10-Q Filing

BRIDGFORD FOODS CORP CIK: 14177 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001437749-13-006924`
Period End Date	20130430
Filing Date	20130531
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	brid-20130419.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 35 Cash Flow Statement 52

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`	$110.00K	USD	Point-in-time
Accounts receivable, allowance for promotional allowances (in Dollars)	`AllowanceForPromotions`	$3.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.43M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances (in Dollars)	`AllowanceForPromotions`	$5.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $110 and $89, respectively, and promotional allowances of $5,331 and $3,559, respectively	`AccountsReceivableNetCurrent`	$10.81M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $110 and $89, respectively, and promotional allowances of $5,331 and $3,559, respectively	`AccountsReceivableNetCurrent`	$11.76M	USD	Point-in-time
Inv?ntory r?s?rv?s (in Dollars)	`InventoryValuationReserves`	$619.00K	USD	Point-in-time
Inv?ntory r?s?rv?s (in Dollars)	`InventoryValuationReserves`	$490.00K	USD	Point-in-time
Inventories, less inventory reserves of $619 and $490, respectively (Note 2)	`InventoryNet`	$17.36M	USD	Point-in-time
Inventories, less inventory reserves of $619 and $490, respectively (Note 2)	`InventoryNet`	$21.77M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$509.00K	USD	Point-in-time
Property, plant and equipment, accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$57.48M	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`	$781.00K	USD	Point-in-time
Deferred income taxes, valuation allowance (in Dollars)	`DeferredTaxAssetsValuationAllowanceNoncurrent`	$11.10M	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$556.00K	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
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
Total current assets	`AssetsCurrent`	$40.35M	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	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 $57,478 and $56,683 respectively	`PropertyPlantAndEquipmentNet`	$9.46M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of $57,478 and $56,683 respectively	`PropertyPlantAndEquipmentNet`	$9.08M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$12.32M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$12.65M	USD	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
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
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
Total assets	`Assets`	$55.68M	USD	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 authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Total assets	`Assets`	$62.45M	USD	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
Accounts payable	`AccountsPayableCurrent`	$3.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.41M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.16M	shares	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`	$6.90M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$4.00M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$3.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.17M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$26.53M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$26.79M	USD	Point-in-time
Total liabilities	`Liabilities`	$40.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$41.41M	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 - 9,156 and 9,159 shares, respectively	`CommonStockValue`	$9.22M	USD	Point-in-time
Common stock, $1.00 par value; authorized - 20,000 shares; issued and outstanding - 9,156 and 9,159 shares, respectively	`CommonStockValue`	$9.21M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.93M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.91M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$28.12M	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`	$20.14M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$21.50M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$61.55M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$62.45M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$27.31M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$28.58M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$57.03M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$59.35M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$18.81M	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`	$37.55M	USD	2 Qtrs
Gross margin	`GrossProfit`	$9.78M	USD	1 Quarter
Gross margin	`GrossProfit`	$9.74M	USD	1 Quarter
Gross margin	`GrossProfit`	$18.30M	USD	2 Qtrs
Gross margin	`GrossProfit`	$21.81M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.65M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.70M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.54M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$19.79M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$122.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$762.00K	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.02M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.04M	USD	1 Quarter
Income tax	`IncomeTaxExpenseBenefit`	$183.00K	USD	2 Qtrs
Income tax	`IncomeTaxExpenseBenefit`	$11.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$111.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$762.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.83M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.04M	USD	1 Quarter
Net income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.08	USD	2 Qtrs
Net income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.11	USD	1 Quarter
Net income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Net income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.20	USD	2 Qtrs
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.19M	shares	1 Quarter
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.19M	shares	2 Qtrs
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.16M	shares	2 Qtrs
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.16M	shares	1 Quarter
Cash dividends paid per share (in Dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.05	USD	2 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$111.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$762.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.83M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.04M	USD	1 Quarter
Depreciation	`Depreciation`	$951.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$745.00K	USD	2 Qtrs
Recoveries on accounts receivable	`ProvisionForDoubtfulAccounts`	$-88.00K	USD	2 Qtrs
Recoveries on accounts receivable	`ProvisionForDoubtfulAccounts`	$-2.00K	USD	2 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$13.00K	USD	2 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-947.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-434.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$4.41M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.38M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$326.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$41.00K	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$328.00K	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$634.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$131.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-544.00K	USD	2 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.74M	USD	2 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-184.00K	USD	2 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-313.00K	USD	2 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$383.00K	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$344.00K	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.41M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$13.00K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.00K	USD	2 Qtrs
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-289.00K	USD	2 Qtrs
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-1.33M	USD	2 Qtrs
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-639.00K	USD	1 Quarter
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-26.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-283.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.32M	USD	2 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$119.00K	USD	2 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$23.00K	USD	2 Qtrs
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$102.00K	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$458.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-119.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-583.00K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-58.00K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.31M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.32M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.43M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.27M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	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`	$6.43M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.27M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs

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