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CIK 1055454

SCHOOL SPECIALTY INC
CIK 0001055454 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
72.1
composite ยท 4 signals ยท ELEVATED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-05 ยท FY 2017-12-30 ยท ELEVATED100.0

Tax arbitrage

[FY2017 data, stale โ€” no more recent pretax-income figure in XBRL] ETR -26.2% vs 21% statutory โ€” gap persistent across 1 of 1 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2019-03-14) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2017-12-30": -0.2624
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2017-12-30": 0.4724
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": true,
  "latest_filing_period": "2019-12-28",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1055454/000119312519074795/0001193125-19-074795-index.htm",
    "form": "10-K",
    "filed": "2019-03-14"
  }
}
P-12 ยท FY 2019-12-28 ยท ELEVATED35.8

Restatement predictor

F-Score 1.07 โ€” misstatement risk 1.1x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2020-04-07) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 1.074,
  "probability": 0.00397,
  "components": {
    "rsst": -0.2494,
    "drec": -0.064,
    "dinv": -0.0737,
    "soft": 0.8743,
    "dcs": -0.0463,
    "droa": -0.0679,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2019-12-28",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1055454/000119312520099715/0001193125-20-099715-index.htm",
    "form": "10-K",
    "filed": "2020-04-07"
  }
}
P-13 ยท FY 2019-12-28 ยท ELEVATED91.8

Zombie / distress

Interest coverage -1.07x below 1.0
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2020-04-07) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2019-12-28": -1.07,
    "2018-12-29": -1.182,
    "2017-12-30": 1.636,
    "2016-12-31": 1.299
  },
  "consecutive_years_below_1": 2,
  "altman_z_double_prime": -3.447,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": -21956000,
    "interest_expense_t": 20519000
  },
  "stale": false,
  "latest_filing_period": "2019-12-28",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1055454/000119312520099715/0001193125-20-099715-index.htm",
    "form": "10-K",
    "filed": "2020-04-07"
  }
}
P-01 ยท FY 2019-12-28 ยท CLEAN0.0

Earnings quality

Beneish M-Score -3.93 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2020-04-07) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -3.93,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.852,
    "GMI": 1.023,
    "AQI": 1.168,
    "SGI": 0.93,
    "DEPI": 0.91,
    "SGAI": 1.055,
    "LVGI": 1.172,
    "TATA": -0.268
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": -0.2494,
  "inputs": {
    "revenue_t": 626073000,
    "revenue_t1": 673452000,
    "total_assets_t": 234742000,
    "net_income_t": -49548000,
    "cfo_t": 13475000
  },
  "stale": false,
  "latest_filing_period": "2019-12-28",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1055454/000119312520099715/0001193125-20-099715-index.htm",
    "form": "10-K",
    "filed": "2020-04-07"
  }
}