10-Q Filing

CAL-MAINE FOODS INC CIK: 16160 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-054629`
Period End Date	20120831
Filing Date	20121004
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	calm-20120901.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 36 Cash Flow Statement 39 Comprehensive Income 16

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$503.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$589.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$97.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$82.54M	USD	Point-in-time
Investment securities available-for-sale	`AvailableForSaleSecuritiesCurrent`	$178.66M	USD	Point-in-time
Investment securities available-for-sale	`AvailableForSaleSecuritiesCurrent`	$163.62M	USD	Point-in-time
Trade receivables (less allowance for doubtful accounts of $503 at September 1, 2012 and $589 at June 2, 2012) and other receivables	`AccountsAndOtherReceivablesNetCurrent`	$62.77M	USD	Point-in-time
Trade receivables (less allowance for doubtful accounts of $503 at September 1, 2012 and $589 at June 2, 2012) and other receivables	`AccountsAndOtherReceivablesNetCurrent`	$76.75M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.87M	shares	Point-in-time
Inventories	`InventoryNet`	$117.16M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.92M	shares	Point-in-time
Inventories	`InventoryNet`	$129.00M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	13.61M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	13.61M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.52M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.05M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$418.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$442.20M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$237.97M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$222.62M	USD	Point-in-time
Goodwill	`Goodwill`	$22.12M	USD	Point-in-time
Goodwill	`Goodwill`	$22.12M	USD	Point-in-time
Other investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$18.19M	USD	Point-in-time
Other investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$22.33M	USD	Point-in-time
Other intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$7.53M	USD	Point-in-time
Other intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$8.03M	USD	Point-in-time
Other long-lived assets	`OtherAssetsNoncurrent`	$6.44M	USD	Point-in-time
Other long-lived assets	`OtherAssetsNoncurrent`	$6.92M	USD	Point-in-time
Notes receivable - noncurrent	`NotesAndLoansReceivableNetNoncurrent`	$2.15M	USD	Point-in-time
Notes receivable - noncurrent	`NotesAndLoansReceivableNetNoncurrent`	$2.58M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$712.95M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$726.32M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$91.31M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$80.54M	USD	Point-in-time
Accrued dividends payable	`AccruedDividendsPayable`	$3.14M	USD	Point-in-time
Accrued dividends payable	`AccruedDividendsPayable`	$12.42M	USD	Point-in-time
Accrued dividends payable	`AccruedDividendsPayable`	$1.04M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$11.46M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$11.46M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$27.38M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$25.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$140.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$122.51M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$64.76M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$62.04M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$3.17M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$3.32M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$39.14M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$38.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$227.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$246.99M	USD	Point-in-time
Commitments and Contingencies - See Note 5	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies - See Note 5	`CommitmentsAndContingencies`	-	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$33.65M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$33.65M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$466.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$472.47M	USD	Point-in-time
Accumulated other comprehensive income (loss), net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$40.00K	USD	Point-in-time
Accumulated other comprehensive income (loss), net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-222.00K	USD	Point-in-time
Common stock in treasury at cost - 13,609 shares at September 1, 2012 and June 2, 2012	`TreasuryStockValue`	$20.84M	USD	Point-in-time
Common stock in treasury at cost - 13,609 shares at September 1, 2012 and June 2, 2012	`TreasuryStockValue`	$20.84M	USD	Point-in-time
Total Cal-Maine Foods, Inc. stockholders' equity	`StockholdersEquity`	$479.12M	USD	Point-in-time
Total Cal-Maine Foods, Inc. stockholders' equity	`StockholdersEquity`	$485.70M	USD	Point-in-time
Noncontrolling interest in consolidated entities	`MinorityInterest`	$255.00K	USD	Point-in-time
Noncontrolling interest in consolidated entities	`MinorityInterest`	$203.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$485.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$479.33M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$726.32M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$712.95M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$243.84M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$272.93M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$228.21M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$210.06M	USD	1 Quarter
Gross profit	`GrossProfit`	$33.79M	USD	1 Quarter
Gross profit	`GrossProfit`	$44.72M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$29.12M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$27.83M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$15.60M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.96M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$1.40M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$1.30M	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$402.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$172.00K	USD	1 Quarter
Nonoperating income (expense), total	`NonoperatingIncomeExpense`	$-896.00K	USD	1 Quarter
Nonoperating income (expense), total	`NonoperatingIncomeExpense`	$-1.22M	USD	1 Quarter
Income before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.73M	USD	1 Quarter
Income before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.70M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.68M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.18M	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$3.05M	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$9.52M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$105.00K	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-63.00K	USD	1 Quarter
Net income attributable to Cal-Maine Foods, Inc.	`NetIncomeLoss`	$3.12M	USD	1 Quarter
Net income attributable to Cal-Maine Foods, Inc.	`NetIncomeLoss`	$9.41M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Dividends per common share	`CommonStockDividendsPerShareDeclared`	$0.04	USD	1 Quarter
Dividends per common share	`CommonStockDividendsPerShareDeclared`	$0.13	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.92M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.87M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.96M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.95M	shares	1 Quarter

