10-Q Filing

SENECA FOODS CORP CIK: 88948 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0000088948-15-000029`
Period End Date	20150630
Filing Date	20150731
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	senea-20150627.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 104 Income Statement 30 Cash Flow Statement 56 Stockholders Equity 11 Comprehensive Income 6

Balance Sheet 104 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`	$7.93M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.10M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.61M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.84M	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$53.43M	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$54.31M	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$69.84M	USD	Point-in-time
Finished Goods	`InventoryFinishedGoods`	$301.70M	USD	Point-in-time
Finished Goods	`InventoryFinishedGoods`	$283.89M	USD	Point-in-time
Finished Goods	`InventoryFinishedGoods`	$278.84M	USD	Point-in-time
Work in Process	`InventoryWorkInProcess`	$8.36M	USD	Point-in-time
Work in Process	`InventoryWorkInProcess`	$10.17M	USD	Point-in-time
Work in Process	`InventoryWorkInProcess`	$7.73M	USD	Point-in-time
Raw Materials and Supplies	`InventoryRawMaterialsAndSupplies`	$195.98M	USD	Point-in-time
Raw Materials and Supplies	`InventoryRawMaterialsAndSupplies`	$160.54M	USD	Point-in-time
Raw Materials and Supplies	`InventoryRawMaterialsAndSupplies`	$175.04M	USD	Point-in-time
Total Inventories	`InventoryNet`	$482.56M	USD	Point-in-time
Total Inventories	`InventoryNet`	$472.41M	USD	Point-in-time
Total Inventories	`InventoryNet`	$467.29M	USD	Point-in-time
Deferred Income Tax Asset, Net	`DeferredTaxAssetsNetCurrent`	$8.41M	USD	Point-in-time
Deferred Income Tax Asset, Net	`DeferredTaxAssetsNetCurrent`	$6.95M	USD	Point-in-time
Deferred Income Tax Asset, Net	`DeferredTaxAssetsNetCurrent`	$7.00M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$28.17M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$27.44M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$12.57M	USD	Point-in-time
Assets Current	`AssetsCurrent`	$564.32M	USD	Point-in-time
Assets Current	`AssetsCurrent`	$568.40M	USD	Point-in-time
Assets Current	`AssetsCurrent`	$587.29M	USD	Point-in-time
Deferred Tax Assets, Net, Noncurrent	`DeferredTaxAssetsNetNoncurrent`	$15.06M	USD	Point-in-time
Deferred Tax Assets, Net, Noncurrent	`DeferredTaxAssetsNetNoncurrent`	$14.83M	USD	Point-in-time
Deferred Tax Assets, Net, Noncurrent	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$188.12M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$181.88M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$185.56M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$17.54M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$18.02M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$18.02M	USD	Point-in-time
Total Assets	`Assets`	$779.28M	USD	Point-in-time
Total Assets	`Assets`	$774.05M	USD	Point-in-time
Total Assets	`Assets`	$805.69M	USD	Point-in-time
Notes Payable	`NotesPayableToBankCurrent`	$9.90M	USD	Point-in-time
Notes Payable	`NotesPayableToBankCurrent`	$32.00K	USD	Point-in-time
Notes Payable	`NotesPayableToBankCurrent`	$4.88M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$87.64M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$68.11M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$86.27M	USD	Point-in-time
Accrued Vacation	`AccruedVacationCurrent`	$11.14M	USD	Point-in-time
Accrued Vacation	`AccruedVacationCurrent`	$11.41M	USD	Point-in-time
Accrued Vacation	`AccruedVacationCurrent`	$11.35M	USD	Point-in-time
Accrued Payroll	`AccruedSalariesCurrent`	$6.34M	USD	Point-in-time
Accrued Payroll	`AccruedSalariesCurrent`	$7.10M	USD	Point-in-time
Accrued Payroll	`AccruedSalariesCurrent`	$6.86M	USD	Point-in-time
Other Accrued Expenses	`OtherAccruedLiabilitiesCurrent`	$23.73M	USD	Point-in-time
Other Accrued Expenses	`OtherAccruedLiabilitiesCurrent`	$24.53M	USD	Point-in-time
Other Accrued Expenses	`OtherAccruedLiabilitiesCurrent`	$20.35M	USD	Point-in-time
Income Taxes Payable	`AccruedIncomeTaxesCurrent`	$272.00K	USD	Point-in-time
Income Taxes Payable	`AccruedIncomeTaxesCurrent`	$1.79M	USD	Point-in-time
Income Taxes Payable	`AccruedIncomeTaxesCurrent`	$1.72M	USD	Point-in-time
Current Portion of Long-Term Debt	`LongTermDebtCurrent`	$2.53M	USD	Point-in-time
Current Portion of Long-Term Debt	`LongTermDebtCurrent`	$2.57M	USD	Point-in-time
Current Portion of Long-Term Debt	`LongTermDebtCurrent`	$2.36M	USD	Point-in-time
Liabilities Current	`LiabilitiesCurrent`	$129.22M	USD	Point-in-time
Liabilities Current	`LiabilitiesCurrent`	$123.75M	USD	Point-in-time
Liabilities Current	`LiabilitiesCurrent`	$137.93M	USD	Point-in-time
Pension	`FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments`	$17.02M	USD	Point-in-time
Pension	`FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments`	$54.96M	USD	Point-in-time
Pension	`FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments`	$57.30M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtNoncurrent`	$235.33M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtNoncurrent`	$271.63M	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`	-	USD	Point-in-time
