10-Q Filing

BRIDGFORD FOODS CORP CIK: 14177 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001437749-13-002545`
Period End Date	20130131
Filing Date	20130308
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	brid-20130125.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 18 Cash Flow Statement 48

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$89.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$116.00K	USD	Point-in-time
Accounts receivable, allowance for promotional allowances (in Dollars)	`AllowanceForPromotions`	$5.38M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances (in Dollars)	`AllowanceForPromotions`	$3.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.32M	USD	Point-in-time
Invntory r'srv's (in Dollars)	`InventoryValuationReserves`	$490.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $116 and $89, respectively, and promotional allowances of $5,382 and $3,559, respectively	`AccountsReceivableNetCurrent`	$11.64M	USD	Point-in-time
Invntory r'srv's (in Dollars)	`InventoryValuationReserves`	$557.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $116 and $89, respectively, and promotional allowances of $5,382 and $3,559, respectively	`AccountsReceivableNetCurrent`	$11.76M	USD	Point-in-time
Deferred income taxes, valuation allowance (in Dollars)	`DeferredTaxAssetsValuationAllowanceCurrent`	$2.44M	USD	Point-in-time
Deferred income taxes, valuation allowance (in Dollars)	`DeferredTaxAssetsValuationAllowanceCurrent`	$2.44M	USD	Point-in-time
Inventories, less inventory reserves of $557 and $490, respectively (Note 2)	`InventoryNet`	$20.71M	USD	Point-in-time
Inventories, less inventory reserves of $557 and $490, respectively (Note 2)	`InventoryNet`	$17.36M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$56.68M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$849.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$509.00K	USD	Point-in-time
Property, plant and equipment, accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$57.07M	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$617.00K	USD	Point-in-time
Deferred income taxes, valuation allowance (in Dollars)	`DeferredTaxAssetsValuationAllowanceNoncurrent`	$11.10M	USD	Point-in-time
Deferred income taxes, valuation allowance (in Dollars)	`DeferredTaxAssetsValuationAllowanceNoncurrent`	$11.10M	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$787.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Deferred income taxes, less valuation allowance of $2,440	`DeferredTaxAssetsLiabilitiesNetCurrent`	-	USD	Point-in-time
Deferred income taxes, less valuation allowance of $2,440	`DeferredTaxAssetsLiabilitiesNetCurrent`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$40.06M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$40.15M	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of $57,067 and $56,683 respectively	`PropertyPlantAndEquipmentNet`	$9.08M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property, plant and equipment, less accumulated depreciation of $57,067 and $56,683 respectively	`PropertyPlantAndEquipmentNet`	$9.29M	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
Other non-current assets	`OtherAssetsNoncurrent`	$12.32M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$12.59M	USD	Point-in-time
Deferred income taxes, less valuation allowance of $11,098	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	-	USD	Point-in-time
Deferred income taxes, less valuation allowance of $11,098	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	-	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 assets	`Assets`	$56.21M	USD	Point-in-time
Total assets	`Assets`	$61.94M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Total assets	`Assets`	$61.55M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	9.16M	shares	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	9.16M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.16M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.17M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.16M	shares	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$6.46M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$6.17M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$3.84M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$4.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.19M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$26.36M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$26.53M	USD	Point-in-time
Total liabilities	`Liabilities`	$41.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$40.54M	USD	Point-in-time
Commitments and contingencies (Note 3)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 3)	`CommitmentsAndContingencies`	-	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 - 9,158 and 9,159 shares, respectively	`CommonStockValue`	$9.21M	USD	Point-in-time
Common stock, $1.00 par value; authorized - 20,000 shares; issued and outstanding - 9,158 and 9,159 shares, respectively	`CommonStockValue`	$9.22M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.93M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$28.01M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$26.75M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.75M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.75M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$21.40M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$20.14M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$61.55M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$61.94M	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$30.77M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$29.71M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$21.15M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$18.74M	USD	1 Quarter
Gross margin	`GrossProfit`	$8.56M	USD	1 Quarter
Gross margin	`GrossProfit`	$12.03M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.14M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.84M	USD	1 Quarter
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-278.00K	USD	1 Quarter
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.89M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$172.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-278.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.72M	USD	1 Quarter
Net income (loss) per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.19	USD	1 Quarter
Net income (loss) per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.16M	shares	1 Quarter
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.20M	shares	1 Quarter
Cash dividends paid per share (in Dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.05	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-278.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.72M	USD	1 Quarter
Depreciation	`Depreciation`	$364.00K	USD	1 Quarter
Depreciation	`Depreciation`	$476.00K	USD	1 Quarter
Provision for (recoveries on) accounts receivable	`ProvisionForDoubtfulAccounts`	$-89.00K	USD	1 Quarter
Provision for (recoveries on) accounts receivable	`ProvisionForDoubtfulAccounts`	$23.00K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$9.00K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-90.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-687.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.15M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.35M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$170.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$665.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$265.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$36.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$450.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-244.00K	USD	1 Quarter
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-653.00K	USD	1 Quarter
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-459.00K	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-112.00K	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-213.00K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.30M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$713.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$9.00K	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`	$-692.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-683.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-261.00K	USD	1 Quarter
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$7.00K	USD	1 Quarter
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$61.00K	USD	1 Quarter
Payments of capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	$51.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$458.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-516.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-61.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.50M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$391.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	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`	$6.24M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.32M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	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`	$6.24M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.32M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

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