10-Q Filing

ESCALADE INC CIK: 33488 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-094514`
Period End Date	20160331
Filing Date	20160415
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	esca-20160319.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 102 Income Statement 28 Cash Flow Statement 50 Comprehensive Income 6

Balance Sheet 102 line items

Line Item	Tag	Value	Unit	Period
Receivables allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.09M	USD	Point-in-time
Receivables allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$864.00K	USD	Point-in-time
Receivables allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.89M	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.26M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.98M	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
Time deposits	`DepositsAssetsCurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Time deposits	`DepositsAssetsCurrent`	-	USD	Point-in-time
Receivables, less allowance of $1,888; $1,086; and $864; respectively	`AccountsReceivableNetCurrent`	$38.98M	USD	Point-in-time
Receivables, less allowance of $1,888; $1,086; and $864; respectively	`AccountsReceivableNetCurrent`	$32.47M	USD	Point-in-time
Receivables, less allowance of $1,888; $1,086; and $864; respectively	`AccountsReceivableNetCurrent`	$28.42M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.18M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.25M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.03M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.25M	shares	Point-in-time
Inventories	`InventoryNet`	$29.98M	USD	Point-in-time
Inventories	`InventoryNet`	$25.86M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.03M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.18M	shares	Point-in-time
Inventories	`InventoryNet`	$37.38M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.53M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.71M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.08M	USD	Point-in-time
Deferred income tax benefit	`DeferredTaxAssetsNetCurrent`	$1.54M	USD	Point-in-time
Deferred income tax benefit	`DeferredTaxAssetsNetCurrent`	$1.60M	USD	Point-in-time
Deferred income tax benefit	`DeferredTaxAssetsNetCurrent`	$1.13M	USD	Point-in-time
Prepaid income tax	`PrepaidTaxes`	$1.91M	USD	Point-in-time
Prepaid income tax	`PrepaidTaxes`	$1.24M	USD	Point-in-time
Prepaid income tax	`PrepaidTaxes`	$3.61M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$72.81M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$67.82M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$78.02M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$14.36M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$11.59M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$14.07M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$16.87M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$22.40M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$12.83M	USD	Point-in-time
Goodwill	`Goodwill`	$21.46M	USD	Point-in-time
Goodwill	`Goodwill`	$14.88M	USD	Point-in-time
Goodwill	`Goodwill`	$20.05M	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$17.73M	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$19.32M	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$19.64M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$21.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$124.87M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$155.26M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$143.74M	USD	Point-in-time
Notes payable	`ShortTermBankLoansAndNotesPayable`	$13.74M	USD	Point-in-time
Notes payable	`ShortTermBankLoansAndNotesPayable`	$19.78M	USD	Point-in-time
Notes payable	`ShortTermBankLoansAndNotesPayable`	$25.89M	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	$1.81M	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	$1.59M	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	$1.91M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$6.47M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$2.55M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$4.82M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$9.80M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$14.17M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$8.54M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$28.69M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$44.06M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$38.31M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.75M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.96M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$6.25M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$3.00M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$7.20M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$7.20M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$47.26M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$57.51M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$34.65M	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 - 14,254,972; 14,179,844; and 14,025,184; shares respectively	`CommonStockValue`	$14.26M	USD	Point-in-time
Common stock: Authorized 30,000,000 shares; no par value, issued and outstanding - 14,254,972; 14,179,844; and 14,025,184; shares respectively	`CommonStockValue`	$14.18M	USD	Point-in-time
Common stock: Authorized 30,000,000 shares; no par value, issued and outstanding - 14,254,972; 14,179,844; and 14,025,184; shares respectively	`CommonStockValue`	$14.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$85.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$80.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$85.99M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.18M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.85M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.50M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$96.48M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$97.75M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$90.22M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$124.87M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$143.74M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$155.26M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$34.57M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$33.42M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$22.59M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$23.54M	USD	1 Quarter
Selling, administrative and general expenses	`SellingGeneralAndAdministrativeExpense`	$5.91M	USD	1 Quarter
Selling, administrative and general expenses	`SellingGeneralAndAdministrativeExpense`	$7.76M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$633.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$788.00K	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$4.29M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$2.48M	USD	1 Quarter
Interest expense	`InterestExpense`	$164.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$101.00K	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$49.00K	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$667.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$59.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$66.00K	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.92M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.42M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$725.00K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$1.42M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$3.50M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.70M	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`	$0.25	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.25	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Dividends declared	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter
Dividends declared	`CommonStockDividendsPerShareDeclared`	$0.11	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.61M	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$154.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$107.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$107.00K	USD	1 Quarter
Dividends received from equity method investments	`EquityMethodInvestmentDividendsOrDistributions`	-	USD	1 Quarter
Dividends received from equity method investments	`EquityMethodInvestmentDividendsOrDistributions`	$1.06M	USD	1 Quarter
Adjustments necessary to reconcile net income to net cash provided by operating activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.82M	USD	1 Quarter
Adjustments necessary to reconcile net income to net cash provided by operating activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.64M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.89M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.68M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$468.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$546.00K	USD	1 Quarter
Acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$9.46M	USD	1 Quarter
Acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$193.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-9.81M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-468.00K	USD	1 Quarter
Net increase (decrease) in notes payable	`IncreaseDecreaseInNotesPayableCurrent`	$-2.46M	USD	1 Quarter
Net increase (decrease) in notes payable	`IncreaseDecreaseInNotesPayableCurrent`	$6.11M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$394.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$400.00K	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$5.00M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$96.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$353.00K	USD	1 Quarter
Deferred financing fees	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Deferred financing fees	`PaymentsOfFinancingCosts`	$83.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$1.57M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$1.40M	USD	1 Quarter
Director stock compensation	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	-	USD	1 Quarter
Director stock compensation	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$28.00K	USD	1 Quarter
Net cash provided by (used by) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.13M	USD	1 Quarter
Net cash provided by (used by) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$9.41M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.28M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.71M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$1.98M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$3.23M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$3.26M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$1.52M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$1.98M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$3.23M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$3.26M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$1.52M	USD	Point-in-time
Dividends payable	`DividendPayable`	$1.00K	USD	1 Quarter
Dividends payable	`DividendPayable`	$2.00K	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$3.50M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.70M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$681.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.89M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$2.38M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$1.61M	USD	1 Quarter

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