10-Q Filing

SENECA FOODS CORP CIK: 88948 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000088948-12-000025`
Period End Date	20120630
Filing Date	20120803
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	senea-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 108 Income Statement 28 Cash Flow Statement 50 Stockholders Equity 11 Comprehensive Income 7

Balance Sheet 108 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`	$4.76M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.42M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.17M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.74M	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$77.11M	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$55.91M	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$60.74M	USD	Point-in-time
Loans Receivable (Note 2)	`NotesAndLoansReceivableNetCurrent`	$10.00M	USD	Point-in-time
Loans Receivable (Note 2)	`NotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Loans Receivable (Note 2)	`NotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Finished Goods	`InventoryFinishedGoods`	$307.91M	USD	Point-in-time
Finished Goods	`InventoryFinishedGoods`	$305.86M	USD	Point-in-time
Finished Goods	`InventoryFinishedGoods`	$262.41M	USD	Point-in-time
Work in Process	`InventoryWorkInProcess`	$7.56M	USD	Point-in-time
Work in Process	`InventoryWorkInProcess`	$10.75M	USD	Point-in-time
Work in Process	`InventoryWorkInProcess`	$16.08M	USD	Point-in-time
Raw Materials and Supplies	`InventoryRawMaterialsAndSupplies`	$158.70M	USD	Point-in-time
Raw Materials and Supplies	`InventoryRawMaterialsAndSupplies`	$108.44M	USD	Point-in-time
Raw Materials and Supplies	`InventoryRawMaterialsAndSupplies`	$144.96M	USD	Point-in-time
Total Inventories	`InventoryNet`	$432.43M	USD	Point-in-time
Total Inventories	`InventoryNet`	$431.86M	USD	Point-in-time
Total Inventories	`InventoryNet`	$458.37M	USD	Point-in-time
Deferred Income Tax Asset, Net	`DeferredTaxAssetsNetCurrent`	$7.49M	USD	Point-in-time
Deferred Income Tax Asset, Net	`DeferredTaxAssetsNetCurrent`	$8.61M	USD	Point-in-time
Deferred Income Tax Asset, Net	`DeferredTaxAssetsNetCurrent`	$8.64M	USD	Point-in-time
Refundable Income Taxes	`IncomeTaxesReceivable`	$316.00K	USD	Point-in-time
Refundable Income Taxes	`IncomeTaxesReceivable`	$7.71M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$5.24M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$5.34M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$17.22M	USD	Point-in-time
Assets Current	`AssetsCurrent`	$543.25M	USD	Point-in-time
Assets Current	`AssetsCurrent`	$533.76M	USD	Point-in-time
Assets Current	`AssetsCurrent`	$540.29M	USD	Point-in-time
Deferred Tax Assets, Net, Noncurrent	`DeferredTaxAssetsNetNoncurrent`	$34.00K	USD	Point-in-time
Deferred Tax Assets, Net, Noncurrent	`DeferredTaxAssetsNetNoncurrent`	$403.00K	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$196.77M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$192.82M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$188.15M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$1.56M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$1.46M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$297.00K	USD	Point-in-time
Total Assets	`Assets`	$738.56M	USD	Point-in-time
Total Assets	`Assets`	$722.21M	USD	Point-in-time
Total Assets	`Assets`	$738.04M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$81.61M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$103.56M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$61.07M	USD	Point-in-time
Prepaid Revenue	`DeferredRevenueCurrent`	-	USD	Point-in-time
Prepaid Revenue	`DeferredRevenueCurrent`	-	USD	Point-in-time
Prepaid Revenue	`DeferredRevenueCurrent`	-	USD	Point-in-time
Accrued Vacation	`AccruedVacationCurrent`	$10.51M	USD	Point-in-time
Accrued Vacation	`AccruedVacationCurrent`	$10.60M	USD	Point-in-time
Accrued Vacation	`AccruedVacationCurrent`	$10.41M	USD	Point-in-time
Accrued Payroll	`AccruedSalariesCurrent`	$6.23M	USD	Point-in-time
Accrued Payroll	`AccruedSalariesCurrent`	$7.79M	USD	Point-in-time
Accrued Payroll	`AccruedSalariesCurrent`	$6.62M	USD	Point-in-time
Other Accrued Expenses	`OtherAccruedLiabilitiesCurrent`	$24.61M	USD	Point-in-time
Other Accrued Expenses	`OtherAccruedLiabilitiesCurrent`	$31.46M	USD	Point-in-time
Other Accrued Expenses	`OtherAccruedLiabilitiesCurrent`	$23.60M	USD	Point-in-time
Income Taxes Payable	`AccruedIncomeTaxesCurrent`	$3.53M	USD	Point-in-time
Income Taxes Payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income Taxes Payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Current Portion of Long-Term Debt (Note 4)	`LongTermDebtCurrent`	$11.99M	USD	Point-in-time
Current Portion of Long-Term Debt (Note 4)	`LongTermDebtCurrent`	$7.48M	USD	Point-in-time
Current Portion of Long-Term Debt (Note 4)	`LongTermDebtCurrent`	$7.34M	USD	Point-in-time
Liabilities Current	`LiabilitiesCurrent`	$155.38M	USD	Point-in-time
Liabilities Current	`LiabilitiesCurrent`	$118.17M	USD	Point-in-time
Liabilities Current	`LiabilitiesCurrent`	$134.84M	USD	Point-in-time
