National Bankshares Inc
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Penke I guess you are interested in National Bankshares Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of National Bankshares Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of National Bankshares Inc (30 sec.)

What can you expect buying and holding a share of National Bankshares Inc? (30 sec.)

How much money do you get?

$2.51

When do you have the money?

1 year

How often do you get paid?

95.0%

What is your share worth?

Current worth

$23.65

Expected worth in 1 year

$25.07

How sure are you?

75.0%

+ What do you gain per year?

Total Gains per Share

$3.92

Return On Investment

13.0%

For what price can you sell your share?

Current Price per Share

$30.26

Expected price per share

$25.18 - $31.98

How sure are you?

50%

1. Valuation of National Bankshares Inc (5 min.)

Live pricePrice per Share (EOD)

$30.26

Book Value per Share

$23.65

2. Growth of National Bankshares Inc (5 min.)

Is National Bankshares Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$139.3m	$125.5m	$748.5m	85.6%

How much money is National Bankshares Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$3.3m	$6.3m	-$3m	-91.8%
Net Profit Margin	24.1%	42.0%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of National Bankshares Inc (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

What can you expect buying and holding a share of National Bankshares Inc? (5 min.)

Welcome investor! National Bankshares Inc's management wants to use your money to grow the business. In return you get a share of National Bankshares Inc.

What can you expect buying and holding a share of National Bankshares Inc?

First you should know what it really means to hold a share of National Bankshares Inc. And how you can make/lose money.

Speculation

The Price per Share of National Bankshares Inc is $30.26. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

The fundamentals: the financial health trends of National Bankshares Inc.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in National Bankshares Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $23.65. Based on the TTM, the Book Value Change Per Share is $0.35 per quarter. Based on the YOY, the Book Value Change Per Share is $-1.11 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.63 per quarter.

Based on historical numbers we can estimate the returns while holding a share of National Bankshares Inc.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.37	1.2%	0.57	1.9%	1.07	3.6%	0.76	2.5%	0.66	2.2%
Usd Book Value Change Per Share	-0.19	-0.6%	0.35	1.2%	-1.11	-3.7%	-0.14	-0.5%	0.04	0.1%
Usd Dividend Per Share	0.00	0.0%	0.63	2.1%	0.63	2.1%	0.64	2.1%	0.60	2.0%
Usd Total Gains Per Share	-0.19	-0.6%	0.98	3.2%	-0.48	-1.6%	0.50	1.6%	0.64	2.1%
Usd Price Per Share	33.41	-	30.00	-	34.23	-	33.89	-	35.68	-
Price to Earnings Ratio	22.64	-	14.27	-	8.32	-	12.04	-	14.51	-
Price-to-Total Gains Ratio	-173.95	-	-44.81	-	2.27	-	24.10	-	22.37	-
Price to Book Ratio	1.41	-	0.74	-	1.64	-	1.19	-	1.32	-
Price-to-Total Gains Ratio	-173.95	-	-44.81	-	2.27	-	24.10	-	22.37	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	30.26
Number of shares	33

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.63	0.64
Usd Book Value Change Per Share	0.35	-0.14
Usd Total Gains Per Share	0.98	0.50
Gains per Quarter (33 shares)	32.38	16.39
Gains per Year (33 shares)	129.51	65.55

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	83	47	120	84	-19	56
2	166	93	250	169	-38	122
3	248	140	380	253	-56	188
4	331	187	510	337	-75	254
5	414	234	640	422	-94	320
6	497	280	770	506	-113	386
7	579	327	900	590	-131	452
8	662	374	1030	675	-150	518
9	745	421	1160	759	-169	584
10	828	467	1290	843	-188	650

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	115.0	0.0	0.0	100.0%
Book Value Change Per Share	1.0	3.0	0.0	25.0%	5.0	7.0	0.0	41.7%	10.0	10.0	0.0	50.0%	25.0	15.0	0.0	62.5%	84.0	31.0	0.0	73.0%
Dividend per Share	3.0	0.0	1.0	75.0%	11.0	0.0	1.0	91.7%	18.0	0.0	2.0	90.0%	38.0	0.0	2.0	95.0%	90.0	0.0	25.0	78.3%
Total Gains per Share	1.0	3.0	0.0	25.0%	6.0	6.0	0.0	50.0%	13.0	7.0	0.0	65.0%	30.0	10.0	0.0	75.0%	98.0	17.0	0.0	85.2%

Fundamentals of National Bankshares Inc

About National Bankshares Inc

https://www.nationalbankshares.com/overview/defaul
Banks - Regional
225
101 Hubbard Street, Blacksburg, VA, United States, 24062-9002
Google Maps Bing Maps

National Bankshares, Inc. operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking products and services to individuals, businesses, non-profits, and local governments. The company accepts interest-bearing and non-interest-bearing demand deposit accounts, money market deposit accounts, savings accounts, certificates of deposit, health savings accounts, and individual retirement accounts. Its loan products include commercial and agricultural, commercial real estate, residential real estate, home equity, and various consumer loan products, as well as loans for the construction of commercial and residential properties. The company also provides business and consumer debit and credit cards; letters of credit, night depository services, safe deposit boxes, utility payment services, and automatic funds transfer; wealth management, trust, and estate services; non-deposit investment and insurance products; and telephone, mobile, and Internet banking services. The company was founded in 1891 and is headquartered in Blacksburg, Virginia.

Fundamental data was last updated by Penke on 2024-05-03 01:43:03.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating efficient.

Liquidity Details

	Compared to previous year	Compared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is very able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of National Bankshares Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit National Bankshares Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare National Bankshares Inc to the Banks - Regional industry mean.
A Net Profit Margin of 11.9% means that $0.12 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of National Bankshares Inc:

The MRQ is 11.9%. The company is making a huge profit. +2
The TTM is 24.1%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	11.9%	TTM	24.1%	-12.2%
TTM	24.1%	YOY	42.0%	-17.9%
TTM	24.1%	5Y	35.8%	-11.7%
5Y	35.8%	10Y	35.1%	+0.7%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	11.9%	38.5%	-26.6%
TTM	24.1%	29.6%	-5.5%
YOY	42.0%	26.3%	+15.7%
5Y	35.8%	23.6%	+12.2%
10Y	35.1%	20.4%	+14.7%

Measures how much net profit National Bankshares Inc earns for each $1 of revenue.

Revenue is the amount of profit National Bankshares Inc generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit National Bankshares Inc earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare National Bankshares Inc to the Banks - Regional industry mean.
Can be used to compare companies within the Banks - Regional industry.

You typically want a high profit margin. This means that for each $1 in sales, National Bankshares Inc makes more profit. This shows the investor how efficiently National Bankshares Inc is operating in general and compared to other companies in the same industry. National Bankshares Inc operates in the Banks - Regional industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of National Bankshares Inc. If profit margins remain low (compared to the Banks - Regional industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of National Bankshares Inc is 0.12. This means that National Bankshares Inc earned $0.12 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Banks - Regional industry is 38.5%.
What is the trend?
The trend is important because it shows you how National Bankshares Inc is performing over time. The most recent quarter might be important if National Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for National Bankshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare National Bankshares Inc with other companies in the same industry (Banks - Regional).
Net profit margin should rise over the years.
Can be influenced when National Bankshares Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of National Bankshares Inc is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of National Bankshares Inc

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ National Bankshares Inc = 2,174
Total revenue MRQ National Bankshares Inc = 18,220
$2,174 / $18,220 = 0.12 or 11.9%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient National Bankshares Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare National Bankshares Inc to the Banks - Regional industry mean.
0.1% Return on Assets means that National Bankshares Inc generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of National Bankshares Inc:

The MRQ is 0.1%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.1%	TTM	0.2%	-0.1%
TTM	0.2%	YOY	0.4%	-0.2%
TTM	0.2%	5Y	0.3%	-0.1%
5Y	0.3%	10Y	0.3%	0.0%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.1%	0.3%	-0.2%
TTM	0.2%	0.2%	+0.0%
YOY	0.4%	0.2%	+0.2%
5Y	0.3%	0.2%	+0.1%
10Y	0.3%	0.2%	+0.1%

Shows how efficient National Bankshares Inc is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare National Bankshares Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively National Bankshares Inc is using its resources to generate profit. If the return on assets (0.1%) from National Bankshares Inc are higher than the Banks - Regional mean (0.3%) that means National Bankshares Inc is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of National Bankshares Inc is 0.1%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Banks - Regional industry is 0.3%.
What is the trend?
The trend is important because it shows you how National Bankshares Inc is performing over time. The most recent quarter might be important if National Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for National Bankshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example National Bankshares Inc

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from National Bankshares Inc = 2,174
Total assets MRQ (balance sheet) from National Bankshares Inc = 1,689,206
2,174 / 1,689,206 = 0.00 or 0.1%

ROA is an important ratio as it will tell you how effectively National Bankshares Inc is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient National Bankshares Inc is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare National Bankshares Inc to the Banks - Regional industry mean.
1.6% Return on Equity means National Bankshares Inc generated $0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of National Bankshares Inc:

The MRQ is 1.6%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 2.6%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.6%	TTM	2.6%	-1.0%
TTM	2.6%	YOY	5.2%	-2.6%
TTM	2.6%	5Y	3.0%	-0.4%
5Y	3.0%	10Y	2.6%	+0.4%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	1.6%	3.1%	-1.5%
TTM	2.6%	2.5%	+0.1%
YOY	5.2%	2.7%	+2.5%
5Y	3.0%	2.5%	+0.5%
10Y	2.6%	2.8%	-0.2%

Shows how efficient National Bankshares Inc is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare National Bankshares Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Banks - Regional industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of National Bankshares Inc is 1.6%. This means National Bankshares Inc generated $0.02 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks - Regional industry is 3.1%.
What is the trend?
The trend is important because it shows you how National Bankshares Inc is performing over time. The most recent quarter might be important if National Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for National Bankshares Inc up to 10 years back (depending if National Bankshares Inc existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of National Bankshares Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) National Bankshares Inc = 2,174
Shareholders equity (balance sheet) MRQ National Bankshares Inc = 139,390
2,174 / 139,390 = 0.02 or 1.6%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of National Bankshares Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient National Bankshares Inc is operating .

Measures how much profit National Bankshares Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare National Bankshares Inc to the Banks - Regional industry mean.
An Operating Margin of 14.8% means the company generated $0.15 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of National Bankshares Inc:

The MRQ is 14.8%. The company is operating less efficient.
The TTM is 20.4%. The company is operating efficient. +1

Trends

Current period		Compared to		+/-
MRQ	14.8%	TTM	20.4%	-5.6%
TTM	20.4%	YOY	60.5%	-40.1%
TTM	20.4%	5Y	49.7%	-29.3%
5Y	49.7%	10Y	52.8%	-3.2%

Measures how efficient National Bankshares Inc is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare National Bankshares Inc to the Banks - Regional industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit National Bankshares Inc is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of National Bankshares Inc is 14.8%. This means that National Bankshares Inc earned $0.15 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how National Bankshares Inc is performing over time. The most recent quarter might be important if National Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for National Bankshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of National Bankshares Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ National Bankshares Inc = 3,363
Total revenue MRQ National Bankshares Inc = 18,220
$3,363 / $18,220 = 0.15 or 14.8%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient National Bankshares Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of 0.11 means that the operating costs are $0.11 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of National Bankshares Inc:

The MRQ is 0.106. The company is very efficient in keeping operating costs low. +2
The TTM is -0.242.

Trends

Current period		Compared to		+/-
MRQ	0.106	TTM	-0.242	+0.347
TTM	-0.242	YOY	-0.197	-0.045
TTM	-0.242	5Y	-0.458	+0.216
5Y	-0.458	10Y	-0.468	+0.011

Measures how efficient National Bankshares Inc is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare National Bankshares Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of National Bankshares Inc is 10.6%. This means that National Bankshares Inc earned $0.11 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how National Bankshares Inc is performing over time. The most recent quarter might be important if National Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for National Bankshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example National Bankshares Inc

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(0 +1,923) \ 18,220 = 0.11

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of National Bankshares Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if National Bankshares Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
A Current Ratio of 0.11 means the company has $0.11 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of National Bankshares Inc:

The MRQ is 0.113. The company is unable to pay all its short-term debts. -2
The TTM is 958.914. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	0.113	TTM	958.914	-958.800
TTM	958.914	YOY	10,810.722	-9,851.809
TTM	958.914	5Y	10,224.910	-9,265.996
5Y	10,224.910	10Y	8,274.245	+1,950.664

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	958.914	0.124	+958.790
YOY	10,810.722	0.167	+10,810.555
5Y	10,224.910	0.207	+10,224.703
10Y	8,274.245	0.131	+8,274.114

Measures if National Bankshares Inc is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for National Bankshares Inc if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of National Bankshares Inc is 0.11. This means National Bankshares Inc has $0.11 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how National Bankshares Inc is performing over time. The most recent quarter might be important if National Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for National Bankshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example National Bankshares Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
127,661 \ 1,124,834) = 0.11

The current ratio measures if National Bankshares Inc is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if National Bankshares Inc is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then National Bankshares Inc does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate National Bankshares Inc is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if National Bankshares Inc is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare National Bankshares Inc to the Banks - Regional industry mean.
A Quick Ratio of 0.01 means the company can pay off $0.01 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of National Bankshares Inc:

The MRQ is 0.009. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 1,818.076. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.009	TTM	1,818.076	-1,818.066
TTM	1,818.076	YOY	21,215.667	-19,397.591
TTM	1,818.076	5Y	15,480.475	-13,662.399
5Y	15,480.475	10Y	10,889.234	+4,591.241

Measures if National Bankshares Inc is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare National Bankshares Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast National Bankshares Inc can pay off its short term debts. This shows if National Bankshares Inc can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of National Bankshares Inc is 0.01. This means that National Bankshares Inc can pay off $0.01 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how National Bankshares Inc is performing over time. The most recent quarter might be important if National Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for National Bankshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example National Bankshares Inc

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio National Bankshares Inc: (10,656 + 0 +0) / 1,124,834 = 0.01

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of National Bankshares Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of National Bankshares Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare National Bankshares Inc to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.92 means that National Bankshares Inc assets are financed with 91.7% credit (debt) and the remaining percentage (100% - 91.7%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of National Bankshares Inc:

The MRQ is 0.917. The company is just able to pay all its debts by selling its assets.
The TTM is 0.458. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.917	TTM	0.458	+0.459
TTM	0.458	YOY	0.926	-0.467
TTM	0.458	5Y	0.800	-0.341
5Y	0.800	10Y	0.826	-0.027

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.917	0.915	+0.002
TTM	0.458	0.916	-0.458
YOY	0.926	0.918	+0.008
5Y	0.800	0.919	-0.119
10Y	0.826	0.926	-0.100

Measures how much % of National Bankshares Inc assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake National Bankshares Inc than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare National Bankshares Inc to Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of National Bankshares Inc is 0.92. This means means that National Bankshares Inc is financed with 91.7% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how National Bankshares Inc is performing over time. The most recent quarter might be important if National Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for National Bankshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why National Bankshares Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example National Bankshares Inc

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
1,549,816 \ 1,689,206 = 91.7% or 0.92.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if National Bankshares Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare National Bankshares Inc to the Banks - Regional industry mean.
A Debt to Equity ratio of 1,111.9% means that company has $11.12 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of National Bankshares Inc:

The MRQ is 11.119. The company is unable to pay all its debts with equity. -1
The TTM is 5.484. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	11.119	TTM	5.484	+5.635
TTM	5.484	YOY	12.534	-7.050
TTM	5.484	5Y	7.742	-2.258
5Y	7.742	10Y	6.769	+0.973

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	11.119	10.799	+0.320
TTM	5.484	10.909	-5.425
YOY	12.534	11.266	+1.268
5Y	7.742	11.324	-3.582
10Y	6.769	12.886	-6.117

Measures if National Bankshares Inc is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of National Bankshares Inc is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of National Bankshares Inc is 11.12. This means that National Bankshares Inc can pay off $11.12 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 10.80.
What is the trend?
The trend is important because it shows you how National Bankshares Inc is performing over time. The most recent quarter might be important if National Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for National Bankshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example National Bankshares Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
1,549,816 \ 139,390 = 11.12 or 1,111.9%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of National Bankshares Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings National Bankshares Inc generates.

Above 15 is considered overpriced but always compare National Bankshares Inc to the Banks - Regional industry mean.
A PE ratio of 22.64 means the investor is paying $22.64 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of National Bankshares Inc:

The EOD is 20.509. Based on the earnings, the company is fair priced.
The MRQ is 22.644. Based on the earnings, the company is fair priced.
The TTM is 14.265. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	20.509	MRQ	22.644	-2.135
MRQ	22.644	TTM	14.265	+8.379
TTM	14.265	YOY	8.323	+5.942
TTM	14.265	5Y	12.036	+2.229
5Y	12.036	10Y	14.510	-2.474

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	20.509	3.554	+16.955
MRQ	22.644	3.418	+19.226
TTM	14.265	4.741	+9.524
YOY	8.323	6.901	+1.422
5Y	12.036	9.496	+2.540
10Y	14.510	9.770	+4.740

Measures how much money you pay for each share for every $1 in earnings National Bankshares Inc generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare National Bankshares Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of National Bankshares Inc is 22.64. This means the investor is paying $22.64 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 3.42.
What is the trend?
The trend is important because it shows you how National Bankshares Inc is performing over time. The most recent quarter might be important if National Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for National Bankshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example National Bankshares Inc

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 5,892 = EPS
PE ratio MRQ = 22.64

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of National Bankshares Inc:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	10.502	-10.502
TTM	10.502	YOY	9.509	+0.993
TTM	10.502	5Y	13.089	-2.586
5Y	13.089	10Y	-5.071	+18.160

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	-	-2.360	+2.360
TTM	10.502	-1.072	+11.574
YOY	9.509	6.461	+3.048
5Y	13.089	0.248	+12.841
10Y	-5.071	0.032	-5.103

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of National Bankshares Inc is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
A PB ratio of 1.41 means the investor is paying $1.41 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of National Bankshares Inc:

The EOD is 1.279. Based on the equity, the company is underpriced. +1
The MRQ is 1.413. Based on the equity, the company is underpriced. +1
The TTM is 0.742. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	1.279	MRQ	1.413	-0.133
MRQ	1.413	TTM	0.742	+0.671
TTM	0.742	YOY	1.636	-0.894
TTM	0.742	5Y	1.187	-0.445
5Y	1.187	10Y	1.321	-0.134

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	1.279	0.437	+0.842
MRQ	1.413	0.420	+0.993
TTM	0.742	0.439	+0.303
YOY	1.636	0.594	+1.042
5Y	1.187	0.763	+0.424
10Y	1.321	0.991	+0.330

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of National Bankshares Inc.

3.1. Institutions holding National Bankshares Inc

Institutions are holding 30.734% of the shares of National Bankshares Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	7.567	0.0004	445980	62119	16.1827
2023-12-31	Vanguard Group Inc	5.2964	0.0002	312156	2430	0.7846
2023-12-31	Brandes Investment Partners & Co	2.3931	0.0693	141045	-60215	-29.919
2023-12-31	Geode Capital Management, LLC	2.0636	0.0004	121622	3997	3.3981
2023-12-31	Dimensional Fund Advisors, Inc.	1.5791	0.0009	93071	-1590	-1.6797
2023-12-31	Rhino Investment Partners, Inc.	1.1985	0.4259	70637	70637	0
2023-12-31	State Street Corporation	1.1402	0.0001	67200	702	1.0557
2023-12-31	RBF LLC	0.8484	0.0978	50000	0	0
2023-12-31	Northern Trust Corp	0.8242	0.0003	48575	-437	-0.8916
2023-12-31	Acadian Asset Management LLC	0.4948	0.0037	29162	0	0
2023-12-31	Bank of New York Mellon Corp	0.4363	0.0002	25717	39	0.1519
2023-12-31	LPL Financial Corp	0.431	0.0005	25403	-3350	-11.651
2023-12-31	HPM Partners LLC	0.4209	0.0026	24809	0	0
2023-12-31	Renaissance Technologies Corp	0.3897	0.0012	22970	-1900	-7.6397
2023-12-31	Taylor Hoffman Wealth Management	0.308	0.265	18150	0	0
2023-12-31	Royce & Associates, LP	0.3009	0.0053	17732	-4265	-19.389
2023-12-31	Charles Schwab Investment Management Inc	0.2667	0.0001	15718	0	0
2023-12-31	Marotta Asset Management Inc	0.258	0.1057	15207	0	0
2023-12-31	Bank of America Corp	0.2453	0.0001	14460	-3481	-19.4025
2023-12-31	Moors & Cabot Inc	0.1996	0.0237	11763	0	0
Total		26.6617	1.0034	1571377	+64686	+4.1%

3.2. Funds holding National Bankshares Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.2641	0.0004	192376	0	0
2024-03-28	iShares Russell 2000 ETF	2.6171	0.0079	154249	75	0.0486
2024-03-31	Vanguard Institutional Extnd Mkt Idx Tr	1.4189	0.0027	83624	0	0
2024-01-31	Fidelity Small Cap Index	0.9825	0.0075	57905	3626	6.6803
2024-03-28	iShares Russell 2000 Value ETF	0.9614	0.0151	56665	-36	-0.0635
2024-02-29	Fidelity Extended Market Index	0.557	0.0027	32828	-159	-0.482
2024-03-31	Vanguard Russell 2000 ETF	0.3633	0.007	21410	245	1.1576
2024-02-29	DFA US Small Cap I	0.3523	0.0042	20766	0	0
2024-03-31	State St Russell Sm Cap® Indx SL Cl I	0.3088	0.0062	18200	0	0
2024-02-29	DFA US Targeted Value I	0.2984	0.0043	17588	0	0
2023-09-30	BlackRock Extended Mkt Composite	0.2819	0.003	16616	101	0.6116
2023-12-31	NT R2000 Value Index Fund - NL	0.2715	0.0137	15999	-1266	-7.3328
2023-12-31	NT R2000 Index Fund - NL	0.2695	0.0071	15886	-1235	-7.2134
2024-03-31	BlackRock Extended Equity Market K	0.2435	0.0033	14352	5	0.0349
2024-03-31	Schwab Small Cap Index	0.2242	0.0073	13212	0	0
2024-03-28	iShares Micro-Cap ETF	0.2131	0.0456	12560	0	0
2023-12-31	NT R2000 Index Fund - DC - NL - 2	0.2123	0.0071	12510	-1024	-7.5661
2023-12-31	Northern Trust Russell 2000 Value Index	0.2009	0.0148	11840	813	7.3728
2023-12-31	NT R2000 Value Index Fund - L	0.2009	0.0147	11840	813	7.3728
2024-03-31	Russell 2000 Index Non-Lendable Fund E	0.196	0.0075	11550	-714	-5.8219
Total		13.4376	0.1821	791976	+1244	+0.2%

3.3. Insider Transactions

Insiders are holding 3.343% of the shares of National Bankshares Inc.

