10-Q Filing

ESCALADE INC CIK: 33488 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-021142`
Period End Date	20170331
Filing Date	20170420
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	esca-20170325.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 99 Income Statement 30 Cash Flow Statement 50 Comprehensive Income 6

Balance Sheet 99 line items

Line Item	Tag	Value	Unit	Period
Receivables allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$910.00K	USD	Point-in-time
Receivables allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.89M	USD	Point-in-time
Receivables allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.15M	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.54M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Receivables, less allowance of $1,154; $910; and $1,888; respectively	`AccountsReceivableNetCurrent`	$32.47M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Receivables, less allowance of $1,154; $910; and $1,888; respectively	`AccountsReceivableNetCurrent`	$35.89M	USD	Point-in-time
Receivables, less allowance of $1,154; $910; and $1,888; respectively	`AccountsReceivableNetCurrent`	$29.27M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Inventories	`InventoryNet`	$37.38M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.25M	shares	Point-in-time
Inventories	`InventoryNet`	$37.19M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.30M	shares	Point-in-time
Inventories	`InventoryNet`	$33.80M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.35M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.35M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.97M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.80M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.30M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.25M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.88M	USD	Point-in-time
Deferred income tax benefit	`DeferredTaxAssetsNetCurrent`	$1.28M	USD	Point-in-time
Deferred income tax benefit	`DeferredTaxAssetsNetCurrent`	$1.60M	USD	Point-in-time
Deferred income tax benefit	`DeferredTaxAssetsNetCurrent`	-	USD	Point-in-time
Prepaid income tax	`PrepaidTaxes`	-	USD	Point-in-time
Prepaid income tax	`PrepaidTaxes`	$1.24M	USD	Point-in-time
Prepaid income tax	`PrepaidTaxes`	$833.00K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$71.88M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$77.91M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$75.62M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$14.07M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$13.71M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$13.53M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$20.86M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$22.40M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$20.91M	USD	Point-in-time
Goodwill	`Goodwill`	$21.46M	USD	Point-in-time
Goodwill	`Goodwill`	$21.46M	USD	Point-in-time
Goodwill	`Goodwill`	$21.55M	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$19.32M	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$17.36M	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$19.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$81.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$72.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$113.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$150.76M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$155.26M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$145.30M	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	$1.91M	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	$1.25M	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	$1.30M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$6.47M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$6.56M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$4.38M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$9.80M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$12.79M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$7.10M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$105.00K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$15.07M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$18.42M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$18.18M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$23.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$32.14M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$24.19M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$5.03M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$7.20M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$6.44M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$49.05M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$57.51M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$43.10M	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 - 14,345,528; 14,304,959; and 14,254,972; shares respectively	`CommonStockValue`	$14.26M	USD	Point-in-time
Common stock: Authorized 30,000,000 shares; no par value, issued and outstanding - 14,345,528; 14,304,959; and 14,254,972; shares respectively	`CommonStockValue`	$14.30M	USD	Point-in-time
Common stock: Authorized 30,000,000 shares; no par value, issued and outstanding - 14,345,528; 14,304,959; and 14,254,972; shares respectively	`CommonStockValue`	$14.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$91.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$91.59M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$85.99M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.73M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.28M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.50M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$101.71M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$102.20M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$97.75M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$155.26M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$150.76M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$145.30M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$30.81M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$34.57M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$22.53M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$23.54M	USD	1 Quarter
Selling, administrative and general expenses	`SellingGeneralAndAdministrativeExpense`	$5.93M	USD	1 Quarter
Selling, administrative and general expenses	`SellingGeneralAndAdministrativeExpense`	$7.76M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$358.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$788.00K	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$2.00M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$2.48M	USD	1 Quarter
Interest expense	`InterestExpense`	$167.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$164.00K	USD	1 Quarter
Equity in earnings (loss) of affiliates	`IncomeLossFromEquityMethodInvestments`	$-52.00K	USD	1 Quarter
Equity in earnings (loss) of affiliates	`IncomeLossFromEquityMethodInvestments`	$49.00K	USD	1 Quarter
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$256.00K	USD	1 Quarter
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$59.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$4.00K	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.42M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.04M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$725.00K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$649.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.70M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.39M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Dividends declared	`CommonStockDividendsPerShareDeclared`	$0.12	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`	$1.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.39M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$901.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.61M	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.00K	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`	$114.00K	USD	1 Quarter
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$256.00K	USD	1 Quarter
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	-	USD	1 Quarter
Dividends received from equity method investments	`EquityMethodInvestmentDividendsOrDistributions`	$2.17M	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`	$1.56M	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	`NetCashProvidedByUsedInOperatingActivities`	$1.68M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.87M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$197.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$546.00K	USD	1 Quarter
Acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.40M	USD	1 Quarter
Acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$9.46M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$193.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.81M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.59M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$13.95M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$24.32M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$15.14M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$13.60M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$353.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$86.00K	USD	1 Quarter
Deferred financing fees	`PaymentsOfFinancingCosts`	$83.00K	USD	1 Quarter
Deferred financing fees	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$1.65M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$1.57M	USD	1 Quarter
Net cash provided by (used by) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.75M	USD	1 Quarter
Net cash provided by (used by) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.41M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.28M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.52M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$2.54M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$1.98M	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`	$1.01M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$2.54M	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`	$3.26M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$1.01M	USD	Point-in-time
Dividends payable	`DividendPayable`	-	USD	1 Quarter
Dividends payable	`DividendPayable`	$2.00K	USD	1 Quarter
Note payable for deferred purchase price obligation	`NotesAssumed1`	$50.00K	USD	1 Quarter
Note payable for deferred purchase price obligation	`NotesAssumed1`	-	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$1.70M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.39M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$681.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$549.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$1.94M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$2.38M	USD	1 Quarter

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