Long-Term Debt, Less Current Portion (Note 4)	`LongTermDebtNoncurrent`	$198.53M	USD	Point-in-time
Long-Term Debt, Less Current Portion (Note 4)	`LongTermDebtNoncurrent`	$226.87M	USD	Point-in-time
Long-Term Debt, Less Current Portion (Note 4)	`LongTermDebtNoncurrent`	$180.80M	USD	Point-in-time
Deferred Income Taxes, Net	`DeferredIncomeTaxLiabilities`	$5.62M	USD	Point-in-time
Deferred Income Taxes, Net	`DeferredIncomeTaxLiabilities`	-	USD	Point-in-time
Deferred Income Taxes, Net	`DeferredIncomeTaxLiabilities`	-	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$37.40M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$38.32M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$39.94M	USD	Point-in-time
Total Liabilities	`Liabilities`	$376.39M	USD	Point-in-time
Total Liabilities	`Liabilities`	$383.36M	USD	Point-in-time
Total Liabilities	`Liabilities`	$376.13M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	$6.27M	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	$6.27M	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	$6.33M	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`	$2.94M	USD	Point-in-time
Common Stock $.25 Par Value Per Share	`CommonStockValue`	$2.94M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$92.14M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$92.19M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$91.98M	USD	Point-in-time
Treasury Stock, at cost	`TreasuryStockValue`	$1.44M	USD	Point-in-time
Treasury Stock, at cost	`TreasuryStockValue`	$257.00K	USD	Point-in-time
Treasury Stock, at cost	`TreasuryStockValue`	$1.88M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.03M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.34M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.32M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$258.86M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$286.26M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$278.08M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$362.43M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$345.82M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$354.67M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$738.56M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$738.04M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$722.21M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$231.05M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$257.84M	USD	1 Quarter
Cost of Product Sold	`CostOfGoodsSold`	$251.98M	USD	1 Quarter
Cost of Product Sold	`CostOfGoodsSold`	$201.98M	USD	1 Quarter
Selling and Administrative	`SellingGeneralAndAdministrativeExpense`	$16.10M	USD	1 Quarter
Selling and Administrative	`SellingGeneralAndAdministrativeExpense`	$14.83M	USD	1 Quarter
Plant Restructuring	`RestructuringCharges`	$54.00K	USD	1 Quarter
Plant Restructuring	`RestructuringCharges`	-	USD	1 Quarter
Other Operating Income	`OtherOperatingIncome`	$18.00K	USD	1 Quarter
Other Operating Income	`OtherOperatingIncome`	$151.00K	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$216.79M	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$267.99M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-10.15M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$14.27M	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$1.79M	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$1.48M	USD	1 Quarter
Earnings (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.79M	USD	1 Quarter
Earnings (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-11.94M	USD	1 Quarter
Income Taxes Expense (Benefit)	`IncomeTaxExpenseBenefit`	$-3.96M	USD	1 Quarter
Income Taxes Expense (Benefit)	`IncomeTaxExpenseBenefit`	$4.60M	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$8.19M	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$-7.97M	USD	1 Quarter
Earnings (Loss) Attributable to Common Stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.91M	USD	1 Quarter
Earnings (Loss) Attributable to Common Stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.71M	USD	1 Quarter
Basic Earnings (Loss) per Common Share (Note 9)	`EarningsPerShareBasic`	$-0.66	USD	1 Quarter
Basic Earnings (Loss) per Common Share (Note 9)	`EarningsPerShareBasic`	$0.68	USD	1 Quarter
Diluted Earnings (Loss) per Common Share (Note 9)	`EarningsPerShareDiluted`	$0.67	USD	1 Quarter
Diluted Earnings (Loss) per Common Share (Note 9)	`EarningsPerShareDiluted`	$-0.66	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net Earnings (Loss)	`NetIncomeLoss`	$8.19M	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$-7.97M	USD	1 Quarter
Depreciation & Amortization	`DepreciationAndAmortization`	$5.69M	USD	1 Quarter
Depreciation & Amortization	`DepreciationAndAmortization`	$5.57M	USD	1 Quarter
Gain on the Sale of Assets	`GainLossOnSaleOfProperty`	$18.00K	USD	1 Quarter
Gain on the Sale of Assets	`GainLossOnSaleOfProperty`	$151.00K	USD	1 Quarter
Deferred Income Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$416.00K	USD	1 Quarter
