10-Q Filing

SENECA FOODS CORP CIK: 88948 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000088948-14-000027`
Period End Date	20140630
Filing Date	20140806
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	senea-20140628.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 102 Income Statement 29 Cash Flow Statement 51 Stockholders Equity 9 Comprehensive Income 4

Balance Sheet 102 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`	$6.07M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.84M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.10M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.10M	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$53.43M	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$53.27M	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$76.96M	USD	Point-in-time
Finished Goods	`InventoryFinishedGoods`	$283.89M	USD	Point-in-time
Finished Goods	`InventoryFinishedGoods`	$319.06M	USD	Point-in-time
Finished Goods	`InventoryFinishedGoods`	$304.95M	USD	Point-in-time
Work in Process	`InventoryWorkInProcess`	$5.51M	USD	Point-in-time
Work in Process	`InventoryWorkInProcess`	$12.35M	USD	Point-in-time
Work in Process	`InventoryWorkInProcess`	$8.36M	USD	Point-in-time
Raw Materials and Supplies	`InventoryRawMaterialsAndSupplies`	$133.94M	USD	Point-in-time
Raw Materials and Supplies	`InventoryRawMaterialsAndSupplies`	$160.12M	USD	Point-in-time
Raw Materials and Supplies	`InventoryRawMaterialsAndSupplies`	$175.04M	USD	Point-in-time
Total Inventories	`InventoryNet`	$467.29M	USD	Point-in-time
Total Inventories	`InventoryNet`	$484.69M	USD	Point-in-time
Total Inventories	`InventoryNet`	$451.25M	USD	Point-in-time
Deferred Income Tax Asset, Net	`DeferredTaxAssetsNetCurrent`	$8.41M	USD	Point-in-time
Deferred Income Tax Asset, Net	`DeferredTaxAssetsNetCurrent`	$9.53M	USD	Point-in-time
Deferred Income Tax Asset, Net	`DeferredTaxAssetsNetCurrent`	$8.41M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$33.59M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$28.17M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$32.44M	USD	Point-in-time
Assets Current	`AssetsCurrent`	$568.40M	USD	Point-in-time
Assets Current	`AssetsCurrent`	$584.06M	USD	Point-in-time
Assets Current	`AssetsCurrent`	$586.01M	USD	Point-in-time
Deferred Tax Assets, Net, Noncurrent	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Deferred Tax Assets, Net, Noncurrent	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Deferred Tax Assets, Net, Noncurrent	`DeferredTaxAssetsNetNoncurrent`	$2.77M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$183.92M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$188.12M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$186.88M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$17.54M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$877.00K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$1.09M	USD	Point-in-time
Total Assets	`Assets`	$774.05M	USD	Point-in-time
Total Assets	`Assets`	$776.75M	USD	Point-in-time
Total Assets	`Assets`	$768.85M	USD	Point-in-time
Notes Payable	`NotesPayableToBankCurrent`	$12.26M	USD	Point-in-time
Notes Payable	`NotesPayableToBankCurrent`	$4.88M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$90.07M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$87.64M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$71.22M	USD	Point-in-time
Accrued Vacation	`AccruedVacationCurrent`	$11.14M	USD	Point-in-time
Accrued Vacation	`AccruedVacationCurrent`	$10.97M	USD	Point-in-time
Accrued Vacation	`AccruedVacationCurrent`	$11.00M	USD	Point-in-time
Accrued Payroll	`AccruedSalariesCurrent`	$7.10M	USD	Point-in-time
Accrued Payroll	`AccruedSalariesCurrent`	$7.52M	USD	Point-in-time
Accrued Payroll	`AccruedSalariesCurrent`	$5.73M	USD	Point-in-time
Other Accrued Expenses	`OtherAccruedLiabilitiesCurrent`	$26.11M	USD	Point-in-time
Other Accrued Expenses	`OtherAccruedLiabilitiesCurrent`	$24.53M	USD	Point-in-time
Other Accrued Expenses	`OtherAccruedLiabilitiesCurrent`	$25.30M	USD	Point-in-time
Income Taxes Payable	`AccruedIncomeTaxesCurrent`	$1.99M	USD	Point-in-time
Income Taxes Payable	`AccruedIncomeTaxesCurrent`	$272.00K	USD	Point-in-time
Income Taxes Payable	`AccruedIncomeTaxesCurrent`	$913.00K	USD	Point-in-time
Current Portion of Long-Term Debt	`LongTermDebtCurrent`	$2.28M	USD	Point-in-time
Current Portion of Long-Term Debt	`LongTermDebtCurrent`	$2.36M	USD	Point-in-time
Current Portion of Long-Term Debt	`LongTermDebtCurrent`	$38.81M	USD	Point-in-time
Liabilities Current	`LiabilitiesCurrent`	$137.93M	USD	Point-in-time
Liabilities Current	`LiabilitiesCurrent`	$131.29M	USD	Point-in-time