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$3.05M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$9.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.93M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.66M	USD	1 Quarter
Other adjustments, net	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-35.25M	USD	1 Quarter
Other adjustments, net	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-4.42M	USD	1 Quarter
Net cash provided by (used in) operations	`NetCashProvidedByUsedInOperatingActivities`	$-17.80M	USD	1 Quarter
Net cash provided by (used in) operations	`NetCashProvidedByUsedInOperatingActivities`	$6.29M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$50.95M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$14.88M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$36.34M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$39.33M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.45M	USD	1 Quarter
Payments received on notes receivable and from affiliates	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$4.12M	USD	1 Quarter
Payments received on notes receivable and from affiliates	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$5.08M	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$16.32M	USD	1 Quarter
Increase in notes receivable and investments in affiliates	`IncreaseInNotesReceivableAndInvestmentsInAffiliates`	$294.00K	USD	1 Quarter
Net proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$36.00K	USD	1 Quarter
Net proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$9.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.54M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$23.57M	USD	1 Quarter
Proceeds from issuance of common stock from treasury (including tax benefit on nonqualifying disposition of incentive stock options)	`ProceedsFromSaleOfTreasuryStock`	$203.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$2.73M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$2.76M	USD	1 Quarter
Payments of dividends	`PaymentsOfDividends`	$12.44M	USD	1 Quarter
Payments of dividends	`PaymentsOfDividends`	$2.44M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.16M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.99M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-66.51M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$24.86M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$97.13M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.62M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$57.68M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$82.54M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$97.13M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.62M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$57.68M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$82.54M	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$3.05M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$9.52M	USD	1 Quarter
Unrealized holding gain on available-for-sale securities, net of reclassification adjustments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$429.00K	USD	1 Quarter
Unrealized holding gain on available-for-sale securities, net of reclassification adjustments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$797.00K	USD	1 Quarter
Other comprehensive income, before tax	`OtherComprehensiveIncomeLossBeforeTax`	$797.00K	USD	1 Quarter
Other comprehensive income, before tax	`OtherComprehensiveIncomeLossBeforeTax`	$429.00K	USD	1 Quarter
Income tax expense related to items of other comprehensive income	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$167.00K	USD	1 Quarter
Income tax expense related to items of other comprehensive income	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$308.00K	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$489.00K	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$262.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$3.54M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$9.78M	USD	1 Quarter
Less: comprehensive loss attributable to the noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-63.00K	USD	1 Quarter
Less: comprehensive loss attributable to the noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$105.00K	USD	1 Quarter
Comprehensive income attributable to Cal-Maine Foods, Inc.	`ComprehensiveIncomeNetOfTax`	$9.68M	USD	1 Quarter
Comprehensive income attributable to Cal-Maine Foods, Inc.	`ComprehensiveIncomeNetOfTax`	$3.61M	USD	1 Quarter

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