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CIK 825410

LANDAUER INC
CIK 0000825410 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
27.7
composite ยท 5 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-07 ยท FY 2014-09-30 ยท TRIGGERED100.0

Pension underfunding

[FY2014 data, stale โ€” no more recent pension disclosure in XBRL] DB plan 64% funded โ€” -$14M deficit (116% of equity)
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-12-14) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 38976000,
  "plan_assets": 24785000,
  "funded_ratio": 0.6359,
  "deficit": -14191000,
  "deficit_vs_equity": 1.1581,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": true,
  "latest_filing_period": "2016-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/825410/000082541016000188/0000825410-16-000188-index.htm",
    "form": "10-K",
    "filed": "2016-12-14"
  }
}
P-12 ยท FY 2016-09-30 ยท ELEVATED35.2

Restatement predictor

F-Score 1.06 โ€” misstatement risk 1.1x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-12-14) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 1.056,
  "probability": 0.00391,
  "components": {
    "rsst": null,
    "drec": -0.0021,
    "dinv": -0.0068,
    "soft": 0.6871,
    "dcs": -0.011,
    "droa": 0.0234,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2016-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/825410/000082541016000188/0000825410-16-000188-index.htm",
    "form": "10-K",
    "filed": "2016-12-14"
  }
}
P-01 ยท FY 2016-09-30 ยท CLEAN30.3

Earnings quality

Beneish M-Score -2.44 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-12-14) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.439,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.001,
    "GMI": 1.029,
    "AQI": 0.961,
    "SGI": 0.986,
    "DEPI": 1.089,
    "SGAI": 0.917,
    "LVGI": 0.914,
    "TATA": 0
  },
  "defaulted_to_neutral": [
    "TATA"
  ],
  "sloan_accruals": null,
  "inputs": {
    "revenue_t": 149239000,
    "revenue_t1": 151314000,
    "total_assets_t": 190816000,
    "net_income_t": 17753000,
    "cfo_t": null
  },
  "stale": false,
  "latest_filing_period": "2016-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/825410/000082541016000188/0000825410-16-000188-index.htm",
    "form": "10-K",
    "filed": "2016-12-14"
  }
}
P-05 ยท FY 2016-09-30 ยท CLEAN0.0

Tax arbitrage

ETR 34.9% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-12-14) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2016-09-30": 0.3491,
    "2015-09-30": 0.2942
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2016-09-30": -0.1391,
    "2015-09-30": -0.0842
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2016-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/825410/000082541016000188/0000825410-16-000188-index.htm",
    "form": "10-K",
    "filed": "2016-12-14"
  }
}
P-13 ยท FY 2016-09-30 ยท CLEAN0.0

Zombie / distress

Interest coverage 6.92x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-12-14) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2016-09-30": 6.916,
    "2015-09-30": 6.183,
    "2014-09-30": -10.077,
    "2013-09-30": 0.784
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 1.616,
  "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": 26641000,
    "interest_expense_t": 3852000
  },
  "stale": false,
  "latest_filing_period": "2016-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/825410/000082541016000188/0000825410-16-000188-index.htm",
    "form": "10-K",
    "filed": "2016-12-14"
  }
}