198,000	-72,957,000	-71,913,000	-70,760,000	-70,626,000	-69,296,000	-67,961,000	-66,719,000	-71,713,000	-70,599,000	-69,533,000	-68,305,000	-70,981,000	-73,480,000	-72,127,000	-73,255,000	-80,258,000	-80,129,000	-79,098,000	-82,234,000	-78,615,000	-77,147,000	-79,511,000	-78,255,000	-78,931,000	-82,299,000	-81,488,000	-80,510,000	-79,149,000	-78,441,000	-78,091,000	-76,661,000	-75,247,000	-75,417,000	-75,235,000	-74,553,000	-74,903,000	-73,843,000	-71,576,000				-68,283,000					-63,962,000				-61,237,000				-57,378,000				-53,289,000				-50,121,000	-45,118,000	-40,567,000	-37,053,000
net property, plant and equipment	57,805,000	30,372,000	30,487,000	31,154,000	31,254,000	31,534,000	32,222,000	32,960,000	26,105,000	26,232,000	25,532,000	25,431,000	25,264,000	25,786,000	26,277,000	27,158,000	27,982,000	28,614,000	29,456,000	30,552,000	24,152,000	24,756,000	25,602,000	26,535,000	24,703,000	29,851,000	30,511,000	31,976,000	40,118,000	41,249,000	42,523	44,000,000	45,982,000	47,354,000	46,120,000	43,426,000	47,691,000	47,462,000	47,248,000	43,716,000	43,574,000	43,188,000	43,385,000	44,332,000	43,643,000	44,282,000	45,058,000	45,350,000	44,672,000	43,302,000	42,526,000				44,284,000					44,911,000				42,043,000				44,754,000				47,558,000				52,363,000	51,084,000	54,152,000	55,009,000
goodwill	208,444,000	64,089,000	64,068,000	64,548,000	63,204,000	57,456,000	57,456,000	57,397,000	45,030,000	45,030,000	45,030,000	45,030,000	45,030,000	45,030,000	45,030,000	45,030,000	44,388,000	44,388,000	43,788,000	43,788,000	10,373,000	10,373,000	10,373,000	10,373,000	10,373,000	10,373,000	10,373,000	10,373,000	10,373,000	10,373,000	30,538,000	30,538,000	30,538,000	58,538,000	58,376,000	10,508,000	10,508,000	10,508,000	10,508,000	10,508,000	10,508,000	10,508,000	10,508,000	10,508,000	10,508,000	10,508,000	10,508,000	10,508,000	10,508,000	10,780,000	12,921,000	13,618,000	10,508,000	10,508,000	10,766,000	10,766,000	10,766,000	10,766,000	10,766,000	10,766,000	10,766,000	10,766,000	10,766,000	1,558,000	1,818,000	2,382,000	15,051,000	15,051,000	42,200,000	42,200,000	42,200,000	42,200,000	42,200,000	42,198,000	42,198,000	59,802,000	17,117,000	17,303,000	17,303,000
intangible assets	200,215,000		76,512,000	78,258,000			72,508,000	73,916,000																																																													17,421,000	18,002,000	18,585,000		19,749,000	20,243,000	20,828,000
operating lease right-of-use assets	51,633,000	30,080,000	16,570,000	17,187,000	17,682,000	15,517,000	14,958,000	15,912,000	9,063,000	9,931,000	10,742,000	8,921,000	6,770,000	7,548,000	7,826,000	8,664,000	9,464,000	10,185,000	10,808,000	11,579,000	7,673,000	7,684,000	8,195,000	8,663,000
deferred tax assets		5,561,000		7,302,000
other long-term assets	3,281,000	3,839,000	9,496,000	3,747,000	7,307,000	5,533,000	5,468,000	6,116,000	4,653,000	4,139,000	4,259,000	3,688,000	3,739,000	3,310,000	3,187,000	3,347,000	3,001,000	3,279,000	3,067,000	3,121,000	10,546,000	10,432,000	10,393,000	10,874,000	21,238,000	22,537,000	23,127,000	15,124,000	13,807,000	14,405,000	9,420,000	10,781,000	16,216,000	5,490,000	5,671,000	5,384,000	5,144,000	4,261,000	1,711,000	1,679,000	1,773,000	1,777,000	1,823,000	1,648,000	1,770,000	1,794,000	1,706,000	1,829,000	2,122,000	1,965,000	2,082,000	2,822,000	2,313,000	2,304,000	2,357,000	3,836,000	3,836,000	3,606,000	3,665,000	3,654,000
total assets	800,549,000	396,306,000	404,873,000	396,362,000	384,565,000	344,545,000	349,502,000	348,800,000	287,969,000	287,548,000	301,768,000	296,149,000	291,019,000	296,283,000	319,501,000	311,080,000	312,555,000	303,469,000	299,588,000	286,821,000	197,094,000	181,281,000	181,795,000	172,263,000	182,232,000	187,361,000	203,521,000	201,100,000	208,695,000	225,078,000	235,544,000	228,367,000	239,189,000	256,680,000	255,916,000	195,836,000	192,825,000	195,560,000	190,262,000	187,534,000	188,408,000	182,379,000	174,198,000	173,778,000	168,665,000	169,888,000	167,870,000	169,179,000	168,366,000	167,778,000	175,226,000	173,302,000	174,353,000	173,943,000	176,021,000	180,702,000	180,702,000	177,122,000	176,182,000	173,845,000	167,306,000	167,688,000	171,957,000	153,118,000	151,611,000	157,267,000	181,041,000	183,540,000	208,616,000	217,565,000	228,357,000	233,612,000	223,433,000	233,821,000	238,400,000	224,401,000
liabilities & shareholders' equity
current liabilities
current maturities of long-term debt	58,000,000		3,571,000	3,571,000	3,571,000	3,571,000	3,571,000	3,571,000	3,571,000	3,571,000	3,571,000	3,571,000	3,571,000	3,571,000	3,571,000	3,571,000	3,571,000	3,571,000	3,571,000																																		1,082,000	1,091,000	35,000	34,000	34,000	34,000	33,000	33,000																22,000			85,000
accounts payable	68,813,000	43,334,000	47,314,000	48,526,000	43,751,000	32,322,000	33,845,000	32,192,000	26,114,000	23,136,000	33,552,000	29,206,000	24,749,000	27,293,000	41,133,000	34,783,000	38,697,000	36,737,000	41,281,000	32,977,000	25,003,000	18,499,000	20,292,000	14,216,000	18,772,000	20,528,000	23,301	18,664,000	20,631,000	26,679,000	23,774,000	16,353,000	17,842,000	19,356,000	16,003,000	13,917,000	14,284,000	13,892,000	11,756,000	8,829,000	15,420,000	14,721,000	11,900,000	12,836,000	13,433,000	13,658,000	11,895,000	12,429,000	11,148,000	11,836,000	11,512,000	11,577,000	10,903,000	10,602,000	9,568,000	14,733,000	14,733,000	11,711,000	12,795,000	12,553,000	10,163,000	8,291,000	11,717,000	9,249,000	7,689,000	10,675,000	15,182,000	15,452,000	13,372,000	15,066,000	20,089,000	19,834,000	15,744,000	20,559,000	24,489,000	22,974,000	15,807,000	18,289,000	13,603,000
accrued expenses	61,465,000	43,841,000	44,096,000	45,252,000	41,870,000	42,655,000	42,652,000	43,444,000	36,576,000	38,847,000	40,850,000	43,785,000	37,717,000	33,270,000	35,231,000	36,264,000	32,903,000	27,483,000	28,950,000	37,918,000	30,302,000	22,737,000	22,567,000	20,433,000	20,106,000	21,173,000	21,871,000	21,211,000	22,169,000	23,730,000	21,949,000	23,456,000	23,504,000	26,069,000	23,880,000	22,980,000	20,506,000	25,341,000	21,687,000	23,307,000	21,738,000	22,126,000	19,270,000	17,931,000	14,511,000	15,631,000	14,200,000	13,781,000	13,088,000	11,565,000	11,409,000	9,658,000	9,421,000	8,734,000	11,973,000	11,909,000	11,909,000	12,037,000	11,974,000	13,257,000	9,857,000	8,745,000	10,394,000	10,368,000	9,372,000	9,098,000	12,764,000	15,988,000	11,935,000	17,653,000	25,804,000	35,127,000	27,153,000	16,122,000	17,119,000	17,305,000	15,808,000	14,110,000	10,184,000