Date	Owner	Type	Amount	Price
2023-11-07	Lawrence J Ball	BUY	1000	24.5
2023-05-22	F Brad Denardo	BUY	546	27.39
2023-05-18	Lawrence J Ball	BUY	1000	28.69
2023-05-09	Lawrence J Ball	BUY	1000	27.96
2023-05-04	Norman V Fitzwater Iii	BUY	250	28.5
2023-05-02	Bobby D Sanders Ii	BUY	150	27.5

4. Summary

4.1. Key Performance Indicators

The key performance indicators of National Bankshares Inc compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-0.192	0.354	-154%	-1.109	+478%	-0.142	-26%	0.040	-574%
Book Value Per Share	-	-	23.650	148.315	-84%	21.095	+12%	51.753	-54%	38.697	-39%
Current Ratio	-	-	0.113	958.914	-100%	10810.722	-100%	10224.910	-100%	8274.245	-100%
Debt To Asset Ratio	-	-	0.917	0.458	+100%	0.926	-1%	0.800	+15%	0.826	+11%
Debt To Equity Ratio	-	-	11.119	5.484	+103%	12.534	-11%	7.742	+44%	6.769	+64%
Dividend Per Share	-	-	-	0.627	-100%	0.625	-100%	0.639	-100%	0.598	-100%
Eps	-	-	0.369	0.566	-35%	1.074	-66%	0.757	-51%	0.659	-44%
Gross Profit Margin	-	-	-1.302	0.424	-407%	1.000	-230%	0.885	-247%	0.942	-238%
Market Cap	178345782.800	-10%	196911189.800	176798665.550	+11%	203694986.865	-3%	209875892.000	-6%	235129781.819	-16%
Net Profit Margin	-	-	0.119	0.241	-51%	0.420	-72%	0.358	-67%	0.351	-66%
Operating Margin	-	-	0.148	0.204	-28%	0.605	-76%	0.497	-70%	0.528	-72%
Operating Ratio	-	-	0.106	-0.242	+329%	-0.197	+286%	-0.458	+534%	-0.468	+544%
Pb Ratio	1.279	-10%	1.413	0.742	+90%	1.636	-14%	1.187	+19%	1.321	+7%
Pe Ratio	20.509	-10%	22.644	14.265	+59%	8.323	+172%	12.036	+88%	14.510	+56%
Price Per Share	30.260	-10%	33.410	29.998	+11%	34.230	-2%	33.892	-1%	35.676	-6%
Price To Free Cash Flow Ratio	-	-	-	10.502	-100%	9.509	-100%	13.089	-100%	-5.071	0%
Price To Total Gains Ratio	-157.549	+9%	-173.950	-44.808	-74%	2.270	-7763%	24.105	-822%	22.370	-878%
Quick Ratio	-	-	0.009	1818.076	-100%	21215.667	-100%	15480.475	-100%	10889.234	-100%
Return On Assets	-	-	0.001	0.002	-37%	0.004	-66%	0.003	-57%	0.003	-59%
Return On Equity	-	-	0.016	0.026	-39%	0.052	-70%	0.030	-48%	0.026	-40%
Total Gains Per Share	-	-	-0.192	0.981	-120%	-0.484	+152%	0.497	-139%	0.638	-130%
Usd Book Value	-	-	139390000.000	874136000.000	-84%	125539250.000	+11%	313580050.000	-56%	245918300.000	-43%
Usd Book Value Change Per Share	-	-	-0.192	0.354	-154%	-1.109	+478%	-0.142	-26%	0.040	-574%
Usd Book Value Per Share	-	-	23.650	148.315	-84%	21.095	+12%	51.753	-54%	38.697	-39%
Usd Dividend Per Share	-	-	-	0.627	-100%	0.625	-100%	0.639	-100%	0.598	-100%
Usd Eps	-	-	0.369	0.566	-35%	1.074	-66%	0.757	-51%	0.659	-44%
Usd Free Cash Flow	-	-	-	2557750.000	-100%	6465750.000	-100%	4508500.000	-100%	4358650.000	-100%
Usd Market Cap	178345782.800	-10%	196911189.800	176798665.550	+11%	203694986.865	-3%	209875892.000	-6%	235129781.819	-16%
Usd Price Per Share	30.260	-10%	33.410	29.998	+11%	34.230	-2%	33.892	-1%	35.676	-6%
Usd Profit	-	-	2174000.000	3333500.000	-35%	6394250.000	-66%	4663950.000	-53%	4281250.000	-49%
Usd Revenue	-	-	18220000.000	14687000.000	+24%	14971500.000	+22%	13123650.000	+39%	12215625.000	+49%
Usd Total Gains Per Share	-	-	-0.192	0.981	-120%	-0.484	+152%	0.497	-139%	0.638	-130%
	EOD	+4 -3	MRQ	TTM	+5 -27	YOY	+13 -19	5Y	+3 -29	10Y	+2 -29

4.2. Fundamental Score

Let's check the fundamental score of National Bankshares Inc based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	20.509
Price to Book Ratio (EOD)	Between	0-1	1.279
Net Profit Margin (MRQ)	Greater than	0	0.119
Operating Margin (MRQ)	Greater than	0	0.148
Quick Ratio (MRQ)	Greater than	1	0.009
Current Ratio (MRQ)	Greater than	1	0.113
Debt to Asset Ratio (MRQ)	Less than	1	0.917
Debt to Equity Ratio (MRQ)	Less than	1	11.119
Return on Equity (MRQ)	Greater than	0.15	0.016
Return on Assets (MRQ)	Greater than	0.05	0.001
Total			3/10 (30.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

4.3. Technical Score

Let's check the technical score of National Bankshares Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	55.524
Ma 20	Greater than	Ma 50	28.376
Ma 50	Greater than	Ma 100	31.006
Ma 100	Greater than	Ma 200	31.515
Open	Greater than	Close	29.980
Total			2/5 (40.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

		2023-03-31		2023-06-30		2023-09-30		2023-12-31		2024-03-31
Depreciation and Amortization		163	12	175	31	206	4	210	-3,573	-3,363

Latest Balance Sheet

Balance Sheet of 2024-03-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	1,689,206
Total Liabilities	1,549,816
Total Stockholder Equity	139,390

	As reported
Total Liabilities	1,549,816
Total Stockholder Equity	+ 139,390
Total Assets	= 1,689,206

Assets

Total Assets	1,689,206
Total Current Assets	127,661
Long-term Assets	1,561,545

Total Current Assets

Total Current Assets (as reported)	127,661
Cash And Cash Equivalents	10,656
Other Current Assets	127,661
Total Current Assets (calculated)	138,317
+/-	10,656

Long-term Assets

Long-term Assets (as reported)	1,561,545
Property Plant Equipment	11,214
Goodwill	5,848
Long-term Assets Other	1,432,708
Long-term Assets (calculated)	1,449,770
+/-	111,775

Liabilities & Shareholders' Equity

Total Current Liabilities	1,124,834
Long-term Liabilities	424,982
Total Stockholder Equity	139,390

Total Current Liabilities

Total Current Liabilities (as reported)	1,124,834
Other Current Liabilities	1,124,834
Total Current Liabilities (calculated)	1,124,834
+/-	0

Long-term Liabilities

Long-term Liabilities (as reported)	424,982
Long-term Liabilities (calculated)	0
+/-	424,982

Total Stockholder Equity

Total Stockholder Equity (as reported)	139,390
Common Stock	7,436
Retained Earnings	200,158
Accumulated Other Comprehensive Income	-68,204
Total Stockholder Equity (calculated)	139,390
+/-	0

Other

Cash and Short Term Investments	10,656
Common Stock Shares Outstanding	5,892
Liabilities and Stockholders Equity	1,689,206
Net Debt	-10,656
Net Working Capital	-997,173

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

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

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

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

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

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

> Total Assets

206,700
381,000
210,600
387,700
389,400
388,800
392,900
393,900
400,200
402,900
405,100
425,500
430,600
445,200
452,300
445,400
462,700
472,100
486,344
491,541
498,897
593,497
650,314
648,521
644,210
644,623
641,297
649,823
667,646
684,935
699,742
707,381
699,565
708,560
708,142
788,429
782,613
796,154
816,988
819,574
828,907
841,498
847,956
843,407
844,997
868,203
881,915
877,098
859,915
887,647
911,721
894,912
902,283
935,374
979,787
984,762
965,888
982,367
992,944
994,875
982,447
1,022,238
1,026,663
1,034,857
1,042,122
1,067,102
1,083,842
1,088,268
1,080,972
1,104,361
1,098,503
1,091,086
1,077,403
1,110,630
1,123,110
1,128,479
1,116,259
1,154,731
1,164,845
1,148,271
1,144,125
1,199,739
1,207,871
1,210,299
1,203,181
1,233,942
1,243,126
1,259,354
1,232,483
1,256,757
1,270,528
1,267,477
1,258,289
1,256,032
1,258,003
1,269,517
1,272,721
1,321,837
1,318,976
1,433,750
1,435,498
1,519,671
1,568,210
1,661,652
1,644,031
1,702,175
1,721,504
1,729,588
1,698,946
1,677,551
1,654,277
1,625,541
1,591,902
1,659,581
1,689,206

1,689,206

1,659,581

1,591,902

1,625,541

1,654,277

1,677,551

1,698,946

1,729,588

1,721,504

1,702,175

1,644,031

1,661,652

1,568,210

1,519,671

1,435,498

1,433,750

1,318,976

1,321,837

1,272,721

1,269,517

1,258,003

1,256,032

1,258,289

1,267,477

1,270,528

1,256,757

1,232,483

1,259,354

1,243,126

1,233,942

1,203,181

1,210,299

1,207,871

1,199,739

1,144,125

1,148,271

1,164,845

1,154,731

1,116,259

1,128,479

1,123,110

1,110,630

1,077,403

1,091,086

1,098,503

1,104,361

1,080,972

1,088,268

1,083,842

1,067,102

1,042,122

1,034,857

1,026,663

1,022,238

982,447

994,875

992,944

982,367

965,888

984,762

979,787

935,374

902,283

894,912

911,721

887,647

859,915

877,098

881,915

868,203

844,997

843,407

847,956

841,498

828,907

819,574

816,988

796,154

782,613

788,429

708,142

708,560

699,565

707,381

699,742

684,935

667,646

649,823

641,297

644,623

644,210

648,521

650,314

593,497

498,897

491,541

486,344

472,100

462,700

445,400

452,300

445,200

430,600

425,500

405,100

402,900

400,200

393,900

392,900

388,800

389,400

387,700

210,600

381,000

206,700

> Total Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
31,800
16,100
23,200
26,500
23,181
27,563
31,620
29,758
44,421
625,759
621,833
622,625
619,644
628,528
646,713
444,791
451,765
456,436
446,708
458,354
441,461
500,974
497,469
516,418
523,983
529,756
534,958
539,036
542,542
546,409
549,222
554,036
565,673
566,396
551,812
587,450
607,834
579,657
598,116
645,452
654,785
654,437
640,014
661,696
682,770
677,486
677,565
684,318
681,407
686,551
702,790
727,336
725,377
731,513
701,026
732,540
720,673
699,164
701,833
744,729
749,854
752,873
731,845
754,082
754,262
758,480
762,698
796,336
778,158
753,869
759,094
779,884
790,543
805,727
779,041
784,087
796,406
785,342
795,216
816,528
836,490
856,179
921,379
871,807
864,051
928,021
932,275
957,048
981,048
1,028,152
986,874
829,973
825,062
699,555
753,655
734,282
711,715
689,952
651,174
100,566
127,661

127,661

100,566

651,174

689,952

711,715

734,282

753,655

699,555

825,062

829,973

986,874

1,028,152

981,048

957,048

932,275

928,021

864,051

871,807

921,379

856,179

836,490

816,528

795,216

785,342

796,406

784,087

779,041

805,727

790,543

779,884

759,094

753,869

778,158

796,336

762,698

758,480

754,262

754,082

731,845

752,873

749,854

744,729

701,833

699,164

720,673

732,540

701,026

731,513

725,377

727,336

702,790

686,551

681,407

684,318

677,565

677,486

682,770

661,696

640,014

654,437

654,785

645,452

598,116

579,657

607,834

587,450

551,812

566,396

565,673

554,036

549,222

546,409

542,542

539,036

534,958

529,756

523,983

516,418

497,469

500,974

441,461

458,354

446,708

456,436

451,765

444,791

646,713

628,528

619,644

622,625

621,833

625,759

44,421

29,758

31,620

27,563

23,181

26,500

23,200

16,100

31,800

Cash And Cash Equivalents

0
0
0
0
0
0
0
0
0
0
0
0
0
0
27,900
12,200
19,200
22,500
19,126
23,190
27,304
24,709
39,278
22,368
25,402
27,803
20,484
15,604
32,111
31,134
36,039
32,829
31,375
47,953
26,210
26,693
21,732
34,956
25,646
27,579
32,950
30,394
35,523
33,003
34,376
34,900
43,127
37,507
18,476
46,011
62,618
23,049
28,768
45,972
55,532
52,731
34,826
45,624
67,450
65,920
67,907
79,258
67,474
67,881
82,432
110,252
113,542
118,242
79,839
111,380
117,850
77,205
76,582
110,659
123,564
122,029
100,436
115,442
100,128
95,171
102,741
142,963
139,276
90,212
91,472
94,242
99,206
102,032
70,326
64,159
87,169
42,511
39,861
56,373
68,713
77,208
149,696
87,171
84,302
86,566
79,372
133,872
147,819
164,521
130,591
138,789
120,275
107,610
90,423
71,429
54,661
70,056
53,442
86,603
10,656

10,656

86,603

53,442

70,056

54,661

71,429

90,423

107,610

120,275

138,789

130,591

164,521

147,819

133,872

79,372

86,566

84,302

87,171

149,696

77,208

68,713

56,373

39,861

42,511

87,169

64,159

70,326

102,032

99,206

94,242

91,472

90,212

139,276

142,963

102,741

95,171

100,128

115,442

100,436

122,029

123,564

110,659

76,582

77,205

117,850

111,380

79,839

118,242

113,542

110,252

82,432

67,881

67,474

79,258

67,907

65,920

67,450

45,624

34,826

52,731

55,532

45,972

28,768

23,049

62,618

46,011

18,476

37,507

43,127

34,900

34,376

33,003

35,523

30,394

32,950

27,579

25,646

34,956

21,732

26,693

26,210

47,953

31,375

32,829

36,039

31,134

32,111

15,604

20,484

27,803

25,402

22,368

39,278

24,709

27,304

23,190

19,126

22,500

19,200

12,200

27,900

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
42,669
0
0
0
16,590
0
0
0
20,542
0
0
0
36,220
0
0
0
22,463
0
0
0
10,279
0
0
0
19,617
0
161,293
160,355
29,687
161,302
159,845
151,592
29,656
166,007
169,768
169,457
32,730
161,543
161,691
154,980
69,400
190,844
190,674
180,126
174,918
198,346
189,768
198,079
191,504
192,954
207,362
193,639
183,668
190,401
195,407
205,020
222,844
238,496
218,524
211,232
236,131
270,094
303,242
291,277
304,282
304,376
308,435
309,323
331,387
337,211
467,505
448,485
425,010
404,645
396,347
334,150
435,263
439,019
489,926
487,351
546,742
571,359
617,756
641,486
686,080
699,354
682,251
657,410
656,852
651,047
614,178
591,552
618,601
0

618,601

591,552

614,178

651,047

656,852

657,410

682,251

699,354

686,080

641,486

617,756

571,359

546,742

487,351

489,926

439,019

435,263

334,150

396,347

404,645

425,010

448,485

467,505

337,211

331,387

309,323

308,435

304,376

304,282

291,277

303,242

270,094

236,131

211,232

218,524

238,496

222,844

205,020

195,407

190,401

183,668

193,639

207,362

192,954

191,504

198,079

189,768

198,346

174,918

180,126

190,674

190,844

69,400

154,980

161,691

161,543

32,730

169,457

169,768

166,007

29,656

151,592

159,845

161,302

29,687

160,355

161,293

19,617

10,279

22,463

36,220

20,542

16,590

42,669

Net Receivables

0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,900
3,900
4,000
4,000
4,055
4,373
4,316
5,049
5,143
5,457
5,379
4,917
4,992
5,206
5,003
4,290
5,179
5,060
5,049
4,610
5,006
5,087
5,153
4,870
5,351
5,252
5,145
5,145
5,498
5,301
5,517
5,682
5,906
6,005
6,125
5,711
5,703
5,970
6,001
5,760
6,209
6,518
6,322
6,250
6,186
6,023
6,000
6,016
6,514
6,255
6,359
6,304
6,175
6,273
6,291
6,247
5,878
6,291
6,044
5,949
5,893
5,798
5,708
5,748
5,506
5,857
5,659
5,769
5,587
5,259
5,138
5,260
5,267
5,139
5,123
5,297
5,360
5,400
5,589
5,160
5,401
5,192
4,233
4,285
4,280
4,797
5,238
5,028
5,367
5,275
5,161
5,104
5,433
5,506
5,822
6,001
6,007
5,718
6,180
6,313
0

6,313

6,180

5,718

6,007

6,001

5,822

5,506

5,433

5,104

5,161

5,275

5,367

5,028

5,238

4,797

4,280

4,285

4,233

5,192

5,401

5,160

5,589

5,400

5,360

5,297

5,123

5,139

5,267

5,260

5,138

5,259

5,587

5,769

5,659

5,857

5,506

5,748

5,708

5,798

5,893

5,949

6,044

6,291

5,878

6,247

6,291

6,273

6,175

6,304

6,359

6,255

6,514

6,016

6,000

6,023

6,186

6,250

6,322

6,518

6,209

5,760

6,001

5,970

5,703

5,711

6,125

6,005

5,906

5,682

5,517

5,301

5,498

5,145

5,252

5,351

4,870

5,153

5,087

5,006

4,610

5,049

5,060

5,179

4,290

5,003

5,206

4,992

4,917

5,379

5,457

5,143

5,049

4,316

4,373

4,055

4,000

3,900

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
597,934
591,052
589,905
594,168
607,718
609,599
409,367
410,547
418,547
410,284
405,791
410,245
469,194
470,584
476,592
492,986
496,925
496,863
503,497
501,521
508,105
509,329
513,454
516,640
522,884
527,211
535,728
539,513
550,638
563,347
593,720
593,044
595,188
598,866
609,822
609,134
605,543
603,658
599,044
607,419
612,415
613,999
610,780
605,660
606,998
614,896
419,502
405,405
409,720
426,982
439,388
429,996
429,639
420,681
408,411
410,132
438,928
442,165
410,313
362,039
353,008
368,394
372,198
374,074
382,830
382,623
383,244
354,130
269,926
301,281
329,985
357,731
377,432
433,300
345,088
336,450
346,732
360,314
271,406
256,503
240,600
209,636
152,453
126,665
-95,812
97,152
85,665
61,330
76,436
60,284
100,566
127,661

127,661

100,566

60,284

76,436

61,330

85,665

97,152

-95,812

126,665

152,453

209,636

240,600

256,503

271,406

360,314

346,732

336,450

345,088

433,300

377,432

357,731

329,985

301,281

269,926

354,130

383,244

382,623

382,830

374,074

372,198

368,394

353,008

362,039

410,313

442,165

438,928

410,132

408,411

420,681

429,639

429,996

439,388

426,982

409,720

405,405

419,502

614,896

606,998

605,660

610,780

613,999

612,415

607,419

599,044

603,658

605,543

609,134

609,822

598,866

595,188

593,044

593,720

563,347

550,638

539,513

535,728

527,211

522,884

516,640

513,454

509,329

508,105

501,521

503,497

496,863

496,925

492,986

476,592

470,584

469,194

410,245

405,791

410,284

418,547

410,547

409,367

609,599

607,718

594,168

589,905

591,052

597,934

> Long-term Assets

0
100
0
0
0
-100
0
-100
0
0
100
0
0
0
164,800
154,100
150,900
146,000
149,392
150,573
149,716
166,668
199,915
22,762
22,377
21,998
21,653
21,295
20,933
240,144
247,977
250,945
252,857
250,206
266,681
287,455
285,144
279,736
293,005
289,818
293,949
302,462
305,414
296,998
295,775
314,167
316,242
310,702
308,103
300,197
303,887
315,255
304,167
289,922
325,002
330,325
325,874
320,671
310,174
317,389
304,882
337,920
345,151
348,306
339,332
339,766
358,465
356,755
379,946
371,821
377,830
391,922
375,570
365,901
373,256
375,606
384,414
400,649
410,583
389,791
381,427
403,403
429,713
456,430
444,087
454,058
452,583
453,627
453,442
472,670
474,122
482,135
463,073
439,504
421,513
413,338
351,342
450,030
454,925
505,729
503,223
562,625
587,162
633,500
657,157
701,650
714,966
697,872
673,441
673,071
667,326
631,070
608,491
1,559,015
1,561,545

