HURCO COMPANIES INC 10-K

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 104 holders of record of our common stock as of December 31, 2021. 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. 33 ​ 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 2021 Fiscal Year End” in our 2022 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. ​ ​ 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, ​ 2021 2020 ​ 2019 2018 2017 ​ (In thousands, except per share amounts) Statement of Operations Data: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales and service fees ​ $ 235,195 ​ $ 170,627 ​ $ 263,377 ​ $ 300,671 ​ $ 243,667 Gross profit ​ 56,249 ​ 36,457 ​ 77,208 ​ 91,806 ​ 70,564 Selling, general and administrative expenses ​ 46,001 ​ 41,416 ​ 54,668 ​ 58,010 ​ 49,661 Goodwill impairment ​ ​ — ​ ​ 4,903 ​ ​ — ​ ​ — ​ ​ — Operating income (loss) ​ 10,248 ​ (9,862) ​ 22,540 ​ 33,796 ​ 20,903 Other income (expense) ​ (127) ​ 941 ​ 784 ​ (1,300) ​ (187) Net income (loss) ​ 6,764 ​ (6,247) ​ 17,495 ​ 21,490 ​ 15,115 Earnings (loss) per common share - diluted ​ $ 1.01 ​ $ (0.93) ​ $ 2.55 ​ $ 3.15 ​ $ 2.25 Weighted average common shares outstanding-diluted ​ 6,608 ​ 6,670 ​ 6,815 ​ 6,771 ​ 6,680 Dividends declared per common share ​ $ 0.55 ​ $ 0.51 ​ $ 0.47 ​ $ 0.43 ​ $ 0.39 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of October 31, ​ 2021 2020 2019 2018 ​ 2017 ​ (Dollars in thousands) Balance Sheet Data: ​ ​ ​ ​ ​ ​ ​ ​ ​ Current assets ​ $ 289,870 ​ $ 251,411 ​ $ 261,861 ​ $ 281,435 ​ $ 246,415 Current liabilities ​ ​ 81,170 ​ ​ 50,437 ​ ​ 54,632 ​ ​ 86,803 ​ ​ 70,889 Working capital ​ $ 208,700 ​ $ 200,974 ​ $ 207,229 ​ $ 194,632 ​ $ 175,526 Current ratio ​ 3.6 ​ 5.0 ​ 4.8 ​ 3.2 ​ 3.5 Total assets ​ $ 332,935 ​ $ 295,655 ​ $ 301,065 ​ $ 315,407 ​ $ 277,808 Non-current liabilities ​ ​ 13,346 ​ ​ 14,070 ​ ​ 6,188 ​ ​ 5,751 ​ ​ 3,834 Total debt ​ ​ — ​ — ​ — ​ 1,434 ​ 1,507 Shareholders’ equity ​ ​ 238,419 ​ 231,148 ​ 240,245 ​ 222,853 ​ 203,085 ​ ​ 34 ​