total current liabilities	188,278,000	87,175,000	94,981,000	97,349,000	89,192,000	78,548,000	80,068,000	79,207,000	66,261,000	65,554,000	77,973,000	76,562,000	66,037,000	64,134,000	79,935,000	74,618,000	75,171,000	67,791,000	73,802,000	70,895,000	55,305,000	41,236,000	42,859,000	34,649,000	38,878,000	41,701,000	45,172,000	39,875,000	42,800,000	50,409,000	45,723,000	39,809,000	41,346,000	45,425,000	39,883,000	36,897,000	34,790,000	39,233,000	33,443,000	32,136,000	37,158,000	36,847,000	31,170,000	30,767,000	27,944,000	29,289,000	26,095,000	26,210,000	24,236,000	23,401,000	22,921,000	21,235,000	21,406,000	20,427,000	21,576,000	26,676,000	26,676,000	23,782,000	24,802,000	25,843,000	20,051,000	17,067,000	22,141,000	19,617,000	17,061,000	19,773,000	27,946,000	31,440,000	25,307,000	32,719,000	45,893,000	54,961,000	42,897,000	36,681,000	41,608,000	40,301,000	31,615,000	32,399,000	23,872,000
long-term debt, less current maturities	203,006,000
operating lease liabilities	40,995,000	23,247,000	11,687,000	12,047,000	13,162,000	10,694,000	10,782,000	11,267,000	6,222,000	6,851,000	7,626,000	5,954,000	6,115,000	6,957,000	7,381,000	8,240,000	9,068,000	9,436,000	10,092,000	10,890,000	8,105,000	8,118,000	8,640,000	9,021,000
other long-term liabilities	3,323,000	3,310,000	6,484,000	4,695,000	8,326,000	3,105,000	2,798,000	2,677,000	3,548,000	3,459,000	3,644,000	3,466,000	4,086,000	3,521,000	3,307,000	3,182,000	3,068,000	2,940,000	4,167,000	4,167,000	1,046,000	1,023,000	1,162,000	1,138,000	10,728,000	11,310,000	12,010,000	1,747,000	1,844,000	1,972,000	2,606,000	1,440,000	1,587,000	1,479,000	1,490,000	1,119,000	1,144,000	807,000	2,365,000	2,099,000	2,166,000	2,580,000	1,592,000	2,131,000	2,150,000	2,187,000	1,346,000	1,279,000	2,084,000	2,193,000	2,937,000	2,893,000	2,080,000	2,114,000	3,227,000	3,288,000	3,288,000	3,682,000	3,734,000	3,784,000	3,019,000	3,040,000	3,035,000	3,028,000	3,046,000	3,087,000	3,592,000	3,584,000	3,168,000	3,147,000	3,079,000	415,000	431,000	447,000	463,000	479,000	1,289,000	583,000
deferred tax liabilities	8,850,000	3,197,000		3,209,000
commitments and contingencies	3,286,000	3,341,000	3,290,000	3,354,000
shareholders' equity
preferred shares, without par value; authorized 1,000,000 shares, none issued
common shares, without par value; authorized 50,000,000 shares; outstanding 36,697,563 and 30,054,532 shares, respectively	274,900,000
treasury shares, without par value	-11,283,000	-10,845,000	-10,352,000	-10,011,000	-9,665,000	-9,261,000	-8,755,000	-8,895,000	-8,520,000	-8,088,000	-7,583,000	-7,166,000	-6,736,000	-6,988,000	-6,439,000	-5,927,000	-5,457,000	-4,941,000	-4,471,000	-2,450,000	-2,111,000	-1,692,000	-1,504,000	-1,121,000	-1,057,000	-808,000			-1,629,000	-1,561,000
key executive compensation	11,283,000		10,352,000	10,011,000			8,755,000	8,895,000
retained earnings	77,274,000	76,733,000	71,940,000	66,201,000	59,531,000	57,144,000	52,989,000	47,788,000	43,577,000	39,656,000	35,196,000	28,548,000	21,506,000	18,208,000	13,078,000	8,224,000	4,403,000	2,165,000	400,000									-5,808,000	-5,368,000	-905,000	16,168,000	19,097,000	22,904,000	39,819,000	40,399,000	42,189,000	41,440,000	41,867,000	41,686,000	42,408,000	39,612,000	36,599,000	35,684,000	35,775,000	34,428,000	34,348,000	36,591,000	39,198,000	39,827,000	40,142,000	47,969,000	47,906,000	49,726,000	50,396,000	50,274,000	49,980,000	49,980,000	49,067,000	47,321,000	44,255,000	44,731,000	48,465,000	48,075,000	47,640,000	48,975,000	52,162,000	66,302,000	66,851,000	96,584,000	98,822,000	97,231,000	96,735,000	92,568,000	92,063,000	89,819,000	86,898,000	83,635,000	75,804,000	72,320,000
accumulated other comprehensive income	637,000	875,000	632,000	829,000	307,000	45,000	93,000	202,000	385,000	354,000	283,000	339,000	237,000	120,000	52,000	45,000	60,000	14,000	5,000	49,000		54,000		-93,000	-94,000	22,000	-7,000	16,000
total shareholders' equity	352,811,000	248,097,000	241,326,000	230,722,000	221,713,000	217,115,000	211,183,000	204,355,000	198,437,000	192,934,000	186,546,000	177,578,000	167,743,000	161,316,000	153,729,000	147,769,000	142,545,000	138,886,000	135,373,000	131,170,000	131,070,000	129,273,000	127,440,000	125,700,000	124,707,000	123,913,000
total liabilities & shareholders' equity	800,549,000	396,306,000	404,873,000	396,362,000	384,565,000	344,545,000	349,502,000	348,800,000	287,969,000	287,548,000	301,768,000	296,149,000	291,019,000	296,283,000	319,501,000	311,080,000	312,555,000	303,469,000	299,588,000	286,821,000	197,094,000	181,281,000	181,795,000	172,263,000	182,232,000	187,361,000
refundable income taxes		998,000			2,893,000	2,677,000			2,654,000	2,033,000	1,348,000		2,906,000	1,325,000	1,118,000		1,029,000	1,194,000	1,131,000								885,000	882,000			1,197,000			775,000					630,000	574,000		99,000	29,000	113,000	886,000	1,973,000	1,070,000	1,435,000	1,685,000	1,496,000	227,000	325,000	620,000	831,000	1,795,000	349,000	349,000	2,477,000	25,000	1,146,000	3,125,000	1,695,000	2,830,000	3,619,000	1,067,000	167,000	592,000	1,834,000	2,327,000	1,695,000	414,000	364,000	382,000	192,000	122,000	139,000		516,000	1,823,000
other intangible assets		75,106,000			79,607,000	71,100,000			59,633,000	60,823,000	62,013,000	63,203,000	64,394,000	65,584,000	66,774,000	67,964,000	69,162,000	70,360,000	71,557,000	72,773,000	27,948,000	28,619,000	29,289,000	29,960,000	30,631,000	31,301,000	31,972,000	32,647,000	33,337,000	34,029,000	34,718,000	36,098,000	37,479,000	38,169,000	38,859,000	5,378,000	5,479,000	5,586,000	5,713,000	5,839,000	5,966,000	6,092,000	6,219,000	6,344,000	6,471,000	7,227,000	8,236,000	8,579,000	9,157,000	9,733,000	11,074,000	10,574,000	11,222,000	11,868,000	12,514,000	13,162,000	13,162,000	13,808,000	14,455,000	15,103,000	15,903,000	16,551,000	17,195,000	12,981,000	13,502,000	14,021,000	14,541,000	15,060,000				19,166,000				3,751,000	4,230,000	4,710,000	5,193,000
long-term debt		27,939,000	47,105,000	44,986,000	51,789,000	34,615,000	44,118,000	50,658,000	12,782,000	17,950,000	25,098,000	31,629,000	46,002,000	59,250,000	73,975,000	76,025,000	81,387,000	83,030,000	74,700,000	68,178,000					7,919,000	10,437,000	23,181,000	39,541,000	43,812,000	48,372,000	46,152,000	45,289,000	51,862,000	49,698,000	54,966,000																										1,108,000	1,116,000	1,122,000				1,282,000						6,518,000	24,070,000	26,409,000	16,571,000		11,554,000	13,999,000
common shares, without par value; authorized 50,000,000 shares; outstanding 31,113,681 and 30,054,532 shares, respectively		170,489,000
deferred compensation plan		10,845,000			9,665,000	9,261,000			8,520,000	8,088,000	7,583,000	7,166,000	6,736,000	6,988,000	6,439,000	5,927,000	5,457,000	4,941,000	4,471,000	2,450,000	2,111,000	1,692,000	1,504,000	1,121,000	1,055,000	808,000	1,118,000	1,468,000	1,659,000	1,591,000	1,869,000
common shares, without par value; authorized 50,000,000 shares; outstanding 31,077,915 and 30,054,532 shares, respectively			168,754,000
buildings under finance leases					2,033,000	2,033,000	2,033,000	2,033,000	2,033,000	2,033,000	2,033,000	2,033,000	2,033,000	2,033,000	2,033,000	2,033,000	2,033,000	2,033,000	2,033,000	2,033,000	2,033,000	2,033,000	2,033,000	2,033,000
