10-Q Filing

ESCALADE INC CIK: 33488 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001104659-20-047169`
Period End Date	20200331
Filing Date	20200416
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	esca-20200321.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 111 Income Statement 26 Cash Flow Statement 42 Stockholders Equity 20

Balance Sheet 111 line items

Line Item	Tag	Value	Unit	Period
Receivables allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$548.00K	USD	Point-in-time
Receivables allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$565.00K	USD	Point-in-time
Receivables allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$483.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.17M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.82M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.30M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.88M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.30M	USD	Point-in-time
Receivables, less allowance of $565; $483; and $548; respectively	`AccountsReceivableNetCurrent`	$31.95M	USD	Point-in-time
Receivables, less allowance of $565; $483; and $548; respectively	`AccountsReceivableNetCurrent`	$32.59M	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Receivables, less allowance of $565; $483; and $548; respectively	`AccountsReceivableNetCurrent`	$35.45M	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Inventories	`InventoryNet`	$42.23M	USD	Point-in-time
Inventories	`InventoryNet`	$47.74M	USD	Point-in-time
Common stock, Par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, Par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventories	`InventoryNet`	$42.27M	USD	Point-in-time
Common stock, Par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.99M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.15M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.65M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.21M	shares	Point-in-time
Prepaid income tax	`PrepaidIncomeTax`	$1.03M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.47M	shares	Point-in-time
Prepaid income tax	`PrepaidIncomeTax`	$163.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.10M	shares	Point-in-time
Prepaid income tax	`PrepaidIncomeTax`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.10M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.21M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$83.64M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$86.92M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.47M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$88.01M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$14.87M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$15.11M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$15.52M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.58M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$878.00K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.08M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$18.51M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$19.45M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$18.85M	USD	Point-in-time
Goodwill	`Goodwill`	$26.75M	USD	Point-in-time
Goodwill	`Goodwill`	$26.38M	USD	Point-in-time
Goodwill	`Goodwill`	$26.75M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$90.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$77.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$69.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$145.42M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$148.78M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$150.33M	USD	Point-in-time
Note payable	`NotesPayableCurrent`	-	USD	Point-in-time
Note payable	`NotesPayableCurrent`	-	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$135.00K	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$6.39M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$7.76M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$7.76M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$8.03M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$9.69M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$6.51M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$315.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$730.00K	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$595.00K	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$621.00K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$14.86M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$15.46M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$18.21M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.66M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$3.41M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$3.54M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$3.54M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$867.00K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$475.00K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$288.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$387.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$387.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.09M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$20.25M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$22.61M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$23.32M	USD	Point-in-time
Preferred stock: Authorized 1,000,000 shares; no par value, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: Authorized 1,000,000 shares; no par value, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: Authorized 1,000,000 shares; no par value, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock Authorized 30,000,000 shares; no par value, issued and outstanding - 14,096,874; 14,214,777; and 14,471,496; shares respectively	`CommonStockValue`	$14.47M	USD	Point-in-time
Common stock Authorized 30,000,000 shares; no par value, issued and outstanding - 14,096,874; 14,214,777; and 14,471,496; shares respectively	`CommonStockValue`	$14.10M	USD	Point-in-time
Common stock Authorized 30,000,000 shares; no par value, issued and outstanding - 14,096,874; 14,214,777; and 14,471,496; shares respectively	`CommonStockValue`	$14.21M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$112.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$111.07M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$111.95M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$128.32M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$125.17M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$127.02M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$126.17M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$145.42M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$150.33M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$148.78M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$32.10M	USD	1 Quarter
Net Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$37.29M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$27.07M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$23.62M	USD	1 Quarter
Selling, administrative and general expenses	`SellingGeneralAndAdministrativeExpense`	$7.75M	USD	1 Quarter
Selling, administrative and general expenses	`SellingGeneralAndAdministrativeExpense`	$7.46M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$338.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$334.00K	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$394.00K	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$2.42M	USD	1 Quarter
Interest expense	`InterestExpense`	$68.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$44.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$46.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$6.00K	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.43M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$332.00K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$65.00K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$475.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.95M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$267.00K	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Dividends declared	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Dividends declared	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$267.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$928.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$936.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$212.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$77.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$144.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$136.00K	USD	1 Quarter
Adjustments necessary to reconcile net income to net cash provided by operating activities	`CashFlowAdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$767.00K	USD	1 Quarter
Adjustments necessary to reconcile net income to net cash provided by operating activities	`CashFlowAdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.31M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.86M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$248.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$623.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$351.00K	USD	1 Quarter
Payment on note payable related to an acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Payment on note payable related to an acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$135.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-486.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-623.00K	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$679.00K	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$14.20M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$679.00K	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$10.54M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$118.00K	USD	1 Quarter
Deferred financing fees	`PaymentsOfFinancingCosts`	$96.00K	USD	1 Quarter
Purchase of stock	`PaymentsForRepurchaseOfCommonStock`	$1.33M	USD	1 Quarter
Purchase of stock	`PaymentsForRepurchaseOfCommonStock`	$25.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$1.81M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$1.76M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.85M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.09M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.48M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$285.00K	USD	1 Quarter
Cash and Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.17M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.82M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.30M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.88M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.30M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.17M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.82M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.30M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.88M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.30M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$128.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$125.17M	USD	Point-in-time
Balance	`StockholdersEquity`	$127.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$126.17M	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$267.00K	USD	1 Quarter
Expense of stock options and restricted stock units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$136.00K	USD	1 Quarter
Expense of stock options and restricted stock units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$144.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$118.00K	USD	1 Quarter
Settlement of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Settlement of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$1.76M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$1.80M	USD	Point-in-time
Dividends declared	`DividendsCommonStockCash`	$1.81M	USD	1 Quarter
Purchase of stock	`StockRepurchasedDuringPeriodValue`	$1.33M	USD	1 Quarter
Purchase of stock	`StockRepurchasedDuringPeriodValue`	$25.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$128.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$125.17M	USD	Point-in-time
Balance	`StockholdersEquity`	$127.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$126.17M	USD	Point-in-time

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