10-Q Filing

ESCALADE INC CIK: 33488 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-023996`
Period End Date	20140331
Filing Date	20140422
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	esca-20140322.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 106 Income Statement 26 Cash Flow Statement 52 Comprehensive Income 6

Balance Sheet 106 line items

Line Item	Tag	Value	Unit	Period
Receivables allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$969.00K	USD	Point-in-time
Receivables allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.32M	USD	Point-in-time
Receivables allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.31M	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.54M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.35M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.03M	USD	Point-in-time
Time deposits	`DepositsAssetsCurrent`	$1.70M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Time deposits	`DepositsAssetsCurrent`	$1.95M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Time deposits	`DepositsAssetsCurrent`	$1.45M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.46M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.66M	shares	Point-in-time
Receivables, less allowance of $1,314; $1,321; and $969; respectively	`AccountsReceivableNetCurrent`	$26.56M	USD	Point-in-time
Receivables, less allowance of $1,314; $1,321; and $969; respectively	`AccountsReceivableNetCurrent`	$31.59M	USD	Point-in-time
Receivables, less allowance of $1,314; $1,321; and $969; respectively	`AccountsReceivableNetCurrent`	$43.75M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.79M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.46M	shares	Point-in-time
Inventories	`InventoryNet`	$36.89M	USD	Point-in-time
Inventories	`InventoryNet`	$32.93M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.79M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.66M	shares	Point-in-time
Inventories	`InventoryNet`	$28.31M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.04M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.46M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$996.00K	USD	Point-in-time
Deferred income tax benefit	`DeferredTaxAssetsNetCurrent`	$1.59M	USD	Point-in-time
Deferred income tax benefit	`DeferredTaxAssetsNetCurrent`	$2.22M	USD	Point-in-time
Deferred income tax benefit	`DeferredTaxAssetsNetCurrent`	$2.14M	USD	Point-in-time
Prepaid income tax	`PrepaidTaxes`	$604.00K	USD	Point-in-time
Prepaid income tax	`PrepaidTaxes`	-	USD	Point-in-time
Prepaid income tax	`PrepaidTaxes`	$853.00K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$69.90M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$73.20M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$81.22M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$14.66M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$14.17M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$14.96M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$12.33M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$12.75M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$12.19M	USD	Point-in-time
Goodwill	`Goodwill`	$12.02M	USD	Point-in-time
Goodwill	`Goodwill`	$13.11M	USD	Point-in-time
Goodwill	`Goodwill`	$13.11M	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$17.42M	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$20.31M	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$19.79M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$145.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$148.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$171.00K	USD	Point-in-time
Total assets	`Assets`	$133.62M	USD	Point-in-time
Total assets	`Assets`	$141.97M	USD	Point-in-time
Total assets	`Assets`	$125.99M	USD	Point-in-time
Notes payable	`ShortTermBankLoansAndNotesPayable`	$14.67M	USD	Point-in-time
Notes payable	`ShortTermBankLoansAndNotesPayable`	$21.70M	USD	Point-in-time
Notes payable	`ShortTermBankLoansAndNotesPayable`	$13.87M	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	$1.57M	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	$1.56M	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	$2.55M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$5.69M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$2.48M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$4.51M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$13.10M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$17.93M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$13.65M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$777.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$33.60M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$36.78M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$43.68M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.55M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.62M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.95M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$3.46M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$5.39M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$5.39M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$44.87M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$54.02M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$43.54M	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 - 13,786,966; 13,656,557; and 13,458,935; shares respectively	`CommonStockValue`	$13.66M	USD	Point-in-time
Common stock: Authorized 30,000,000 shares; no par value, issued and outstanding - 13,786,966; 13,656,557; and 13,458,935; shares respectively	`CommonStockValue`	$13.79M	USD	Point-in-time
Common stock: Authorized 30,000,000 shares; no par value, issued and outstanding - 13,786,966; 13,656,557; and 13,458,935; shares respectively	`CommonStockValue`	$13.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$63.65M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$69.38M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$70.94M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.34M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.92M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$81.13M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$90.08M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$87.95M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$133.62M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$125.99M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$141.97M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$31.84M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$34.07M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$22.72M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$20.96M	USD	1 Quarter
Selling, administrative and general expenses	`SellingGeneralAndAdministrativeExpense`	$7.27M	USD	1 Quarter
Selling, administrative and general expenses	`SellingGeneralAndAdministrativeExpense`	$7.25M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$571.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$557.00K	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$3.53M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$3.05M	USD	1 Quarter
Interest expense	`InterestExpense`	$167.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$156.00K	USD	1 Quarter
Other expense (income)	`OtherNonoperatingIncomeExpense`	$-38.00K	USD	1 Quarter
Other expense (income)	`OtherNonoperatingIncomeExpense`	$189.00K	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.84M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.57M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$1.22M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$1.32M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$2.25M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.62M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Dividends declared	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Dividends declared	`CommonStockDividendsPerShareDeclared`	$0.09	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.62M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.06M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.15M	USD	1 Quarter
(Gain) Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-6.00K	USD	1 Quarter
(Gain) Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$133.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$130.00K	USD	1 Quarter
Adjustments necessary to reconcile net income to net cash provided by operating activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.61M	USD	1 Quarter
Adjustments necessary to reconcile net income to net cash provided by operating activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$6.02M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$9.55M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$4.43M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$279.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$181.00K	USD	1 Quarter
Purchase of short-term time deposits	`PaymentsForTimeDeposits`	$750.00K	USD	1 Quarter
Purchase of short-term time deposits	`PaymentsForTimeDeposits`	-	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$7.00K	USD	1 Quarter
Proceeds from disposal of short-term time deposits	`ProceedsFromSaleOfShortTermInvestments`	$250.00K	USD	1 Quarter
Proceeds from disposal of short-term time deposits	`ProceedsFromSaleOfShortTermInvestments`	-	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-930.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-22.00K	USD	1 Quarter
Net decrease in notes payable	`IncreaseDecreaseInNotesPayableCurrent`	$-1.71M	USD	1 Quarter
Net decrease in notes payable	`IncreaseDecreaseInNotesPayableCurrent`	$-7.83M	USD	1 Quarter
Net decrease in overdraft facility	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	1 Quarter
Net decrease in overdraft facility	`ProceedsFromRepaymentsOfBankOverdrafts`	$-691.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$634.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$389.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$31.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$533.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$1.24M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$1.08M	USD	1 Quarter
Director stock compensation	`AllocatedShareBasedCompensationExpenseNetOfTax`	$23.00K	USD	1 Quarter
Director stock compensation	`AllocatedShareBasedCompensationExpenseNetOfTax`	$46.00K	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.04M	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-8.90M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$60.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-93.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$681.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-631.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.54M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.35M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.03M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.54M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.35M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.03M	USD	Point-in-time
Dividends payable	`DividendPayable`	$39.00K	USD	1 Quarter
Dividends payable	`DividendPayable`	$41.00K	USD	1 Quarter
Seller note issued in purchase of real estate	`NotesIssued1`	-	USD	1 Quarter
Seller note issued in purchase of real estate	`NotesIssued1`	$2.30M	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.62M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-78.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$425.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.68M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.55M	USD	1 Quarter

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