VIRCO MFG CORPORATION

For the period ended Jan 31, 2024. Filed Apr 12, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Apr 12, 2024

VIRC$6.25-1.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets as of January 31, 202 and

	January 31,
2024	2023
(In thousands, except share and par value data)
Assets
Current assets
Cash	$5,286	$1,057
Trade accounts receivables (net of allowance of $200 at January 31, 2024 and 2023)	23,161	18,435
Other receivables	20	68
Income tax receivable	—	19
Inventories	58,371	67,406
Prepaid expenses and other current assets	2,188	2,083
Total current assets	89,026	89,068
Property, plant, and equipment
Land	3,731	3,731
Land improvements	694	686
Buildings and building improvements	51,576	51,310
Machinery and equipment	114,400	113,662
Leasehold improvements	523	983
Total property, plant, and equipment	170,924	170,372
Less accumulated depreciation and amortization	136,356	135,810
Net property, plant, and equipment	34,568	34,562
Operating lease right-of-use assets	6,508	10,120
Deferred income tax assets	6,634	7,800
Other assets	9,709	8,576
Total assets	$146,445	$150,126

	January 31,
	2024	2023
(In thousands, except share and par value data)
Liabilities
Current liabilities
Accounts payable	$12,945	$19,448
Accrued compensation and employee benefits	10,880	9,554
Income tax payable	145	0
Current portion of long-term debt	248	7,360
Current portion of operating lease liability	5,744	5,082
Other accrued liabilities	8,570	7,081
Total current liabilities	38,532	48,525
Non-current liabilities
Accrued self-insurance	650	1,050
Accrued retirement benefits	9,429	10,676
Income tax payable	128	79
Long-term debt, less current portion	4,136	14,384
Operating lease liability, less current portion	1,829	6,796
Other long-term liabilities	562	555
Total non-current liabilities	16,734	33,540
Commitments and contingencies (Note 8)
Stockholders’ equity
Preferred stock:
Authorized 3,000,000 shares, $0.01 par value; none issued or outstanding	—	—
Common stock:
Authorized 25,000,000 shares, $0.01 par value; issued and outstanding 16,347,314 shares in 2024 and 16,210,985 shares in 2023	164	162
Additional paid-in capital	121,373	120,890
Accumulated deficit	(29,048)	(50,631)
Accumulated other comprehensive loss	(1,310)	(2,360)
Total stockholders’ equity	91,179	68,061
Total liabilities and stockholders’ equity	$146,445	$150,126

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.