1,561,545

1,559,015

608,491

631,070

667,326

673,071

673,441

697,872

714,966

701,650

657,157

633,500

587,162

562,625

503,223

505,729

454,925

450,030

351,342

413,338

421,513

439,504

463,073

482,135

474,122

472,670

453,442

453,627

452,583

454,058

444,087

456,430

429,713

403,403

381,427

389,791

410,583

400,649

384,414

375,606

373,256

365,901

375,570

391,922

377,830

371,821

379,946

356,755

358,465

339,766

339,332

348,306

345,151

337,920

304,882

317,389

310,174

320,671

325,874

330,325

325,002

289,922

304,167

315,255

303,887

300,197

308,103

310,702

316,242

314,167

295,775

296,998

305,414

302,462

293,949

289,818

293,005

279,736

285,144

287,455

266,681

250,206

252,857

250,945

247,977

240,144

20,933

21,295

21,653

21,998

22,377

22,762

199,915

166,668

149,716

150,573

149,392

146,000

150,900

154,100

164,800

100

-100

100

Property Plant Equipment

2,700
4,700
2,700
4,700
4,800
5,000
5,100
5,100
5,100
5,700
5,600
5,900
6,100
6,700
7,000
7,600
8,400
8,500
8,521
8,394
8,388
10,324
10,626
10,419
10,273
10,132
10,025
9,907
9,783
9,938
9,558
9,950
10,133
10,094
10,166
11,682
11,738
12,104
12,837
12,752
12,609
12,808
12,757
12,777
12,775
12,702
12,545
12,340
12,206
12,016
11,841
11,664
11,470
11,204
11,070
10,874
10,734
10,628
10,729
10,721
10,608
10,470
10,366
10,232
10,328
10,393
10,563
10,618
10,491
10,401
10,237
10,222
10,025
9,951
9,428
9,482
9,445
9,131
8,998
8,878
9,135
9,020
8,841
8,718
8,757
8,853
8,675
8,557
8,458
8,221
8,120
8,757
8,727
8,646
11,020
11,143
11,344
11,196
10,058
9,955
10,024
10,035
9,955
9,896
9,823
9,722
9,764
9,773
10,183
10,371
10,431
11,044
11,091
12,205
11,214

11,214

12,205

11,091

11,044

10,431

10,371

10,183

9,773

9,764

9,722

9,823

9,896

9,955

10,035

10,024

9,955

10,058

11,196

11,344

11,143

11,020

8,646

8,727

8,757

8,120

8,221

8,458

8,557

8,675

8,853

8,757

8,718

8,841

9,020

9,135

8,878

8,998

9,131

9,445

9,482

9,428

9,951

10,025

10,222

10,237

10,401

10,491

10,618

10,563

10,393

10,328

10,232

10,366

10,470

10,608

10,721

10,729

10,628

10,734

10,874

11,070

11,204

11,470

11,664

11,841

12,016

12,206

12,340

12,545

12,702

12,775

12,777

12,757

12,808

12,609

12,752

12,837

12,104

11,738

11,682

10,166

10,094

10,133

9,950

9,558

9,938

9,783

9,907

10,025

10,132

10,273

10,419

10,626

10,324

8,388

8,394

8,521

8,500

8,400

7,600

7,000

6,700

6,100

5,900

5,600

5,700

5,100

5,000

4,800

4,700

2,700

4,700

2,700

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
345
0
12,343
12,104
11,866
11,628
11,388
11,150
10,912
10,674
10,435
10,197
9,958
9,720
17,759
17,565
16,924
17,964
17,681
17,397
17,113
16,829
16,544
16,260
15,976
15,692
15,407
15,123
14,838
14,554
14,276
13,997
13,719
13,441
13,168
12,897
12,626
12,355
12,084
11,814
11,543
11,272
11,001
10,730
5,848
10,189
9,918
9,648
5,848
5,848
8,837
8,568
5,848
5,848
7,761
7,492
5,848
5,848
6,685
6,416
5,848
5,848
6,046
6,006
5,848
5,848
5,923
5,911
5,848
5,848
5,873
5,861
5,848
5,848
5,848
5,848
5,848
5,848
5,848
5,848
5,848
5,848
5,848
5,848
5,848
5,848
5,848
5,848
5,848
5,848
5,848
5,848
5,848
5,848

5,848

5,861

5,873

5,848

5,911

5,923

5,848

6,006

6,046

5,848

6,416

6,685

5,848

7,492

7,761

5,848

8,568

8,837

5,848

9,648

9,918

10,189

5,848

10,730

11,001

11,272

11,543

11,814

12,084

12,355

12,626

12,897

13,168

13,441

13,719

13,997

14,276

14,554

14,838

15,123

15,407

15,692

15,976

16,260

16,544

16,829

17,113

17,397

17,681

17,964

16,924

17,565

17,759

9,720

9,958

10,197

10,435

10,674

10,912

11,150

11,388

11,628

11,866

12,104

12,343

345

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
721,725
726,953
727,020
717,239
725,901
747,950
1,051,456
733,927
748,974
747,943
752,722
746,149
748,768
750,952
758,946
771,140
775,367
773,613
763,373
744,263
761,808
766,421
774,887
778,256
777,565
782,144
787,568
774,177
684,402
695,148
1,056,027
711,613
723,064
717,358
727,493
724,030
785,061
795,916
546,742
571,359
617,756
641,486
686,080
699,354
682,251
657,410
656,852
651,047
614,178
591,552
618,601
0

618,601

591,552

614,178

651,047

656,852

657,410

682,251

699,354

686,080

641,486

617,756

571,359

546,742

795,916

785,061

724,030

727,493

717,358

723,064

711,613

1,056,027

695,148

684,402

774,177

787,568

782,144

777,565

778,256

774,887

766,421

761,808

744,263

763,373

773,613

775,367

771,140

758,946

750,952

748,768

746,149

752,722

747,943

748,974

733,927

1,051,456

747,950

725,901

717,239

727,020

726,953

721,725

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,038
0
12,343
12,104
11,866
11,628
11,388
11,150
10,912
10,674
10,435
10,197
9,958
9,720
17,759
17,565
16,924
17,964
17,681
17,397
17,113
16,829
16,544
16,260
15,976
15,692
15,407
15,123
14,838
14,554
14,276
13,997
13,719
13,441
13,168
12,897
12,626
12,355
12,084
11,814
11,543
11,272
11,001
10,730
4,612
10,189
9,918
9,648
3,529
9,106
8,837
8,568
2,451
8,029
7,761
7,492
1,374
6,954
6,685
6,416
376
6,114
6,046
6,006
118
5,936
5,923
5,911
50
5,886
5,873
5,861
5,848
5,848
5,848
5,848
5,848
5,848
0
0
0
0
0
0
0
0
0
5,848
5,848
5,848
5,848
5,848
5,848
0

5,848

5,861

5,873

5,886

5,911

5,923

5,936

118

6,006

6,046

6,114

376

6,416

6,685

6,954

1,374

7,492

7,761

8,029

2,451

8,568

8,837

9,106

3,529

9,648

9,918

10,189

4,612

10,730

11,001

11,272

11,543

11,814

12,084

12,355

12,626

12,897

13,168

13,441

13,719

13,997

14,276

14,554

14,838

15,123

15,407

15,692

15,976

16,260

16,544

16,829

17,113

17,397

17,681

17,964

16,924

17,565

17,759

9,720

9,958

10,197

10,435

10,674

10,912

11,150

11,388

11,628

11,866

12,104

12,343

9,038

Earning Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
458,628
457,194
471,973
513,049
512,704
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

512,704

513,049

471,973

457,194

458,628

Long-term Assets Other

-2,700
-4,700
-2,700
-4,700
-4,800
-5,000
-5,100
-5,100
-5,100
-5,700
-5,600
-5,900
-6,100
-6,700
-164,800
-154,100
-150,900
-146,000
-149,392
-150,573
-149,716
-166,668
-199,915
12,343
12,104
11,866
11,628
11,388
11,150
10,912
10,674
10,435
10,197
9,958
9,720
17,759
17,565
16,924
17,964
17,681
17,397
17,113
16,829
16,544
16,260
15,976
15,692
15,407
15,123
14,838
14,554
14,276
13,997
13,719
13,441
13,168
-312,977
12,626
12,355
12,084
11,814
11,543
11,272
11,001
10,730
10,460
10,189
9,918
9,648
520,006
9,106
8,837
8,568
541,829
8,029
7,761
7,492
-1
6,954
6,685
6,416
542,284
6,114
6,046
6,006
456,368
5,936
5,923
5,911
434,477
5,886
5,873
5,861
373,476
411,112
437,470
568,790
-2,277
408,348
419,983
-497,375
-556,777
-581,314
-633,500
60,134
5,848
5,848
74,042
-673,441
-25,643
-18,526
-19,112
-23,211
1,445,127
1,432,708

1,432,708

1,445,127

-23,211

-19,112

-18,526

-25,643

-673,441

74,042

5,848

60,134

-633,500

-581,314

-556,777

-497,375

419,983

408,348

-2,277

568,790

437,470

411,112

373,476

5,861

5,873

5,886

434,477

5,911

5,923

5,936

456,368

6,006

6,046

6,114

542,284

6,416

6,685

6,954

-1

7,492

7,761

8,029

541,829

8,568

8,837

9,106

520,006

9,648

9,918

10,189

10,460

10,730

11,001

11,272

11,543

11,814

12,084

12,355

12,626

-312,977

13,168

13,441

13,719

13,997

14,276

14,554

14,838

15,123

15,407

15,692

15,976

16,260

16,544

16,829

17,113

17,397

17,681

17,964

16,924

17,565

17,759

9,720

9,958

10,197

10,435

10,674

10,912

11,150

11,388

11,628

11,866

12,104

12,343

-199,915

-166,668

-149,716

-150,573

-149,392

-146,000

-150,900

-154,100

-164,800

-6,700

-6,100

-5,900

-5,600

-5,700

-5,100

-5,000

-4,800

-4,700

-2,700

-4,700

-2,700

> Total Liabilities

184,400
332,800
187,400
339,100
338,900
339,000
342,000
342,400
346,700
348,900
349,700
369,800
372,200
386,700
393,000
395,500
411,600
419,400
431,693
436,587
441,328
533,663
587,439
585,551
578,560
579,362
573,894
580,345
594,634
611,834
624,016
628,910
620,297
627,919
623,388
706,999
695,343
709,066
728,195
729,753
736,237
749,559
753,696
750,234
747,194
771,448
782,092
778,424
757,146
782,847
802,764
787,558
792,810
825,266
866,231
869,783
844,417
860,291
866,440
867,050
849,833
893,051
892,998
898,549
900,302
925,803
939,050
941,581
930,574
954,252
945,143
945,548
931,109
964,738
969,693
971,683
953,437
988,428
992,123
980,701
969,733
1,027,625
1,028,635
1,030,371
1,019,037
1,055,679
1,060,139
1,075,068
1,044,822
1,071,861
1,084,991
1,081,626
1,070,132
1,065,794
1,076,775
1,085,669
1,084,733
1,138,111
1,127,417
1,237,969
1,233,304
1,319,064
1,379,141
1,467,417
1,453,178
1,510,424
1,560,215
1,593,348
1,586,759
1,554,864
1,523,234
260
551
1,519,059
1,549,816

1,549,816

1,519,059

551

260

1,523,234

1,554,864

1,586,759

1,593,348

1,560,215

1,510,424

1,453,178

1,467,417

1,379,141

1,319,064

1,233,304

1,237,969

1,127,417

1,138,111

1,084,733

1,085,669

1,076,775

1,065,794

1,070,132

1,081,626

1,084,991

1,071,861

1,044,822

1,075,068

1,060,139

1,055,679

1,019,037

1,030,371

1,028,635

1,027,625

969,733

980,701

992,123

988,428

953,437

971,683

969,693

964,738

931,109

945,548

945,143

954,252

930,574

941,581

939,050

925,803

900,302

898,549

892,998

893,051

849,833

867,050

866,440

860,291

844,417

869,783

866,231

825,266

792,810

787,558

802,764

782,847

757,146

778,424

782,092

771,448

747,194

750,234

753,696

749,559

736,237

729,753

728,195

709,066

695,343

706,999

623,388

627,919

620,297

628,910

624,016

611,834

594,634

580,345

573,894

579,362

578,560

585,551

587,439

533,663

441,328

436,587

431,693

419,400

411,600

395,500

393,000

386,700

372,200

369,800

349,700

348,900

346,700

342,400

342,000

339,000

338,900

339,100

187,400

332,800

184,400

> Total Current Liabilities

200
900
300
1,800
2,200
1,300
1,200
2,100
1,200
1,200
1,000
1,300
900
800
700
600
700
11,200
421,700
426,600
10,959
1,538
1,408
1,560
1,330
1,101
910
773
706
700
627
574
516
489
471
484
483
483
557
588
630
725
724
688
806
863
842
-1,114
-1,104
-1,119
-1,113
-1,105
-1,113
-1,123
-1,069
-1,090
-1,119
-1,062
-1,052
-1,002
-975
-945
-977
-999
-965
-952
584,564
586,223
591,461
-953
574,958
588,061
590,664
-905
589,048
593,400
595,801
-853
622,171
626,941
625,755
-876
607,643
630,916
636,241
55
45
43
51
62
55
51
165
89
140
145
133
144
137
117
86
56
49
48
46
48
51
46
40
106
314
260
551
1,319,031
1,124,834

1,124,834

1,319,031

551

260

314

106

117

137

144

133

145

140

165

636,241

630,916

607,643

-876

625,755

626,941

622,171

-853

595,801

593,400

589,048

-905

590,664

588,061

574,958

-953

591,461

586,223

584,564

-952

-965

-999

-977

-945

-975

-1,002

-1,052

-1,062

-1,119

-1,090

-1,069

-1,123

-1,113

-1,105

-1,113

-1,119

-1,104

-1,114

842

863

806

688

724

725

630

588

557

483

484

471

489

516

574

627

700

706

773

910

1,101

1,330

1,560

1,408

1,538

10,959

426,600

421,700

11,200

700

600

700

800

900

1,300

1,000

1,200

2,100

1,200

1,300

2,200

1,800

300

900

200

Short-term Debt

0
200
0
1,100
1,500
600
500
1,400
500
500
300
500
200
200
0
0
0
10,500
177
514
10,198
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
35,000
0
0
0
0
0
0
0
0
10,198
10,198
359
356
293
307
307
333
360
356
353
351
346
0

346

351

353

356

360

333

307

293

356

359

10,198

35,000

10,198

514

177

10,500

200

500

300

500

1,400

500

600

1,500

1,100

200

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
35,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

35,000

Accounts payable

200
700
300
700
700
700
700
700
700
700
700
800
700
600
700
600
700
700
660
676
761
1,538
1,408
1,560
1,330
1,101
910
773
706
700
627
574
516
489
471
484
483
483
557
588
630
725
724
688
806
863
842
756
807
792
800
616
636
655
650
558
473
336
392
356
304
257
260
237
207
206
191
173
178
139
146
126
97
92
78
71
67
68
70
61
61
56
62
56
48
55
45
43
51
62
55
51
165
89
140
145
133
144
137
117
86
56
49
48
46
48
51
46
40
106
314
260
551
1,416
0

1,416

551

260

314

106

117

137

144

133

145

140

165

126

146

139

178

173

191

206

207

237

260

257

304

356

392

336

473

558

650

655

636

616

800

792

807

756

842

863

806

688

724

725

630

588

557

483

484

471

489

516

574

627

700

706

773

910

1,101

1,330

1,560

1,408

1,538

761

676

660

700

600

700

600

700

800

700

300

700

200

Other Current Liabilities

-200
0
-300
0
0
0
0
0
0
0
0
0
0
0
-700
-600
-700
0
420,863
425,410
0
-1,538
-1,408
-1,560
-1,330
-1,101
-910
-773
-706
-700
-627
-574
-516
-489
-471
-484
-483
-483
-557
-588
-630
-725
-724
-688
-806
-863
-842
-756
-807
-792
-800
-616
-636
-655
-650
-558
-473
-336
-392
-356
-304
-257
-260
-237
-207
-206
-191
-173
-178
-139
-146
-126
-97
-92
-78
-71
-67
-68
-70
-61
-61
-56
-62
-56
-48
-55
-45
-43
-51
-62
-55
-51
-165
-89
-140
-145
-133
-144
-137
-117
-86
-56
-49
-359
-356
-293
-307
-46
-40
-106
-314
-260
-551
1,318,685
1,124,834

1,124,834

1,318,685

-551

-260

-314

-106

-40

-46

-307

-293

-356

-359

-49

-56

-86

-117

-137

-144

-133

-145

-140

-89

-165

-51

-55

-62

-51

-43

-45

-55

-48

-56

-62

-56

-61

-70

-68

-67

-71

-78

-92

-97

-126

-146

-139

-178

-173

-191

-206

-207

-237

-260

-257

-304

-356

-392

-336

-473

-558

-650

-655

-636

-616

-800

-792

-807

-756

-842

-863

-806

-688

-724

-725

-630

-588

-557

-483

-484

-471

-489

-516

-574

-627

-700

-706

-773

-910

-1,101

-1,330

-1,560

-1,408

-1,538

425,410

420,863

-700

-600

-700

-300

-200

> Long-term Liabilities

1,000
1,500
1,100
900
1,000
1,500
1,600
900
1,400
1,000
1,800
1,300
1,600
900
100
8,600
600
0
10,000
10,000
0
270
133
362
470
203
668
321
587
748
178
521
92
135
77
374
2,214
297
431
572
623
357
83
78
76
73
71
141
66
64
61
59
56
54
51
49
46
861,353
867,492
868,052
850,808
893,996
893,870
899,548
901,267
926,755
354,486
355,358
339,113
955,205
370,185
357,487
340,445
965,643
380,645
378,283
357,636
989,281
369,952
353,760
343,978
1,028,501
420,992
399,455
382,796
12,182
13,614
12,668
12,798
12,065
11,996
12,794
35,000
13,763
2,192
2,135
2,358
2,286
19,097
18,244
19,636
0
20,504
298,812
304,153
48
51
46
40
106
314
354,389
382,573
200,028
424,982

424,982

200,028

382,573

354,389

314

106

304,153

298,812

20,504

19,636

18,244

19,097

2,286

2,358

2,135

2,192

13,763

35,000

12,794

11,996

12,065

12,798

12,668

13,614

12,182

382,796

399,455

420,992

1,028,501

343,978

353,760

369,952

989,281

357,636

378,283

380,645

965,643

340,445

357,487

370,185

955,205

339,113

355,358

354,486

926,755

901,267

899,548

893,870

893,996

850,808

868,052

867,492

861,353

141

357

623

572

431

297

2,214

374

135

521

178

748

587

321

668

203

470

362

133

270

10,000

600

8,600

100

900

1,600

1,300

1,800

1,000

1,400

900

1,600

1,500

1,000

900

1,100

1,500

1,000

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,295
1,297
1,858
2,745
2,943
2,549
2,606
2,541
2,679
1,987
2,469
2,815
3,065
2,542
2,435
2,406
3,391
2,298
2,838
2,837
3,891
3,184
3,437
3,553
4,391
3,575
4,325
6,683
7,757
6,964
7,089
6,444
7,618
6,386
6,768
7,364
8,351
7,872
8,498
8,179
8,972
7,713
7,977
8,468
7,103
6,362
6,067
6,470
7,258
6,143
6,191
7,486
8,024
7,027
7,611
4,702
5,607
4,220
4,514
6,000
7,166
6,545
7,203
8,766
10,123
8,633
9,029
12,237
13,659
12,711
12,849
12,127
12,051
12,794
12,791
13,763
14,238
13,592
14,215
15,928
16,883
16,104
17,546
19,851
18,563
20,745
20,398
15,789
16,411
15,471
16,070
10,589
11,468
8,521
0
0
0

8,521

11,468

10,589

16,070

15,471

16,411

15,789

20,398

20,745

18,563

19,851

17,546

16,104

16,883

15,928

14,215

13,592

14,238

13,763

12,791

12,794

12,051

12,127

12,849

12,711

13,659

12,237

9,029

8,633

10,123

8,766

7,203

6,545

7,166

6,000

4,514

4,220

5,607

4,702

7,611

7,027

8,024

7,486

6,191

6,143

7,258

6,470

6,067

6,362

7,103

8,468

7,977

7,713

8,972

8,179

8,498

7,872

8,351

7,364

6,768

6,386

7,618

6,444

7,089

6,964

7,757

6,683

4,325

3,575

4,391

3,553

3,437

3,184

3,891

2,837

2,838

2,298

3,391

2,406

2,435

2,542

3,065

2,815

2,469

1,987

2,679

2,541

2,606

2,549

2,943

2,745

1,858

1,297

2,295

> Total Stockholder Equity

22,300
48,200
23,200
48,600
50,500
49,800
50,900
51,500
53,500
54,000
55,400
55,700
58,400
58,500
59,300
49,900
51,100
52,700
54,651
54,954
57,569
59,834
62,875
62,970
65,650
65,261
67,403
69,478
73,012
73,101
75,726
78,471
79,268
80,641
84,754
81,430
87,270
87,088
88,793
89,821
92,670
91,939
94,260
93,173
97,803
96,755
99,823
98,674
102,769
104,800
108,957
107,354
109,473
110,108
113,556
114,979
121,471
122,076
126,504
127,825
132,614
129,187
133,665
136,308
141,820
141,299
144,792
146,687
150,398
150,109
153,360
145,538
146,294
145,892
153,417
156,796
162,822
166,303
172,722
167,570
174,392
172,114
179,236
179,928
184,144
178,263
182,987
184,286
187,661
184,896
185,537
185,851
188,157
190,238
181,228
183,848
187,988
183,726
191,559
195,781
202,194
200,607
189,069
194,235
190,853
191,751
161,289
136,240
112,187
122,687
131,043
128,444
116,113
140,522
139,390