Liabilities Current	`LiabilitiesCurrent`	$172.86M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtNoncurrent`	$192.52M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtNoncurrent`	$216.24M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtNoncurrent`	$220.60M	USD	Point-in-time
Deferred Income Taxes, Net	`DeferredIncomeTaxLiabilities`	$692.00K	USD	Point-in-time
Deferred Income Taxes, Net	`DeferredIncomeTaxLiabilities`	$339.00K	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$43.11M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$28.39M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$27.36M	USD	Point-in-time
Total Liabilities	`Liabilities`	$408.49M	USD	Point-in-time
Total Liabilities	`Liabilities`	$387.62M	USD	Point-in-time
Total Liabilities	`Liabilities`	$375.22M	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`	$2.12M	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	$5.33M	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	$5.42M	USD	Point-in-time
Common Stock $.25 Par Value Per Share	`CommonStockValue`	$3.01M	USD	Point-in-time
Common Stock $.25 Par Value Per Share	`CommonStockValue`	$2.96M	USD	Point-in-time
Common Stock $.25 Par Value Per Share	`CommonStockValue`	$2.96M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$93.26M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$96.50M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$93.10M	USD	Point-in-time
Treasury Stock, at cost	`TreasuryStockValue`	$31.48M	USD	Point-in-time
Treasury Stock, at cost	`TreasuryStockValue`	$29.89M	USD	Point-in-time
Treasury Stock, at cost	`TreasuryStockValue`	$37.05M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.55M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.25M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.25M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$320.81M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$333.11M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$333.23M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$368.26M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$386.44M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$393.63M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$776.75M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$768.85M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$774.05M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$240.04M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$232.13M	USD	1 Quarter
Cost of Product Sold	`CostOfGoodsSold`	$212.45M	USD	1 Quarter
Cost of Product Sold	`CostOfGoodsSold`	$223.05M	USD	1 Quarter
Selling and Administrative	`SellingGeneralAndAdministrativeExpense`	$15.92M	USD	1 Quarter
Selling and Administrative	`SellingGeneralAndAdministrativeExpense`	$15.72M	USD	1 Quarter
Plant Restructuring	`RestructuringCharges`	-	USD	1 Quarter
Plant Restructuring	`RestructuringCharges`	$154.00K	USD	1 Quarter
Other Operating Income	`OtherOperatingIncome`	$-279.00K	USD	1 Quarter
Other Operating Income	`OtherOperatingIncome`	$181.00K	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$239.04M	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$228.34M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$998.00K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$3.79M	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$1.07M	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$1.83M	USD	1 Quarter
Earnings From Equity Investment	`NetInvestmentIncome`	$366.00K	USD	1 Quarter
Earnings (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.96M	USD	1 Quarter
Earnings (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$295.00K	USD	1 Quarter
Income Taxes Expense (Benefit)	`IncomeTaxExpenseBenefit`	$614.00K	USD	1 Quarter
Income Taxes Expense (Benefit)	`IncomeTaxExpenseBenefit`	$402.00K	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$1.35M	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$-107.00K	USD	1 Quarter
Earnings (Loss) Attributable to Common Stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-110.00K	USD	1 Quarter
Earnings (Loss) Attributable to Common Stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.30M	USD	1 Quarter
Basic Earnings (Loss) per Common Share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic Earnings (Loss) per Common Share	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Diluted Earnings (Loss) per Common Share	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Diluted Earnings (Loss) per Common Share	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net Earnings (Loss)	`NetIncomeLoss`	$1.35M	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$-107.00K	USD	1 Quarter
Depreciation & Amortization	`DepreciationAndAmortization`	$5.66M	USD	1 Quarter
Depreciation & Amortization	`DepreciationAndAmortization`	$5.86M	USD	1 Quarter
