10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001437749-13-002477`
Period End Date	20130131
Filing Date	20130307
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	fizz-20130126.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 52 Cash Flow Statement 54 Stockholders Equity 18 Comprehensive Income 12

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Allowance for trade receivables (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$399.00K	USD	Point-in-time
Allowance for trade receivables (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$454.00K	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.50M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.63M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.96M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.37M	USD	Point-in-time
Trade receivables - net of allowances of $454 ($399 at April 28)	`AccountsReceivableNetCurrent`	$61.59M	USD	Point-in-time
Trade receivables - net of allowances of $454 ($399 at April 28)	`AccountsReceivableNetCurrent`	$51.18M	USD	Point-in-time
Inventories	`InventoryNet`	$41.66M	USD	Point-in-time
Inventories	`InventoryNet`	$40.86M	USD	Point-in-time
Deferred income taxes - net	`DeferredTaxAssetsNetCurrent`	$3.55M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred income taxes - net	`DeferredTaxAssetsNetCurrent`	$3.41M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssets`	$4.42M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssets`	$4.13M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.32M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$146.05M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$118.88M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.36M	shares	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$55.77M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$56.73M	USD	Point-in-time
Goodwill	`Goodwill`	$13.14M	USD	Point-in-time
Goodwill	`Goodwill`	$13.14M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$1.61M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$1.61M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.82M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.45M	USD	Point-in-time
Total assets	`Assets`	$222.99M	USD	Point-in-time
Total assets	`Assets`	$195.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$54.88M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$34.93M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$21.28M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$16.38M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$82.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$589.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$51.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$76.24M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$60.00M	USD	Point-in-time
Deferred income taxes - net	`DeferredTaxLiabilitiesNoncurrent`	$13.77M	USD	Point-in-time
Deferred income taxes - net	`DeferredTaxLiabilitiesNoncurrent`	$14.21M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$10.79M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$10.90M	USD	Point-in-time
Common stock, $.01 par value - 75,000,000 shares authorized; 50,361,799 shares issued (50,321,559 shares at April 28)	`CommonStockValue`	$504.00K	USD	Point-in-time
Common stock, $.01 par value - 75,000,000 shares authorized; 50,361,799 shares issued (50,321,559 shares at April 28)	`CommonStockValue`	$503.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$30.43M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$50.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$109.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$25.88M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-407.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-642.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$110.52M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$58.78M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$121.64M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$195.23M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$222.99M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$494.14M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$144.72M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$463.45M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$136.40M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$91.17M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$98.37M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$303.04M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$334.90M	USD	3 Qtrs
Gross profit	`GrossProfit`	$46.35M	USD	1 Quarter
Gross profit	`GrossProfit`	$45.23M	USD	1 Quarter
Gross profit	`GrossProfit`	$159.24M	USD	3 Qtrs
Gross profit	`GrossProfit`	$160.41M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$33.41M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$33.93M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$106.31M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$110.69M	USD	3 Qtrs
Interest expense	`InterestExpense`	$31.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$179.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$85.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$116.00K	USD	1 Quarter
Other expense - net	`OtherExpenses`	$11.00K	USD	1 Quarter
Other expense - net	`OtherExpenses`	$145.00K	USD	3 Qtrs
Other expense - net	`OtherExpenses`	$81.00K	USD	3 Qtrs
Other expense - net	`OtherExpenses`	$23.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.28M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$49.56M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$52.60M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.78M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.87M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.87M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.78M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.10M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$34.82M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$32.46M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$8.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.90M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.75	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.70	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.70	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.75	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.26M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.32M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.28M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.30M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.48M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.44M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.47M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.48M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$34.82M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$32.46M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$8.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.44M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.96M	USD	3 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-391.00K	USD	3 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-453.00K	USD	3 Qtrs
Loss (gain) on disposal of property, net	`GainLossOnDispositionOfProperty`	$12.00K	USD	3 Qtrs
Loss (gain) on disposal of property, net	`GainLossOnDispositionOfProperty`	$-56.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$224.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$183.00K	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-5.73M	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-10.41M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$800.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$4.80M	USD	3 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.54M	USD	3 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.16M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-12.35M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-19.95M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-9.16M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-4.20M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$26.97M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$18.50M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.17M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.03M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$22.00K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$29.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.14M	USD	3 Qtrs
Common stock cash dividend	`DividendsCommonStock`	$-118.14M	USD	3 Qtrs
Common stock cash dividend	`DividendsCommonStock`	$118.10M	USD	1 Quarter
Borrowings under credit facilities, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$60.00M	USD	3 Qtrs
Proceeds from sale of preferred stock, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$19.71M	USD	3 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$239.00K	USD	3 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$100.00K	USD	3 Qtrs
Stock-based tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$131.00K	USD	3 Qtrs
Stock-based tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$92.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-38.10M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$231.00K	USD	3 Qtrs
Net (Decrease) Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$12.59M	USD	3 Qtrs
Net (Decrease) Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.13M	USD	3 Qtrs
Cash and Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$18.50M	USD	Point-in-time
Cash and Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$35.63M	USD	Point-in-time
Cash and Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$19.96M	USD	Point-in-time
Cash and Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$7.37M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$18.50M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$35.63M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$19.96M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$7.37M	USD	Point-in-time
Interest paid	`InterestPaid`	$82.00K	USD	3 Qtrs
Interest paid	`InterestPaid`	$160.00K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$17.15M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$17.53M	USD	3 Qtrs

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning of period	`StockholdersEquity`	$110.52M	USD	Point-in-time
Beginning of period	`StockholdersEquity`	$58.78M	USD	Point-in-time
Beginning of period	`StockholdersEquity`	$121.64M	USD	Point-in-time
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$873.00K	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$235.00K	USD	3 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$615.00K	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-2.74M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$34.82M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$32.46M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$8.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.90M	USD	1 Quarter
Common stock cash dividend	`DividendsCommonStock`	$-118.14M	USD	3 Qtrs
Common stock cash dividend	`DividendsCommonStock`	$118.10M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$224.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$183.00K	USD	3 Qtrs
End of period	`StockholdersEquity`	$110.52M	USD	Point-in-time
End of period	`StockholdersEquity`	$58.78M	USD	Point-in-time
End of period	`StockholdersEquity`	$121.64M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$34.82M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$32.46M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$8.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.90M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$873.00K	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$235.00K	USD	3 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$615.00K	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-2.74M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$35.06M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.78M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$29.73M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.03M	USD	1 Quarter

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