Item 5. Market for Registrant’s Common Equity
Item 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Our common stock is traded on the Nasdaq Global Select Market under the symbol “HURC”.
Holders
There were 102 holders of record of our common stock as of December 31, 2020.
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Dividend Policy
We began declaring cash dividends on our common stock in the third quarter of fiscal 2013, and we expect to continue to declare dividends on a quarterly basis; however, the declaration and amount of any future cash dividends will be subject to the sole discretion of our Board of Directors and will depend upon many factors, including our results of operations, financial condition, capital requirements, regulatory and contractual restrictions, our business strategy and other factors deemed relevant by our Board of Directors from time to time.
Our payment of dividends is limited by our U.S. credit agreement, as further described in Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations and in Note 5 of Notes to Consolidated Financial Statements.
Other Information
During the period covered by this report, we did not sell any equity securities that were not registered under the Securities Act of 1933, as amended.
The disclosure under the caption “Equity Compensation Plan Information at 2020 Fiscal Year End” in our 2021 proxy statement is incorporated by reference in Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
The performance graph information is included in Item 9B. Other Information.
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Item 6. SELECTED FINANCIAL DATA
The Selected Financial Data presented below has been derived from our consolidated financial statements for the fiscal years indicated and should be read in conjunction with the consolidated financial statements and related notes set forth elsewhere herein and Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
Year Ended October 31,
2020
2019
2018
2017
2016
(In thousands, except per share amounts)
Statement of Operations Data:
Sales and service fees
$
170,627
$
263,377
$
300,671
$
243,667
$
227,289
Gross profit
36,457
77,208
91,806
70,564
70,440
Selling, general and administrative expenses
41,416
54,668
58,010
49,661
50,824
Goodwill impairment
4,903
—
—
—
—
Operating income (loss)
(9,862)
22,540
33,796
20,903
19,616
Other income (expense)
(941)
784
(1,300)
(187)
(731)
Net income (loss)
(6,247)
17,495
21,490
15,115
13,292
Earnings (loss) per common share - diluted
$
(0.93)
$
2.55
$
3.15
$
2.25
$
1.99
Weighted average common shares outstanding-diluted
6,670
6,815
6,771
6,680
6,642
Dividends declared per common share
$
0.51
$
0.47
$
0.43
$
0.39
$
0.35
As of October 31,
2020
2019
2018
2017
2016
(Dollars in thousands)
Balance Sheet Data:
Current assets
$
251,411
$
261,861
$
281,435
$
246,415
$
218,381
Current liabilities
50,437
54,632
86,803
70,889
57,968
Working capital
200,974
207,229
194,632
175,526
160,413
Current ratio
5.0
4.8
3.2
3.5
3.8
Total assets
295,655
301,065
315,407
277,808
251,949
Non-current liabilities
14,070
6,188
5,751
3,834
8,506
Total debt
—
—
1,434
1,507
1,476
Shareholders’ equity
231,148
240,245
222,853
203,085
185,475
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