10-Q Filing

BRIDGFORD FOODS CORP CIK: 14177 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001437749-12-008684`
Period End Date	20120630
Filing Date	20120817
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	brid-20120706.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 36 Cash Flow Statement 50

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.32M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$57.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.83M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.66M	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`	$2.29M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances (in Dollars)	`AllowanceForPromotions`	$2.50M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $57 and $124, respectively, and promotional allowances of $2,504 and $2,289, respectively	`AccountsReceivableNetCurrent`	$9.70M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $57 and $124, respectively, and promotional allowances of $2,504 and $2,289, respectively	`AccountsReceivableNetCurrent`	$10.02M	USD	Point-in-time
Inventory reserves (in Dollars)	`InventoryValuationReserves`	$638.00K	USD	Point-in-time
Inventories, less inventory reserves of $638 and $318, respectively (Note 2)	`InventoryNet`	$16.89M	USD	Point-in-time
Inventory reserves (in Dollars)	`InventoryValuationReserves`	$318.00K	USD	Point-in-time
Inventories, less inventory reserves of $638 and $318, respectively (Note 2)	`InventoryNet`	$15.41M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$340.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$636.00K	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$56.01M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$56.74M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$1.04M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$988.00K	USD	Point-in-time
Deferred income taxes, net of valuation allowance	`DeferredTaxAssetsLiabilitiesNetCurrent`	-	USD	Point-in-time
Deferred income taxes, net of valuation allowance	`DeferredTaxAssetsLiabilitiesNetCurrent`	-	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$37.89M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$37.29M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property, plant and equipment, less accumulated depreciation of $56,489 and $55,622, respectively	`PropertyPlantAndEquipmentNet`	$9.08M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of $56,489 and $55,622, respectively	`PropertyPlantAndEquipmentNet`	$7.90M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$11.77M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$12.23M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Deferred income taxes, net of valuation allowance	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Deferred income taxes, net of valuation allowance	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	-	USD	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	9.18M	shares	Point-in-time
Total assets	`Assets`	$59.19M	USD	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	9.20M	shares	Point-in-time
Total assets	`Assets`	$58.13M	USD	Point-in-time
Total assets	`Assets`	$56.97M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.18M	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`	$4.63M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$5.69M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$5.59M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$3.44M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$3.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.28M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$18.85M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$19.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$32.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$32.92M	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 9,178 and 9,198 shares, respectively	`CommonStockValue`	$9.23M	USD	Point-in-time
Common stock, $1.00 par value; authorized - 20,000 shares; issued and outstanding 9,178 and 9,198 shares, respectively	`CommonStockValue`	$9.26M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$9.21M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$9.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$24.72M	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`	$26.27M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$24.84M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$59.19M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$56.97M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$27.86M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$84.89M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$80.60M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$26.61M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$18.41M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$17.66M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$54.13M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$56.38M	USD	3 Qtrs
Gross margin	`GrossProfit`	$10.20M	USD	1 Quarter
Gross margin	`GrossProfit`	$8.20M	USD	1 Quarter
Gross margin	`GrossProfit`	$26.47M	USD	3 Qtrs
Gross margin	`GrossProfit`	$28.50M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$26.88M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.78M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.34M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$26.42M	USD	3 Qtrs
Income (loss) before taxes	`ResultsOfOperationsIncomeBeforeIncomeTaxes`	$42.00K	USD	3 Qtrs
Income (loss) before taxes	`ResultsOfOperationsIncomeBeforeIncomeTaxes`	$861.00K	USD	1 Quarter
Income (loss) before taxes	`ResultsOfOperationsIncomeBeforeIncomeTaxes`	$-583.00K	USD	1 Quarter
Income (loss) before taxes	`ResultsOfOperationsIncomeBeforeIncomeTaxes`	$1.62M	USD	3 Qtrs
Income tax (benefit)	`IncomeTaxExpenseBenefit`	$48.00K	USD	3 Qtrs
Income tax (benefit)	`IncomeTaxExpenseBenefit`	$-106.00K	USD	1 Quarter
Income tax (benefit)	`IncomeTaxExpenseBenefit`	$-503.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$861.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$545.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.62M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-477.00K	USD	1 Quarter
Net income (loss) per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.18	USD	3 Qtrs
Net income (loss) per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.09	USD	1 Quarter
Net income (loss) per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Net income (loss) per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.06	USD	3 Qtrs
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.18M	shares	1 Quarter
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.31M	shares	3 Qtrs
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.29M	shares	1 Quarter
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.19M	shares	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`	$861.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$545.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.62M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-477.00K	USD	1 Quarter
Depreciation	`Depreciation`	$1.10M	USD	3 Qtrs
Depreciation	`Depreciation`	$1.29M	USD	3 Qtrs
(Recoveries) losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$107.00K	USD	3 Qtrs
(Recoveries) losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$-75.00K	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$8.00K	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$42.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$215.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.47M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.73M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.48M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$248.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$579.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$669.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$457.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-157.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$383.00K	USD	3 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$275.00K	USD	3 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-572.00K	USD	3 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-849.00K	USD	3 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.25M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.13M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.71M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.00K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$42.00K	USD	3 Qtrs
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-430.00K	USD	3 Qtrs
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-1.55M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-422.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.51M	USD	3 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$189.00K	USD	3 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$875.00K	USD	3 Qtrs
Payments of capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	$18.00K	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$932.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.81M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-207.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.51M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.03M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.69M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.32M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.83M	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`	$15.69M	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`	$10.83M	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`	$129.00K	USD	3 Qtrs
Transportation equipment financed by capital lease obligations	`CapitalLeaseObligationsIncurred`	$1.85M	USD	3 Qtrs

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