Gain on the Sale of Assets	`GainLossOnSaleOfProperty`	$743.00K	USD	1 Quarter
Gain on the Sale of Assets	`GainLossOnSaleOfProperty`	$-29.00K	USD	1 Quarter
Deferred Income Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$355.00K	USD	1 Quarter
Deferred Income Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$-808.00K	USD	1 Quarter
Impairment Provision	`OtherAssetImpairmentCharges`	$154.00K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-23.53M	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-29.66M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.12M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$16.04M	USD	1 Quarter
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$-5.42M	USD	1 Quarter
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$7.14M	USD	1 Quarter
Income Taxes	`IncreaseDecreaseInIncomeTaxes`	$-2.11M	USD	1 Quarter
Income Taxes	`IncreaseDecreaseInIncomeTaxes`	$-641.00K	USD	1 Quarter
Accounts Payable, Accrued Expenses and Other Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.43M	USD	1 Quarter
Accounts Payable, Accrued Expenses and Other Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.25M	USD	1 Quarter
Net Cash Used in Operations	`NetCashProvidedByUsedInOperatingActivities`	$33.46M	USD	1 Quarter
Net Cash Used in Operations	`NetCashProvidedByUsedInOperatingActivities`	$34.53M	USD	1 Quarter
Additions to Property, Plant and Equipment	`PropertyPlantAndEquipmentAdditions`	$-4.29M	USD	1 Quarter
Additions to Property, Plant and Equipment	`PropertyPlantAndEquipmentAdditions`	$-9.95M	USD	1 Quarter
Proceeds from the Sale of Assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$152.00K	USD	1 Quarter
Proceeds from the Sale of Assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$795.00K	USD	1 Quarter
Purchase Equity Method Investment	`PaymentsToAcquireEquityMethodInvestments`	$16.31M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.49M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.10M	USD	1 Quarter
Long-Term Borrowing	`ProceedsFromIssuanceOfLongTermDebt`	$51.19M	USD	1 Quarter
Long-Term Borrowing	`ProceedsFromIssuanceOfLongTermDebt`	$78.00M	USD	1 Quarter
Payments on Long-Term Debt	`RepaymentsOfLongTermDebt`	$116.86M	USD	1 Quarter
Payments on Long-Term Debt	`RepaymentsOfLongTermDebt`	$46.73M	USD	1 Quarter
Borrowings on Notes Payable	`ProceedsFromShortTermDebt`	$-7.38M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherNoncurrentAssets`	$-68.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherNoncurrentAssets`	$-5.00K	USD	1 Quarter
Purchase of Treasury Stock	`PaymentsForRepurchaseOfCommonStock`	$7.16M	USD	1 Quarter
Purchase of Treasury Stock	`PaymentsForRepurchaseOfCommonStock`	$271.00K	USD	1 Quarter
Dividends	`PaymentsOfDividends`	$12.00K	USD	1 Quarter
Dividends	`PaymentsOfDividends`	$12.00K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-39.08M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.09M	USD	1 Quarter
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.04M	USD	1 Quarter
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.73M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$6.07M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$13.84M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$14.10M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$11.10M	USD	Point-in-time
Cash and Cash Equivalents, End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$6.07M	USD	Point-in-time
Cash and Cash Equivalents, End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$13.84M	USD	Point-in-time
Cash and Cash Equivalents, End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$14.10M	USD	Point-in-time
Cash and Cash Equivalents, End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$11.10M	USD	Point-in-time

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$368.26M	USD	Point-in-time
Balance	`StockholdersEquity`	$386.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$393.63M	USD	Point-in-time
Net Earnings (Loss)	`NetIncomeLoss`	$1.35M	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$-107.00K	USD	1 Quarter
Treasury stock purchased	`TreasuryStockValueAcquiredCostMethod`	$7.16M	USD	1 Quarter
Balance	`StockholdersEquity`	$368.26M	USD	Point-in-time
Balance	`StockholdersEquity`	$386.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$393.63M	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Net Earnings (Loss)	`NetIncomeLoss`	$1.35M	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$-107.00K	USD	1 Quarter
Other Comprehensive Income (Loss), before Tax	`OtherComprehensiveIncomeLossBeforeTax`	$-107.00K	USD	1 Quarter
Other Comprehensive Income (Loss), before Tax	`OtherComprehensiveIncomeLossBeforeTax`	$1.35M	USD	1 Quarter

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