10-Q Filing

ESCALADE INC CIK: 33488 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-021252`
Period End Date	20180331
Filing Date	20180419
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	esca-20180324.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 105 Income Statement 31 Cash Flow Statement 46 Comprehensive Income 6

Balance Sheet 105 line items

Line Item	Tag	Value	Unit	Period
Receivables allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.15M	USD	Point-in-time
Receivables allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$623.00K	USD	Point-in-time
Receivables allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$484.00K	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	`CashAndCashEquivalentsAtCarryingValue`	$2.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.57M	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Receivables, less allowance of $484; $623; and $1,154; respectively	`AccountsReceivableNetCurrent`	$29.27M	USD	Point-in-time
Receivables, less allowance of $484; $623; and $1,154; respectively	`AccountsReceivableNetCurrent`	$28.85M	USD	Point-in-time
Receivables, less allowance of $484; $623; and $1,154; respectively	`AccountsReceivableNetCurrent`	$39.35M	USD	Point-in-time
Inventories	`InventoryNet`	$37.19M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Inventories	`InventoryNet`	$35.16M	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
Inventories	`InventoryNet`	$40.11M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.37M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.87M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.88M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.42M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.41M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.35M	shares	Point-in-time
Prepaid income tax	`PrepaidTaxes`	$501.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.42M	shares	Point-in-time
Prepaid income tax	`PrepaidTaxes`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.37M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.35M	shares	Point-in-time
Prepaid income tax	`PrepaidTaxes`	$764.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$33.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	-	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$80.26M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$71.88M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$75.23M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$13.90M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$14.29M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$13.53M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$19.37M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$20.91M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$19.69M	USD	Point-in-time
Goodwill	`Goodwill`	$21.55M	USD	Point-in-time
Goodwill	`Goodwill`	$21.55M	USD	Point-in-time
Goodwill	`Goodwill`	$21.55M	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$20.18M	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$17.36M	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$20.28M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$72.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$42.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$145.30M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$150.22M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$156.10M	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
Current portion of long-term debt	`OtherLongTermDebtCurrent`	$18.94M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$6.56M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$5.19M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$4.29M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$7.10M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$14.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$8.13M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$105.00K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$32.26M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$19.54M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$15.07M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$23.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.75M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$21.87M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$5.03M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$2.45M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$2.47M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$553.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$553.00K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$39.01M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$43.10M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$44.44M	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 - 14,415,690; 14,371,586; and 14,345,528; shares respectively	`CommonStockValue`	$14.35M	USD	Point-in-time
Common stock: Authorized 30,000,000 shares; no par value, issued and outstanding - 14,415,690; 14,371,586; and 14,345,528; shares respectively	`CommonStockValue`	$14.37M	USD	Point-in-time
Common stock: Authorized 30,000,000 shares; no par value, issued and outstanding - 14,415,690; 14,371,586; and 14,345,528; shares respectively	`CommonStockValue`	$14.42M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$91.59M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$99.91M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$99.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.61M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.73M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$111.21M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$102.20M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$111.67M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$145.30M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$150.22M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$156.10M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$31.87M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$32.15M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$23.58M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$23.16M	USD	1 Quarter
Selling, administrative and general expenses	`SellingGeneralAndAdministrativeExpense`	$6.95M	USD	1 Quarter
Selling, administrative and general expenses	`SellingGeneralAndAdministrativeExpense`	$5.93M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$358.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$323.00K	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$1.72M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$2.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$167.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$189.00K	USD	1 Quarter
Equity in loss of affiliates	`IncomeLossFromEquityMethodInvestments`	$-52.00K	USD	1 Quarter
Equity in loss of affiliates	`IncomeLossFromEquityMethodInvestments`	$-12.00K	USD	1 Quarter
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	-	USD	1 Quarter
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$256.00K	USD	1 Quarter
Other income (loss)	`OtherNonoperatingIncomeExpense`	$4.00K	USD	1 Quarter
Other income (loss)	`OtherNonoperatingIncomeExpense`	$-23.00K	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.49M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.04M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$649.00K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$-3.00M	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$275.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.39M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.22M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Dividends declared	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Dividends declared	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.22M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$901.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$913.00K	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.00K	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$114.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$161.00K	USD	1 Quarter
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	-	USD	1 Quarter
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$256.00K	USD	1 Quarter
Dividends received from equity method investments	`EquityMethodInvestmentDividendsOrDistributions`	$2.17M	USD	1 Quarter
Dividends received from equity method investments	`EquityMethodInvestmentDividendsOrDistributions`	-	USD	1 Quarter
Adjustments necessary to reconcile net income to net cash provided by operating activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.38M	USD	1 Quarter
Adjustments necessary to reconcile net income to net cash provided by operating activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.56M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.87M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.67M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$206.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$197.00K	USD	1 Quarter
Acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.40M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.59M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-206.00K	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$12.89M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$13.95M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$13.32M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$15.14M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$86.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$54.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$1.80M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$1.65M	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.75M	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.18M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.52M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.29M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$2.86M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$1.57M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$2.54M	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`	$2.86M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$1.57M	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`	$1.01M	USD	Point-in-time
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`	$1.39M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.22M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-91.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$549.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$1.12M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$1.94M	USD	1 Quarter

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