139,390

140,522

116,113

128,444

131,043

122,687

112,187

136,240

161,289

191,751

190,853

194,235

189,069

200,607

202,194

195,781

191,559

183,726

187,988

183,848

181,228

190,238

188,157

185,851

185,537

184,896

187,661

184,286

182,987

178,263

184,144

179,928

179,236

172,114

174,392

167,570

172,722

166,303

162,822

156,796

153,417

145,892

146,294

145,538

153,360

150,109

150,398

146,687

144,792

141,299

141,820

136,308

133,665

129,187

132,614

127,825

126,504

122,076

121,471

114,979

113,556

110,108

109,473

107,354

108,957

104,800

102,769

98,674

99,823

96,755

97,803

93,173

94,260

91,939

92,670

89,821

88,793

87,088

87,270

81,430

84,754

80,641

79,268

78,471

75,726

73,101

73,012

69,478

67,403

65,261

65,650

62,970

62,875

59,834

57,569

54,954

54,651

52,700

51,100

49,900

59,300

58,500

58,400

55,700

55,400

54,000

53,500

51,500

50,900

49,800

50,500

48,600

23,200

48,200

22,300

Common Stock

4,300
9,500
4,300
9,500
9,500
9,500
9,500
9,500
9,500
9,500
9,500
9,500
9,500
9,500
9,500
8,800
8,800
8,800
8,792
8,782
8,780
8,780
8,778
8,778
8,778
8,778
8,778
8,778
8,778
8,778
8,778
8,782
8,782
8,788
8,788
8,804
8,791
8,797
8,802
8,773
8,780
8,775
8,767
8,749
8,736
8,725
8,727
8,720
8,697
8,690
8,661
8,659
8,659
8,662
8,662
8,667
8,667
8,667
8,667
8,667
8,667
8,667
8,670
8,672
8,672
8,675
8,675
8,675
8,680
8,685
8,685
8,685
8,685
8,685
8,685
8,685
8,688
8,688
8,688
8,693
8,695
8,698
8,697
8,697
8,697
8,698
8,698
8,698
8,698
8,698
8,698
8,698
8,698
8,698
8,132
8,132
8,112
8,112
8,112
8,112
8,112
8,040
7,900
7,713
7,621
7,580
7,528
7,476
7,447
7,362
7,362
7,367
7,383
7,404
7,436

7,436

7,404

7,383

7,367

7,362

7,447

7,476

7,528

7,580

7,621

7,713

7,900

8,040

8,112

8,132

8,698

8,697

8,698

8,695

8,693

8,688

8,685

8,680

8,675

8,672

8,670

8,667

8,662

8,659

8,661

8,690

8,697

8,720

8,727

8,725

8,736

8,749

8,767

8,775

8,780

8,773

8,802

8,797

8,791

8,804

8,788

8,782

8,778

8,780

8,782

8,792

8,800

9,500

4,300

9,500

4,300

Retained Earnings

16,700
38,400
17,900
40,300
41,900
42,200
43,700
44,200
45,800
46,200
47,800
48,100
49,800
50,200
51,900
45,200
47,000
47,400
49,236
49,566
51,309
51,629
53,239
53,410
55,319
55,917
58,021
58,952
61,666
62,525
65,157
66,086
68,997
70,063
73,023
73,850
76,861
77,735
80,770
80,954
84,060
84,610
87,407
87,723
90,690
91,123
94,182
94,576
97,440
97,810
100,518
101,228
104,843
105,356
108,743
109,307
113,087
113,901
117,670
118,615
122,612
123,161
127,218
128,129
132,638
133,945
138,374
139,036
143,383
144,162
148,378
149,061
153,578
154,171
158,575
158,863
163,181
163,287
167,253
167,764
171,996
171,353
175,132
175,170
178,998
178,224
181,873
181,546
185,331
185,893
189,189
189,194
193,445
193,624
180,637
180,272
184,016
184,120
188,099
186,733
190,901
189,547
190,462
188,580
188,693
188,229
191,645
191,541
196,941
199,091
195,718
195,320
198,394
197,984
200,158

200,158

197,984

198,394

195,320

195,718

199,091

196,941

191,541

191,645

188,229

188,693

188,580

190,462

189,547

190,901

186,733

188,099

184,120

184,016

180,272

180,637

193,624

193,445

189,194

189,189

185,893

185,331

181,546

181,873

178,224

178,998

175,170

175,132

171,353

171,996

167,764

167,253

163,287

163,181

158,863

158,575

154,171

153,578

149,061

148,378

144,162

143,383

139,036

138,374

133,945

132,638

128,129

127,218

123,161

122,612

118,615

117,670

113,901

113,087

109,307

108,743

105,356

104,843

101,228

100,518

97,810

97,440

94,576

94,182

91,123

90,690

87,723

87,407

84,610

84,060

80,954

80,770

77,735

76,861

73,850

73,023

70,063

68,997

66,086

65,157

62,525

61,666

58,952

58,021

55,917

55,319

53,410

53,239

51,629

51,309

49,566

49,236

47,400

47,000

45,200

51,900

50,200

49,800

48,100

47,800

46,200

45,800

44,200

43,700

42,200

41,900

40,300

17,900

38,400

16,700

Accumulated Other Comprehensive Income

200
600
-400
-2,400
-1,600
-400
-1,400
-400
0
400
600
600
2,000
2,000
-2,100
-4,100
-4,700
-3,500
-3,377
-3,394
-2,520
-575
858
782
1,553
566
604
1,748
2,568
1,798
1,791
3,603
1,489
1,790
2,943
-1,224
1,618
556
-779
94
-170
-1,446
-1,914
-3,299
-1,623
-3,093
-3,086
-4,622
-3,368
-1,700
-222
-2,533
-4,029
-3,910
-3,849
-2,995
-283
-492
167
543
1,335
-2,641
-2,223
-493
510
-1,321
-2,257
-1,024
-1,665
-2,738
-3,703
-12,208
-15,969
-16,964
-13,843
-10,752
-9,047
-5,672
-3,219
-8,887
-6,299
-7,937
-4,593
-3,939
-3,551
-8,659
-7,584
-5,958
-6,368
-9,695
-12,350
-12,041
-13,986
-12,084
-7,541
-4,556
-4,140
-8,506
-4,652
936
3,181
3,020
-9,293
-2,058
-5,461
-4,058
-37,884
-62,777
-92,201
-83,766
-72,037
-74,243
-89,664
-64,866
-68,204

-68,204

-64,866

-89,664

-74,243

-72,037

-83,766

-92,201

-62,777

-37,884

-4,058

-5,461

-2,058

-9,293

3,020

3,181

936

-4,652

-8,506

-4,140

-4,556

-7,541

-12,084

-13,986

-12,041

-12,350

-9,695

-6,368

-5,958

-7,584

-8,659

-3,551

-3,939

-4,593

-7,937

-6,299

-8,887

-3,219

-5,672

-9,047

-10,752

-13,843

-16,964

-15,969

-12,208

-3,703

-2,738

-1,665

-1,024

-2,257

-1,321

510

-493

-2,223

-2,641

1,335

543

167

-492

-283

-2,995

-3,849

-3,910

-4,029

-2,533

-222

-1,700

-3,368

-4,622

-3,086

-3,093

-1,623

-3,299

-1,914

-1,446

-170

-779

556

1,618

-1,224

2,943

1,790

1,489

3,603

1,791

1,798

2,568

1,748

604

566

1,553

782

858

-575

-2,520

-3,394

-3,377

-3,500

-4,700

-4,100

-2,100

2,000

600

400

-400

-1,400

-400

-1,600

-2,400

-400

600

200

Capital Surplus

Treasury Stock

Other Stockholders Equity

1,100
-300
1,400
1,200
700
-1,500
-900
-1,800
-1,800
-2,100
-2,500
-2,500
-2,900
-3,200
-2,100
-4,100
-4,700
-3,500
-3,377
-3,394
-2,520
-575
858
782
1,553
566
604
1,748
2,568
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
98,674
102,769
0
108,957
107,354
109,473
0
113,556
114,979
8,667
0
8,667
127,825
132,614
0
133,665
136,308
141,820
-1,321
8,675
8,675
-1,665
-2,738
-3,703
-12,208
-15,969
-16,964
-13,843
-10,752
-9,047
-5,672
-3,219
-8,887
-6,299
-7,937
-4,593
-3,939
-3,551
-8,659
-7,584
-5,958
-6,368
-9,695
-12,350
-12,041
-13,986
-12,085
-7,541
183,848
187,988
-8,506
191,559
936
181
3,020
-9,293
-5,058
-5,461
-4,058
-37,884
-62,777
-92,201
-83,766
-72,037
-74,243
0
0
0

