10-Q Filing

ESCALADE INC CIK: 33488 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001144204-19-020136`
Period End Date	20190331
Filing Date	20190418
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	esca-20190323.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 110 Income Statement 28 Cash Flow Statement 40 Stockholders Equity 22 Comprehensive Income 6

Balance Sheet 110 line items

Line Item	Tag	Value	Unit	Period
Receivables allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$548.00K	USD	Point-in-time
Receivables allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$532.00K	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`	$1.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.82M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.30M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables, less allowance of $548; $532; and $484; respectively	`AccountsReceivableNetCurrent`	$40.68M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Receivables, less allowance of $548; $532; and $484; respectively	`AccountsReceivableNetCurrent`	$31.95M	USD	Point-in-time
Receivables, less allowance of $548; $532; and $484; respectively	`AccountsReceivableNetCurrent`	$28.85M	USD	Point-in-time
Inventories	`InventoryNet`	$47.74M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.44M	shares	Point-in-time
Inventories	`InventoryNet`	$39.12M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.47M	shares	Point-in-time
Inventories	`InventoryNet`	$40.11M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.42M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.44M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.87M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.15M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.47M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.42M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.99M	USD	Point-in-time
Prepaid income tax	`PrepaidTaxes`	$1.03M	USD	Point-in-time
Prepaid income tax	`PrepaidTaxes`	$1.08M	USD	Point-in-time
Prepaid income tax	`PrepaidTaxes`	$501.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$33.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.00K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$75.23M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$87.86M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$88.01M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$15.52M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$13.90M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$15.50M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$878.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$19.45M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$19.79M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$19.37M	USD	Point-in-time
Goodwill	`Goodwill`	$21.55M	USD	Point-in-time
Goodwill	`Goodwill`	$26.38M	USD	Point-in-time
Goodwill	`Goodwill`	$26.38M	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	-	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	-	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$20.18M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$90.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$150.22M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$149.53M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$150.33M	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	$18.94M	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	-	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	-	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$5.63M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$7.76M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$5.19M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$11.07M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$8.13M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$6.51M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$595.00K	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$14.86M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$16.70M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$32.26M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.66M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.75M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$2.45M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$3.41M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$3.41M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$288.00K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.09M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.09M	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`	$23.32M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$21.21M	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 14,471,496; 14,438,824; and 14,415,690; shares respectively	`CommonStockValue`	$14.47M	USD	Point-in-time
Common stock: Authorized 30,000,000 shares; no par value, issued and outstanding 14,471,496; 14,438,824; and 14,415,690; shares respectively	`CommonStockValue`	$14.42M	USD	Point-in-time
Common stock: Authorized 30,000,000 shares; no par value, issued and outstanding 14,471,496; 14,438,824; and 14,415,690; shares respectively	`CommonStockValue`	$14.44M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$113.88M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$99.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$112.55M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$111.21M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$111.67M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$128.32M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$127.02M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$149.53M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$150.33M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$150.22M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$32.15M	USD	1 Quarter
Net sales	`Revenues`	$32.10M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$23.16M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$23.62M	USD	1 Quarter
Selling, administrative and general expenses	`SellingGeneralAndAdministrativeExpense`	$7.75M	USD	1 Quarter
Selling, administrative and general expenses	`SellingGeneralAndAdministrativeExpense`	$6.95M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$338.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$323.00K	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$394.00K	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$1.72M	USD	1 Quarter
Interest expense	`InterestExpense`	$68.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$189.00K	USD	1 Quarter
Equity in loss of affiliates	`IncomeLossFromEquityMethodInvestments`	$-12.00K	USD	1 Quarter
Equity in loss of affiliates	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Other income (loss)	`OtherNonoperatingIncomeExpense`	$-23.00K	USD	1 Quarter
Other income (loss)	`OtherNonoperatingIncomeExpense`	$6.00K	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$332.00K	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.49M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$275.00K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$65.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$267.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.22M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Dividends declared	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Dividends declared	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$267.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.22M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$913.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$936.00K	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$144.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$161.00K	USD	1 Quarter
Adjustments necessary to reconcile net income to net cash provided by operating activities	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.38M	USD	1 Quarter
Adjustments necessary to reconcile net income to net cash provided by operating activities	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.10M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.67M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$248.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$206.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$623.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-206.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-623.00K	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$12.89M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$14.20M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$10.54M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$13.32M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$118.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$54.00K	USD	1 Quarter
Deferred financing fees	`PaymentsOfFinancingCosts`	$96.00K	USD	1 Quarter
Deferred financing fees	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Purchase of stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Purchase of stock	`PaymentsForRepurchaseOfCommonStock`	$25.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$1.81M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$1.80M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.85M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.18M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.29M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.48M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.57M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.86M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.82M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.30M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.57M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.86M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.82M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.30M	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$111.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$111.67M	USD	Point-in-time
Balance	`StockholdersEquity`	$128.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$127.02M	USD	Point-in-time
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-92.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
Net income	`NetIncomeLoss`	$267.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.22M	USD	1 Quarter
Expense of stock options and restricted stock units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$144.00K	USD	1 Quarter
Expense of stock options and restricted stock units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$161.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$55.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$118.00K	USD	1 Quarter
Settlement of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Settlement of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$1.80M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$1.81M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$1.80M	USD	Point-in-time
Purchase of stock	`StockRepurchasedDuringPeriodValue`	$25.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$111.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$111.67M	USD	Point-in-time
Balance	`StockholdersEquity`	$128.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$127.02M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$267.00K	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`	-	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$1.12M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$267.00K	USD	1 Quarter

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