Deferred Income Taxes, Net	`DeferredIncomeTaxLiabilities`	-	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$3.62M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$3.42M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$11.37M	USD	Point-in-time
Total Liabilities	`Liabilities`	$425.27M	USD	Point-in-time
Total Liabilities	`Liabilities`	$387.62M	USD	Point-in-time
Total Liabilities	`Liabilities`	$453.96M	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	$2.12M	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	$1.34M	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	$2.12M	USD	Point-in-time
Common Stock $.25 Par Value Per Share	`CommonStockValue`	$3.02M	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`	$3.01M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$96.58M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$97.36M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$96.50M	USD	Point-in-time
Treasury Stock, at cost	`TreasuryStockValue`	$61.98M	USD	Point-in-time
Treasury Stock, at cost	`TreasuryStockValue`	$61.28M	USD	Point-in-time
Treasury Stock, at cost	`TreasuryStockValue`	$37.05M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.25M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-31.80M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-31.80M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$343.10M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$346.06M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$333.11M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$354.01M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$351.73M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$386.44M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$779.28M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$805.69M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$774.05M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$240.04M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$226.26M	USD	1 Quarter
Cost of Product Sold	`CostOfGoodsSold`	$205.68M	USD	1 Quarter
Cost of Product Sold	`CostOfGoodsSold`	$223.05M	USD	1 Quarter
Selling and Administrative	`SellingGeneralAndAdministrativeExpense`	$15.72M	USD	1 Quarter
Selling and Administrative	`SellingGeneralAndAdministrativeExpense`	$15.06M	USD	1 Quarter
Plant Restructuring	`RestructuringCharges`	-	USD	1 Quarter
Plant Restructuring	`RestructuringCharges`	$-81.00K	USD	1 Quarter
Other Operating Income	`OtherOperatingIncome`	$-279.00K	USD	1 Quarter
Other Operating Income	`OtherOperatingIncome`	$336.00K	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$220.32M	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$239.04M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$5.94M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$998.00K	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$1.37M	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$1.07M	USD	1 Quarter
Earnings From Equity Investment	`NetInvestmentIncome`	-	USD	1 Quarter
Earnings From Equity Investment	`NetInvestmentIncome`	$366.00K	USD	1 Quarter
Earnings (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$295.00K	USD	1 Quarter
Earnings (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.57M	USD	1 Quarter
Income Taxes Expense (Benefit)	`IncomeTaxExpenseBenefit`	$1.60M	USD	1 Quarter
Income Taxes Expense (Benefit)	`IncomeTaxExpenseBenefit`	$402.00K	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$-107.00K	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$2.97M	USD	1 Quarter
Earnings (Loss) Attributable to Common Stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.92M	USD	1 Quarter
Earnings (Loss) Attributable to Common Stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-110.00K	USD	1 Quarter
Basic Earnings (Loss) per Common Share	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Basic Earnings (Loss) per Common Share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Diluted Earnings (Loss) per Common Share	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Diluted Earnings (Loss) per Common Share	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net Earnings (Loss)	`NetIncomeLoss`	$-107.00K	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$2.97M	USD	1 Quarter
Depreciation & Amortization	`DepreciationAndAmortization`	$5.66M	USD	1 Quarter
Depreciation & Amortization	`DepreciationAndAmortization`	$5.32M	USD	1 Quarter
Gain on the Sale of Assets	`GainLossOnSaleOfProperty`	$76.00K	USD	1 Quarter
Gain on the Sale of Assets	`GainLossOnSaleOfProperty`	$-29.00K	USD	1 Quarter
Deferred Income Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$-188.00K	USD	1 Quarter
Deferred Income Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$355.00K	USD	1 Quarter
Impairment Provision	`OtherAssetImpairmentCharges`	-	USD	1 Quarter
Impairment Provision	`OtherAssetImpairmentCharges`	$-81.00K	USD	1 Quarter
NetInvestmentIncome	`NetInvestmentIncome`	-	USD	1 Quarter