-74,243

-72,037

-83,766

-92,201

-62,777

-37,884

-4,058

-5,461

-5,058

-9,293

3,020

181

936

191,559

-8,506

187,988

183,848

-7,541

-12,085

-13,986

-12,041

-12,350

-9,695

-6,368

-5,958

-7,584

-8,659

-3,551

-3,939

-4,593

-7,937

-6,299

-8,887

-3,219

-5,672

-9,047

-10,752

-13,843

-16,964

-15,969

-12,208

-3,703

-2,738

-1,665

8,675

-1,321

141,820

136,308

133,665

132,614

127,825

8,667

114,979

113,556

109,473

107,354

108,957

102,769

98,674

2,568

1,748

604

566

1,553

782

858

-575

-2,520

-3,394

-3,377

-3,500

-4,700

-4,100

-2,100

-3,200

-2,900

-2,500

-2,100

-1,800

-900

-1,500

700

1,200

1,400

-300

1,100

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Accounts Payable	1,416	106	48	56	144	89	62	55	56	68	92	139	206	257	336	655	792	863	725	483	489	700	1,101	1,538	700	600	0	0	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-64,866	-83,766	-4,058	3,020	-8,506	-12,084	-9,695	-8,659	-7,937	-5,672	-16,964	-2,738	-1,321	-2,641	-492	-3,910	-1,700	-3,093	-1,446	556	1,790	1,798	566	-575	-3,500	-1,200	-1,644	-248	115
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	2,286	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	7,404	7,362	7,580	8,040	8,112	8,698	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	86,603	71,429	138,789	133,872	87,171	56,373	64,159	94,242	142,963	115,442	110,659	111,380	110,252	79,258	45,624	45,972	46,011	34,900	30,394	34,956	47,953	31,134	27,803	24,709	22,500	21,400	16,735	11,990	5,405
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	631,568	728,281	824,869	680,614	522,434	481,383	395,546	398,524	379,094	338,286	294,327	302,884	110,252	79,258	45,624	45,972	46,011	34,900	30,394	34,956	47,953	31,134	27,803	24,709	22,500	21,400	16,735	11,990	5,405
Common Stock	7,404	7,362	7,580	8,040	8,112	8,698	8,698	8,698	8,698	8,688	8,685	8,685	8,675	8,667	8,667	8,662	8,690	8,725	8,775	8,797	8,788	8,778	8,778	8,780	8,800	9,500	9,482	9,482	4,285
Common Stock Shares Outstanding	5,890	5,990	6,210	6,483	6,581	6,958	6,958	6,958	6,957	6,959	6,968	6,960	6,951	6,950	6,946	6,936	6,964	7,018	7,066	7,069	7,063	7,027	7,033	7,028	7,245	7,598	7,584	7,599	3,808
Common Stock Total Equity	0	7,362	7,580	8,040	8,112	8,698	8,698	8,698	8,698	8,688	8,685	8,685	8,675	8,667	8,667	8,662	8,690	8,725	8,775	8,797	8,788	8,778	8,778	8,780	8,800	9,500	9,482	9,482	4,285
Current Deferred Revenue	-1,416	-254	-245	-307	-210	-257	0	-237	-876	-853	-905	-953	-952	-945	-1,062	-1,123	-1,119	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	513,049	468,573	510,044	519,985	519,604	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	10,460	11,543	12,626	13,719	14,838	15,976	17,113	16,924	9,958	10,912	11,866	345	0	0	0	0	0
Intangible Assets	5,848	5,848	5,848	5,848	5,848	5,848	50	118	376	1,374	2,451	3,529	10,460	11,543	12,626	13,719	14,838	15,976	17,113	16,924	9,958	10,912	11,866	9,038	0	0	0	0	0
Inventory	-637,881	-85,665	-152,453	-148,675	-97,989	2,052	-78,213	-105,115	4,165	5,035	5,988	4,231	4,112	4,183	2,252	2,332	483	1,198	376	1,898	2,377	1,383	1,356	540	0	0	0	0	0
Liabilities And Stockholders Equity	1,659,581	1,677,551	1,702,175	1,519,671	1,321,837	1,256,032	1,256,757	1,233,942	1,199,739	1,154,731	1,110,630	1,104,361	1,067,102	1,022,238	982,367	935,374	887,647	868,203	841,498	796,154	708,560	684,935	644,623	593,497	472,100	445,200	402,907	388,850	203,389
Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	54	64	73	357	297	135	748	203	270	0	0	0	0	0
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	618,601	656,852	686,080	546,742	727,493	1,056,027	787,568	774,887	763,373	758,946	752,722	1,051,456	727,020	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	-85,476	-69,985	-137,231	-131,856	-84,885	-54,438	-64,159	-93,171	-142,963	-115,442	-110,659	-111,380	-110,252	-79,258	-45,624	-45,918	-45,947	-34,827	-30,037	-34,659	-47,818	-30,386	-27,600	-24,439	-12,000	-21,200	-16,250	-11,363	-5,405
Net Invested Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	6,313	6,001	5,104	5,028	4,285	5,160	5,297	5,260	5,769	5,748	5,949	6,247	6,304	6,016	6,250	5,760	5,711	5,682	5,145	4,870	4,610	4,290	4,917	5,049	4,000	3,800	3,445	3,510	1,667
Net Tangible Assets	0	116,839	185,903	194,759	177,878	184,390	178,998	172,297	165,890	159,080	137,593	140,732	141,299	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-1,218,465	734,176	829,925	685,586	526,575	816,439	400,781	403,729	384,807	343,966	300,184	308,992	116,350	85,017	51,538	51,077	50,930	39,719	34,814	39,343	52,074	34,724	31,619	28,220	15,300	24,600	0	0	0
Non Current Assets Total	1,559,015	673,071	701,650	562,625	452,307	439,504	472,670	454,058	403,403	400,650	365,901	371,821	339,766	337,920	320,671	289,922	300,197	314,167	302,462	279,736	250,206	240,144	213,474	166,668	146,000	173,500	156,134	176,755	70,161
Non Current Liabilities Other	0	12,033	15,789	0	18,214	13,763	12,065	12,182	8,710	5,932	4,610	7,347	6,264	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	200,028	106	307,300	286,333	2,286	256,460	270,127	281,698	1,028,501	989,281	965,643	955,205	926,755	893,996	861,353	54	64	73	357	297	135	748	203	270	0	200	485	627	0
Non Currrent Assets Other	1,445,127	-25,643	-5,032	-6,303	-4,914	-6,426	-5,368	-9,597	-403,403	-400,650	-365,901	-371,821	-339,766	-337,920	-320,671	-289,922	-300,197	-314,167	-302,462	-279,736	-250,206	-240,144	-213,474	-166,668	-146,000	-173,500	-156,134	-176,755	-70,161
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	270,198	170,552	271,404	342,811	1,695,536	383,244	376,100	411,473	410,047	444,453	423,409	610,780	599,044	609,822	593,720	535,728	513,454	503,497	476,592	405,791	409,367	398,429	397,071	299,600	246,500	226,593	196,595	126,156
Other Current Assets	100,566	85,665	152,453	148,675	97,989	329,985	78,213	105,115	410,313	408,411	439,388	419,502	610,780	599,044	609,822	593,720	535,728	513,454	503,497	476,592	405,791	409,367	589,905	0	0	0	0	0	0
Other Current Liab	1,318,685	-106	-48	-56	-144	-89	-62	-292	876	853	905	953	952	945	1,062	1,123	1,119	-863	-725	-483	-489	-700	-1,101	-1,538	-11,200	-600	0	0	0
Other Liab	0	10,589	15,789	19,851	15,928	13,763	12,065	12,182	12,490	6,000	4,702	7,486	6,470	8,468	8,179	7,364	6,444	6,683	3,553	2,837	2,406	2,815	2,541	2,745	0	0	0	0	0
Other Stockholder Equity	0	-83,766	-4,058	3,020	494	-85	305	-8,659	-7,937	-5,672	-16,964	-2,738	-1,321	0	0	0	0	0	0	0	0	0	566	-575	-3,500	-1,200	-1,644	-1,643	1,187
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	23,586	22,093	21,752	10,035	8,919	8,646	8,221	8,853	9,020	9,131	9,951	10,401	10,393	10,470	10,628	11,204	12,016	12,702	12,808	12,104	10,094	9,938	10,132	10,324	8,500	6,700	6,160	5,511	3,424
Property Plant And Equipment Net	12,205	10,371	9,722	10,035	11,196	8,646	8,221	8,853	9,020	9,131	9,951	10,401	10,393	10,470	10,628	11,204	12,016	12,702	12,808	12,104	10,094	9,938	10,132	10,324	8,500	6,700	6,160	5,511	3,424
Property Plant Equipment	0	11,033	9,722	12,033	10,531	10,698	8,221	12,009	13,185	13,875	14,663	10,401	10,393	10,470	10,628	11,204	12,016	12,702	12,808	12,104	10,094	9,938	10,132	10,324	0	0	0	0	0
Retained Earnings	197,984	199,091	188,229	189,547	184,120	193,624	185,893	178,224	171,353	163,287	154,171	144,162	133,945	123,161	113,901	105,356	97,810	91,123	84,610	77,735	70,063	62,525	55,917	51,629	47,400	50,200	46,191	42,210	16,967
Retained Earnings Total Equity	0	199,091	188,229	0	184,120	193,625	185,893	178,224	171,353	163,287	154,171	144,162	133,945	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	1,127	1,444	1,558	2,016	2,286	1,935	0	1,071	0	0	0	0	0	0	0	54	64	73	357	297	135	748	203	270	10,500	200	485	627	200
Short Term Debt	346	360	293	363	354	346	0	292	932	921	997	1,092	1,158	1,202	1,398	1,778	1,911	0	0	0	0	0	0	0	10,500	0	0	0	0
Short Term Investments	618,601	656,852	686,080	546,742	435,263	425,010	331,387	304,282	236,131	222,844	183,668	191,504	174,918	184,907	168,041	147,227	158,594	19,617	10,279	22,463	36,220	20,542	16,590	42,669	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	1,659,581	1,677,551	1,702,175	1,519,671	1,321,837	1,256,032	1,256,757	1,233,942	1,199,739	1,154,731	1,110,630	1,104,361	1,067,102	1,022,238	982,367	935,374	887,647	868,203	841,498	796,154	708,560	684,935	644,623	593,497	472,100	445,200	402,907	388,850	203,389
Total Current Assets	100,566	734,282	829,973	685,642	526,719	816,528	400,843	403,784	384,863	344,034	300,276	309,131	116,556	85,274	51,874	51,732	51,722	40,582	35,539	39,826	52,563	35,424	32,720	29,758	26,500	25,200	20,180	15,500	7,072
Total Current Liabilities	1,319,031	106	48	56	144	89	62	55	56	68	92	139	206	257	336	655	792	863	725	483	489	700	1,101	1,538	11,200	600	0	0	0
Total Liab	1,519,059	1,554,864	48	56	1,138,111	1,065,794	62	55	56	68	92	139	206	257	336	825,266	782,847	771,448	749,559	709,066	627,919	611,834	579,362	533,663	11,200	386,700	485	627	180,835
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	140,522	122,687	191,751	200,607	183,726	190,238	184,896	178,263	172,114	166,303	145,892	150,109	141,299	129,187	122,076	110,108	104,800	96,755	91,939	87,088	80,641	73,101	65,261	59,834	52,700	58,500	54,029	49,801	22,554
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	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	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	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	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	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30
Accounts Payable	0	1,416	551	260	314	106	40	46	51	48	46	48	49	56	86	117	137	144	133	145	140	89	165	51	55	62	51	43	45	55	48	56	62	56	61	61	70	68	67	71	78	92	97	126	146	139	178	173	191	206	207	237	260	257	304	356	392	336	473	558	650	655	636	616	800	792	807	756	842	863	806	688	724	725	630	588	557	483	483	484	471	489	516	574	627	700	706	773	910	1,101	1,330	1,560	1,408	1,538	761	676	660	700	700	600	700	600	700	800	700	700	700	700	700	700	700	700	300	700	200
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-68,204	-64,866	-89,664	-74,243	-72,037	-83,766	-92,201	-62,777	-37,884	-4,058	-5,461	-2,058	-9,293	3,020	3,181	936	-4,652	-8,506	-4,140	-4,556	-7,541	-12,084	-13,986	-12,041	-12,350	-9,695	-6,368	-5,958	-7,584	-8,659	-3,551	-3,939	-4,593	-7,937	-6,299	-8,887	-3,219	-5,672	-9,047	-10,752	-13,843	-16,964	-15,969	-12,208	-3,703	-2,738	-1,665	-1,024	-2,257	-1,321	510	-493	-2,223	-2,641	1,335	543	167	-492	-283	-2,995	-3,849	-3,910	-4,029	-2,533	-222	-1,700	-3,368	-4,622	-3,086	-3,093	-1,623	-3,299	-1,914	-1,446	-170	94	-779	556	1,618	-1,224	2,943	1,790	1,489	3,603	1,791	1,798	2,568	1,748	604	566	1,553	782	858	-575	-2,520	-3,394	-3,377	-3,500	-4,700	-4,100	-2,100	2,000	2,000	600	600	400	0	-400	-1,400	-400	-1,600	-2,400	-400	600	200
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,286	2,358	2,135	2,192	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	0	7,404	7,383	7,367	7,362	7,362	7,447	7,476	7,528	7,580	7,621	7,713	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	10,656	86,603	53,442	70,056	54,661	71,429	90,423	107,610	120,275	138,789	130,591	164,521	147,819	133,872	79,372	86,566	84,302	87,171	149,696	77,208	68,713	56,373	39,861	42,511	87,169	64,159	70,326	102,032	99,206	94,242	91,472	90,212	139,276	142,963	102,741	95,171	100,128	115,442	100,436	122,029	123,564	110,659	76,582	77,205	117,850	111,380	79,839	118,242	113,542	110,252	82,432	67,881	67,474	79,258	67,907	65,920	67,450	45,624	34,826	52,731	55,532	45,972	28,768	23,049	62,618	46,011	18,476	37,507	43,127	34,900	34,376	33,003	35,523	30,394	32,950	27,579	25,646	34,956	21,732	26,693	26,210	47,953	31,375	32,829	36,039	31,134	32,111	15,604	20,484	27,803	25,402	22,368	39,278	24,709	27,304	23,190	19,126	22,500	19,200	12,200	27,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	10,656	705,204	644,994	684,234	705,708	728,281	747,833	789,861	819,629	824,869	772,077	782,277	719,178	680,614	566,723	576,492	523,321	522,434	483,846	473,555	473,358	481,383	488,346	510,016	436,916	395,546	391,295	417,758	411,202	402,426	385,562	395,602	410,532	380,254	314,874	313,695	338,624	339,923	305,456	317,436	313,965	299,392	268,807	283,153	309,390	306,791	79,839	118,242	113,542	110,252	82,432	67,881	67,474	79,258	67,907	65,920	67,450	45,624	34,826	52,731	55,532	45,972	28,768	23,049	62,618	46,011	18,476	37,507	43,127	34,900	34,376	33,003	35,523	30,394	32,950	27,579	25,646	34,956	21,732	26,693	26,210	47,953	31,375	32,829	36,039	31,134	32,111	15,604	20,484	27,803	25,402	22,368	39,278	24,709	27,304	23,190	19,126	22,500	19,200	12,200	27,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock	7,436	7,404	7,383	7,367	7,362	7,362	7,447	7,476	7,528	7,580	7,621	7,713	7,900	8,040	8,112	8,112	8,112	8,112	8,112	8,132	8,132	8,698	8,698	8,698	8,698	8,698	8,698	8,698	8,698	8,698	8,697	8,697	8,697	8,698	8,695	8,693	8,688	8,688	8,688	8,685	8,685	8,685	8,685	8,685	8,685	8,685	8,680	8,675	8,675	8,675	8,672	8,672	8,670	8,667	8,667	8,667	8,667	8,667	8,667	8,667	8,662	8,662	8,659	8,659	8,661	8,690	8,697	8,720	8,727	8,725	8,736	8,749	8,767	8,775	8,780	8,773	8,802	8,797	8,791	8,804	8,788	8,788	8,782	8,782	8,778	8,778	8,778	8,778	8,778	8,778	8,778	8,778	8,778	8,780	8,780	8,782	8,792	8,800	8,800	8,800	9,500	9,500	9,500	9,500	9,500	9,500	9,500	9,500	9,500	9,500	9,500	9,500	4,300	9,500	4,300
Common Stock Shares Outstanding	5,892	5,890	5,890	5,890	5,890	5,933	5,975	6,004	6,047	6,080	6,143	6,214	6,408	6,464	6,490	6,490	6,490	6,490	6,500	6,506	6,840	6,958	6,958	6,958	6,958	6,958	6,958	6,958	6,958	6,958	6,958	6,958	6,958	6,959	6,959	6,956	6,955	6,955	6,957	6,961	6,964	6,963	6,973	6,968	6,969	6,964	6,963	6,957	6,955	6,940	6,945	6,947	6,957	6,934	6,943	6,947	6,953	6,933	6,948	6,945	6,935	6,929	6,932	6,931	6,947	6,938	6,979	6,996	7,001	6,979	7,015	7,034	14,089	7,059	14,108	7,072	7,078	7,038	7,074	7,071	7,085	7,031	7,069	7,066	7,056	7,023	14,075	7,023	7,023	7,023	7,023	7,023	7,023	7,023	7,025	7,033	7,034	7,034	7,034	7,034	7,586	7,590	7,590	7,590	7,590	7,590	7,590	7,590	7,590	7,590	7,590	7,590	7,590	7,590	7,590
Common Stock Total Equity	0	0	0	7,367	7,362	7,362	7,447	7,476	7,528	7,580	7,621	7,713	7,900	8,040	8,112	8,112	8,112	8,112	8,112	8,132	8,132	8,698	8,698	8,698	8,698	8,698	8,698	8,698	8,698	8,698	8,697	8,697	8,697	8,698	8,695	8,693	8,688	8,688	8,688	8,685	8,685	8,685	8,685	8,685	8,685	8,685	8,680	8,675	8,675	8,675	8,672	8,672	8,670	8,667	8,667	8,667	8,667	8,667	8,667	8,667	8,662	8,662	8,659	8,659	8,661	8,690	8,697	8,720	8,727	8,725	8,736	8,749	8,767	8,775	8,780	8,773	8,802	8,797	8,791	8,804	8,788	8,788	8,782	8,782	8,778	8,778	8,778	8,778	8,778	8,778	8,778	8,778	8,778	8,780	8,780	8,782	8,792	8,800	8,800	8,800	9,500	9,500	9,500	9,500	9,500	9,500	9,500	9,500	9,500	9,500	9,500	9,500	4,300	9,500	4,300
Current Deferred Revenue	0	-1,416	200	-93	-42	-254	-293	-261	-256	-245	-310	-311	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	636,241	630,916	607,643	-876	625,755	626,941	622,171	-853	595,801	593,400	589,048	-905	590,664	588,061	574,958	-953	591,461	586,223	584,564	-952	-965	-999	-977	-945	-975	-1,002	-1,052	-1,062	-1,119	-1,090	-1,069	-1,123	-1,113	-1,105	-1,113	-1,119	-1,104	-1,114	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	512,704	513,049	471,973	457,194	458,628	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,848	5,861	5,873	5,848	5,848	5,911	5,923	5,848	5,848	6,006	6,046	5,848	5,848	6,416	6,685	5,848	5,848	7,492	7,761	5,848	5,848	8,568	8,837	5,848	5,848	9,648	9,918	10,189	5,848	10,730	11,001	11,272	11,543	11,814	12,084	12,355	12,626	12,897	13,168	13,441	13,719	13,997	14,276	14,554	14,838	15,123	15,407	15,692	15,976	16,260	16,544	16,829	17,113	17,397	17,681	17,964	16,924	17,565	17,759	9,720	9,958	10,197	10,435	10,674	10,912	11,150	11,388	11,628	11,866	12,104	12,343	0	345	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	5,848	5,848	5,848	5,848	5,848	5,848	0	0	0	0	0	0	0	0	0	5,848	5,848	5,848	5,848	5,848	5,848	5,861	5,873	5,886	50	5,911	5,923	5,936	118	6,006	6,046	6,114	376	6,416	6,685	6,954	1,374	7,492	7,761	8,029	2,451	8,568	8,837	9,106	3,529	9,648	9,918	10,189	4,612	10,730	11,001	11,272	11,543	11,814	12,084	12,355	12,626	12,897	13,168	13,441	13,719	13,997	14,276	14,554	14,838	15,123	15,407	15,692	15,976	16,260	16,544	16,829	17,113	17,397	17,681	17,964	16,924	17,565	17,759	9,720	9,958	10,197	10,435	10,674	10,912	11,150	11,388	11,628	11,866	12,104	12,343	0	9,038	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory	0	-711,517	-60,284	-76,436	-61,330	-85,665	-97,152	957	-126,665	-152,453	957	1,007	957	1,553	1,553	1,553	1,584	1,612	1,470	2,025	2,025	2,052	2,214	2,582	2,741	3,077	3,428	3,499	3,560	3,634	3,622	4,088	3,675	4,799	5,525	5,294	5,664	5,035	5,870	5,676	4,901	5,988	1,590	2,919	1,407	4,231	4,909	2,266	2,311	4,112	2,867	2,103	2,222	4,183	4,758	5,361	3,925	2,252	2,572	3,359	2,916	2,332	1,132	751	739	483	570	1,370	1,554	1,198	613	612	883	376	625	1,795	905	1,898	1,567	1,787	1,781	2,377	1,030	928	1,488	1,383	909	692	931	1,356	1,656	653	1,071	540	589	962	1,110	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	1,689,206	1,659,581	1,591,902	1,625,541	1,654,277	1,677,551	1,698,946	1,729,588	1,721,504	1,702,175	1,644,031	1,661,652	1,568,210	1,519,671	1,435,498	1,433,750	1,318,976	1,321,837	1,272,721	1,269,517	1,258,003	1,256,032	1,258,289	1,267,477	1,270,528	1,256,757	1,232,483	1,259,354	1,243,126	1,233,942	1,203,181	1,210,299	1,207,871	1,199,739	1,144,125	1,148,271	1,164,845	1,154,731	1,116,259	1,128,479	1,123,110	1,110,630	1,077,403	1,091,086	1,098,503	1,104,361	1,080,972	1,088,268	1,083,842	1,067,102	1,042,122	1,034,857	1,026,663	1,022,238	982,447	994,875	992,944	982,367	965,888	984,762	979,787	935,374	902,283	894,912	911,721	887,647	859,915	877,098	881,915	868,203	844,997	843,407	847,956	841,498	828,907	819,574	816,988	796,154	782,613	788,429	708,142	708,560	699,565	707,381	699,742	684,935	667,646	649,823	641,297	644,623	644,210	648,521	650,314	593,497	498,897	491,541	486,344	472,100	462,700	445,400	452,300	445,200	430,600	425,500	405,100	402,900	400,200	393,900	392,900	388,800	389,400	387,700	210,600	381,000	206,700
Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,135	2,192	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	46	49	51	54	56	59	61	64	66	141	71	73	76	78	83	357	623	572	431	297	2,214	374	77	135	92	521	178	748	587	321	668	203	470	362	133	270	10,198	10,514	10,177	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	618,601	591,552	614,178	651,047	656,852	657,410	682,251	699,354	686,080	641,486	617,756	571,359	546,742	795,916	785,061	724,030	727,493	717,358	723,064	711,613	1,056,027	695,148	684,402	774,177	787,568	782,144	777,565	778,256	774,887	766,421	761,808	744,263	763,373	773,613	775,367	771,140	758,946	750,952	748,768	746,149	752,722	747,943	748,974	733,927	1,051,456	747,950	725,901	717,239	727,020	726,953	721,725	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	-10,656	-85,476	-52,237	-68,772	-53,296	-69,985	-88,960	-106,157	-118,757	-137,231	-128,801	-162,655	-147,819	-133,872	-79,372	-86,566	-84,302	-84,885	-147,338	-75,073	-66,521	-56,373	-4,861	-42,511	-87,169	-64,159	-70,326	-102,032	-99,206	-94,242	-91,472	-90,212	-139,276	-142,963	-102,741	-95,171	-100,128	-115,442	-100,436	-122,029	-123,564	-110,659	-76,582	-77,205	-117,850	-111,380	-79,839	-118,242	-113,542	-110,252	-82,432	-67,881	-67,474	-79,258	-67,907	-65,920	-67,450	-45,624	-34,780	-52,682	-55,481	-45,918	-28,712	-22,990	-62,557	-45,947	-18,410	-37,366	-43,056	-34,827	-34,300	-32,925	-35,440	-30,037	-32,327	-27,007	-25,215	-34,659	-19,518	-26,319	-26,133	-47,818	-31,283	-32,308	-35,861	-30,386	-31,524	-15,283	-19,816	-27,600	-24,932	-22,006	-39,145	-24,439	-17,106	-12,676	-8,949	-12,000	-18,600	-3,600	-27,800	200	200	500	300	500	500	1,400	500	600	1,500	1,100	0	200	0
Net Invested Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	0	6,313	6,180	5,718	6,007	6,001	5,822	5,506	5,433	5,104	5,161	5,275	5,367	5,028	5,238	4,797	4,280	4,285	4,233	5,192	5,401	5,160	5,589	5,400	5,360	5,297	5,123	5,139	5,267	5,260	5,138	5,259	5,587	5,769	5,659	5,857	5,506	5,748	5,708	5,798	5,893	5,949	6,044	6,291	5,878	6,247	6,291	6,273	6,175	6,304	6,359	6,255	6,514	6,016	6,000	6,023	6,186	6,250	6,322	6,518	6,209	5,760	6,001	5,970	5,703	5,711	6,125	6,005	5,906	5,682	5,517	5,301	5,498	5,145	5,145	5,252	5,351	4,870	5,153	5,087	5,006	4,610	5,049	5,060	5,179	4,290	5,003	5,206	4,992	4,917	5,379	5,457	5,143	5,049	4,316	4,373	4,055	4,000	4,000	3,900	3,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Tangible Assets	0	0	0	122,596	125,195	116,839	106,339	130,392	155,441	185,903	185,005	185,387	183,221	194,759	196,346	189,933	185,711	177,878	182,140	178,000	175,380	184,390	182,296	179,978	179,651	178,998	181,750	178,363	177,051	172,297	178,138	173,882	173,122	165,890	167,976	160,885	165,768	159,080	155,330	149,035	145,388	137,593	137,726	136,701	144,254	140,732	140,750	136,769	144,792	141,299	141,820	136,308	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-997,173	-1,218,465	650,623	689,692	711,401	734,176	753,615	699,509	825,011	829,925	986,828	1,028,104	980,999	956,992	932,189	927,904	863,914	871,663	921,246	856,034	836,350	816,439	795,051	785,291	796,351	784,025	778,990	805,684	790,498	779,829	122,853	122,953	170,515	797,212	136,943	131,539	132,091	754,935	136,044	159,473	160,806	745,634	111,169	111,103	145,715	733,493	109,565	145,290	140,813	728,288	703,755	687,550	682,384	685,263	678,540	678,488	683,822	662,758	641,133	655,527	655,854	646,575	599,229	580,762	608,947	588,569	552,916	567,510	564,831	553,173	548,416	545,721	541,818	538,311	534,328	529,168	523,426	515,935	496,986	500,490	440,990	457,865	446,192	455,862	451,138	444,091	646,007	627,755	618,734	621,524	620,503	624,199	43,013	28,220	20,661	-399,037	-398,519	15,300	22,500	15,500	31,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Assets Total	1,561,545	1,559,015	608,491	631,070	667,326	673,071	673,441	697,872	714,966	701,650	657,157	633,500	587,162	562,625	503,223	505,729	454,925	450,030	351,342	413,338	421,513	439,504	463,073	482,135	474,122	472,670	453,442	453,627	452,583	454,058	444,087	456,430	429,713	403,403	381,427	389,791	410,583	400,649	384,414	375,606	373,256	365,901	375,570	391,922	377,830	371,821	379,946	356,755	358,465	339,766	339,332	348,306	345,151	337,920	304,882	317,389	310,174	320,671	325,874	330,325	325,002	289,922	304,167	315,255	303,887	300,197	308,103	310,702	316,242	314,167	295,775	296,998	305,414	302,462	293,949	289,818	293,005	279,736	285,144	287,455	266,681	250,206	252,857	250,945	247,977	240,144	20,933	21,295	21,653	21,998	22,377	22,762	199,915	166,668	149,716	150,573	149,392	146,000	150,900	154,100	164,800	0	0	0	100	0	0	-100	0	-100	0	0	0	100	0
Non Current Liabilities Other	0	0	0	9,805	11,468	12,033	16,070	15,471	16,411	15,789	20,398	20,745	20,504	0	19,636	18,244	19,097	18,214	16,573	15,727	16,430	13,763	12,791	12,794	11,996	12,065	12,798	12,668	13,614	12,182	8,981	8,577	10,061	8,710	7,142	6,484	7,096	5,932	4,447	4,149	5,529	4,610	7,514	6,901	7,878	7,347	6,013	5,970	7,067	6,264	5,860	6,125	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	424,982	200,028	382,573	354,389	314	106	40	46	51	48	304,153	298,812	20,504	0	19,636	18,244	19,097	2,286	2,358	2,135	2,192	13,763	35,000	12,794	11,996	12,065	12,798	12,668	13,614	12,182	382,796	399,455	420,992	1,028,501	343,978	353,760	369,952	989,281	357,636	378,283	380,645	965,643	340,445	357,487	370,185	955,205	339,113	355,358	354,486	926,755	901,267	899,548	893,870	893,996	850,808	868,052	867,492	861,353	46	49	51	54	56	59	61	64	66	141	71	73	76	78	83	357	623	572	431	297	2,214	374	77	135	92	521	178	748	587	321	668	203	470	362	133	270	0	10,000	10,000	0	600	8,600	100	900	1,600	1,300	1,800	1,000	1,400	900	1,600	1,500	1,000	900	1,100	1,500	1,000
Non Currrent Assets Other	1,432,708	1,445,127	-23,211	-19,112	-18,526	-25,643	-673,441	74,042	5,848	5,848	60,134	-633,500	-581,314	-556,777	-497,375	419,983	408,348	-2,277	568,790	437,470	411,112	373,476	5,861	5,873	5,886	434,477	5,911	5,923	5,936	456,368	6,006	6,046	6,114	542,284	6,416	6,685	6,954	-1	7,492	7,761	8,029	541,829	8,568	8,837	9,106	520,006	9,648	9,918	10,189	10,460	10,730	11,001	11,272	11,543	11,814	12,084	12,355	12,626	-312,977	13,168	13,441	13,719	13,997	14,276	14,554	14,838	15,123	15,407	15,692	15,976	16,260	16,544	16,829	17,113	17,397	17,681	17,964	16,924	17,565	17,759	9,720	9,958	10,197	10,435	10,674	10,912	11,150	11,388	11,628	11,866	12,104	12,343	-199,915	-166,668	-149,716	-150,573	-149,392	-146,000	-150,900	-154,100	-164,800	-6,700	-6,100	-5,900	-5,600	-5,700	-5,100	-5,100	-5,100	-5,000	-4,800	-4,700	-2,700	-4,700	-2,700
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	0	332,237	304,519	275,236	270,198	271,850	332,161	181,476	170,552	1,644,031	1,661,652	1,568,210	-2	1,435,498	1,433,750	1,318,976	1,771,867	1,624,063	1,682,855	1,679,516	1,695,536	1,721,362	1,749,612	1,744,650	1,729,427	1,685,925	1,712,981	1,695,709	1,688,000	1,647,268	1,666,729	1,637,584	1,603,142	1,525,552	1,538,062	1,575,428	1,555,380	1,500,673	1,504,085	1,496,366	1,476,531	1,452,973	1,483,008	1,476,333	1,476,182	1,460,918	1,445,023	1,442,307	1,406,868	1,381,454	1,383,163	105	1,360,158	1,287,329	1,312,264	1,303,118	1,303,038	1,291,762	1,315,087	1,304,789	1,225,296	1,206,450	1,210,167	1,215,608	1,187,844	1,168,018	1,187,800	1,198,157	1,182,370	1,140,772	1,140,405	1,153,370	1,143,960	1,122,856	1,109,392	1,109,993	1,075,890	1,067,757	1,075,884	974,823	958,766	952,422	958,326	245,843	925,079	213,811	209,145	202,403	210,210	207,624	223,352	405,978	397,071	317,561	313,405	313,771	299,600	288,600	275,200	255,700	445,200	430,600	425,500	405,000	402,900	400,200	394,000	392,900	388,900	389,400	387,700	210,600	380,900	206,700
Other Current Assets	127,661	100,566	60,284	76,436	61,330	85,665	97,152	-95,812	126,665	152,453	209,636	240,600	256,503	271,406	360,314	346,732	336,450	345,088	433,300	377,432	357,731	329,985	301,281	269,926	354,130	383,244	382,623	382,830	374,074	372,198	368,394	353,008	362,039	410,313	442,165	438,928	410,132	408,411	420,681	429,639	429,996	439,388	426,982	409,720	405,405	419,502	614,896	606,998	605,660	610,780	613,999	612,415	607,419	599,044	603,658	605,543	609,134	609,822	598,866	595,188	593,044	593,720	563,347	550,638	539,513	535,728	527,211	522,884	516,640	513,454	509,329	508,105	501,521	503,497	496,863	496,925	492,986	476,592	470,584	469,194	410,245	405,791	410,284	418,547	410,547	409,367	609,599	607,718	594,168	589,905	591,052	597,934	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Liab	1,124,834	1,318,685	-551	-260	-314	-106	-40	-46	-307	-293	-356	-359	-49	-56	-86	-117	-137	-144	-133	-145	-140	-89	-165	-51	-55	-62	-51	-43	-45	-55	-48	-56	-62	-56	-61	-61	-70	-68	-67	-71	-78	-92	-97	-126	-146	-139	-178	-173	-191	-206	-207	-237	-260	-257	-304	-356	-392	-336	-473	-558	-650	-655	-636	-616	-800	-792	-807	-756	-842	-863	-806	-688	-724	-725	-630	-588	-557	-483	-483	-484	-471	-489	-516	-574	-627	-700	-706	-773	-910	-1,101	-1,330	-1,560	-1,408	-1,538	0	425,410	420,863	0	-700	-600	-700	0	0	0	0	0	0	0	0	0	0	0	-300	0	-200
Other Liab	0	0	0	8,521	11,468	10,589	16,070	15,471	16,411	15,789	20,398	20,745	18,563	19,851	17,546	16,104	16,883	15,928	14,215	13,592	14,238	13,763	12,791	12,794	12,051	12,127	12,849	12,711	13,659	12,237	9,029	8,633	10,123	8,766	7,203	6,545	7,166	6,000	4,514	4,220	5,607	4,702	7,611	7,027	8,024	7,486	6,191	6,143	7,258	6,470	6,067	6,362	7,103	8,468	7,977	7,713	8,972	8,179	8,498	7,872	8,351	7,364	6,768	6,386	7,618	6,444	7,089	6,964	7,757	6,683	4,325	3,575	4,391	3,553	3,437	3,184	3,891	2,837	2,838	2,298	3,391	2,406	2,435	2,542	3,065	2,815	2,469	1,987	2,679	2,541	2,606	2,549	2,943	2,745	1,858	1,297	2,295	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	0	0	0	-74,243	-72,037	-83,766	-92,201	-62,777	-37,884	-4,058	-5,461	-5,058	-9,293	3,020	181	936	191,559	-8,506	187,988	183,848	-7,541	-12,085	-13,986	-12,041	-12,350	-9,695	-6,368	-5,958	-7,584	-8,659	-3,551	-3,939	-4,593	-7,937	-6,299	-8,887	-3,219	-5,672	-9,047	-10,752	-13,843	-16,964	-15,969	-12,208	-3,703	-2,738	-1,665	8,675	8,675	-1,321	141,820	136,308	133,665	0	132,614	127,825	8,667	0	8,667	114,979	113,556	0	109,473	107,354	108,957	0	102,769	98,674	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,568	1,748	604	566	1,553	782	858	-575	-2,520	-3,394	-3,377	-3,500	-4,700	-4,100	-2,100	-3,200	-2,900	-2,500	-2,500	-2,100	-1,800	-1,800	-900	-1,500	700	1,200	1,400	-300	1,100
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	0	23,586	0	0	0	22,093	0	0	0	0	0	9,896	9,955	10,035	10,024	9,955	10,058	8,919	11,344	11,143	11,020	8,646	8,727	8,757	8,120	8,221	8,458	8,557	8,675	8,853	8,757	8,718	8,841	9,020	9,135	8,878	8,998	9,131	9,445	9,482	9,428	9,951	10,025	10,222	10,237	10,401	10,491	10,618	10,563	10,393	10,328	10,232	10,366	10,470	10,608	10,721	10,729	10,628	10,734	10,874	11,070	11,204	11,470	11,664	11,841	12,016	12,206	12,340	12,545	12,702	12,775	12,777	12,757	12,808	12,609	12,752	12,837	12,104	11,738	11,682	10,166	10,094	10,133	9,950	9,558	9,938	9,783	9,907	10,025	10,132	10,273	10,419	10,626	10,324	8,388	8,394	8,521	8,500	8,400	7,600	7,000	6,700	6,100	5,900	5,600	5,700	5,100	5,100	5,100	5,000	4,800	4,700	2,700	4,700	2,700
Property Plant And Equipment Net	11,214	12,205	11,091	11,044	10,431	10,371	10,183	9,773	9,764	9,722	9,823	9,896	9,955	10,035	10,024	9,955	10,058	11,196	11,344	11,143	11,020	8,646	8,727	8,757	8,120	8,221	8,458	8,557	8,675	8,853	8,757	8,718	8,841	9,020	9,135	8,878	8,998	9,131	9,445	9,482	9,428	9,951	10,025	10,222	10,237	10,401	10,491	10,618	10,563	10,393	10,328	10,232	10,366	10,470	10,608	10,721	10,729	10,628	10,734	10,874	11,070	11,204	11,470	11,664	11,841	12,016	12,206	12,340	12,545	12,702	12,775	12,777	12,757	12,808	12,609	12,752	12,837	12,104	11,738	11,682	10,166	10,094	10,133	9,950	9,558	9,938	9,783	9,907	10,025	10,132	10,273	10,419	10,626	10,324	8,388	8,394	8,521	8,500	8,400	7,600	7,000	6,700	6,100	5,900	5,600	5,700	5,100	5,100	5,100	5,000	4,800	4,700	2,700	4,700	2,700
