10-Q Filing

ESCALADE INC CIK: 33488 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001019056-11-000778`
Period End Date	20110630
Filing Date	20110809
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	esca-20110709.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 100 Income Statement 48 Cash Flow Statement 43 Comprehensive Income 12

Balance Sheet 100 line items

Line Item	Tag	Value	Unit	Period
Receivables, less allowance (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$940.00K	USD	Point-in-time
Receivables, less allowance (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.48M	USD	Point-in-time
Receivables, less allowance (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.20M	USD	Point-in-time
Preferred Stock, Authorized Shares	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Stock, Authorized Shares	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Stock, Authorized Shares	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.46M	USD	Point-in-time
Preferred Stock, Par Value (in Dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
Preferred Stock, Par Value (in Dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred Stock, Par Value (in Dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.22M	USD	Point-in-time
Common Stock, Authorized Shares	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Common Stock, Authorized Shares	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Time deposits	`TimeDeposits`	$-1.00M	USD	Point-in-time
Common Stock, Authorized Shares	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Time deposits	`TimeDeposits`	$-1.25M	USD	Point-in-time
Time deposits	`TimeDeposits`	$-1.25M	USD	Point-in-time
Shares issued and outstanding	`CommonStockSharesIssued`	12.78M	shares	Point-in-time
Receivables, less allowance of $940; $1,479; and $1,204; respectively	`AccountsReceivableNetCurrent`	$25.46M	USD	Point-in-time
Shares issued and outstanding	`CommonStockSharesIssued`	12.72M	shares	Point-in-time
Shares issued and outstanding	`CommonStockSharesIssued`	12.86M	shares	Point-in-time
Receivables, less allowance of $940; $1,479; and $1,204; respectively	`AccountsReceivableNetCurrent`	$22.61M	USD	Point-in-time
Receivables, less allowance of $940; $1,479; and $1,204; respectively	`AccountsReceivableNetCurrent`	$21.52M	USD	Point-in-time
Inventories	`InventoryNet`	$32.73M	USD	Point-in-time
Common Stock - Par value (in Dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common Stock - Par value (in Dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Inventories	`InventoryNet`	$22.89M	USD	Point-in-time
Inventories	`InventoryNet`	$26.23M	USD	Point-in-time
Common Stock - Par value (in Dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.42M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.86M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.16M	USD	Point-in-time
Deferred income tax benefit	`DeferredTaxAssetsNetCurrent`	$1.31M	USD	Point-in-time
Deferred income tax benefit	`DeferredTaxAssetsNetCurrent`	$428.00K	USD	Point-in-time
Deferred income tax benefit	`DeferredTaxAssetsNetCurrent`	$1.50M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.22M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$55.01M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$53.31M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$61.73M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$19.59M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$19.84M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$20.04M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$15.05M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$16.21M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$15.68M	USD	Point-in-time
Goodwill	`Goodwill`	$25.40M	USD	Point-in-time
Goodwill	`Goodwill`	$25.10M	USD	Point-in-time
Goodwill	`Goodwill`	$26.16M	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$12.73M	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$9.12M	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$11.62M	USD	Point-in-time
Deferred income tax benefit	`DeferredTaxAssetsNetNoncurrent`	$215.00K	USD	Point-in-time
Assets	`Assets`	$124.00M	USD	Point-in-time
Assets	`Assets`	$127.55M	USD	Point-in-time
Assets	`Assets`	$135.28M	USD	Point-in-time
Notes payable	`ShortTermBankLoansAndNotesPayable`	$15.10M	USD	Point-in-time
Notes payable	`ShortTermBankLoansAndNotesPayable`	$13.82M	USD	Point-in-time
Notes payable	`ShortTermBankLoansAndNotesPayable`	$11.05M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.00M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$3.44M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$3.75M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$4.77M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$13.18M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$14.07M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$11.95M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxes`	$62.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxes`	$955.00K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$32.56M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$34.73M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$30.88M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$8.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$7.50M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$6.00M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$2.15M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$2.15M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$42.89M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$40.52M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$40.56M	USD	Point-in-time
Authorized 1,000,000 shares; no par value, none issued	`PreferredStockValue`	-	USD	Point-in-time
Authorized 1,000,000 shares; no par value, none issued	`PreferredStockValue`	-	USD	Point-in-time
Authorized 1,000,000 shares; no par value, none issued	`PreferredStockValue`	-	USD	Point-in-time
Authorized 30,000,000 shares; no par value, issued and outstanding 12,855,936; 12,724,832; and 12,780,372; shares respectively	`CommonStockValue`	$12.86M	USD	Point-in-time
Authorized 30,000,000 shares; no par value, issued and outstanding 12,855,936; 12,724,832; and 12,780,372; shares respectively	`CommonStockValue`	$12.72M	USD	Point-in-time
Authorized 30,000,000 shares; no par value, issued and outstanding 12,855,936; 12,724,832; and 12,780,372; shares respectively	`CommonStockValue`	$12.78M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$68.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$70.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$73.39M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.56M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.92M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.15M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$83.44M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$92.39M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$87.03M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$135.28M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$124.00M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$127.55M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$40.85M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$60.91M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$68.85M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$35.74M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$28.04M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$23.83M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$45.92M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$40.44M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.07M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$14.93M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.34M	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$391.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$492.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$674.00K	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$809.00K	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$4.78M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$4.86M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$3.45M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.72M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-228.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-422.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-782.00K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-412.00K	USD	2 Qtrs
Other income	`OtherIncome`	$513.00K	USD	1 Quarter
Other income	`OtherIncome`	$635.00K	USD	2 Qtrs
Other income	`OtherIncome`	$311.00K	USD	2 Qtrs
Other income	`OtherIncome`	$53.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.01M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.08M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.39M	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	$2.32M	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	$1.22M	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$1.52M	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$1.72M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.66M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.69M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.86M	USD	1 Quarter
Basic earnings per share (in Dollars per share)	`EarningsPerShareBasic`	$0.21	USD	2 Qtrs
Basic earnings per share (in Dollars per share)	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Basic earnings per share (in Dollars per share)	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic earnings per share (in Dollars per share)	`EarningsPerShareBasic`	$0.21	USD	2 Qtrs
Diluted earnings per share (in Dollars per share)	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Diluted earnings per share (in Dollars per share)	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted earnings per share (in Dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	2 Qtrs
Diluted earnings per share (in Dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	2 Qtrs