finance lease liabilities					383,000	468,000	553,000	636,000	719,000	800,000	881,000	960,000	1,036,000	1,105,000	1,174,000	1,246,000	1,316,000	1,386,000	1,454,000	1,521,000	1,568,000	1,631,000	1,694,000	1,755,000
common shares, without par value; authorized 50,000,000 shares; outstanding 30,054,532 and 29,222,414 shares, respectively				163,692,000
common shares, without par value; authorized 50,000,000 shares; outstanding 29,987,826 and 29,222,414 shares, respectively					161,875,000
common shares, without par value; authorized 50,000,000 shares; outstanding 29,891,100 and 29,222,414 shares, respectively						159,926,000
common shares, without par value; authorized 50,000,000 shares; outstanding 29,795,636 and 29,222,414 shares, respectively							158,101,000
common shares, without par value; authorized 50,000,000 shares; outstanding 29,222,414 and 28,488,570 shares, respectively								156,365,000
common shares, without par value; authorized 50,000,000 shares; outstanding 29,112,651 and 28,488,570 shares, respectively									154,475,000
common shares, without par value; authorized 50,000,000 shares; outstanding 29,059,820 and 28,488,570 shares, respectively										152,924,000
common shares, without par value; authorized 50,000,000 shares; outstanding 28,878,038 and 28,488,570 shares, respectively											151,067,000
common shares, without par value; authorized 50,000,000 shares; outstanding 28,448,570 and 27,484,514 shares, respectively												148,691,000
preferred shares, without par value;
authorized 1,000,000 shares, none issued
common shares, without par value;
authorized 50,000,000 shares;
outstanding 28,349,720 and 27,484,514 shares, respectively													146,000,000
common shares, without par value; authorized 50,000,000 shares; outstanding 28,120,755 and 27,484,514 shares, respectively														142,988,000
common shares, without par value; authorized 40,000,000 shares; outstanding 27,777,410 and 27,484,514 shares, respectively															140,599,000
authorized 40,000,000 shares;
outstanding 26,662,638 and 26,517,836 shares, respectively																139,500,000
common shares, without par value; authorized 50,000,000 shares; outstanding 26,642,320 and 26,517,836 shares, respectively																	138,082,000
common shares, without par value; authorized 50,000,000 shares; outstanding 26,630,923 and 26,517,836 shares, respectively																		136,707,000
common shares, without par value; authorized 40,000,000 shares; outstanding 26,611,003 and 26,517,836 shares, respectively																			134,968,000
common shares, without par value; authorized 40,000,000 shares; outstanding 26,517,836 and 26,286,009 shares, respectively																				132,526,000
retained																				-1,405,000	-260,000	-403,000	-1,270,000	-1,920,000	-2,115,000	-2,661,000	-3,080,000
outstanding 26,490,385 and 26,286,009 shares, respectively																					131,330,000
common shares, without par value; authorized 40,000,000 shares; outstanding 26,385,721 and 26,286,009 shares, respectively																						129,622,000
common shares, without par value; authorized 40,000,000 shares; outstanding 26,340,512 and 26,286,009 shares, respectively																							128,758,000
accumulated other comprehensive loss																							-48,000
asset held for sale																																														611,000	616,000
common shares, without par value; authorized 40,000,000 shares; outstanding 26,286,009 and 25,967,275 shares, respectively																								127,713,000
common shares, without par value; authorized 40,000,000 shares; outstanding 26,162,209 and 25,967,275 shares, respectively																									126,918,000
common shares, without par value; authorized 40,000,000 shares; outstanding 26,124,103 and 25,967,275 shares, respectively																										126,552,000
liabilities & shareholders’ equity
shareholders’ equity
common shares, without par value; authorized 40,000,000 shares; outstanding 26,049,515 and 25,967,275 shares, respectively																											126,235,000
treasury shares, without par value;																											-1,108,000	-1,468,000			-1,845,000
total shareholders’ equity																											123,158,000	119,937,000	120,239,000	124,325,000	141,063,000	141,829,000	144,394,000	160,078,000	159,577,000	157,820,000	156,891,000	155,520,000	154,454,000	153,299,000	149,084,000	142,952,000	141,436,000	140,880,000	138,571,000	138,412,000	140,429,000	141,690,000	142,046,000	142,184,000	149,368,000	149,174,000	150,867,000	151,402,000	151,218,000	150,738,000	150,738,000	149,658,000	147,646,000	144,218,000	143,128,000	146,465,000	145,659,000	130,473,000	131,504,000	134,407,000	148,221,000	148,516,000	177,891,000	179,525,000	177,211,000	176,061,000	171,591,000	170,627,000	167,924,000	164,985,000	138,040,000	128,863,000	124,905,000
total liabilities & shareholders’ equity																											203,521,000	201,100,000	208,695,000	225,078,000	235,544,000	228,367,000	239,189,000	256,680,000	255,916,000	195,836,000	192,825,000	195,560,000	190,262,000	187,534,000	188,408,000	182,379,000	174,198,000	173,778,000	168,665,000	169,888,000	167,870,000	169,179,000	168,366,000	167,778,000	175,226,000	173,302,000	174,353,000	173,943,000	176,021,000	180,702,000	180,702,000	177,122,000	176,182,000	173,845,000	167,306,000	167,688,000	171,957,000	153,118,000	151,611,000	157,267,000	181,041,000	183,540,000	208,616,000	217,565,000	228,357,000	233,612,000	223,433,000	233,821,000	238,400,000	224,401,000
assets held for sale																												7,512,000						1,463,000	1,463,000	3,176,000
common shares, without par value; authorized 40,000,000 shares; outstanding 25,967,275 and 25,641,913 shares, respectively																												125,729,000
common shares, without par value; authorized 40,000,000 shares; outstanding 25,894,306 and 25,641,913 shares, respectively																													125,577,000
common shares, without par value; authorized 40,000,000 shares; outstanding 25,861,114 and 25,641,913 shares, respectively																														125,200,000
common shares, without par value; authorized 40,000,000 shares; outstanding 25,799,257 and 25,641,913 shares, respectively																															124,871,000
common shares, without par value; authorized 40,000,000 shares; outstanding 25,624,299 and 24,429,223 shares, respectively																																122,732,000
common shares, without par value; authorized 40,000,000 shares; outstanding 25,535,362 and 24,997,531 shares, respectively																																	121,490,000
common shares, without par value; authorized 40,000,000 shares; outstanding 25,429,223 and 24,982,219 shares, respectively																																		120,259,000
common shares, without par value; authorized 40,000,000 shares; outstanding 25,375,142 and 24,982,219 shares, respectively																																			119,178,000
