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Northern Technologies International Corp – ‘10-Q’ for 5/31/20 – ‘R15’

On:  Thursday, 7/9/20, at 4:07pm ET   ·   For:  5/31/20   ·   Accession #:  1171843-20-4868   ·   File #:  1-11038

Previous ‘10-Q’:  ‘10-Q’ on 4/8/20 for 2/29/20   ·   Next:  ‘10-Q’ on 1/8/21 for 11/30/20   ·   Latest:  ‘10-Q’ on 4/11/24 for 2/29/24

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 7/09/20  Northern Technologies Int’l Corp  10-Q        5/31/20   75:4.2M                                   Globenewswire Inc./FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    389K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     27K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     27K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     23K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     23K 
12: R1          Document And Entity Information                     HTML     55K 
13: R2          Consolidated Balance Sheets (Current Period         HTML    154K 
                Unaudited)                                                       
14: R3          Consolidated Balance Sheets (Current Period         HTML     43K 
                Unaudited) (Parentheticals)                                      
15: R4          Consolidated Statements of Operations (Unaudited)   HTML    133K 
16: R5          Consolidated Statements of Comprehensive Income     HTML     50K 
                (Unaudited)                                                      
17: R6          Consolidated Statements of Equity (Unaudited)       HTML     94K 
18: R7          Consolidated Statements of Cash Flows (Unaudited)   HTML    118K 
19: R8          Note 1 - Interim Financial Information              HTML     34K 
20: R9          Note 2 - Accounting Pronouncements                  HTML     40K 
21: R10         Note 3 - Inventories                                HTML     28K 
22: R11         Note 4 - Property and Equipment, Net                HTML     31K 
23: R12         Note 5 - Patents and Trademarks, Net                HTML     29K 
24: R13         Note 6 - Investments in Joint Ventures              HTML     58K 
25: R14         Note 7 - Corporate Debt                             HTML     31K 
26: R15         Note 8 - Stockholders' Equity                       HTML     41K 
27: R16         Note 9 - Net Income Per Common Share                HTML     38K 
28: R17         Note 10 - Stock-based Compensation                  HTML     39K 
29: R18         Note 11 - Segment and Geographic Information        HTML    107K 
30: R19         Note 12 - Commitments and Contingencies             HTML     46K 
31: R20         Note 13 - Fair Value Measurements                   HTML     33K 
32: R21         Note 14 - Supplemental Cash Flow Information        HTML     29K 
33: R22         Significant Accounting Policies (Policies)          HTML     40K 
34: R23         Note 3 - Inventories (Tables)                       HTML     29K 
35: R24         Note 4 - Property and Equipment, Net (Tables)       HTML     29K 
36: R25         Note 5 - Patents and Trademarks, Net (Tables)       HTML     28K 
37: R26         Note 6 - Investments in Joint Ventures (Tables)     HTML     57K 
38: R27         Note 8 - Stockholders' Equity (Tables)              HTML     30K 
39: R28         Note 9 - Net Income Per Common Share (Tables)       HTML     33K 
40: R29         Note 10 - Stock-based Compensation (Tables)         HTML     28K 
41: R30         Note 11 - Segment and Geographic Information        HTML    105K 
                (Tables)                                                         
42: R31         Note 12 - Commitments and Contingencies (Tables)    HTML     32K 
43: R32         Note 13 - Fair Value Measurements (Tables)          HTML     31K 
44: R33         Note 14 - Supplemental Cash Flow Information        HTML     28K 
                (Tables)                                                         
45: R34         Note 1 - Interim Financial Information (Details     HTML     23K 
                Textual)                                                         
46: R35         Note 2 - Accounting Pronouncements (Details         HTML     28K 
                Textual)                                                         
47: R36         Note 3 - Inventories - Inventories (Details)        HTML     29K 
48: R37         Note 4 - Property and Equipment, Net - Components   HTML     38K 
                of Property and Equipment, Net (Details)                         
49: R38         Note 5 - Patents and Trademarks, Net (Details       HTML     36K 
                Textual)                                                         
50: R39         Note 5 - Patents and Trademarks, Net - Patents and  HTML     30K 
                Trademarks, Net (Details)                                        
51: R40         Note 6 - Investments in Joint Ventures (Details     HTML     24K 
                Textual)                                                         
52: R41         Note 6 - Investments in Joint Ventures - Condensed  HTML     67K 
                Balance Sheet of EXCOR and All Other Joint                       
                Ventures (Details)                                               
53: R42         Note 6 - Investments in Joint Ventures - Condensed  HTML     68K 
                Income Statement of EXCOR and All Other Joint                    
                Ventures (Details)                                               
54: R43         Note 7 - Corporate Debt (Details Textual)           HTML     42K 
55: R44         Note 8 - Stockholders' Equity (Details Textual)     HTML     55K 
56: R45         Note 8 - Stockholders' Equity - Cash Dividends      HTML     30K 
                Declared (Details)                                               
57: R46         Note 9 - Net Income Per Common Share (Details       HTML     29K 
                Textual)                                                         
58: R47         Note 9 - Net Income Per Common Share -              HTML     59K 
                Reconciliation of the Earnings Per Share                         
                Computations (Details)                                           
59: R48         Note 10 - Stock-based Compensation (Details         HTML     58K 
                Textual)                                                         
60: R49         Note 10 - Stock-based Compensation - Black-Scholes  HTML     32K 
                Option-pricing Model Assumptions (Details)                       
61: R50         Note 11 - Segment and Geographic Information        HTML     23K 
                (Details Textual)                                                
62: R51         Note 11 - Segment and Geographic Information - Net  HTML     32K 
                Sales by Segment (Details)                                       
63: R52         Note 11 - Segment and Geographic Information -      HTML     35K 
                Cost of Goods Sold by Segment (Details)                          
64: R53         Note 11 - Segment and Geographic Information - Net  HTML     35K 
                Sales by Geographic Location (Details)                           
65: R54         Note 11 - Segment and Geographic Information -      HTML     53K 
                Fees for Services Provided to Joint Ventures by                  
                Geographic Location as a Percentage of Total Fees                
                (Details)                                                        
66: R55         Note 11 - Segment and Geographic Information -      HTML     33K 
                Total Long-lived Assets by Geographic Distribution               
                (Details)                                                        
67: R56         Note 11 - Segment and Geographic Information -      HTML     38K 
                Total Net Sales by Geographic Distribution                       
                (Details)                                                        
68: R57         Note 12 - Commitments and Contingencies (Details    HTML     45K 
                Textual)                                                         
69: R58         Note 12 - Commitments and Contingencies - Present   HTML     30K 
                Value of Long-term Leases (Details)                              
70: R59         Note 12 - Commitments and Contingencies - Future    HTML     44K 
                Minimum Rents Due (Details)                                      
71: R60         Note 13 - Fair Value Measurements - Assets and      HTML     28K 
                Liabilities Measured at Fair Value Recurring Basis               
                (Details)                                                        
72: R61         Note 14 - Supplemental Cash Flow Information -      HTML     27K 
                Supplemental Disclosures of Cash Flow Information                
                (Details)                                                        
74: XML         IDEA XML File -- Filing Summary                      XML    139K 
73: EXCEL       IDEA Workbook of Financial Reports                  XLSX     73K 
 6: EX-101.INS  XBRL Instance -- ntic-20200531                       XML   1.37M 
 8: EX-101.CAL  XBRL Calculations -- ntic-20200531_cal               XML    144K 
 9: EX-101.DEF  XBRL Definitions -- ntic-20200531_def                XML    957K 
10: EX-101.LAB  XBRL Labels -- ntic-20200531_lab                     XML    785K 
11: EX-101.PRE  XBRL Presentations -- ntic-20200531_pre              XML    995K 
 7: EX-101.SCH  XBRL Schema -- ntic-20200531                         XSD    167K 
75: ZIP         XBRL Zipped Folder -- 0001171843-20-004868-xbrl      Zip    118K