Property Plant Equipment	0	0	0	11,706	11,093	11,033	10,183	9,773	9,764	9,722	9,823	9,896	11,876	12,033	10,024	9,955	10,058	10,531	8,993	9,012	10,855	10,698	8,727	11,339	8,120	8,221	8,458	8,557	8,675	12,009	11,945	12,143	12,453	13,185	13,329	13,319	13,571	13,875	14,590	14,775	14,329	14,663	10,998	11,191	10,237	10,401	10,491	10,618	10,563	10,393	10,328	10,232	10,366	10,470	10,608	10,721	10,729	10,628	10,734	10,874	11,070	11,204	11,470	11,664	11,841	12,016	12,206	12,340	12,545	12,702	12,775	12,777	12,757	12,808	12,609	12,752	12,837	12,104	11,738	11,682	10,166	10,094	10,133	9,950	9,558	9,938	9,783	9,907	10,025	10,132	10,273	10,419	10,626	10,324	8,388	8,394	8,521	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	200,158	197,984	198,394	195,320	195,718	199,091	196,941	191,541	191,645	188,229	188,693	188,580	190,462	189,547	190,901	186,733	188,099	184,120	184,016	180,272	180,637	193,624	193,445	189,194	189,189	185,893	185,331	181,546	181,873	178,224	178,998	175,170	175,132	171,353	171,996	167,764	167,253	163,287	163,181	158,863	158,575	154,171	153,578	149,061	148,378	144,162	143,383	139,036	138,374	133,945	132,638	128,129	127,218	123,161	122,612	118,615	117,670	113,901	113,087	109,307	108,743	105,356	104,843	101,228	100,518	97,810	97,440	94,576	94,182	91,123	90,690	87,723	87,407	84,610	84,060	80,954	80,770	77,735	76,861	73,850	73,023	70,063	68,997	66,086	65,157	62,525	61,666	58,952	58,021	55,917	55,319	53,410	53,239	51,629	51,309	49,566	49,236	47,400	47,000	45,200	51,900	50,200	49,800	48,100	47,800	46,200	45,800	44,200	43,700	42,200	41,900	40,300	17,900	38,400	16,700
Retained Earnings Total Equity	0	0	0	195,320	195,718	199,091	196,941	191,541	191,645	188,229	188,693	185,580	190,462	0	190,901	186,733	188,099	184,120	184,016	180,272	180,637	193,625	193,445	189,194	189,189	185,893	185,331	181,546	181,873	178,224	178,998	175,170	175,132	171,353	171,996	167,764	167,253	163,287	163,181	158,863	158,575	154,171	153,578	149,061	148,378	144,162	143,383	139,036	138,374	133,945	132,638	128,129	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	35,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	0	1,127	1,205	1,284	1,365	1,444	1,463	1,453	1,518	1,558	1,790	1,866	0	0	0	0	2,286	2,286	2,358	2,135	2,192	0	35,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	46	49	51	54	56	59	61	64	66	141	71	73	76	78	83	357	623	572	431	297	2,214	374	77	135	92	521	178	748	587	321	668	203	470	362	133	270	10,198	10,514	10,177	10,500	600	8,600	100	200	200	500	300	500	500	1,400	500	600	1,500	1,100	0	200	0
Short Term Debt	0	346	351	353	356	360	333	307	307	293	356	359	10,198	10,198	0	0	0	0	0	0	0	0	35,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10,198	514	177	10,500	0	0	0	200	200	500	300	500	500	1,400	500	600	1,500	1,100	0	200	0
Short Term Investments	0	618,601	591,552	614,178	651,047	656,852	657,410	682,251	699,354	686,080	641,486	617,756	571,359	546,742	487,351	489,926	439,019	435,263	334,150	396,347	404,645	425,010	448,485	467,505	337,211	331,387	309,323	308,435	304,376	304,282	291,277	303,242	270,094	236,131	211,232	218,524	238,496	222,844	205,020	195,407	190,401	183,668	193,639	207,362	192,954	191,504	198,079	189,768	198,346	174,918	180,126	190,674	190,844	69,400	154,980	161,691	161,543	32,730	169,457	169,768	166,007	29,656	151,592	159,845	161,302	29,687	160,355	161,293	0	19,617	0	0	0	10,279	0	0	0	22,463	0	0	0	36,220	0	0	0	20,542	0	0	0	16,590	0	0	0	42,669	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	1,689,206	1,659,581	1,591,902	1,625,541	1,654,277	1,677,551	1,698,946	1,729,588	1,721,504	1,702,175	1,644,031	1,661,652	1,568,210	1,519,671	1,435,498	1,433,750	1,318,976	1,321,837	1,272,721	1,269,517	1,258,003	1,256,032	1,258,289	1,267,477	1,270,528	1,256,757	1,232,483	1,259,354	1,243,126	1,233,942	1,203,181	1,210,299	1,207,871	1,199,739	1,144,125	1,148,271	1,164,845	1,154,731	1,116,259	1,128,479	1,123,110	1,110,630	1,077,403	1,091,086	1,098,503	1,104,361	1,080,972	1,088,268	1,083,842	1,067,102	1,042,122	1,034,857	1,026,663	1,022,238	982,447	994,875	992,944	982,367	965,888	984,762	979,787	935,374	902,283	894,912	911,721	887,647	859,915	877,098	881,915	868,203	844,997	843,407	847,956	841,498	828,907	819,574	816,988	796,154	782,613	788,429	708,142	708,560	699,565	707,381	699,742	684,935	667,646	649,823	641,297	644,623	644,210	648,521	650,314	593,497	498,897	491,541	486,344	472,100	462,700	445,400	452,300	445,200	430,600	425,500	405,100	402,900	400,200	393,900	392,900	388,800	389,400	387,700	210,600	381,000	206,700
Total Current Assets	127,661	100,566	651,174	689,952	711,715	734,282	753,655	699,555	825,062	829,973	986,874	1,028,152	981,048	957,048	932,275	928,021	864,051	871,807	921,379	856,179	836,490	816,528	795,216	785,342	796,406	784,087	779,041	805,727	790,543	779,884	759,094	753,869	778,158	796,336	762,698	758,480	754,262	754,082	731,845	752,873	749,854	744,729	701,833	699,164	720,673	732,540	701,026	731,513	725,377	727,336	702,790	686,551	681,407	684,318	677,565	677,486	682,770	661,696	640,014	654,437	654,785	645,452	598,116	579,657	607,834	587,450	551,812	566,396	565,673	554,036	549,222	546,409	542,542	539,036	534,958	529,756	523,983	516,418	497,469	500,974	441,461	458,354	446,708	456,436	451,765	444,791	646,713	628,528	619,644	622,625	621,833	625,759	44,421	29,758	31,620	27,563	23,181	26,500	23,200	16,100	31,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Current Liabilities	1,124,834	1,319,031	551	260	314	106	40	46	51	48	46	48	49	56	86	117	137	144	133	145	140	89	165	51	55	62	51	43	45	55	636,241	630,916	607,643	-876	625,755	626,941	622,171	-853	595,801	593,400	589,048	-905	590,664	588,061	574,958	-953	591,461	586,223	584,564	-952	-965	-999	-977	-945	-975	-1,002	-1,052	-1,062	-1,119	-1,090	-1,069	-1,123	-1,113	-1,105	-1,113	-1,119	-1,104	-1,114	842	863	806	688	724	725	630	588	557	483	483	484	471	489	516	574	627	700	706	773	910	1,101	1,330	1,560	1,408	1,538	10,959	426,600	421,700	11,200	700	600	700	800	900	1,300	1,000	1,200	1,200	2,100	1,200	1,300	2,200	1,800	300	900	200
Total Liab	1,549,816	1,519,059	551	260	1,523,234	1,554,864	1,586,759	1,593,348	1,560,215	1,510,424	1,453,178	1,467,417	1,379,141	1,319,064	1,233,304	1,237,969	1,127,417	1,138,111	1,084,733	1,085,669	1,076,775	1,065,794	1,070,132	1,081,626	1,084,991	1,071,861	1,044,822	1,075,068	1,060,139	1,055,679	1,019,037	1,030,371	1,028,635	1,027,625	969,733	980,701	992,123	988,428	953,437	971,683	969,693	964,738	931,109	945,548	945,143	954,252	930,574	941,581	939,050	925,803	900,302	898,549	892,998	893,051	849,833	867,050	866,440	860,291	844,417	869,783	866,231	825,266	792,810	787,558	802,764	782,847	757,146	778,424	782,092	771,448	747,194	750,234	753,696	749,559	736,237	729,753	728,195	709,066	695,343	706,999	623,388	627,919	620,297	628,910	624,016	611,834	594,634	580,345	573,894	579,362	578,560	585,551	587,439	533,663	441,328	436,587	431,693	419,400	411,600	395,500	393,000	386,700	372,200	369,800	349,700	348,900	346,700	342,400	342,000	339,000	338,900	339,100	187,400	332,800	184,400
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	139,390	140,522	116,113	128,444	131,043	122,687	112,187	136,240	161,289	191,751	190,853	194,235	189,069	200,607	202,194	195,781	191,559	183,726	187,988	183,848	181,228	190,238	188,157	185,851	185,537	184,896	187,661	184,286	182,987	178,263	184,144	179,928	179,236	172,114	174,392	167,570	172,722	166,303	162,822	156,796	153,417	145,892	146,294	145,538	153,360	150,109	150,398	146,687	144,792	141,299	141,820	136,308	133,665	129,187	132,614	127,825	126,504	122,076	121,471	114,979	113,556	110,108	109,473	107,354	108,957	104,800	102,769	98,674	99,823	96,755	97,803	93,173	94,260	91,939	92,670	89,821	88,793	87,088	87,270	81,430	84,754	80,641	79,268	78,471	75,726	73,101	73,012	69,478	67,403	65,261	65,650	62,970	62,875	59,834	57,569	54,954	54,651	52,700	51,100	49,900	59,300	58,500	58,400	55,700	55,400	54,000	53,500	51,500	50,900	49,800	50,500	48,600	23,200	48,200	22,300
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Begin Period Cash Flow	71,429	138,789	13,147	10,290	12,882	12,926	13,974	12,152	12,894	13,283	14,783	11,897	9,858	12,894	16,316	16,324	15,283	20,115	12,493	11,733	12,316	12,293	11,130	13,311	14,400	12,400	9,989	10,055	6,648
Capital Expenditures	1,492	1,258	323	1,824	1,032	1,191	261	634	663	459	276	769	725	728	330	185	321	881	1,748	2,963	1,527	805	921	2,839	2,800	1,800	1,304	882	284
Cash And Cash Equivalents Changes	0	-67,360	-4,379	0	-2,592	-44	-1,048	1,822	-742	-389	-1,500	2,886	2,039	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	271	1,686	0	-1,331	3,375	-856	-64	846	-445	1,958	-73	1,623	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	15,174	-67,360	-4,379	2,857	-2,592	-44	-1,048	1,822	-742	-389	-1,500	2,886	2,039	-3,036	-3,422	-8	1,041	-4,832	7,622	760	-583	23	1,163	-2,181	-1,100	2,000	2,446	25	-1,243
Change In Working Capital	-3,477	1,162	1,062	-760	2,055	3,454	-2,466	94	1,350	-825	2,199	-229	-3,973	-108	-2,865	-735	205	-1,168	-1,275	7,996	-513	178	163	-83	1,900	-2,800	87	67	64
Change Receivables	0	-897	-76	0	875	137	-37	509	-21	201	298	57	-288	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-312	-897	-76	-743	875	137	-37	509	-21	201	298	57	-288	234	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	429	436	0	985	1,520	0	0	0	222	0	588	0	1,003	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	2,083	-523	0	2,520	431	108	-42	951	-452	36	-242	-4,186	0	0	0	0	138	242	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	245	-911	-2,232	-1,649	-1,193	-3,244	1,041	1,055	2,175	2,393	3,152	3,369	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	2,059	1,138	-17	1,180	3,330	-2,429	396	1,510	-1,026	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	754	609	636	708	739	816	873	1,058	1,748	1,807	1,804	1,847	1,882	1,969	1,999	2,334	2,388	2,384	2,529	2,255	2,237	2,323	2,387	1,376	1,400	1,000	707	638	506
Dividends Paid	-14,784	8,950	8,806	9,000	9,032	8,419	8,141	8,071	7,930	7,853	7,781	7,639	6,938	6,309	5,823	5,543	5,298	5,108	4,991	4,504	3,971	3,406	3,020	2,987	2,800	2,800	2,579	2,807	1,080
End Period Cash Flow	86,603	71,429	8,768	13,147	10,290	12,882	12,926	13,974	12,152	12,894	13,283	14,783	11,897	9,858	12,894	16,316	16,324	15,283	20,115	12,493	11,733	12,316	12,293	11,130	13,300	14,400	12,435	10,080	5,405
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	14,330	28,242	22,559	11,969	17,800	18,584	10,733	16,899	19,866	19,879	24,174	21,943	18,731	17,837	14,544	15,679	15,207	13,240	13,713	20,371	13,266	13,439	9,096	6,852	8,600	3,400	6,269	7,086	3,680
Investments	61,541	-108,854	-217,446	-177,604	-34,007	32,843	5,486	-4,674	-32,796	-22,182	-23,198	-32,487	-27,092	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	15,691	25,932	20,382	16,077	17,466	16,151	14,092	14,942	15,833	16,914	17,790	17,747	17,638	15,569	14,319	13,593	12,675	12,632	12,424	12,230	11,442	10,014	7,314	7,309	7,100	6,800	6,560	6,117	3,256
Other Cashflows From Financing Activities	-38,753	48,138	197,444	177,390	67,811	-7,792	16,292	24,583	36,604	22,450	13,270	27,552	34,842	32,471	34,318	41,022	10,922	17,982	17,188	20,854	17,184	32,198	42,220	115,079	27,000	37,600	10,141	4,737	11,747
Other Cashflows From Investing Activities	0	-19,598	15,224	-29	-26,639	-35,260	-25,418	-26,915	-16,486	-12,683	-7,965	-6,483	-17,504	2,393	460	0	387	0	0	1,254	0	0	0	0	0	0	0	0	0
Other Non Cash Items	2,062	1,906	-270	-5,174	-1,437	-25	-4,711	194	-247	498	961	-187	334	63	309	1,119	423	49	1,570	1,039	1,917	2,626	323	1,351	1,200	400	-92	1,098	203
Sale Purchase Of Stock	-2,614	-6,338	-13,354	-1,722	-18,525	0	0	0	173	58	0	119	92	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	42	400	920	2,660	-520	-239	200	150	200	100	275	370	2,993	1,384	2,169	-137	-19	-25	144	-168	-90	-346	-4	-9	0	-100	11	52	67
Total Cash From Financing Activities	-53,537	32,850	175,284	166,668	40,254	-16,211	8,151	16,512	28,674	14,597	5,489	19,913	27,904	26,162	28,441	35,469	5,615	12,590	12,197	16,188	12,600	28,792	39,133	101,902	24,200	34,800	7,562	1,930	-43
Total Cash From Operating Activities	15,822	29,500	22,882	13,793	18,832	19,775	10,994	17,533	20,529	20,338	24,450	22,712	19,456	18,565	14,874	15,864	15,528	14,121	15,461	23,334	14,793	14,244	10,017	9,691	11,400	5,200	7,573	7,968	3,964
Total Cashflows From Investing Activities	0	-129,710	-202,545	-177,604	-61,678	-3,608	-20,193	-32,223	-49,945	-35,324	-31,439	-39,739	-45,321	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	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	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	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	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	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30
Begin Period Cash Flow	86,603	53,442	70,056	54,661	71,429	10,957	11,798	12,247	8,768	11,728	13,813	12,677	13,147	10,593	13,315	12,404	10,290	14,206	17,170	15,332	12,882	11,533	12,530	10,598	12,926	12,066	12,936	13,654	13,974	11,302	14,320	9,913	12,152	12,446	11,353	12,452	12,894	12,815	15,917	14,723	13,283	13,806	13,474	10,674	14,783	12,445	13,140	12,241	11,897	12,530	13,113	11,800	9,858	12,540	12,609	11,744	12,894	11,891	15,039	13,603	16,316	16,511	20,404	18,742	16,324	12,058	16,937	13,626	15,283	14,598	19,037	18,270	20,115	17,114	15,078	14,043	12,493	16,206	16,973	10,994	11,733	13,045	15,047	13,618	12,316	15,267	11,632	10,716	12,293	12,885	12,410	12,133	11,130	9,301	13,116	13,053	13,311	11,900	12,200	13,800	14,400	0	0	300	0	80	1,870	980	0	2,790	1,780	0	0	1,890	0
Capital Expenditures	0	228	253	788	223	352	557	153	196	51	86	102	84	192	247	70	1,315	139	174	364	355	90	154	845	102	54	103	78	26	301	241	78	14	83	451	71	58	330	129	38	196	106	15	161	24	102	61	244	362	261	288	71	105	80	109	215	324	113	85	31	101	186	92	20	74	62	119	50	90	166	240	282	193	396	199	172	981	2,276	1,369	1,753	303	196	437	613	281	392	139	130	144	117	136	75	593	2,201	251	122	265	400	1,000	900	500	820	400	470	80	820	130	160	190	290	360	20	210	170	110
Cash And Cash Equivalents Changes	0	0	0	15,395	-16,768	-69,549	-841	-449	3,479	-2,960	-2,085	1,136	-470	0	-2,722	911	2,114	-3,916	-2,964	1,838	2,450	1,349	-997	1,932	-2,328	860	-870	-718	-320	2,672	-3,018	4,407	-2,239	-294	1,093	-1,099	-442	79	-3,102	1,194	1,440	-523	332	2,800	-4,109	2,338	-695	899	344	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	1,359	193	188	824	-1,220	479	373	903	-956	1,366	0	699	-1,476	629	-1,756	187	-506	744	2,588	516	-582	853	730	903	-927	-1,562	582	653	-1,709	410	103	977	-1,091	857	-268	1,167	-698	-646	951	-174	1,071	110	164	203	-500	60	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	0	33,161	-16,614	15,395	-16,768	60,472	-841	-449	3,479	-2,960	-2,085	1,136	-470	2,554	-2,722	911	2,114	-3,916	-2,964	1,838	2,450	1,349	-997	1,932	-2,328	860	-870	-718	-320	2,672	-3,018	4,407	-2,239	-294	1,093	-1,099	-442	79	-3,102	1,194	1,440	-523	332	2,800	-4,109	2,338	-695	899	344	-633	-583	1,313	1,942	-2,682	-69	865	-1,150	1,003	-3,148	1,436	-2,713	-195	-3,893	1,662	2,418	4,266	-4,879	3,311	-1,657	685	-4,439	767	-1,845	3,001	2,036	1,035	1,550	-3,713	-767	5,979	-739	-1,312	-2,002	1,429	1,302	-2,951	3,635	916	-1,577	-592	475	277	1,003	1,829	-3,815	63	-258	1,400	-300	-1,600	-600	4,710	-1,630	-1,390	300	-480	80	1,870	980	-4,010	2,790	1,780	-630	-2,640	1,890
Change In Working Capital	221,292	-1,800	-462	-2,376	-370	1,573	1,051	-2,237	775	-87	793	-744	1,100	195	389	-2,850	1,506	223	1,746	-938	1,024	2,594	191	31	638	-1,554	1,027	-1,784	-155	-99	1,124	-2,867	1,936	-287	2,389	-1,831	1,079	-1,177	1,156	-2,380	1,576	-1,229	1,968	-2,029	3,489	695	-1,327	-1,711	2,114	-3,587	19	-1,230	825	1,883	1,090	-2,646	-435	-1,848	1,117	-2,153	19	1,893	1,190	-4,294	476	332	974	-1,265	164	-1,036	600	-688	-44	-990	1,569	-1,801	-53	3,383	1,755	2,071	787	-162	1,315	-870	-796	430	786	-1,598	560	1,439	-445	-456	-375	384	1,055	-1,514	-8	400	-100	-800	2,400	100	100	-100	0	0	0	0	0	0	0	-400	400	-500	0
Change Receivables	0	0	0	289	-6	-179	-316	-73	-329	57	114	92	-339	0	-441	-517	5	-52	959	209	-241	429	-189	-40	-63	-174	16	128	-7	-122	121	328	182	-110	198	-351	242	-40	90	95	56	95	247	-413	369	44	-18	-98	129	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	0	-133	-462	289	-6	-179	-316	-73	-329	57	114	92	-339	210	-441	-517	5	-52	959	209	-241	429	-189	-40	-63	-174	16	128	-7	-122	121	328	182	-110	198	-351	242	-40	90	95	56	95	247	-413	369	44	-18	-98	129	55	-104	259	-498	234	23	163	64	0	0	0	0	0	0	0	8	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	0	0	0	-59	0	0	0	0	0	0	0	0	0	0	0	0	0	0	302	429	111	64	0	436	394	77	618	0	0	0	0	985	551	893	1,276	1,520	2,179	846	2,483	0	0	1,228	1,252	0	1,352	2,212	2,460	0	0	0	0	222	0	0	0	0	125	0	0	588	430	0	0	0	0	0	0	1,003	807	0	813	0	157	416	403	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	0	-1,717	-564	1,809	593	-944	625	-512	-230	120	99	0	131	-873	876	2,024	611	-641	526	-398	111	794	-76	-504	138	-948	1,422	-305	396	-1,490	1,357	-252	658	-621	1,166	-264	294	-1,387	905	-89	584	-997	538	37	48	-1,115	788	0	0	0	3	0	0	20	56	0	0	0	0	0	0	0	8	0	0	0	0	138	81	0	0	242	147	105	74	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	0	-227	-237	-344	497	-419	511	-540	-648	426	723	-1,679	-1,402	490	-645	1,131	-1,821	-396	-563	-1,851	92	-718	1,284	-3,415	-50	435	-214	293	270	-147	621	1,802	-444	443	-746	836	-142	162	1,319	-622	1,562	-1,439	2,892	1,025	-822	1,025	1,924	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	0	-2,665	-2,665	1,752	1,367	-2,164	1,104	-144	679	-836	1,439	-15	830	-2,333	1,501	275	787	-1,147	1,265	2,165	380	71	701	-2,429	1,011	-1,912	-1,570	396	606	-1,705	397	1,510	0	0	0	-1,026	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	210	206	175	163	160	151	144	154	152	159	161	164	179	178	175	176	187	194	185	173	184	196	221	215	216	214	208	235	244	243	268	303	380	454	454	460	459	455	447	446	449	451	445	459	464	457	463	463	468	458	476	480	486	495	494	494	490	496	500	513	763	392	583	596	597	602	603	586	573	612	608	591	625	614	652	638	629	628	529	469	452	489	708	588	574	576	562	611	607	645	611	524	405	323	322	326	300	400	300	400	250	250	230	220	280	130	160	140	270	100	130	140	160	170
Dividends Paid	0	-4,595	5,890	4,299	5,890	4,631	5	4,324	4,324	4,487	4,487	4,319	4,319	4,652	4,652	4,348	4,673	4,673	0	4,359	4,383	4,383	4,383	4,036	4,244	4,244	3,897	3,897	4,244	4,244	1	3,827	4,244	4,244	3,686	3,686	4,032	4,032	3,821	3,821	4,029	4,029	3,752	3,752	3,961	3,961	3,678	3,678	3,609	3,609	3,329	3,329	3,258	3,258	3,051	3,051	2,980	2,980	2,843	2,843	2,841	2,841	2,702	2,702	2,714	2,714	2,584	2,584	0	2,584	2,524	2,524	0	2,527	2,464	2,464	0	2,288	2,216	2,216	0	2,074	0	0	1,792	1,792	2	0	0	1,509	1	0	0	1,510	0	0	0	1,400	0	0	0	1,440	0	1,370	0	1,330	0	1,250	0	1,730	0	1,080	0	1,070	0
End Period Cash Flow	86,603	86,603	53,442	70,056	54,661	71,429	10,957	11,798	12,247	8,768	11,728	13,813	12,677	13,147	10,593	13,315	12,404	10,290	14,206	17,170	15,332	12,882	11,533	12,530	10,598	12,926	12,066	12,936	13,654	13,974	11,302	14,320	9,913	12,152	12,446	11,353	12,452	12,894	12,815	15,917	14,723	13,283	13,806	13,474	10,674	14,783	12,445	13,140	12,241	11,897	12,530	13,113	11,800	9,858	12,540	12,609	11,744	12,894	11,891	15,039	13,603	16,316	16,511	20,404	18,742	16,324	12,058	16,937	13,626	15,283	14,598	19,037	18,270	20,115	17,114	15,078	14,043	12,493	16,206	16,973	10,994	11,733	13,045	15,047	13,618	12,316	15,267	11,632	10,716	12,293	12,885	12,410	12,133	11,130	9,301	13,116	13,053	13,300	11,900	12,200	13,800	4,710	-1,630	-1,390	300	-480	80	1,870	980	-4,010	2,790	1,780	-630	-2,640	1,890
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	0	2,273	4,695	3,263	4,110	10,877	7,666	3,210	6,489	5,152	6,384	4,354	6,669	3,451	3,481	1,139	3,898	6,332	4,230	2,497	4,741	5,440	4,836	2,886	5,422	-99	4,916	2,402	3,514	3,880	5,292	1,063	6,664	5,426	5,620	2,904	5,916	4,560	6,033	2,760	6,526	5,341	7,247	2,979	8,607	6,373	4,160	4,115	7,295	2,910	5,408	4,238	6,175	4,730	6,315	2,519	4,273	2,525	5,728	2,049	4,242	6,330	5,652	-114	3,996	4,240	4,885	2,323	3,759	2,812	4,137	2,873	3,418	3,568	5,223	2,110	2,812	4,803	6,762	4,575	4,231	3,527	4,014	3,094	2,631	3,566	3,486	2,520	3,867	3,119	2,605	1,843	1,529	506	3,190	897	2,259	2,200	1,500	700	4,200	-1,060	2,070	-40	2,510	1,580	1,720	1,160	1,810	2,760	2,310	1,520	500	1,780	700
Investments	0	-3,407	470	31,165	21,442	-69,138	3,608	-4,215	-39,109	-96,462	-7,502	-53,236	-55,030	-78,276	5,334	-45,452	6,015	-45,818	-12,587	5,116	19,282	13,543	16,560	34,468	-31,728	-19,740	29,692	-1,629	-2,837	-18,783	7,308	27,216	-20,415	-64,065	5,481	16,556	9,232	-24,972	12,139	4,939	-14,288	-29,447	10,975	15,698	-20,424	-24,559	14,479	715	-23,122	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-35,000	35,000	35,000	35,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	2,174	4,185	3,074	3,901	4,531	9,310	6,162	5,574	4,886	5,251	5,752	4,613	4,766	4,948	4,168	2,982	3,979	4,777	4,252	3,994	4,443	4,563	4,251	4,041	3,296	3,088	3,785	3,570	3,649	3,470	3,828	3,865	3,779	3,558	4,199	4,110	3,966	4,138	4,263	4,109	4,404	4,622	4,517	4,435	4,216	4,685	4,293	4,340	4,429	4,889	4,509	4,216	4,024	3,807	3,997	3,996	3,769	3,795	3,780	3,357	3,387	3,328	3,615	3,469	3,181	3,223	3,196	3,140	3,116	3,201	3,201	3,227	3,003	3,225	3,054	3,152	2,993	3,119	3,215	2,936	2,960	3,098	2,911	2,801	2,632	2,651	2,712	2,547	2,104	2,107	1,910	1,681	1,616	1,837	1,751	1,869	1,852	1,800	1,800	1,800	1,700	1,820	1,670	1,700	1,610	1,740	1,620	1,670	1,530	1,560	1,570	1,590	1,400	1,280	1,380
Other Cashflows From Financing Activities	0	38,972	-16,142	-24,420	-31,273	-27,924	-7,172	34,078	49,166	61,853	-16,890	86,717	61,445	81,839	-6,026	107,077	-11,570	33,201	-1,770	5,233	8,263	-5,234	-11,605	-8,195	13,206	27,761	-30,384	11,980	3,038	33,434	-11,730	-601	-347	56,375	-11,591	-14,395	2,529	33,505	-18,482	-444	4,050	36,538	-15,023	-2,350	-9,647	22,443	-10,996	-32	12,459	25,128	2,048	2,989	1,348	42,727	-17,481	-1,182	5,356	16,238	-25,989	1,245	39,981	31,891	4,873	-16,733	18,289	26,202	-21,758	-5,628	9,517	21,701	-4,037	-5,570	3,359	13,053	6,290	-22,741	18,122	13,773	-12,413	22,632	-5,458	7,699	-8,506	3,549	11,932	16,854	13,811	5,527	-5,606	873	-7,047	-3,004	49,958	83,148	4,170	4,343	11,751	10,100	16,000	-5,900	5,400	15,180	2,410	20,410	-440	2,520	3,880	890	2,850	-2,000	-340	-660	7,740	-4,670	2,250
Other Cashflows From Investing Activities	0	0	0	9,686	-5,157	23,881	-4,142	-27,792	-11,545	32,253	18,654	-4,989	434	434	-5,511	-61,853	3,771	-11,483	7,691	-11,008	-11,839	-8,017	-10,788	-27,227	10,772	-2,818	-5,094	-13,471	-4,035	-11,615	-3,888	-23,257	11,845	6,794	1,132	-6,235	-18,177	-8,982	-2,770	-5,829	4,898	-8,926	-2,867	-13,527	17,355	2,042	-8,338	-3,899	3,712	0	1,318	1,029	295	2,393	563	484	210	460	269	267	30	0	65	49	69	387	386	448	257	0	108	76	39	0	656	557	203	1,254	1,144	246	195	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-2,174	-865	1,668	2,351	9	295	859	-118	870	-549	-234	426	723	-2,134	-1,007	902	-448	1,292	-1,788	-380	-544	791	352	-562	1,375	-4,379	-7	486	-189	146	338	-125	660	652	-971	242	469	884	288	584	100	1,366	296	289	467	631	798	1,267	651	1,401	710	847	951	-1,366	842	890	769	201	420	376	424	415	547	148	-183	294	232	-105	-17	240	-36	8	61	1,104	185	279	215	-52	-205	792	318	335	-264	1,068	488	303	-449	1,139	736	-917	631	82	357	81	312	342	354	100	400	300	200	-2,200	450	-1,470	760	-50	100	-510	460	1,800	270	-30	-1,230	1,010	-620
Sale Purchase Of Stock	0	0	0	0	0	-2,614	-796	-1,406	-1,522	-1,269	-2,731	-5,363	-3,991	-1,722	0	0	0	18,525	-528	0	-17,997	0	0	0	0	0	0	0	0	0	0	0	0	46	35	92	0	0	58	0	0	0	0	0	0	60	59	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	0	21	16	0	0	400	0	0	0	360	0	0	0	300	0	0	0	300	0	0	0	300	0	0	0	200	0	0	0	150	0	0	0	200	0	0	0	100	0	0	0	275	0	0	0	370	0	0	0	-582	0	0	0	312	0	0	0	1,057	0	0	0	55	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-100	0	100	0	0	0	0	0	0	0	400	0	0	0
Total Cash From Financing Activities	0	34,377	-22,032	-28,719	-37,163	-35,169	-7,973	28,348	47,644	56,097	-19,621	81,354	57,454	77,187	-6,026	107,077	-11,570	47,053	-2,298	5,233	-9,734	-9,617	-11,605	-8,195	13,206	23,517	-30,384	11,980	3,038	29,190	-11,730	-601	-347	52,131	-11,591	-14,395	2,529	29,473	-18,482	-444	4,050	32,509	-15,023	-2,350	-9,647	18,482	-10,996	-32	12,459	21,519	2,048	2,989	1,348	39,469	-17,481	-1,182	5,356	13,212	-25,992	1,243	39,978	29,048	4,870	-16,735	18,286	23,486	-21,758	-5,628	9,515	19,117	-4,037	-5,575	3,085	10,526	6,290	-22,741	18,122	11,485	-12,413	22,632	-5,516	5,625	-8,506	3,549	11,932	15,062	13,809	5,527	-5,606	-636	-7,048	-3,004	49,821	81,638	4,170	4,343	11,751	8,700	16,000	-5,900	5,400	13,740	2,410	19,040	-440	1,190	3,880	-360	2,850	-3,730	-340	-1,740	7,740	-5,740	2,250
Total Cash From Operating Activities	0	2,501	4,948	4,051	4,333	11,229	8,223	3,363	6,685	5,203	6,470	4,456	6,753	3,643	3,728	1,209	5,213	6,471	4,404	2,861	5,096	5,530	4,990	3,731	5,524	-45	5,019	2,480	3,540	4,181	5,533	1,141	6,678	5,509	6,071	2,975	5,974	4,890	6,162	2,760	6,526	5,447	7,232	3,140	8,631	6,475	4,221	4,359	7,657	3,171	5,696	4,309	6,280	4,810	6,424	2,734	4,597	2,638	5,813	2,080	4,343	6,144	5,744	-94	4,070	4,302	5,004	2,373	3,849	2,978	4,377	3,155	3,611	3,964	5,422	2,282	3,793	7,079	5,393	6,328	4,534	3,723	4,451	3,707	2,912	3,958	3,625	2,650	4,011	3,236	2,741	1,918	2,122	2,707	3,441	1,019	2,524	2,600	2,500	1,600	4,700	-240	2,470	430	2,590	2,400	1,850	1,320	2,000	3,050	2,670	1,540	710	1,950	810
Total Cashflows From Investing Activities	0	0	0	40,063	16,062	-45,609	-1,091	-32,160	-50,850	-64,260	11,066	-84,674	-64,677	-78,276	-424	-107,375	8,471	-57,440	-5,070	-6,256	7,088	5,436	5,618	6,396	-21,058	-22,612	24,495	-15,178	-6,898	-30,699	3,179	3,867	-8,570	-57,934	6,613	10,321	-8,945	-34,284	9,218	-1,122	-9,136	-38,479	8,123	2,010	-3,093	-22,619	6,080	-3,428	-19,772	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,420	0	0	0	0	0	0	0	0	1,129	0	0	0	0	243	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Cost Of Revenue	2,415	3,034	3,554	3,836	3,872	3,891	4,431	4,042	3,595	3,709	3,519	3,100	3,138	3,150	3,135	4,399	3,926	18,613	14,747	12,314	13,943	18,015	24,179	19,492	0	0	0	0	0
Depreciation And Amortization	754	609	636	708	739	50	68	257	999	1,075	1,078	1,083	1,083	1,083	1,093	2,334	2,388	2,384	2,529	2,255	2,237	2,323	2,387	1,376	1,400	1,000	707	638	506
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	0	34,846	24,633	19,154	20,677	24,524	25,315	23,861	25,505	27,723	29,788	31,643	32,868	31,836	34,710	36,056	38,150	34,984	30,528	27,109	26,930	28,781	32,370	28,235	23,900	23,300	22,165	21,494	10,986
Ebitda	754	35,455	25,269	19,862	21,416	24,574	25,383	24,118	26,504	28,798	30,866	32,726	33,951	32,919	35,803	38,390	40,538	37,368	33,057	29,364	29,167	31,104	34,757	29,611	25,300	24,300	22,872	22,132	11,492
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	-1,560	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	65,777	56,393	46,761	42,279	42,685	42,015	40,335	39,872	41,930	41,948	42,943	43,980	46,034	43,178	40,331	35,981	33,858	38,139	38,813	37,509	35,015	32,695	27,960	24,277	22,900	21,100	3,269	3,024	2,052
Income Before Tax	18,675	31,763	24,633	19,154	20,677	18,711	20,385	18,894	20,573	22,092	23,107	22,992	22,885	19,792	17,979	17,238	16,405	16,420	16,348	15,984	14,678	13,017	9,599	10,072	9,700	9,400	9,059	8,458	4,290
Income Tax Expense	2,984	5,831	4,251	3,077	3,211	2,560	6,293	3,952	4,740	5,178	5,317	5,245	5,247	4,223	3,660	3,645	3,730	3,788	3,924	3,754	3,236	3,003	2,285	2,763	2,600	2,600	2,499	2,341	1,034
Interest Expense	300	3,083	3,098	5,837	7,380	5,047	4,125	4,166	4,183	4,899	5,955	7,887	9,184	11,158	15,825	18,818	21,745	18,564	14,180	11,125	12,252	15,764	22,771	18,163	14,200	13,900	13,106	13,036	6,696
Interest Income	57,302	50,109	44,987	44,008	45,147	43,224	41,260	40,930	42,914	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	15,691	25,932	20,382	16,077	17,466	16,151	14,092	14,942	15,833	16,914	17,790	17,747	17,638	15,569	14,319	13,593	12,675	12,632	12,424	12,230	11,442	10,014	7,314	7,309	7,100	6,800	6,560	6,117	3,256
Net Income Applicable To Common Shares	0	25,932	20,382	16,077	17,466	16,151	14,092	14,942	15,833	16,914	17,790	17,747	17,638	15,569	14,319	13,593	12,675	12,632	12,424	12,230	11,442	10,014	7,314	7,309	0	0	0	0	0
Net Income From Continuing Ops	20,816	25,932	20,382	16,077	17,466	21,271	14,092	14,942	15,833	16,914	17,790	17,747	17,638	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	41,757	47,026	41,889	38,171	37,767	38,177	37,135	36,764	38,731	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	59,692	34,846	24,633	19,154	20,677	23,758	25,315	23,861	25,505	27,723	29,788	31,643	32,868	31,836	34,710	36,056	38,150	34,984	30,528	27,109	26,930	28,781	32,370	28,235	23,900	23,300	22,165	21,494	10,986
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	49,517	3,034	-25,682	-26,961	25,880	22,148	4,431	4,042	3,595	3,709	3,519	3,100	3,138	3,150	3,135	4,399	3,926	3,155	8,285	10,400	8,085	3,914	4,410	3,958	1,000	2,200	18,896	18,470	8,934
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	704	609	636	708	739	816	873	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	18,067	16,996	16,169	14,793	15,465	14,865	14,110	13,268	13,068	12,224	12,532	12,480	16,220	18,992	14,828	11,168	10,773	11,466	11,265	10,498	9,568	8,912	8,085	6,360	6,000	5,800	5,398	5,278	3,074
Tax Provision	4,299	5,831	4,251	3,077	3,211	2,560	6,293	3,952	4,740	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	8,483	-21,547	-25,682	-26,961	-25,880	-22,148	-15,020	-16,011	-16,425	-14,225	-13,155	-12,337	-13,166	-11,342	-5,621	75	4,292	-3,155	-8,285	-10,400	-8,085	-3,914	4,410	3,958	1,000	2,200	18,896	18,470	8,934
Total Other Income Expense Net	18,675	-3,083	24,633	19,154	20,677	-5,047	-4,930	-4,967	-4,932	-5,631	-6,681	-8,651	-9,983	-12,044	-16,731	-18,818	-21,745	-18,564	-14,180	-11,125	-12,252	-15,764	-22,771	-18,163	-14,200	-13,900	-13,106	-13,036	-6,696
Total Revenue	68,192	59,427	50,315	46,115	46,557	45,906	44,766	43,914	45,525	45,657	46,462	47,080	49,172	46,328	43,466	40,380	37,784	38,139	38,813	37,509	35,015	32,695	27,960	24,277	22,900	21,100	3,269	3,024	2,052