common shares, without par value; authorized 40,000,000 shares; outstanding 25,021,703 and 24,982,219 shares, respectively																																				115,631,000
common shares, without par value; authorized 40,000,000 shares; outstanding 24,997,531and 24,982,219 shares, respectively																																					115,451,000
prepaid and other current assets																																						2,792,000				7,562,000				6,319,000
common shares, without par value; authorized 40,000,000 shares; outstanding 24,982,219 and 24,392,938 shares, respectively																																						113,653,000
common shares, without par value; authorized 40,000,000 shares; outstanding 24,902,319 and 24,392,938 shares, respectively																																							112,768,000
common shares, without par value; authorized 40,000,000 shares; outstanding 24,685,777 and 24,392,938 shares, respectively																																								110,891,000
common shares, without par value; authorized 40,000,000 shares; outstanding 24,556,896 and 24,392,938 shares, respectively																																									109,472,000
accounts and notes receivable																																										43,661,000				42,753,000		45,991,000			44,412,000				44,974,000	37,866,000	37,866,000	38,298,000	42,004,000	35,254,000	28,904,000	31,657,000	35,856,000	29,681,000	30,108,000												46,726,000	42,545,000	37,314,000
common shares, without par value; authorized 40,000,000 shares; outstanding 24,392,938 and 24,122,284 shares, respectively																																										106,353,000
common shares, without par value; authorized 40,000,000 shares; outstanding 24,232,699 and 24,122,284 shares, respectively																																											105,752,000
common shares, without par value; authorized 40,000,000 shares; outstanding 24,140,775 and 24,122,284 shares, respectively																																												105,105,000
common shares, without par value; authorized 40,000,000 shares; outstanding 24,111,984 and 24,122,284 shares, respectively																																													104,143,000
common shares, without par value; authorized 40,000,000 shares; outstanding 24,122,284 and 24,057,266 shares, respectively																																														104,064,000
common shares, without par value; authorized 40,000,000 shares; outstanding 24,110,463 and 24,057,266 shares, respectively																																															103,838,000
common shares, without par value; authorized 40,000,000 shares; outstanding 24,057,266 and 24,035,564 shares, respectively																																																102,492,000
common shares, without par value; authorized 40,000,000 shares; outstanding 24,030,781 and 24,035,564 shares, respectively																																																	102,219,000
common shares, without par value; authorized 40,000,000 shares; outstanding 24,308,883 and 24,047,485 shares, respectively																																																		102,042,000
common shares, without par value; authorized 40,000,000 shares; outstanding 24,035,564 and 24,047,485 shares, respectively																																																			101,399,000
accounts receivable																																																				37,277,000	41,060,000	41,477,000												35,221,000	47,500,000		41,171,000	42,795,000	52,953,000		46,816,000	58,935,000	63,625,000
property, plant and equipment																																																				42,907,000	43,308,000	43,757,000		44,870,000	44,870,000	45,099,000	45,092,000		44,661,000	44,716,000	44,939,000		41,565,000	42,704,000	43,757,000		45,898,000	46,793,000	46,600,000		48,877,000	48,006,000	48,742,000
preferred shares, without par value; authorized 1,000,000 shares; none issued
common shares, without par value; authorized 40,000,000 shares; outstanding 24,034,551 and 24,047,485 shares, respectively																																																				101,268,000
common shares, without par value; authorized 40,000,000 shares; outstanding 24,032,587 and 24,047,485 shares, respectively																																																					101,141,000
common shares, without par value; authorized 40,000,000 shares; outstanding 24,032,276 and 24,047,485 shares, respectively																																																						101,006,000
outstanding 24,047,485 and 24,054,213 shares, respectively																																																							100,944,000
authorized 1,000,000 shares; none issued
outstanding 24,046,681 and 24,045,502
shares, respectively																																																								100,758,000	100,758,000		100,325,000								81,919,000				79,980,000		79,023,000	78,564,000
outstanding 24,045,163 and
24,045,502 shares, respectively																																																										100,591,000
outstanding 24,037,638 and 24,045,502
outstanding 24,054,213 and 21,579,741 shares, respectively																																																												99,963,000
other assets																																																													2,190,000	2,173,000	2,185,000	4,419,000	4,934,000	4,810,000	4,310,000	4,372,000	1,322,000	1,319,000	1,314,000	1,330,000	1,372,000	1,391,000	1,393,000	1,397,000	1,402,000	1,444,000	1,766,000
current portion, long-term debt																																																													31,000	31,000	30,000
outstanding 24,045,502 and 21,579,741 shares, respectively																																																													98,397,000
common shares, without par value; authorized 40,000,000 shares; outstanding 24,039,541 and 21,579,741 shares, respectively																																																														98,000,000
common shares, without par value; authorized 30,000,000 shares; outstanding 24,039,498 and 21,579,741 shares, respectively																																																															97,584,000
authorized 30,000,000 shares;
outstanding 21,579,741 and 21,585,390 shares, respectively																																																																82,833,000
common shares, without par value; authorized 30,000,000 shares; outstanding 21,571,545 and 21,585,390 shares, respectively																																																																	82,529,000
common shares, without par value; authorized 30,000,000 shares; outstanding 21,569,894 and 21,585,390 shares, respectively																																																																		82,245,000
outstanding 21,570,188 and 21,585,390
short-term investments																																																																							4,500,000	8,000,000
deferred income taxes																																																																								2,175,000				2,065,000	1,693,000	1,333,000