‘R15’   —   Note 8 – Stockholders’ Equity

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v3.20.2
Note 8 - Stockholders' Equity
 9 Months Ended
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
8.
       STOCKHOLDERS’ EQUITY
 
On the Company’s Board of Directors declared a
two
-for-
one
stock split of the Company’s common stock effected in the form of a
100%
share dividend distributed on to record holders as of All share and per share values have been adjusted to retroactively reflect the effect of the
two
-for-
one
stock split.
 
During the
nine
months ended the Company’s Board of Directors declared cash dividends on the following dates in the following amounts to holders of record of the Company’s common stock as of the following record dates:
 
Declaration Date   Amount   Record Date   Payable Date
October 22, 2019  
$0.065
      
January 22, 2020  
$0.065
      
 
On the Company announced the temporary suspension of its quarterly cash dividend pending clarity on the novel strain of COVID-
19
crisis. Therefore, the Company did
not
declare a cash dividend during the quarter ended
 
During the
nine
months ended the Company’s Board of Directors declared cash dividends on the following dates in the following amounts to holders of record of the Company’s common stock as of the following record dates:
 
Declaration Date   Amount   Record Date   Payable Date
October 24, 2018  
$0.06
      
January 23, 2019  
$0.06
      
April 25, 2019  
$0.06
      
 
During the
nine
months ended and the Company repurchased
no
shares of its common stock.
 
During the
nine
months ended the Company granted stock options under the Northern Technologies International Corporation
2019
Stock Incentive Plan (the
2019
Plan) to purchase an aggregate of
300,770
shares of its common stock to various employees and directors. The weighted average per share exercise price of the stock options is
$10.87,
which was equal to the fair market value of the Company’s common stock on the date of grant. During the
nine
months ended
6,823
stock options to purchase common stock were exercised.
 
During the
nine
months ended the Company granted stock options under the
2019
Plan to purchase an aggregate of
141,768
shares of its common stock to various employees and directors. The weighted average per share exercise price of the stock options is
$18.23,
which was equal to the fair market value of the Company’s common stock on the date of grant. During the
nine
months ended
no
stock options to purchase common stock were exercised.
 
 C: 
The Company issued
3,597
and
1,748
shares of common stock on and respectively, under the Northern Technologies International Corporation Employee Stock Purchase Plan (the ESPP). The Company issued
2,754
and
2,462
shares of common stock on and respectively, under the ESPP.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:7/9/20
For Period end:5/31/20
4/23/20
3/1/20
2/19/20
2/5/20
1/22/20
11/20/19
11/6/19
10/22/193,  4,  8-K,  SC 13D/A
9/1/194
6/28/19
6/17/19
6/3/198-K
5/31/1910-Q
5/23/19
5/9/19
4/25/19
3/1/19
2/22/19
2/6/19
1/23/19
11/21/18
11/7/18
10/24/18
9/1/184
 List all Filings 
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Filing Submission 0001171843-20-004868   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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