10-Q Filing

BRIDGFORD FOODS CORP CIK: 14177 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001437749-12-001969`
Period End Date	20120131
Filing Date	20120302
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	brid-20120120.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 18 Cash Flow Statement 46

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$69.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.69M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$124.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.87M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $69 and $124, respectively, and promotional allowances of $2,623 and $2,289, respectively	`AccountsReceivableNetCurrent`	$9.10M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables`	$2.62M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables`	$2.29M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $69 and $124, respectively, and promotional allowances of $2,623 and $2,289, respectively	`AccountsReceivableNetCurrent`	$9.70M	USD	Point-in-time
Inventories, less inventory reserves of $411 and $318, respectively (Note 2)	`InventoryNet`	$16.89M	USD	Point-in-time
Inventories, less inventory reserves of $411 and $318, respectively (Note 2)	`InventoryNet`	$15.74M	USD	Point-in-time
Inventory reserves	`InventoryValuationReserves`	$411.00K	USD	Point-in-time
Inventory reserves	`InventoryValuationReserves`	$318.00K	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceCurrent`	$2.43M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$340.00K	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceCurrent`	$2.43M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$1.00M	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$1.04M	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$1.04M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$55.62M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$55.91M	USD	Point-in-time
Deferred income taxes, less valuation allowance of $2,432	`DeferredTaxAssetsNetCurrent`	-	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceNoncurrent`	$9.04M	USD	Point-in-time
Deferred income taxes, less valuation allowance of $2,432	`DeferredTaxAssetsNetCurrent`	-	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceNoncurrent`	$9.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$37.29M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$36.60M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Property, plant and equipment, less accumulated depreciation of $55,911 and $55,622, respectively	`PropertyPlantAndEquipmentNet`	$7.80M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Property, plant and equipment, less accumulated depreciation of $55,911 and $55,622, respectively	`PropertyPlantAndEquipmentNet`	$7.90M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$11.81M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$11.77M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred income taxes, less valuation allowance of $9,044	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Deferred income taxes, less valuation allowance of $9,044	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Total assets	`Assets`	$56.97M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Total assets	`Assets`	$56.21M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.70M	USD	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	9.20M	shares	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	9.19M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.19M	shares	Point-in-time
Accrued payroll, advertising and other expenses	`EmployeeRelatedLiabilitiesCurrent`	$5.59M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.20M	shares	Point-in-time
Accrued payroll, advertising and other expenses	`EmployeeRelatedLiabilitiesCurrent`	$5.62M	USD	Point-in-time
Current portion of non-current liabilities	`LongTermDebtCurrent`	$3.44M	USD	Point-in-time
Current portion of non-current liabilities	`LongTermDebtCurrent`	$2.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.28M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$18.64M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$18.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$31.71M	USD	Point-in-time
Total liabilities	`Liabilities`	$32.13M	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 - 9,191 and 9,198 shares, respectively	`CommonStockValue`	$9.25M	USD	Point-in-time
Common stock, $1.00 par value; authorized - 20,000 shares; issued and outstanding - 9,191 and 9,198 shares, respectively	`CommonStockValue`	$9.26M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$9.16M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$9.21M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$23.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$22.82M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.73M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.73M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$24.50M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$24.84M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$56.21M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$56.97M	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$29.71M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$28.81M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$19.00M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$21.15M	USD	1 Quarter
Gross margin	`GrossProfit`	$8.56M	USD	1 Quarter
Gross margin	`GrossProfit`	$9.81M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.84M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.04M	USD	1 Quarter
Income (loss) before taxes	`ResultsOfOperationsIncomeBeforeIncomeTaxes`	$769.00K	USD	1 Quarter
Income (loss) before taxes	`ResultsOfOperationsIncomeBeforeIncomeTaxes`	$-278.00K	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-397.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-278.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$1.17M	USD	1 Quarter
Net (loss) income per share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Net (loss) income per share	`EarningsPerShareBasicAndDiluted`	$0.13	USD	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.32M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.20M	shares	1 Quarter
Cash dividends paid per share	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-278.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$1.17M	USD	1 Quarter
Depreciation	`Depreciation`	$456.00K	USD	1 Quarter
Depreciation	`Depreciation`	$364.00K	USD	1 Quarter
Losses (recoveries) on accounts receivable	`ProvisionForDoubtfulAccounts`	$129.00K	USD	1 Quarter
Losses (recoveries) on accounts receivable	`ProvisionForDoubtfulAccounts`	$-89.00K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.00K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$12.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.89M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-687.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-314.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.15M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$665.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$667.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$397.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$36.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$450.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$64.00K	USD	1 Quarter
Accrued payroll, advertising and other expenses and current portion of non-current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-838.00K	USD	1 Quarter
Accrued payroll, advertising and other expenses and current portion of non-current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-653.00K	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-678.00K	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-213.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$713.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.35M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$12.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.00K	USD	1 Quarter
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-263.00K	USD	1 Quarter
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-478.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-466.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-261.00K	USD	1 Quarter
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$64.00K	USD	1 Quarter
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$61.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$932.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-996.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-61.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$391.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.82M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.69M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.71M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.32M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.87M	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`	$9.71M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.32M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.87M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$51.00K	USD	1 Quarter

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