common shares, without par value; authorized 30,000,000 shares; outstanding 21,585,390 and 21,493,327 shares, respectively																																																																				81,665,000
long-term deferred tax liabilities																																																																					2,250,000	2,174,000	2,174,000		1,996,000	1,996,000	1,996,000
common shares, without par value; authorized 30,000,000 shares; outstanding 21,587,096 and 21,493,327 shares, respectively																																																																					81,307,000
outstanding 21,560,023 and 21,493,327 shares, respectively																																																																						80,703,000
outstanding 21,531,017 and 21,493,327
outstanding 21,493,327 and 21,462,490 shares, respectively																																																																								79,326,000
outstanding 21,493,095 and 21,462,490
outstanding 21,471,804 and 21,462,490
outstanding 21,454,180 and 21,462,490 shares, respectively																																																																											78,105,000
common shares, without par value; authorized 30,000,000 shares; outstanding 21,462,490 and 19,869,513 shares, respectively																																																																												78,087,000
outstanding 19,869,513 and 19,733,804 shares, respectively																																																																													54,405,000
outstanding 19,733,804 and 19,702,020 shares, respectively																																																																														53,059,000
common shares, without par value; authorized 30,000,000 shares; outstanding 15,761,616 and 15,776,707 shares, respectively																																																																															52,585,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2013-06-30	2013-03-31	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30

cash flows from operating activities
net income	2,091,000	6,348,000	7,264,000	8,171,000	3,883,000	5,647,000	6,682,000	5,668,000	5,375,000	5,906,000	8,028,000	8,415,000	4,669,000	6,416,000	6,262,000	5,176,000	3,618,000	3,105,000	3,133,000	198,000	1,472,000	2,208,000	1,990,000	1,513,000	1,861,000	1,743,000	4,475,000				1,749,000	-2,664,000	220,000	-1,468,000	-15,629,000	696,000	-531,000	2,006,000	829,000	1,428,000	522,000	3,782,000	3,750,000	1,643,000	393,000	1,588,000	1,527,000	-796,000	812,000	-315,000	1,505,000	-377,000	772,000	1,324,000	1,497,000	2,115,000	2,948,000	4,268,000	727,000	-2,532,000	1,592,000	1,637,000	-257,000	-2,782,000	-13,062,000	2,687,000	-26,495,000	997,000	4,823,000	6,953,000	6,961,000	3,298,000	5,035,000	5,495,000
non-cash items included in net income
depreciation and amortization	3,393,000	3,227,000	3,200,000	3,555,000	3,062,000	3,018,000	2,940,000	2,856,000	2,415,000	2,357,000	2,371,000	2,369,000	2,455,000	2,419,000	2,421,000	2,486,000	2,531,000	2,538,000	2,563,000	2,171,000	1,920,000	1,990,000	2,033,000	2,023,000	2,080,000	2,152,000	2,399,000	2,434,000	2,552,000	2,592,000	2,643,000	2,582,000	2,516,000	2,552,000	2,572,000	2,573,000	2,084,000	1,770,000	1,835,000	1,774,000	1,729,000	1,598,000	1,576,000	1,603,000	1,590,000	1,552,000	1,586,000	1,643,000	1,783,000	1,738,000	1,953,000	1,908,000	1,979,000	1,965,000	1,991,000	1,943,000	1,974,000	1,969,000	1,946,000	1,975,000	1,982,000	1,946,000	1,850,000	1,920,000	1,986,000	1,990,000	2,145,000	2,173,000	2,249,000	2,222,000	2,328,000	2,196,000	2,253,000	2,225,000
deferred income taxes	283,000	577,000	1,164,000	-2,651,000	-288,000	-184,000	742,000	-465,000	-552,000	90,000	-681,000	-477,000	10,000	-301,000	350,000	-368,000	282,000	-243,000	-13,000	-1,390,000	17,000	-66,000	381,000	1,288,000	744,000	70,000	1,823,000	-2,293,000	624,000	-4,786,000	85,000	902,000	17,000	5,148,000	-10,815,000	168,000	15,000	-137,000	-825,000	-991,000	322,000	-52,000	-396,000	358,000	-483,000	-94,000	-7,000	572,000	206,000	11,000	175,000	151,000	-9,000	-8,000	1,350,000	-297,000	16,000	-66,000	-1,537,000	180,000			1,780,000	-518,000	-351,000	90,000	-6,359,000	106,000	30,000	19,000	524,000	30,000	30,000	-39,000
deferred compensation plan	438,000	492,000	443,000	502,000	447,000	507,000	487,000	501,000	431,000	506,000	437,000	487,000	443,000	548,000	539,000	521,000	520,000	527,000	2,042,000	438,000	417,000	267,000	412,000	177,000	249,000	4,000	43,000	2,000	68,000	69,000	127,000	900,000	-128,000	0	-413,000	41,000	-41,000	39,000	198,000	-177,000	18,000	135,000	175,000	-823,000	-32,000	38,000	56,000	42,000	48,000	19,000	32,000	20,000	34,000	38,000	36,000	20,000	37,000	33,000	-54,000	-52,000	39,000	18,000	-76,000	-28,000	38,000	38,000	60,000	-7,000	22,000	75,000	98,000	6,000	60,000	65,000
stock compensation expense	716,000	1,001,000	1,109,000	969,000	1,007,000	1,141,000	1,047,000	853,000	927,000	814,000	1,220,000	1,390,000	893,000	864,000	551,000	822,000	780,000	1,130,000	556,000	660,000	415,000	397,000	505,000	105,000	-103,000	199,000	398,000		224,000	176,000	551,000		291,000	479,000	984,000		604,000	-53,000	1,741,000				1,775,000
espp discount	58,000	94,000	55,000	59,000	49,000	65,000	45,000	49,000	47,000	41,000	57,000
issuance of common shares as compensation	45,000	135,000	135,000	113,000	112,000	112,000	113,000	112,000	113,000	112,000	113,000	98,000	97,000	98,000	75,000	75,000	75,000	75,000	75,000	73,000	92,000	75,000	75,000	75,000	75,000	75,000	75,000	90,000	85,000	90,000	90,000	85,000	78,000	78,000	78,000	78,000	103,000	125,000	103,000	80,000	55,000	64,000	49,000	47,000	48,000	49,000	47,000	49,000	13,000	8,000	12,000	14,000	12,000	10,000	9,000	12,000	10,000	10,000	10,000	16,000	10,000	10,000	10,000	11,000	10,000	10,000	10,000	14,000	10,000	10,000	14,000	10,000	10,000	10,000
loss on disposition of fixed assets	9,000			225,000	-4,000	-18,000	1,000	133,000	32,000	94,000	47,000	22,000	0	35,000	2,000	8,000	35,000	8,000	14,000							-4,822,000	69,000					2,000			-31,000	432,000	-1,000	52,000	1,000			0	1,000				1,000		12,000		9,000				-37,000	0	51,000	1,000	13,000	0	27,000	1,000	31,000	4,000	0	1,000
allowance for credit losses	0	-251,000	73,000	138,000	72,000	-8,000	29,000	0	32,000	34,000	-9,000
inventory obsolescence reserve	0	-199,000	-488,000	-79,000	476,000	-205,000	336,000	0	-1,493,000	-28,000	262,000	1,756,000	440,000	50,000	250,000	1,359,000	-203,000	383,000	572,000	528,000	409,000	321,000	496,000	734,000	1,932,000	-510,000	298,000	1,033,000	531,000	1,277,000	766,000	843,000	729,000	890,000	143,000	1,107,000	223,000	185,000	573,000	375,000	652,000	332,000	367,000	400,000	340,000	607,000	146,000	491,000	-880,000	130,000	-172,000	327,000	277,000	-89,000	-352,000	54,000	374,000	200,000	-124,000	-78,000	12,000	366,000	-393,000	-55,000	-41,000	261,000	-171,000	-37,000	-66,000	242,000
changes in certain assets and liabilities:
