10-Q Filing

BRIDGFORD FOODS CORP CIK: 14177 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001437749-11-006232`
Period End Date	20110630
Filing Date	20110819
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	brid-20110708.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 38 Cash Flow Statement 50

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$68.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$80.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.12M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables`	$1.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.66M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables`	$2.14M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $68 and $80, respectively, and promotional allowances of $2,141 and $1,932, respectively	`AccountsReceivableNetCurrent`	$7.61M	USD	Point-in-time
Inventory reserves	`InventoryValuationReserves`	$166.00K	USD	Point-in-time
Inventory reserves	`InventoryValuationReserves`	$322.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $68 and $80, respectively, and promotional allowances of $2,141 and $1,932, respectively	`AccountsReceivableNetCurrent`	$9.01M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$56.01M	USD	Point-in-time
Inventories, less inventory reserves of $322 and $166, respectively (Note 2)	`InventoryNet`	$16.31M	USD	Point-in-time
Inventories, less inventory reserves of $322 and $166, respectively (Note 2)	`InventoryNet`	$18.03M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$56.74M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$1.89M	USD	Point-in-time
Preferred stock, authorized (in Shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$2.46M	USD	Point-in-time
Preferred stock, authorized (in Shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$38.16M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$41.49M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of $56,743 and $56,007, respectively	`PropertyPlantAndEquipmentNet`	$8.16M	USD	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Property, plant and equipment, less accumulated depreciation of $56,743 and $56,007, respectively	`PropertyPlantAndEquipmentNet`	$7.89M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$11.14M	USD	Point-in-time
Common stock, shares Issued (in Shares)	`CommonStockSharesIssued`	9.24M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$11.81M	USD	Point-in-time
Common stock, shares Issued (in Shares)	`CommonStockSharesIssued`	9.33M	shares	Point-in-time
Total assets	`Assets`	$60.52M	USD	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	9.33M	shares	Point-in-time
Total assets	`Assets`	$58.13M	USD	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	9.24M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.36M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`EmployeeRelatedLiabilitiesCurrent`	$8.56M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`EmployeeRelatedLiabilitiesCurrent`	$8.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.77M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$11.42M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$12.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$23.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$24.32M	USD	Point-in-time
Preferred stock, without par value; authorized - 1,000 shares; issued and outstanding - none	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, without par value; authorized - 1,000 shares; issued and outstanding - none	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $1.00 par value; authorized - 20,000 shares; issued and outstanding 9,237 and 9,328 shares, respectively	`CommonStockValue`	$9.29M	USD	Point-in-time
Common stock, $1.00 par value; authorized - 20,000 shares; issued and outstanding 9,237 and 9,328 shares, respectively	`CommonStockValue`	$9.38M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$10.40M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$9.61M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$24.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$24.47M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.05M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.05M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$36.20M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$34.94M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$60.52M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$58.13M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$26.93M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$80.60M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$26.61M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$83.01M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$49.23M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$17.09M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$18.41M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$54.13M	USD	3 Qtrs
Gross margin	`GrossProfit`	$33.78M	USD	3 Qtrs
Gross margin	`GrossProfit`	$9.84M	USD	1 Quarter
Gross margin	`GrossProfit`	$26.47M	USD	3 Qtrs
Gross margin	`GrossProfit`	$8.20M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$29.73M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.81M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.78M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$26.42M	USD	3 Qtrs
(Loss) income before taxes	`ResultsOfOperationsIncomeBeforeIncomeTaxes`	$-583.00K	USD	1 Quarter
(Loss) income before taxes	`ResultsOfOperationsIncomeBeforeIncomeTaxes`	$42.00K	USD	3 Qtrs
(Loss) income before taxes	`ResultsOfOperationsIncomeBeforeIncomeTaxes`	$4.05M	USD	3 Qtrs
(Loss) income before taxes	`ResultsOfOperationsIncomeBeforeIncomeTaxes`	$38.00K	USD	1 Quarter
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$799.00K	USD	1 Quarter
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$-503.00K	USD	3 Qtrs
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$1.50M	USD	3 Qtrs
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$-106.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-477.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-761.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$545.00K	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$2.55M	USD	3 Qtrs
Net (loss) income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.06	USD	3 Qtrs
Net (loss) income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Net (loss) income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.27	USD	3 Qtrs
Net (loss) income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.33M	shares	1 Quarter
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.29M	shares	1 Quarter
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.31M	shares	3 Qtrs
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.34M	shares	3 Qtrs
Cash dividends paid per share (in Dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	3 Qtrs
Cash dividends paid per share (in Dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	3 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-477.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-761.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$545.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.55M	USD	3 Qtrs
Depreciation	`Depreciation`	$1.51M	USD	3 Qtrs
Depreciation	`Depreciation`	$1.29M	USD	3 Qtrs
Losses (recoveries) on accounts receivable	`ProvisionForDoubtfulAccounts`	$75.00K	USD	3 Qtrs
Losses (recoveries) on accounts receivable	`ProvisionForDoubtfulAccounts`	$-100.00K	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-25.00K	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-42.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.47M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-565.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.29M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.73M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$529.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-579.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-669.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-202.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-489.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-157.00K	USD	3 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$275.00K	USD	3 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-712.00K	USD	3 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.25M	USD	3 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$433.00K	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.22M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.71M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$25.00K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$42.00K	USD	3 Qtrs
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-1.55M	USD	3 Qtrs
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-853.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-828.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.51M	USD	3 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$875.00K	USD	3 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$253.00K	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$932.00K	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$933.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.19M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.81M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.21M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.03M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.91M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.69M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.12M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.66M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.91M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.69M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.12M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.66M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$1.25M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$129.00K	USD	3 Qtrs

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