Deferred Income Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$2.61M	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-21.20M	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.80M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-23.37M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$25.93M	USD	1 Quarter
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$-10.10M	USD	1 Quarter
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$7.11M	USD	1 Quarter
Income Taxes	`IncreaseDecreaseInIncomeTaxes`	$-8.20M	USD	1 Quarter
Income Taxes	`IncreaseDecreaseInIncomeTaxes`	$3.85M	USD	1 Quarter
Accounts Payable, Accrued Expenses and Other Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$35.09M	USD	1 Quarter
Accounts Payable, Accrued Expenses and Other Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.49M	USD	1 Quarter
Net Cash Used in Operations	`NetCashProvidedByUsedInOperatingActivities`	$58.58M	USD	1 Quarter
Net Cash Used in Operations	`NetCashProvidedByUsedInOperatingActivities`	$31.40M	USD	1 Quarter
Additions to Property, Plant and Equipment	`PropertyPlantAndEquipmentAdditions`	$-9.53M	USD	1 Quarter
Additions to Property, Plant and Equipment	`PropertyPlantAndEquipmentAdditions`	$-5.57M	USD	1 Quarter
Proceeds from the Sale of Assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$151.00K	USD	1 Quarter
Proceeds from the Sale of Assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$18.00K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.51M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.42M	USD	1 Quarter
Long-Term Borrowing	`ProceedsFromIssuanceOfLongTermDebt`	$61.48M	USD	1 Quarter
Long-Term Borrowing	`ProceedsFromIssuanceOfLongTermDebt`	$30.68M	USD	1 Quarter
Payments on Long-Term Debt	`RepaymentsOfLongTermDebt`	$76.61M	USD	1 Quarter
Payments on Long-Term Debt	`RepaymentsOfLongTermDebt`	$83.58M	USD	1 Quarter
Borrowings on Notes Payable	`ProceedsFromShortTermDebt`	-	USD	1 Quarter
Borrowings on Notes Payable	`ProceedsFromShortTermDebt`	-	USD	1 Quarter
Other	`IncreaseDecreaseInOtherNoncurrentAssets`	$-69.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherNoncurrentAssets`	$-108.00K	USD	1 Quarter
Purchase of Treasury Stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Purchase of Treasury Stock	`PaymentsForRepurchaseOfCommonStock`	$445.00K	USD	1 Quarter
Dividends	`PaymentsOfDividends`	$12.00K	USD	1 Quarter
Dividends	`PaymentsOfDividends`	$12.00K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-46.31M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.01M	USD	1 Quarter
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.98M	USD	1 Quarter
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.75M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$4.76M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$9.42M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$12.17M	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`	$4.76M	USD	Point-in-time
Cash and Cash Equivalents, End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$9.42M	USD	Point-in-time
Cash and Cash Equivalents, End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$12.17M	USD	Point-in-time
Cash and Cash Equivalents, End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$8.74M	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Change in pension and post retirement benefits,tax	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	$16.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$362.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$345.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$354.67M	USD	Point-in-time
Net Earnings (Loss)	`NetIncomeLoss`	$8.19M	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$-7.97M	USD	1 Quarter
Change in pension and post retirement benefits adjustment (net of tax $16)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	$-52.00K	USD	1 Quarter
Change in pension and post retirement benefits adjustment (net of tax $16)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	$-25.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$362.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$345.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$354.67M	USD	Point-in-time

Comprehensive Income 7 line items

Line Item	Tag	Value	Unit	Period
Change in pension and post retirement benefits,tax	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	$16.00K	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$8.19M	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$-7.97M	USD	1 Quarter
Change in pension and post retirement benefits adjustment (net of tax $16)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	$-52.00K	USD	1 Quarter
Change in pension and post retirement benefits adjustment (net of tax $16)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	$-25.00K	USD	1 Quarter
Other Comprehensive Income (Loss), before Tax	`OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease`	$8.17M	USD	1 Quarter
Other Comprehensive Income (Loss), before Tax	`OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease`	$-8.03M	USD	1 Quarter

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