accounts receivable	-8,186,000	24,433,000	-10,526,000	-6,494,000	-12,945,000	-520,000	-2,141,000	1,490,000	3,398,000	10,072,000	-4,576,000	-8,454,000	-1,964,000	8,213,000	2,293,000	-4,207,000	-4,496,000	-5,348,000	-6,260,000	-3,703,000	-391,000	-340,000	-6,136,000	8,018,000	-2,230,000	14,406,000	-3,854,000	-2,828,000	4,044,000	3,076,000	-4,218,000	-1,150,000	10,182,000	-5,554,000	-5,421,000	-241,000	7,960,000	-3,399,000	628,000	-8,957,000	5,201,000	3,240,000	-2,853,000		8,600,000	616,000	-2,637,000			-1,740,000											4,370,000	-4,583,000						1,822,000	10,086,000	2,777,000		12,119,000	4,690,000	-12,068,000
inventories	-2,166,000	-2,915,000	1,397,000	-5,381,000	-1,225,000	2,041,000	-685,000	1,664,000	1,316,000	2,963,000	367,000	2,187,000	5,104,000	7,202,000	-6,286,000	2,589,000	-6,180,000	-4,417,000	-9,578,000	-9,166,000	-6,012,000	2,269,000	926,000	4,227,000	-2,394,000	277,000	136,000	7,042,000	1,941,000	-5,790,000	-3,519,000	-150,000	-3,754,000	-370,000	683,000	-2,655,000	2,211,000	1,011,000	-32,000	1,656,000	-960,000	-1,415,000	-2,065,000	-900,000	-856,000	2,632,000	-875,000	680,000	217,000	1,553,000	1,106,000	-1,516,000	6,180,000	3,124,000	5,589,000	-11,292,000	-1,939,000	-2,850,000	1,057,000	105,000	2,909,000	-1,245,000						1,919,000	738,000	-1,928,000		-509,000	-695,000	-6,406,000
refundable income taxes	211,000	-783,000	-215,000	2,893,000	81,000	-570,000	793,000	-543,000	-621,000	-685,000	1,772,000	-214,000	-1,581,000	-207,000	-77,000	-12,000	170,000	-61,000	138,000	1,961,000	78,000	-129,000	-393,000	-723,000	-1,058,000	-109,000	-3,000	579,000	-461,000	197,000	587,000	-1,444,000	-340,000	0	775,000	-632,000				630,000	-56,000	-574,000	99,000	-70,000	84,000	773,000	1,028,000	-903,000	250,000	-189,000	98,000	295,000	211,000	964,000	-1,446,000	2,128,000
accounts payable	8,618,000	-3,982,000	-1,210,000	4,774,000	11,402,000	-1,523,000	1,653,000	-1,025,000	2,978,000	-10,415,000	4,345,000	4,457,000	-2,544,000	-13,840,000	6,350,000	-3,911,000	1,948,000	-4,612,000	8,359,000	3,992,000	6,517,000	-1,979,000	5,912,000	-4,898,000	-849,000	-2,747,000	4,611,000	-2,021,000	-5,999,000	2,981,000	5,723,000	1,194,000	-451,000	-1,067,000	-1,559,000	3,243,000	-789,000	-297,000	121,000	2,046,000	2,786,000	-6,186,000	224,000	2,794,000	-1,100,000	-597,000	-187,000	1,763,000	1,281,000	-688,000	-65,000	452,000
accrued expenses and other	-2,022,000	-2,318,000	-2,550,000	869,000	2,825,000	1,965,000	-2,009,000	-1,048,000	-336,000	-1,895,000	-4,634,000	2,350,000	4,411,000	362,000	-1,943,000	1,295,000	2,652,000	303,000	-6,663,000	5,016,000	435,000	1,355,000	-521,000	-288,000	-664,000	-34,000	440,000	202,000	-2,500,000	1,299,000	-3,172,000	2,744,000	-2,501,000	2,501,000	-3,243,000	2,939,000	-2,489,000	2,857,000	-5,487,000	4,304,000	-108,000	1,195,000	-275,000	1,775,000	2,548,000	2,612,000	-820,000	2,051,000	560,000	971,000	1,107,000	89,000
customer prepayments	3,442,000	-919,000	825,000		-2,072,000	-1,577,000	1,813,000		-1,633,000	-690,000	1,473,000		-72,000	-2,264,000	-212,000		2,086,000	-2,180,000	-2,837,000	2,409,000	5,959,000	-724,000	1,997,000	251,000	57,000	-485,000	130,000	-287,000	579,000	-389,000	795,000	-566,000	796,000	-640,000	419,000	-165,000	-42,000	-52,000	268,000	39,000	-748,000	7,000	431,000	476,000	-424,000	257,000	-458,000	-538,000	206,000	125,000	467,000	-20,000	-151,000	75,000	-650,000	-769,000	1,034,000	-1,237,000	1,126,000	594,000	-1,037,000	-266,000	1,119,000	-186,000	188,000	-1,125,000	359,000	-5,599,000	-3,815,000	-7,615,000
net cash flows from operating activities	6,930,000	24,983,000	676,000	9,499,000	6,882,000	9,891,000	11,846,000	11,095,000	12,429,000	9,276,000	10,592,000	17,040,000	12,486,000	9,479,000	10,583,000		3,875,000	-8,654,000	-7,889,000	3,375,000	11,217,000	5,778,000	7,639,000	12,615,000	-3,806,000	14,544,000	6,359,000	5,106,000	-1,243,000	5,440,000	2,188,000	4,606,000	7,685,000	2,617,000	-3,408,000	8,088,000	8,325,000	4,280,000	339,000	2,547,000	9,748,000	2,538,000	2,952,000	-858,000	11,070,000	10,901,000	-183,000	730,000	-2,675,000	1,839,000	-954,000	5,366,000	10,860,000	9,088,000	-3,594,000	-2,536,000	4,829,000	-2,505,000	4,481,000	4,229,000			3,095,000	6,793,000			6,226,000			1,959,000	17,678,000	24,136,000	6,067,000	-10,917,000
capital expenditures	0	0	-967,000	0	-690,000	0	-759,000	0	-1,277,000	-1,956,000	-1,393,000	0	-759,000	-561,000	-434,000		-531,000	-448,000	-297,000	-716,000	-637,000	-475,000	-405,000	-1,201,000	-419,000	-764,000	-355,000	0	-769,000	-931,000	-648,000	0	-988,000	-692,000	-498,000	0	-790,000	-784,000	-1,960,000	0	-5,026,000	-2,022,000	-1,362,000	0	-1,035,000	-1,434,000	-970,000	0	0	-2,544,000	0	-869,000	-885,000	-792,000	0	-1,088,000	-1,410,000	-1,503,000	0	-2,292,000			0	-268,000			0			-683,000	0	-2,521,000	-944,000	-1,395,000
free cash flows	6,930,000	24,983,000	-291,000	9,499,000	6,192,000	9,891,000	11,087,000	11,095,000	11,152,000	7,320,000	9,199,000	17,040,000	11,727,000	8,918,000	10,149,000		3,344,000	-9,102,000	-8,186,000	2,659,000	10,580,000	5,303,000	7,234,000	11,414,000	-4,225,000	13,780,000	6,004,000	5,106,000	-2,012,000	4,509,000	1,540,000	4,606,000	6,697,000	1,925,000	-3,906,000	8,088,000	7,535,000	3,496,000	-1,621,000	2,547,000	4,722,000	516,000	1,590,000	-858,000	10,035,000	9,467,000	-1,153,000	730,000	-2,675,000	-705,000	-954,000	4,497,000	9,975,000	8,296,000	-3,594,000	-3,624,000	3,419,000	-4,008,000	4,481,000	1,937,000			3,095,000	6,525,000			6,226,000			1,276,000	17,678,000	21,615,000	5,123,000	-12,312,000
cash flows from investing activities
proceeds from the sale of fixed assets				0	4,000			3,000	6,000			4,000	0
acquisition of royston
acquisition of cbh
acquisition of emi					0	0	-59,000
purchases of property, plant, and equipment			-967,000				-759,000
net cash flows from investing activities	-332,437,000	-1,682,000	-707,000	-2,646,000	-23,483,000	-1,020,000	-818,000	-50,659,000	-1,271,000	-1,930,000	-1,393,000	-1,450,000	-759,000	-560,000	-434,000	-797,000	-531,000	52,000	-297,000	-91,441,000	-637,000	-475,000	-405,000	-1,091,000	7,281,000	-762,000	11,983,000			-921,000	-648,000	-1,216,000	-989,000	-692,000	1,029,000	-3,085,000	-92,787,000	-783,000	-1,960,000	-1,857,000	-4,906,000	-2,018,000	-1,362,000	-1,262,000	-1,034,000	-1,432,000	1,474,000	-712,000	-1,895,000	-2,536,000	-890,000	-3,840,000	-885,000	-791,000	-720,000		-1,385,000	-1,503,000	-1,562,000			-1,808,000	-1,838,000						2,641,000	2,817,000	-8,686,000	-2,614,000	-926,000	1,971,000
cash flows from financing activities
payments on long-term debt			-52,878,000				-47,101,000
borrowings on long-term debt			54,997,000				40,561,000
equity raise
