10-Q Filing

SENECA FOODS CORP CIK: 88948 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0000088948-11-000026`
Period End Date	20110630
Filing Date	20110803
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	senea-20110702.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 100 Income Statement 28 Cash Flow Statement 48 Stockholders Equity 9

Balance Sheet 100 line items

Line Item	Tag	Value	Unit	Period
Common Stock Par Or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.25	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.42M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.76M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.54M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.74M	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$60.74M	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$46.93M	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$78.54M	USD	Point-in-time
Finished Goods	`InventoryFinishedGoods`	$178.62M	USD	Point-in-time
Finished Goods	`InventoryFinishedGoods`	$331.77M	USD	Point-in-time
Finished Goods	`InventoryFinishedGoods`	$264.61M	USD	Point-in-time
Work in Process	`InventoryWorkInProcess`	$10.75M	USD	Point-in-time
Work in Process	`InventoryWorkInProcess`	$10.11M	USD	Point-in-time
Work in Process	`InventoryWorkInProcess`	$13.74M	USD	Point-in-time
Raw Materials and Supplies	`InventoryRawMaterialsAndSupplies`	$109.72M	USD	Point-in-time
Raw Materials and Supplies	`InventoryRawMaterialsAndSupplies`	$158.70M	USD	Point-in-time
Raw Materials and Supplies	`InventoryRawMaterialsAndSupplies`	$123.70M	USD	Point-in-time
Off-Season (Note 4)	`OffSeasonReserve`	-	USD	Point-in-time
Off-Season (Note 4)	`OffSeasonReserve`	$-83.79M	USD	Point-in-time
Off-Season (Note 4)	`OffSeasonReserve`	$-69.15M	USD	Point-in-time
Total Inventories	`InventoryNet`	$431.86M	USD	Point-in-time
Total Inventories	`InventoryNet`	$467.57M	USD	Point-in-time
Total Inventories	`InventoryNet`	$455.24M	USD	Point-in-time
Refundable Income Taxes	`IncomeTaxesReceivable`	-	USD	Point-in-time
Refundable Income Taxes	`IncomeTaxesReceivable`	-	USD	Point-in-time
Refundable Income Taxes	`IncomeTaxesReceivable`	$7.71M	USD	Point-in-time
Deferred Income Tax Asset, Net	`DeferredTaxAssetsNetCurrent`	$10.03M	USD	Point-in-time
Deferred Income Tax Asset, Net	`DeferredTaxAssetsNetCurrent`	$7.62M	USD	Point-in-time
Deferred Income Tax Asset, Net	`DeferredTaxAssetsNetCurrent`	$7.49M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$10.11M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$17.22M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$2.56M	USD	Point-in-time
Assets Current	`AssetsCurrent`	$533.76M	USD	Point-in-time
Assets Current	`AssetsCurrent`	$556.27M	USD	Point-in-time
Assets Current	`AssetsCurrent`	$533.63M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$188.15M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$188.01M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$179.35M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$429.00K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$297.00K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$861.00K	USD	Point-in-time
Total Assets	`Assets`	$722.21M	USD	Point-in-time
Total Assets	`Assets`	$744.71M	USD	Point-in-time
Total Assets	`Assets`	$713.84M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$64.37M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$81.61M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$87.08M	USD	Point-in-time
Other Accrued Expenses	`OtherAccruedLiabilitiesCurrent`	$24.61M	USD	Point-in-time
Other Accrued Expenses	`OtherAccruedLiabilitiesCurrent`	$33.62M	USD	Point-in-time
Other Accrued Expenses	`OtherAccruedLiabilitiesCurrent`	$37.24M	USD	Point-in-time
Accrued Vacation	`AccruedVacationCurrent`	$10.41M	USD	Point-in-time
Accrued Vacation	`AccruedVacationCurrent`	$10.05M	USD	Point-in-time
Accrued Vacation	`AccruedVacationCurrent`	$10.21M	USD	Point-in-time
Accrued Payroll	`AccruedSalariesCurrent`	$6.23M	USD	Point-in-time
Accrued Payroll	`AccruedSalariesCurrent`	$6.68M	USD	Point-in-time
Accrued Payroll	`AccruedSalariesCurrent`	$6.81M	USD	Point-in-time
Income Taxes Payable	`AccruedIncomeTaxesCurrent`	$1.70M	USD	Point-in-time
Income Taxes Payable	`AccruedIncomeTaxesCurrent`	$489.00K	USD	Point-in-time
Current Portion of Long-Term Debt (Note 5)	`LongTermDebtCurrent`	$6.48M	USD	Point-in-time
Current Portion of Long-Term Debt (Note 5)	`LongTermDebtCurrent`	$11.99M	USD	Point-in-time
Current Portion of Long-Term Debt (Note 5)	`LongTermDebtCurrent`	$142.56M	USD	Point-in-time
Liabilities Current	`LiabilitiesCurrent`	$134.84M	USD	Point-in-time