NetInvestmentIncome	`NetInvestmentIncome`	$366.00K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-15.53M	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-23.53M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$10.14M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$16.04M	USD	1 Quarter
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$-14.87M	USD	1 Quarter
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$-5.42M	USD	1 Quarter
Income Taxes	`IncreaseDecreaseInIncomeTaxes`	$-66.00K	USD	1 Quarter
Income Taxes	`IncreaseDecreaseInIncomeTaxes`	$-641.00K	USD	1 Quarter
Accounts Payable, Accrued Expenses and Other Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$17.73M	USD	1 Quarter
Accounts Payable, Accrued Expenses and Other Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$18.12M	USD	1 Quarter
Net Cash Used in Operations	`NetCashProvidedByUsedInOperatingActivities`	$35.97M	USD	1 Quarter
Net Cash Used in Operations	`NetCashProvidedByUsedInOperatingActivities`	$45.85M	USD	1 Quarter
Additions to Property, Plant and Equipment	`PropertyPlantAndEquipmentAdditions`	$-1.76M	USD	1 Quarter
Additions to Property, Plant and Equipment	`PropertyPlantAndEquipmentAdditions`	$-12.46M	USD	1 Quarter
Proceeds from the Sale of Assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$83.00K	USD	1 Quarter
Proceeds from the Sale of Assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$152.00K	USD	1 Quarter
Purchase Equity Method Investment	`PaymentsToAcquireEquityMethodInvestments`	-	USD	1 Quarter
Purchase Equity Method Investment	`PaymentsToAcquireEquityMethodInvestments`	$16.31M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.61M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.68M	USD	1 Quarter
Long-Term Borrowing	`ProceedsFromIssuanceOfLongTermDebt`	$51.19M	USD	1 Quarter
Long-Term Borrowing	`ProceedsFromIssuanceOfLongTermDebt`	$17.58M	USD	1 Quarter
Payments on Long-Term Debt	`RepaymentsOfLongTermDebt`	$53.84M	USD	1 Quarter
Payments on Long-Term Debt	`RepaymentsOfLongTermDebt`	$46.73M	USD	1 Quarter
Borrowings on Notes Payable	`ProceedsFromShortTermDebt`	$-9.87M	USD	1 Quarter
Borrowings on Notes Payable	`ProceedsFromShortTermDebt`	$-7.38M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherNoncurrentAssets`	$-5.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherNoncurrentAssets`	$14.00K	USD	1 Quarter
Purchase of Treasury Stock	`PaymentsForRepurchaseOfCommonStock`	$703.00K	USD	1 Quarter
Purchase of Treasury Stock	`PaymentsForRepurchaseOfCommonStock`	$7.16M	USD	1 Quarter
Dividends	`PaymentsOfDividends`	$12.00K	USD	1 Quarter
Dividends	`PaymentsOfDividends`	$12.00K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.09M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-46.86M	USD	1 Quarter
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.73M	USD	1 Quarter
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.68M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$7.93M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$11.10M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$10.61M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$13.84M	USD	Point-in-time
Cash and Cash Equivalents, End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$7.93M	USD	Point-in-time
Cash and Cash Equivalents, End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$11.10M	USD	Point-in-time
Cash and Cash Equivalents, End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$10.61M	USD	Point-in-time
Cash and Cash Equivalents, End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$13.84M	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$354.01M	USD	Point-in-time
Balance	`StockholdersEquity`	$351.73M	USD	Point-in-time
Balance	`StockholdersEquity`	$386.44M	USD	Point-in-time
Net Earnings (Loss)	`NetIncomeLoss`	$-107.00K	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$2.97M	USD	1 Quarter
Treasury stock purchased	`TreasuryStockValueAcquiredCostMethod`	$24.93M	USD	Annual
Change in pension and post retirement benefits adjustment (net of tax)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	-	USD	1 Quarter
Change in pension and post retirement benefits adjustment (net of tax)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	-	USD	1 Quarter
Balance	`StockholdersEquity`	$354.01M	USD	Point-in-time
Balance	`StockholdersEquity`	$351.73M	USD	Point-in-time
Balance	`StockholdersEquity`	$386.44M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net Earnings (Loss)	`NetIncomeLoss`	$-107.00K	USD	1 Quarter
Net Earnings (Loss)	`NetIncomeLoss`	$2.97M	USD	1 Quarter
Change in pension and post retirement benefits adjustment (net of tax)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	-	USD	1 Quarter
Change in pension and post retirement benefits adjustment (net of tax)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	-	USD	1 Quarter
Other Comprehensive Income (Loss), net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$-107.00K	USD	1 Quarter
Other Comprehensive Income (Loss), net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$2.97M	USD	1 Quarter

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