cash dividends paid	-1,550,000	-1,555,000	-1,525,000	-1,501,000	-1,496,000	-1,492,000	-1,481,000	-1,457,000	-1,454,000	-1,446,000	-1,380,000	-1,373,000	-1,371,000	-1,286,000	-1,408,000	-1,333,000	-1,332,000	-1,331,000	-1,326,000	-1,325,000	-1,324,000	-1,318,000	-1,321,000	-1,318,000	-1,315,000	-1,324,000	-1,319,000	-1,302,000	-1,295,000	-1,291,000	-1,296,000	-1,309,000	-1,281,000	-1,278,000	-1,286,000	-1,276,000	-1,259,000	-1,257,000	-1,256,000	-1,255,000	-1,238,000	-986,000	-735,000	-728,000	-484,000	-241,000	-1,447,000	-1,447,000	-1,441,000	0	-1,442,000	-1,443,000	-1,442,000	-1,202,000	-1,203,000	-1,202,000	-1,202,000	-1,202,000	-1,203,000	-1,202,000	-1,202,000	-1,202,000	-1,078,000	-1,079,000	-1,078,000	-3,236,000	-3,238,000	-3,235,000	-3,232,000	-3,875,000	-2,794,000	-2,793,000	-2,791,000	-2,574,000
shares withheld on employees' taxes			297,000				-204,000
payments on financing lease obligations				-87,000	-85,000	-85,000	-83,000	-83,000	-85,000	-79,000	-77,000	-89,000	-69,000	-57,000	-66,000	-72,000	-67,000	-65,000	-64,000	-61,000	-60,000	-60,000	-58,000
proceeds from stock option exercises	141,000	0	3,023,000	219,000	220,000	374,000	248,000	518,000	93,000	628,000	549,000	723,000	1,861,000			0	0	10,000	16,000	25,000	784,000	125,000	53,000	438,000	145,000
net cash flows from financing activities	329,671,000	-24,280,000	3,914,000	-8,219,000	15,928,000	-11,080,000	-8,060,000	36,709,000	-6,673,000	-8,289,000	-7,439,000	-15,164,000	-13,206,000	-15,189,000	-3,590,000	-6,769,000	-3,043,000	6,940,000	8,505,000	66,785,000	-600,000	-1,276,000	-1,331,000	-8,866,000	-3,688,000	-14,113,000	-17,729,000			882,000	-556,000	-2,267,000	-7,818,000	-868,000	1,460,000	-6,339,000	55,814,000	-1,188,000	-1,500,000	-634,000	174,000	-142,000	386,000	563,000	-124,000	-162,000	-1,557,000	-1,421,000	-1,331,000	48,000	-1,448,000	-2,521,000	-1,462,000	-1,324,000	-1,213,000		-1,155,000	-1,306,000	-1,131,000			-3,490,000	-984,000							-3,577,000	-9,322,000	-20,097,000	-4,934,000	7,053,000
change related to foreign currency	-238,000	243,000	-197,000	522,000	262,000	-48,000	-109,000	-210,000	30,000	70,000	-55,000	52,000	64,000	7,000	7,000	-25,000	33,000	6,000	-31,000	35,000	-36,000	94,000	43,000	39,000
increase in cash and cash equivalents	3,926,000	-736,000	3,686,000	-844,000	-411,000	-2,257,000	2,859,000	-3,065,000	4,515,000	-873,000	1,705,000			-6,263,000	6,566,000	1,214,000	334,000	-1,656,000	288,000	-21,246,000	9,944,000	4,121,000	5,946,000			-331,000	613,000			5,401,000	984,000					-1,336,000	-28,648,000	2,309,000	-3,121,000	56,000	5,016,000	378,000	1,976,000	-1,557,000	9,912,000	9,307,000	-266,000	-1,403,000	-5,901,000	-649,000	-3,292,000	-995,000	8,513,000	6,973,000	-5,527,000	-4,809,000			1,788,000	1,282,000			273,000	5,486,000
cash and cash equivalents at beginning of period	0	0	3,457,000	0	0	0	4,110,000	0	0	0	1,828,000	0	0	0	2,462,000	0	0	0	2,282,000	0	0	0	3,517,000	0	0	0	966,000		0	0	3,178,000		0	0	3,039,000		0	0	33,835,000		0	0	26,409,000		0	0	9,013,000			0
cash and cash equivalents at end of period	3,926,000	-736,000	7,143,000	-844,000	-411,000	-2,257,000	6,969,000	-3,065,000	4,515,000	-873,000	3,533,000	478,000	-1,415,000	-6,263,000	9,028,000	1,214,000	334,000	-1,656,000	2,570,000	-21,246,000	9,944,000	4,121,000	9,463,000	2,697,000	-428,000	-331,000	1,579,000		-7,877,000	5,401,000	4,162,000		-1,122,000	1,057,000	2,120,000		-28,648,000	2,309,000	30,714,000		5,016,000	378,000	28,385,000		9,912,000	9,307,000	8,747,000			-649,000		-995,000	8,513,000	11,029,000		-4,809,000	2,289,000	12,103,000		1,282,000	5,094,000	9,253,000		5,486,000	7,044,000	1,183,000		-4,548,000	5,127,000	3,930,000		1,425,000	207,000	1,429,000
changes in certain assets and liabilities
acquisition of business		2,000	260,000
purchases of property, plant and equipment					-690,000				-1,277,000	-1,956,000	-1,393,000		-759,000	-561,000	-434,000		-531,000	-448,000	-297,000	-716,000	-637,000	-475,000	-405,000	-1,201,000	-419,000	-764,000	-355,000		-769,000	-931,000	-648,000		-988,000	-692,000	-498,000		-790,000	-784,000	-1,960,000		-5,026,000	-2,022,000	-1,362,000		-1,035,000	-1,434,000	-970,000			-2,544,000		-869,000	-885,000	-792,000		-1,088,000	-1,410,000	-1,503,000		-2,292,000	-1,147,000	-1,133,000		-268,000	-413,000	-475,000		-700,000	-1,860,000	-683,000		-2,521,000	-944,000	-1,395,000
payments of long-term debt					-49,272,000				-5,766,000	-47,238,000	-49,362,000		-48,395,000	-55,029,000	-47,123,000		-35,458,000	-35,204,000	-42,533,000					-35,005,000	-69,925,000	-48,134,000	-51,612,000	-36,942,000	-37,423,000	-29,027,000	-23,039,000	-21,441,000	-29,264,000	-26,306,000	-22,247,000	-26,400,000
borrowings of long-term debt					66,446,000				599,000	40,090,000	42,831,000		35,147,000	40,304,000	45,073,000		33,814,000	43,533,000	52,659,000					27,086,000	67,407,000	35,390,000	35,252,000	32,671,000	32,863,000	31,247,000	23,831,000	21,512,000	22,404,000	26,593,000	24,411,000	21,132,000
shares withheld for employees' taxes					115,000				-60,000				-379,000	-399,000	-66,000		0	-3,000	-247,000	-32,000	0	-23,000	-5,000	-28,000	0
acquisition of emi and cbh, net of cash acquired
allowance for doubtful accounts												61,000	28,000	-116,000	8,000	41,000	57,000	138,000	10,000	34,000	-111,000	134,000	-38,000	124,000	251,000	-496,000	140,000	271,000	249,000	275,000	-19,000	70,000	29,000	66,000	49,000	101,000	43,000	92,000	113,000	-107,000	31,000	37,000	94,000	-48,000	92,000	74,000	102,000	-82,000	2,000	-162,000	28,000	-126,000	-248,000	-99,000	288,000	-459,000	496,000	102,000	-18,000	-41,000	-171,000	88,000	-26,000	-261,000	205,000	29,000	-131,000	-198,000	72,000	20,000
acquisition of jsi
employee stock purchase plan discount
adjustment to jsi acquisition purchase price																	0
(decrease) in cash and cash equivalents																																			-919,000																																					1,425,000
net cash (used in) from operating activities
changes in certain assets and liabilities, net of acquisition
acquisition of jsi, excluding cash aquired
gain on disposition of fixed assets																								-11,000					-12,000
impairment of goodwill																													0					0	28,000,000
proceeds from the sale of assets																									7,700,000	2,000	12,338,000								1,527,000
decrease in cash and cash equivalents																																																										-5,314,000				-4,733,000
non-cash items included in net income:
(gain) on disposition of facility																											-4,821,000
shares withheld for employees’ taxes																											-50,000
net																												862,000	-3,168,000
non-cash items included in net
impairment of goodwill and intangible asset																																0
stock based compensation expense
(gain) on disposition of fixed assets																																													-1,000
change in certain assets and liabilities, net of acquisition
proceeds from sale of fixed assets																																12,000	-1,000			14,000	3,080,000			-56,000	120,000			53,000	1,000	2,000	950,000	5,000	-1,000	8,000	0	2,000	0	1,000	10,000	20,000			16,000	500,000			0				4,000	0			414,000	0	18,000	3,414,000