Liabilities Current	`LiabilitiesCurrent`	$261.56M	USD	Point-in-time
Liabilities Current	`LiabilitiesCurrent`	$145.74M	USD	Point-in-time
Long-Term Debt, Less Current Portion (Note 5)	`LongTermDebtNoncurrent`	$198.53M	USD	Point-in-time
Long-Term Debt, Less Current Portion (Note 5)	`LongTermDebtNoncurrent`	$187.20M	USD	Point-in-time
Long-Term Debt, Less Current Portion (Note 5)	`LongTermDebtNoncurrent`	$90.06M	USD	Point-in-time
Deferred Income Taxes, Net	`DeferredIncomeTaxLiabilities`	$2.45M	USD	Point-in-time
Deferred Income Taxes, Net	`DeferredIncomeTaxLiabilities`	$3.18M	USD	Point-in-time
Deferred Income Taxes, Net	`DeferredIncomeTaxLiabilities`	$5.62M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$36.08M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$38.30M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$37.40M	USD	Point-in-time
Total Liabilities	`Liabilities`	$390.88M	USD	Point-in-time
Total Liabilities	`Liabilities`	$373.68M	USD	Point-in-time
Total Liabilities	`Liabilities`	$376.39M	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	$6.33M	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	$6.33M	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	$6.33M	USD	Point-in-time
Common Stock $.25 Par Value Per Share	`CommonStockValue`	$4.12M	USD	Point-in-time
Common Stock $.25 Par Value Per Share	`CommonStockValue`	$2.94M	USD	Point-in-time
Common Stock $.25 Par Value Per Share	`CommonStockValue`	$4.12M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$91.98M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$90.78M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$90.70M	USD	Point-in-time
Treasury Stock, at cost	`TreasuryStockValue`	$257.00K	USD	Point-in-time
Treasury Stock, at cost	`TreasuryStockValue`	$257.00K	USD	Point-in-time
Treasury Stock, at cost	`TreasuryStockValue`	$257.00K	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.98M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.20M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.03M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$254.46M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$266.85M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$258.86M	USD	Point-in-time
Stockholders Equity	`StockholdersEquity`	$340.16M	USD	Point-in-time
Stockholders Equity	`StockholdersEquity`	$345.82M	USD	Point-in-time
Stockholders Equity	`StockholdersEquity`	$353.83M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$722.21M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$744.71M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$713.84M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$219.94M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$259.08M	USD	1 Quarter
Cost of Product Sold	`CostOfGoodsSold`	$253.23M	USD	1 Quarter
Cost of Product Sold	`CostOfGoodsSold`	$194.66M	USD	1 Quarter
Selling and Administrative	`SellingGeneralAndAdministrativeExpense`	$16.10M	USD	1 Quarter
Selling and Administrative	`SellingGeneralAndAdministrativeExpense`	$15.24M	USD	1 Quarter
Plant Restructuring	`RestructuringCharges`	-	USD	1 Quarter
Plant Restructuring	`RestructuringCharges`	$54.00K	USD	1 Quarter
Other Operating Income	`OtherOperatingIncome`	$151.00K	USD	1 Quarter
Other Operating Income	`OtherOperatingIncome`	$76.00K	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$209.82M	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$269.23M	USD	1 Quarter
Operating (Loss) Income	`OperatingIncomeLoss`	$-10.15M	USD	1 Quarter
Operating (Loss) Income	`OperatingIncomeLoss`	$10.12M	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$1.79M	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$1.94M	USD	1 Quarter
(Loss) Earnings Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-11.94M	USD	1 Quarter
(Loss) Earnings Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.19M	USD	1 Quarter
Income Taxes (Benefit) Expense	`IncomeTaxExpenseBenefit`	$2.91M	USD	1 Quarter
Income Taxes (Benefit) Expense	`IncomeTaxExpenseBenefit`	$-3.96M	USD	1 Quarter
Net (Loss) Earnings	`NetIncomeLoss`	$-7.97M	USD	1 Quarter
Net (Loss) Earnings	`NetIncomeLoss`	$5.28M	USD	1 Quarter
(Loss) Earnings Attributable to Common Stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.79M	USD	1 Quarter
(Loss) Earnings Attributable to Common Stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.71M	USD	1 Quarter
Basic (Loss) Earnings per Common Share (Note 12)	`EarningsPerShareBasic`	$-0.66	USD	1 Quarter