	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	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	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	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	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30
Cost Of Revenue	0	0	684	635	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,402	1,468	1,487	609	461	1,222	1,512	1,087	1,518	1,310	1,717	1,271	2,311	1,187	1,406	1,288	1,623	1,503	1,996	1,418	1,542	1,691	1,903	2,350	2,396	2,714	3,122	2,789	2,930	2,925	3,099	3,179	3,803	3,436	3,702	3,626	3,944	4,181	4,552	4,782	5,005	4,475	4,950	5,507	5,811	5,561	5,383	5,413	5,270	4,707	4,381	4,255	4,105	3,985	3,424	3,233	3,267	3,197	2,963	2,887	3,092	3,275	3,658	3,918	4,295	4,302	4,506	4,912	5,260	6,072	6,517	6,330	5,785	4,881	4,587	4,239	0	0	0	0	3,580	3,590	3,460	3,300	3,340	3,320	3,250	3,200	3,260	3,240	3,250	3,280	3,320	3,340
Depreciation And Amortization	-3,363	210	206	175	163	160	151	144	154	152	159	161	164	179	178	175	176	187	194	185	173	13	12	12	12	12	13	12	31	39	40	68	110	192	269	269	269	268	269	269	269	269	269	269	271	271	270	271	271	468	271	271	271	486	270	271	271	490	271	500	513	763	392	583	596	597	602	603	586	573	612	608	591	625	614	652	638	629	628	529	469	452	489	708	588	574	576	562	611	607	645	611	524	405	323	322	326	300	400	300	400	250	250	230	220	280	130	160	140	270	100	130	140	160	170
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	2,692	-210	3,485	4,266	8,414	12,532	8,156	7,413	6,594	6,889	7,673	6,387	6,630	6,988	6,360	5,066	6,577	7,549	6,905	6,641	6,962	7,113	6,357	6,037	5,018	7,427	6,154	5,784	5,950	5,582	5,930	6,218	6,131	5,760	6,734	6,656	6,355	6,743	6,920	6,815	7,245	7,628	7,430	7,485	7,245	8,080	7,666	7,822	8,075	8,591	8,363	7,992	7,724	7,397	8,077	8,144	8,003	8,062	8,857	8,425	8,685	8,542	8,806	9,258	9,450	9,659	9,599	9,437	9,455	9,343	8,862	8,653	8,126	8,371	7,827	7,406	6,924	7,064	7,138	6,479	6,428	6,518	6,645	6,929	6,838	7,213	7,343	7,297	6,928	7,621	8,205	8,361	8,183	7,096	7,796	6,841	6,425	6,400	6,000	5,900	5,700	6,070	5,900	5,830	5,530	5,760	5,550	5,570	5,290	5,450	5,380	5,450	5,220	5,040	5,210
Ebitda	-671	0	3,691	4,441	8,577	12,692	8,307	7,557	6,748	7,041	7,832	6,548	6,794	7,167	6,538	5,241	6,753	7,736	7,099	6,826	7,135	7,126	6,369	6,049	5,030	7,439	6,167	5,796	5,981	5,621	5,970	6,286	6,241	5,952	7,003	6,925	6,624	7,011	7,189	7,084	7,514	7,897	7,699	7,754	7,516	8,351	7,936	8,093	8,346	9,059	8,634	8,263	7,995	7,883	8,347	8,415	8,274	8,552	9,128	8,925	9,198	9,305	9,198	9,841	10,046	10,256	10,201	10,040	10,041	9,916	9,474	9,261	8,717	8,996	8,441	8,058	7,562	7,693	7,766	7,008	6,897	6,970	7,134	7,637	7,426	7,787	7,919	7,859	7,539	8,228	8,850	8,972	8,707	7,501	8,119	7,163	6,751	6,700	6,400	6,200	6,100	6,320	6,150	6,060	5,750	6,040	5,680	5,730	5,430	5,720	5,480	5,580	5,360	5,200	5,380
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	18,220	17,765	10,071	11,373	13,145	18,812	14,542	13,387	12,686	13,021	12,929	12,004	12,361	12,277	11,214	10,897	11,727	11,967	11,521	11,235	11,834	11,417	11,614	11,449	11,423	11,568	11,162	10,977	11,059	10,740	10,904	11,135	11,135	11,362	11,339	11,490	11,376	11,324	11,406	11,438	11,489	11,747	11,630	11,585	11,443	11,892	12,409	12,447	12,149	12,509	12,424	12,219	12,020	11,814	11,662	11,620	11,232	11,632	10,952	10,609	10,273	10,474	10,422	9,884	9,600	9,531	9,376	9,584	9,293	9,465	9,583	9,687	9,404	9,525	9,559	9,969	9,760	9,731	9,802	9,039	8,937	9,060	8,944	8,644	8,367	8,308	8,459	8,231	7,697	7,526	7,063	6,793	6,578	6,408	6,012	5,974	5,883	6,000	5,900	5,700	5,500	1,950	1,720	1,840	1,650	1,710	1,580	1,680	1,440	1,600	1,280	1,410	980	1,360	980
Income Before Tax	2,692	5,064	3,691	4,441	5,479	11,504	7,554	6,766	5,939	6,351	6,954	5,553	5,775	5,965	4,940	3,468	4,781	5,741	5,040	4,727	5,169	5,366	4,928	4,683	3,734	6,195	4,932	4,540	4,718	4,361	4,708	4,955	4,870	4,536	5,540	5,420	5,077	5,410	5,587	5,342	5,753	6,108	5,860	5,761	5,378	6,071	5,543	5,612	5,766	6,414	5,894	5,441	5,136	4,794	5,126	5,071	4,801	4,799	4,756	4,151	4,273	4,141	4,611	4,443	4,043	4,142	4,157	4,067	4,039	4,082	4,171	4,279	3,888	4,276	4,011	4,180	3,881	4,101	4,234	3,820	3,829	3,840	3,805	3,673	3,360	3,458	3,560	3,337	2,662	2,728	2,510	2,176	2,185	2,576	2,390	2,567	2,539	2,500	2,500	2,500	2,300	2,490	2,310	2,370	2,220	2,420	2,230	2,320	2,090	2,200	2,130	2,200	1,930	1,730	1,870
Income Tax Expense	518	879	617	540	948	2,194	1,392	1,192	1,053	1,100	1,202	940	1,009	1,017	772	486	802	964	788	733	726	803	677	642	438	3,107	1,147	970	1,069	891	880	1,090	1,091	978	1,341	1,310	1,111	1,272	1,324	1,233	1,349	1,486	1,343	1,326	1,162	1,386	1,250	1,272	1,337	1,525	1,385	1,225	1,112	987	1,129	1,075	1,032	1,004	976	794	886	813	996	974	862	919	961	927	923	881	970	1,052	885	1,051	957	1,028	888	982	1,019	884	869	742	894	872	728	807	848	790	558	621	600	495	569	739	639	698	687	700	700	700	600	670	640	670	620	680	610	650	560	630	570	610	540	440	490
Interest Expense	0	7,033	6,039	5,380	3,098	1,028	753	647	655	690	719	834	855	1,023	1,420	1,598	1,796	1,808	1,865	1,914	1,793	1,576	1,245	1,145	1,081	1,028	1,021	1,048	1,028	1,016	1,019	1,063	1,068	1,036	1,009	1,051	1,087	1,142	1,147	1,295	1,315	1,340	1,388	1,548	1,679	1,816	1,936	2,018	2,117	2,177	2,282	2,346	2,379	2,603	2,726	2,850	2,979	3,263	3,876	4,274	4,412	4,401	4,195	4,815	5,407	5,517	5,442	5,370	5,416	5,261	4,691	4,374	4,238	4,095	3,816	3,226	3,043	2,963	2,904	2,659	2,599	2,678	2,840	3,256	3,478	3,755	3,783	3,960	4,266	4,893	5,695	6,185	5,998	5,453	4,550	4,274	3,886	3,900	3,500	3,400	3,400	3,580	3,590	3,460	3,300	3,340	3,320	3,250	3,200	3,260	3,240	3,250	3,280	3,320	3,340
Interest Income	0	15,513	14,679	14,597	14,044	13,982	13,155	11,922	11,050	11,552	11,656	10,897	10,882	11,162	10,708	10,750	11,388	11,428	11,288	11,293	11,138	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	2,174	4,185	3,074	3,901	4,531	9,310	6,162	5,574	4,886	5,251	5,752	4,613	4,766	4,948	4,168	2,982	3,979	4,777	4,252	3,994	4,443	4,563	4,251	4,041	3,296	3,088	3,785	3,570	3,649	3,470	3,828	3,865	3,779	3,558	4,199	4,110	3,966	4,138	4,263	4,109	4,404	4,622	4,517	4,435	4,216	4,685	4,293	4,340	4,429	4,889	4,509	4,216	4,024	3,807	3,997	3,996	3,769	3,795	3,780	3,357	3,387	3,328	3,615	3,469	3,181	3,223	3,196	3,140	3,116	3,201	3,201	3,227	3,003	3,225	3,054	3,152	2,993	3,119	3,215	2,936	2,960	3,098	2,911	2,801	2,632	2,651	2,712	2,547	2,104	2,107	1,910	1,681	1,616	904	2,607	1,869	1,852	1,800	1,800	1,800	1,700	1,820	1,670	1,700	1,610	1,740	1,620	1,670	1,530	1,560	1,570	1,590	1,400	1,280	1,380
Net Income Applicable To Common Shares	0	0	0	3,901	4,531	9,310	6,162	5,574	4,886	5,251	5,752	4,613	4,766	4,948	4,168	2,982	3,979	4,777	4,252	3,994	4,443	4,563	4,251	4,041	3,296	3,088	3,785	3,570	3,649	3,470	3,828	3,865	3,779	3,558	4,199	4,110	3,966	4,138	4,263	4,109	4,404	4,622	4,517	4,435	4,216	4,685	4,293	4,340	4,429	4,889	4,509	4,216	4,024	3,807	3,997	3,996	3,769	3,795	3,780	3,357	3,387	3,328	3,615	3,469	3,181	3,223	3,196	3,140	3,116	3,201	3,201	3,227	3,003	3,225	3,054	3,152	2,993	3,119	3,215	2,936	2,960	3,098	2,911	2,801	2,632	2,651	2,712	2,547	2,104	2,107	1,910	1,681	1,616	1,837	1,751	1,869	1,852	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	0	4,185	3,074	3,901	4,531	9,310	6,162	5,574	4,886	5,251	5,752	4,613	4,766	4,948	4,168	2,982	3,979	4,777	4,252	3,994	4,443	9,683	4,251	4,041	3,296	3,088	3,785	3,570	3,649	3,470	3,828	3,865	3,779	3,558	4,199	4,110	3,966	4,138	4,263	4,109	4,404	4,622	4,517	4,435	4,216	4,685	4,293	4,340	4,429	0	4,509	4,216	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	0	8,480	8,640	9,217	10,946	12,954	12,402	11,275	10,395	10,862	10,937	10,063	10,027	10,139	9,288	9,152	9,592	9,620	9,423	9,379	9,345	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	3,363	0	3,691	4,441	8,414	12,532	8,156	7,413	6,594	24,633	7,673	6,387	6,630	6,988	6,360	5,066	6,577	7,549	6,905	6,641	6,962	7,113	6,357	6,037	5,018	7,427	6,154	5,784	5,950	5,582	5,930	6,218	6,131	5,760	6,734	6,656	6,355	6,743	6,920	6,815	7,245	7,628	7,430	7,485	7,245	8,080	7,666	7,822	8,075	8,591	8,363	7,992	7,724	7,397	8,077	8,144	8,003	8,062	8,857	8,425	8,685	8,542	8,806	9,258	9,450	9,659	9,599	9,437	9,455	9,343	8,862	8,653	8,126	8,371	7,827	7,406	6,924	7,064	7,138	6,479	6,428	6,518	6,645	6,929	6,838	7,213	7,343	7,297	6,928	7,621	8,205	8,361	8,183	7,096	7,796	6,841	6,425	6,400	6,000	5,900	5,700	2,490	2,310	2,370	2,220	2,420	2,230	2,320	2,090	2,200	2,130	2,200	1,930	1,730	1,870
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	15,044	12,701	-7,064	-7,567	4,731	561	6,386	561	6,092	14,355	5,256	5,617	5,731	13,405	4,854	5,831	5,150	13,976	4,616	4,594	4,872	13,171	5,257	5,412	6,405	12,425	5,008	5,193	5,109	11,765	4,974	4,917	5,004	11,110	4,605	4,834	5,021	10,548	4,486	4,623	4,244	10,659	4,200	4,100	4,198	12,380	4,743	4,625	4,074	12,770	4,061	4,227	4,296	12,052	3,585	3,476	3,229	12,284	2,095	2,184	1,588	8,395	1,616	626	150	8,240	223	147	162	122	721	1,034	1,278	1,154	1,732	2,563	2,836	2,667	2,664	2,560	2,509	2,542	2,299	1,715	1,529	1,095	1,116	934	769	95	1,142	1,568	1,605	688	1,784	867	542	400	100	200	200	10,210	10,190	9,840	9,320	9,310	9,310	9,110	8,950	9,190	8,870	8,960	8,900	9,600	9,120
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	0	210	206	175	163	160	151	144	154	152	159	161	164	179	178	175	176	187	194	185	173	184	196	221	215	216	214	208	235	244	243	268	303	380	454	454	460	459	455	447	446	449	451	445	459	464	457	463	463	468	458	476	480	486	495	494	494	490	496	500	513	763	392	583	596	597	602	603	586	573	612	608	591	625	614	652	638	629	628	529	469	452	489	708	588	574	576	562	611	607	645	611	524	405	323	322	326	300	400	300	400	250	250	230	220	280	130	160	140	270	100	130	140	160	170
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	5,005	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,580	3,590	3,460	3,300	3,340	3,320	3,250	3,200	3,260	3,240	3,250	3,280	3,320	3,340
Selling General Administrative	1,107	4,145	4,652	4,719	4,551	4,527	4,258	4,122	4,089	4,106	4,029	4,045	3,989	3,784	3,298	3,732	3,979	3,852	3,823	3,884	3,906	3,718	3,727	3,635	3,785	3,354	3,589	3,529	3,638	3,133	3,374	3,052	3,709	3,227	3,287	3,389	3,207	2,859	3,095	3,124	3,146	3,161	3,167	3,128	3,076	3,123	4,234	4,117	4,029	3,450	4,242	4,248	5,014	4,818	3,697	3,587	3,721	2,423	3,714	4,531	3,616	2,773	2,792	2,746	2,857	2,533	2,621	2,778	2,841	2,760	2,866	2,929	2,911	2,731	2,822	2,850	2,862	2,683	2,723	2,574	2,518	2,407	2,396	2,360	2,405	2,232	2,237	2,216	2,227	2,079	2,040	2,047	1,919	1,698	1,548	1,556	1,558	1,400	1,500	1,500	1,600	3,050	3,010	2,920	2,720	2,630	2,670	2,610	2,550	2,670	2,390	2,460	2,340	2,960	2,440
Tax Provision	0	879	617	540	948	2,194	1,392	1,192	1,053	1,100	1,202	940	1,009	1,017	772	486	802	964	788	733	726	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	1,923	1,745	-7,064	-7,567	-4,731	-561	-6,386	561	-6,092	-14,355	-5,256	-5,617	-5,731	-13,405	-4,854	-5,831	-5,150	-13,976	-4,616	-4,594	-4,872	-13,171	-5,257	-5,412	-6,405	-12,425	-5,008	-5,193	-5,109	-11,765	-4,974	-4,917	-5,004	-11,110	-4,605	-4,834	-5,021	-10,548	-4,486	-4,623	-4,244	-10,659	-4,200	-4,100	-4,198	-12,380	-4,743	-4,625	-4,074	-12,770	-4,061	-4,227	-4,296	-12,052	-3,585	-3,476	-3,229	-12,284	-2,095	-2,184	-1,588	-8,395	-1,616	-626	-150	-8,240	223	-147	162	-122	-721	-1,034	-1,278	-1,154	-1,732	-2,563	-2,836	-2,667	-2,664	-2,560	-2,509	-2,542	-2,299	-1,715	-1,529	-1,095	-1,116	-934	-769	95	1,142	1,568	1,605	688	1,784	867	542	400	100	200	200	6,630	6,600	6,380	6,020	5,970	5,990	5,860	5,750	5,930	5,630	5,710	5,620	6,280	5,780
Total Other Income Expense Net	2,692	5,064	3,691	4,441	-2,935	-1,028	-602	-647	-655	-18,282	-719	-834	-855	-1,023	-1,420	-1,598	-1,796	-1,808	-1,865	-1,914	-1,793	-1,747	-1,429	-1,354	-1,284	-1,232	-1,222	-1,244	-1,232	-1,221	-1,222	-1,263	-1,261	-1,224	-1,194	-1,236	-1,278	-1,333	-1,333	-1,473	-1,492	-1,520	-1,570	-1,724	-1,867	-2,009	-2,123	-2,210	-2,309	-2,177	-2,469	-2,551	-2,588	-2,603	-2,951	-3,073	-3,202	-3,263	-4,101	-4,274	-4,412	-4,401	-4,195	-4,815	-5,407	-5,517	-5,442	-5,370	-5,416	-5,261	-4,691	-4,374	-4,238	-4,095	-3,816	-3,226	-3,043	-2,963	-2,904	-2,659	-2,599	-2,678	-2,840	-3,256	-3,478	-3,755	-3,783	-3,960	-4,266	-4,893	-5,695	-6,185	-5,998	-4,520	-5,406	-4,274	-3,886	-3,900	-3,500	-3,400	-3,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Revenue	18,220	17,765	10,755	12,008	13,145	18,812	14,542	13,387	12,686	13,021	12,929	12,004	12,361	12,277	11,214	10,897	11,727	11,967	11,521	11,235	11,834	11,417	11,614	11,449	11,423	11,568	11,162	10,977	11,059	10,740	10,904	11,135	11,135	11,362	11,339	11,490	11,376	11,324	11,406	11,438	11,489	11,747	11,630	11,585	11,443	11,892	12,409	12,447	12,149	12,509	12,424	12,219	12,020	11,814	11,662	11,620	11,232	11,632	10,952	10,609	10,273	10,474	10,422	9,884	9,600	9,531	9,376	9,584	9,293	9,465	9,583	9,687	9,404	9,525	9,559	9,969	9,760	9,731	9,802	9,039	8,937	9,060	8,944	8,644	8,367	8,308	8,459	8,231	7,697	7,526	7,063	6,793	6,578	6,408	6,012	5,974	5,883	6,000	5,900	5,700	5,500	5,530	5,310	5,300	4,950	5,050	4,900	4,930	4,640	4,860	4,520	4,660	4,260	4,680	4,320

Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue	68,192
Cost of Revenue	-2,415
Gross Profit	65,777	65,777

Operating Income (+$)
Gross Profit	65,777
Operating Expense	-8,483
Operating Income	59,692	57,294

Operating Expense (+$)
Research Development	0
Selling General Administrative	18,067
Selling And Marketing Expenses	0
Operating Expense	8,483	18,067

Net Interest Income (+$)
Interest Income	57,302
Interest Expense	-300
Other Finance Cost	-15,245
Net Interest Income	41,757

Pretax Income (+$)
Operating Income	59,692
Net Interest Income	41,757
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	18,675	41,017 EBIT - interestExpense = -300 18,675 15,991
Interest Expense	300
Earnings Before Interest and Taxes (EBIT)	0	18,975
Earnings Before Interest and Taxes (EBITDA)	754

After tax Income (+$)
Income Before Tax	18,675
Tax Provision	-4,299
Net Income From Continuing Ops	20,816	14,376
Net Income	15,691
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	49,517
Total Other Income/Expenses Net	18,675	-41,757

Technical Analysis of National Bankshares Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of National Bankshares Inc. The general trend of National Bankshares Inc is BEARISH with 14.3% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine National Bankshares Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (-14.3%)		Bearish trend (14.3%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of National Bankshares Inc.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 30.50 < 30.50 < 31.98.

The bearish price targets are: 30.16 > 26.50 > 25.18.

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National Bankshares Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of National Bankshares Inc. The current mas is .

The long score for the Moving Averages is 6/14.
The longshort score for the Moving Averages is -2/(-14 +14).

MA 20 trending up: The MA 20 is trending up. +1
Close > MA 20: The price is above the MA 20. +1
MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
MA 50 trending down: The MA 50 is trending down. -1
Close < MA 50: The price is below the MA 50. -1
MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending down: The MA 100 is trending down. -1
Close < MA 100: The price is below the MA 100. -1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending up: The MA 200 is trending up. +1
Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

National Bankshares Inc Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of National Bankshares Inc. The current macd is -0.46543531.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the National Bankshares Inc price going up in the near term. +2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for National Bankshares Inc. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the National Bankshares Inc price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

National Bankshares Inc Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of National Bankshares Inc. The current adx is 16.70.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy National Bankshares Inc shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1

National Bankshares Inc Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of National Bankshares Inc. The current sar is 26.72.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1

National Bankshares Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of National Bankshares Inc. The current rsi is 55.52. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
Trending down: The RSI is trending down. -1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

National Bankshares Inc Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of National Bankshares Inc. The current phase is Overbought in bear market.

The long score for the Stochastic Oscillator is 5/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
STOCH > 80: The STOCH %K is above 80 and overbought. +2
STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the National Bankshares Inc price going up in the near term. +2
Trending down: The STOCH %K is trending down. -1

National Bankshares Inc Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of National Bankshares Inc. The current cci is 159.91.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1

National Bankshares Inc Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of National Bankshares Inc. The current cmo is 25.84.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1

National Bankshares Inc Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of National Bankshares Inc. The current willr is -8.29268293.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1

National Bankshares Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of National Bankshares Inc.

National Bankshares Inc Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of National Bankshares Inc. The current atr is 1.28863138.

National Bankshares Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of National Bankshares Inc. The current obv is -317,388.

National Bankshares Inc Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of National Bankshares Inc. The current mfi is 64.24.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

MFI > 50: +1

National Bankshares Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for National Bankshares Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-12-21	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-26	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-12-27	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2023-12-28	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-01-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-03	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-08	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-09	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-12	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-17	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-19	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-23	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-29	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-31	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-01	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-05	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-07	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-12	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-15	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-28	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-02-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-04	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-05	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-03-06	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-07	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-25	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-28	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-04-01	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-02	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-03	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-08	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-16	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-17	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
2024-04-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-22	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-24	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-25	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-26	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-30	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-05-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-05-03	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-05-06	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-05-07	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-05-08	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-05-09	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside

6.3. Candlestick Patterns

National Bankshares Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of National Bankshares Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	55.524
Ma 20	Greater than	Ma 50	28.376
Ma 50	Greater than	Ma 100	31.006
Ma 100	Greater than	Ma 200	31.515
Open	Greater than	Close	29.980
Total			2/5 (40.0%)

Create your own Symbol Scanner

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National Bankshares Inc Buy, Hold or Sell?

Let's analyse National Bankshares Inc together

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Quick analysis of National Bankshares Inc (30 sec.)

What can you expect buying and holding a share of National Bankshares Inc? (30 sec.)

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of National Bankshares Inc (5 min.)

$30.26

$23.65

2. Growth of National Bankshares Inc (5 min.)

Is National Bankshares Inc growing?

How much money is National Bankshares Inc making?

How much money comes from the company's main activities?

3. Financial Health of National Bankshares Inc (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

What can you expect buying and holding a share of National Bankshares Inc? (5 min.)

What can you expect buying and holding a share of National Bankshares Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of National Bankshares Inc

About National Bankshares Inc

Financial Health

Valuation

1.1. Profitability of National Bankshares Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Banks - Regional)

1.1.2. Return on Assets

Trends

Compared to industry (Banks - Regional)

1.1.3. Return on Equity

Trends

Compared to industry (Banks - Regional)

1.2. Operating Efficiency of National Bankshares Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of National Bankshares Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Banks - Regional)

1.3.2. Quick Ratio

Trends

1.4. Solvency of National Bankshares Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Banks - Regional)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Banks - Regional)

2. Market Valuation of National Bankshares Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

2.2. Price To Free Cash Flow Ratio

National Bankshares Inc
Buy, Hold or Sell?