purchase of treasury shares																																0	0	-1,000	-106,000	-48,000	-56,000	-46,000	-344,000	-46,000	-40,000	-49,000	-228,000	-40,000	-26,000	-29,000	-110,000	-22,000	-18,000	-16,000	-10,000	-9,000	-11,000	-124,000	-7,000	-7,000	-8,000	-96,000	-9,000	-9,000	-11,000	-82,000	-13,000	-14,000	-17,000	-144,000	-34,000	-13,000	-8,000	-207,000	-22,000	-17,000	-21,000	-247,000
shares withheld for employee taxes																												-15,000	0
exercise of stock options																																23,000	87,000			211,000	2,230,000			417,000	1,409,000							48,000	128,000	39,000	4,000	0	0	10,000	0	0											0	228,000	358,000	490,000	13,000	249,000	217,000	58,000
cash and cash equivalents at beginning of year																																																			0	0	0	4,056,000	0	0	0	17,417,000	0	0	0	13,986,000	0	0	0	6,992,000	0	0	0	2,731,000	0	0	0	3,322,000
cash and cash equivalents at end of year
net cash from investing activities
net cash from financing activities
shares withheld for employees taxes																															-52,000
(gain) on disposition of building																																													0	0	-343,000
acquisition of business, net of cash received and warrants issued																																				0
fixed asset impairment and accelerated depreciation																																					0
(gain) on the sale of the building
issuance of treasury shares																																	419,000	-119,000	573,000	42,000	132,000	2,000	42,000	250,000	43,000	33,000	14,000	882,000				0	0		0				5,000	13,000			88,000	64,000	0	11,000	107,000				5,000	52,000	13,000	15,000
loss (gain) on disposition of fixed assets
acquisition of common stock for tax withholding related to share based compensation
fixed asset impairment																																							273,000
changes in certain assets and liabilities – excluding sale of subsidiary
proceeds and tax benefits from exercises of stock options																																			115,000				58,000				1,335,000
intangible asset impairment																																				0
loss on sale of subsidiary																																												0	0	0	565,000
proceeds from sale of subsidiary, net of cash sold																																												0	0	0	1,494,000
(gain) on sale of building
changes in certain assets and liabilities, net of acquisition:
goodwill and intangible asset impairment
gain on disposition of building
change in certain assets and liabilities
stock option expense																																									392,000			86,000	271,000	796,000	86,000	109,000	102,000	102,000	93,000	89,000	100,000	128,000	143,000	129,000	164,000	415,000	1,531,000	378,000	378,000	346,000	276,000	263,000	295,000	350,000	317,000	330,000	328,000	271,000	201,000	195,000	193,000	132,000
earn-out liability adjustment
accounts and notes receivable																																																					665,000	3,596,000	-7,396,000	891,000	3,210,000	-6,852,000	-6,332,000
goodwill impairment																																																				0	0	258,000										1,538,000
change in certain assets and liabilities, net of acquisitions
acquisition of businesses, net of cash received
payment of long-term debt																																																			0	-1,082,000	-9,000	-8,000	-8,000	-9,000	-8,000	-8,000	-7,000	-8,000	-5,000	-2,217,000	0	0			0	0	0	-958,000	-6,518,000	-17,552,000	-2,339,000	-65,000
goodwill impairments
acquisition of business, net of cash received																																																												0	0	-675,000										-93,000	0	-48,000
loss on sale of a subsidiary																																																											0
gain/loss on disposition of fixed assets																																																						-1,000
accounts payable and other																																																						-2,197,000		2,989,000	-2,215,000	1,502,000		251,000	-2,450,000	2,247,000		-3,089,000	-7,795,000	-1,648,000		-2,440,000	-9,197,000	-1,186,000		6,752,000	-5,503,000	-283,000
acquisition of a business, net of cash received
proceeds from issuance of long-term debt																																																															0	0	0	1,282,000	0	0	0	958,000	0	0	0	9,881,000
net cash flows (used in) investing activities
net cash flows (used in) financing activities																																																																	-2,377,000	-2,098,000
proceeds from sale of short-term investments																																																																			0	0
supplemental cash flow information
interest paid																																																												40,000	35,000	34,000		2,000	13,000	43,000		23,000	23,000	16,000		401,000	375,000	131,000
income taxes paid																																																												34,000	405,000	16,000		31,000	262,000	84,000		1,463,000	7,294,000	1,793,000		2,684,000	4,511,000	626,000
issuance of common shares for acquisition																																																												0	0	14,448,000
net cash flows from (used in) operating activities																																																														565,000				-3,236,000
change (excluding effects of acquisitions) in
accounts receivable, gross																																																																	12,074,000	-8,672,000
inventories, gross																																																																	3,643,000	2,728,000
purchases of short-term investments																																																																						3,500,000
changes in
reserve for uncertain tax positions charged against retained earnings																																																																			0	0	0	-2,582,000
net cash flows from (used in) investing activities																																																																	-413,000	-475,000
reserve for uncertain tax positions																																																																		25,000		37,000	75,000	2,681,000
increase (decrease) in cash and cash equivalents																																																																		-5,809,000		-4,548,000	5,127,000	1,199,000				-1,893,000
net cash flows from (used in) financing activities
non-cash items included in income
(gain) loss on disposition of fixed assets																																																																										-48,000
purchase of property, plant, and equipment
purchase of short-term investment
proceeds from sale of short-term investment
sale of treasury shares
cumulative effect of accounting change, before taxes
net liabilities from discontinued operations
increase of borrowings under line of credit
the accompanying notes are an integral part of these financial statements.

LSI Industries Inc(NASDAQ:LYTS)

LSI Industries Inc
(NASDAQ:LYTS)