Basic (Loss) Earnings per Common Share (Note 12)	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Diluted (Loss) Earnings per Common Share (Note 12)	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Diluted (Loss) Earnings per Common Share (Note 12)	`EarningsPerShareDiluted`	$-0.66	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net (Loss) Earnings	`NetIncomeLoss`	$-7.97M	USD	1 Quarter
Net (Loss) Earnings	`NetIncomeLoss`	$5.28M	USD	1 Quarter
Depreciation & Amortization	`DepreciationAndAmortization`	$5.55M	USD	1 Quarter
Depreciation & Amortization	`DepreciationAndAmortization`	$5.57M	USD	1 Quarter
Gain on the Sale of Assets	`GainLossOnSaleOfProperty`	$151.00K	USD	1 Quarter
Gain on the Sale of Assets	`GainLossOnSaleOfProperty`	$76.00K	USD	1 Quarter
Deferred Income Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$-634.00K	USD	1 Quarter
Deferred Income Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$2.61M	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.80M	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-26.53M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-107.17M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-48.05M	USD	1 Quarter
Off-Season	`IncreaseDecreaseInOffSeasonReserve`	$-69.15M	USD	1 Quarter
Off-Season	`IncreaseDecreaseInOffSeasonReserve`	$-83.79M	USD	1 Quarter
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$7.11M	USD	1 Quarter
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$-295.00K	USD	1 Quarter
Income Taxes	`IncreaseDecreaseInIncomeTaxes`	$-4.32M	USD	1 Quarter
Income Taxes	`IncreaseDecreaseInIncomeTaxes`	$-8.20M	USD	1 Quarter
Accounts Payable, Accrued Expenses and Other Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.68M	USD	1 Quarter
Accounts Payable, Accrued Expenses and Other Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.49M	USD	1 Quarter
Net Cash Provided by Operations	`NetCashProvidedByUsedInOperatingActivities`	$31.40M	USD	1 Quarter
Net Cash Provided by Operations	`NetCashProvidedByUsedInOperatingActivities`	$26.19M	USD	1 Quarter
Additions to Property, Plant and Equipment	`PropertyPlantAndEquipmentAdditions`	$-5.57M	USD	1 Quarter
Additions to Property, Plant and Equipment	`PropertyPlantAndEquipmentAdditions`	$-6.64M	USD	1 Quarter
Proceeds from the Sale of Assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$151.00K	USD	1 Quarter
Proceeds from the Sale of Assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$76.00K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.42M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.56M	USD	1 Quarter
Long-Term Borrowing	`ProceedsFromIssuanceOfLongTermDebt`	$45.04M	USD	1 Quarter
Long-Term Borrowing	`ProceedsFromIssuanceOfLongTermDebt`	$61.48M	USD	1 Quarter
Payments on Long-Term Debt	`RepaymentsOfLongTermDebt`	$65.65M	USD	1 Quarter
Payments on Long-Term Debt	`RepaymentsOfLongTermDebt`	$83.58M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherNoncurrentAssets`	$-108.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherNoncurrentAssets`	$-108.00K	USD	1 Quarter
Dividends	`PaymentsOfDividends`	$12.00K	USD	1 Quarter
Dividends	`PaymentsOfDividends`	$12.00K	USD	1 Quarter
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.01M	USD	1 Quarter
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-20.51M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-877.00K	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.98M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$7.42M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$4.76M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$6.54M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$8.74M	USD	Point-in-time
Cash and Cash Equivalents, End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$7.42M	USD	Point-in-time
Cash and Cash Equivalents, End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$4.76M	USD	Point-in-time
Cash and Cash Equivalents, End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$6.54M	USD	Point-in-time
Cash and Cash Equivalents, End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$8.74M	USD	Point-in-time

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Change in pension and post retirement benefits,tax	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	$33.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$340.16M	USD	Point-in-time
Balance	`StockholdersEquity`	$345.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$353.83M	USD	Point-in-time
Net (Loss) Earnings	`NetIncomeLoss`	$-7.97M	USD	1 Quarter
Net (Loss) Earnings	`NetIncomeLoss`	$5.28M	USD	1 Quarter
Balance	`StockholdersEquity`	$340.16M	USD	Point-in-time
Balance	`StockholdersEquity`	$345.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$353.83M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.