10-Q Filing

BRIDGFORD FOODS CORP CIK: 14177 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001437749-12-005525`
Period End Date	20120331
Filing Date	20120525
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	brid-20120413.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 34 Cash Flow Statement 48

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$76.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$124.00K	USD	Point-in-time
Accounts receivable, allowance for promotional allowances (in Dollars)	`AllowanceForPromotions`	$3.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.32M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances (in Dollars)	`AllowanceForPromotions`	$2.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.27M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $76 and $124, respectively, and promotional allowances of $3,084 and $2,289, respectively	`AccountsReceivableNetCurrent`	$9.70M	USD	Point-in-time
Inventory reserves (in Dollars)	`InventoryValuationReserves`	$318.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $76 and $124, respectively, and promotional allowances of $3,084 and $2,289, respectively	`AccountsReceivableNetCurrent`	$9.36M	USD	Point-in-time
Inventory reserves (in Dollars)	`InventoryValuationReserves`	$483.00K	USD	Point-in-time
Inventories, less inventory reserves of $483 and $318, respectively	`InventoryNet`	$16.89M	USD	Point-in-time
Deferred income taxes, valuation allowance (in Dollars)	`DeferredTaxAssetsValuationAllowanceCurrent`	$2.43M	USD	Point-in-time
Inventories, less inventory reserves of $483 and $318, respectively	`InventoryNet`	$15.51M	USD	Point-in-time
Deferred income taxes, valuation allowance (in Dollars)	`DeferredTaxAssetsValuationAllowanceCurrent`	$2.43M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$340.00K	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$56.18M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$55.62M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$710.00K	USD	Point-in-time
Deferred income taxes, valuation allowance (in Dollars)	`DeferredTaxAssetsValuationAllowanceNoncurrent`	$9.04M	USD	Point-in-time
Deferred income taxes, valuation allowance (in Dollars)	`DeferredTaxAssetsValuationAllowanceNoncurrent`	$9.04M	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$992.00K	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$1.04M	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Deferred income taxes, net of valuation allowance	`DeferredTaxAssetsNetCurrent`	-	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Deferred income taxes, net of valuation allowance	`DeferredTaxAssetsNetCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$35.83M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$37.29M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Property, plant and equipment, less accumulated depreciation of $56,176 and $55,622, respectively	`PropertyPlantAndEquipmentNet`	$7.90M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property, plant and equipment, less accumulated depreciation of $56,176 and $55,622, respectively	`PropertyPlantAndEquipmentNet`	$7.45M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$11.77M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$12.41M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred income taxes, less valuation allowance of $9,044	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Deferred income taxes, less valuation allowance of $9,044	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	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
Total assets	`Assets`	$56.97M	USD	Point-in-time
Total assets	`Assets`	$55.68M	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.20M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.38M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$5.44M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$5.59M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$1.84M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$3.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.28M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$18.54M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$18.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$30.20M	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 9,185 and 9,198 shares, respectively	`CommonStockValue`	$9.24M	USD	Point-in-time
Common stock, $1.00 par value; authorized - 20,000 shares; issued and outstanding 9,185 and 9,198 shares, respectively	`CommonStockValue`	$9.26M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$9.11M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$9.21M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$23.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$23.10M	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`	$24.84M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$25.48M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$56.97M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$55.68M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$25.18M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$57.03M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$27.31M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$53.99M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$16.72M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$38.72M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$17.57M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$35.72M	USD	2 Qtrs
Gross margin	`GrossProfit`	$8.46M	USD	1 Quarter
Gross margin	`GrossProfit`	$9.74M	USD	1 Quarter
Gross margin	`GrossProfit`	$18.27M	USD	2 Qtrs
Gross margin	`GrossProfit`	$18.30M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.64M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.70M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.54M	USD	2 Qtrs
Income (loss) before taxes	`ResultsOfOperationsIncomeBeforeIncomeTaxes`	$1.04M	USD	1 Quarter
Income (loss) before taxes	`ResultsOfOperationsIncomeBeforeIncomeTaxes`	$762.00K	USD	2 Qtrs
Income (loss) before taxes	`ResultsOfOperationsIncomeBeforeIncomeTaxes`	$-144.00K	USD	1 Quarter
Income (loss) before taxes	`ResultsOfOperationsIncomeBeforeIncomeTaxes`	$625.00K	USD	2 Qtrs
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$-397.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.02M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-144.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$762.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.04M	USD	1 Quarter
Net income (loss) per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net income (loss) per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.11	USD	1 Quarter
Net income (loss) per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.11	USD	2 Qtrs
Net income (loss) per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.08	USD	2 Qtrs
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.32M	shares	2 Qtrs
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.19M	shares	2 Qtrs
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.32M	shares	1 Quarter
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.19M	shares	1 Quarter
Cash dividends paid per share (in Dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.02M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-144.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$762.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.04M	USD	1 Quarter
Depreciation	`Depreciation`	$745.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$929.00K	USD	2 Qtrs
(Recoveries) losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$77.00K	USD	2 Qtrs
(Recoveries) losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$-88.00K	USD	2 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$35.00K	USD	2 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-434.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.35M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.97M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.38M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$709.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$326.00K	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$634.00K	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$571.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$131.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$455.00K	USD	2 Qtrs
Accrued payroll, advertising and other expenses and current portion of non-current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.74M	USD	2 Qtrs
Accrued payroll, advertising and other expenses and current portion of non-current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-509.00K	USD	2 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-313.00K	USD	2 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-599.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$344.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.26M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$35.00K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.00K	USD	2 Qtrs
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-657.00K	USD	2 Qtrs
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-289.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-283.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-622.00K	USD	2 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$229.00K	USD	2 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$119.00K	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$932.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-119.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.16M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.04M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-58.00K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.64M	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`	$15.69M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.27M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.64M	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`	$15.69M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.27M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$91.00K	USD	2 Qtrs

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