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.66M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.69M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.86M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.34M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.33M	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$11.00K	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$39.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$218.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$153.00K	USD	2 Qtrs
Adjustments necessary to reconcile net income to net cash provided by operating activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.56M	USD	2 Qtrs
Adjustments necessary to reconcile net income to net cash provided by operating activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-5.11M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$175.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.60M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$733.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$984.00K	USD	2 Qtrs
Purchase of short-term time deposits	`PaymentsToAcquireShortTermInvestments`	$500.00K	USD	2 Qtrs
Proceeds from sale of short-term time deposits	`ProceedsFromSaleOfShortTermInvestments`	$250.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.00K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-734.00K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.23M	USD	2 Qtrs
Net increase (decrease) in notes payable	`IncreaseDecreaseInNotesPayableCurrent`	$-3.33M	USD	2 Qtrs
Net increase (decrease) in notes payable	`IncreaseDecreaseInNotesPayableCurrent`	$2.77M	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$1.50M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$87.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$29.00K	USD	2 Qtrs
Stock option forfeiture	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	$-22.00K	USD	2 Qtrs
Director stock compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$-64.00K	USD	2 Qtrs
Director stock compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$-138.00K	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.50M	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.26M	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-250.00K	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$312.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-576.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$688.00K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.04M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.46M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.22M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.04M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.46M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.22M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.66M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.69M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.86M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-2.21M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$333.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-1.39M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$2.23M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$474.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.91M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.82M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$453.00K	USD	2 Qtrs

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