10-Q Filing

BRIDGFORD FOODS CORP CIK: 14177 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001437749-13-011259`
Period End Date	20130630
Filing Date	20130823
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	brid-20130712.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`	$76.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$89.00K	USD	Point-in-time
Accounts receivable, allowance for promotional allowances (in Dollars)	`AllowanceForPromotions`	$4.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances (in Dollars)	`AllowanceForPromotions`	$3.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.83M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $76 and $89, respectively, and promotional allowances of $4,311 and $3,559, respectively	`AccountsReceivableNetCurrent`	$11.76M	USD	Point-in-time
Inventories, inv?ntory r?s?rv?s (in Dollars)	`InventoryValuationReserves`	$490.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $76 and $89, respectively, and promotional allowances of $4,311 and $3,559, respectively	`AccountsReceivableNetCurrent`	$11.61M	USD	Point-in-time
Inventories, inv?ntory r?s?rv?s (in Dollars)	`InventoryValuationReserves`	$700.00K	USD	Point-in-time
Inventories, less inventory reserves of $700 and $490, respectively (Note 2)	`InventoryNet`	$19.68M	USD	Point-in-time
Deferred income taxes, valuation allowance (in Dollars)	`DeferredTaxAssetsValuationAllowanceCurrent`	$2.44M	USD	Point-in-time
Inventories, less inventory reserves of $700 and $490, respectively (Note 2)	`InventoryNet`	$17.36M	USD	Point-in-time
Deferred income taxes, valuation allowance (in Dollars)	`DeferredTaxAssetsValuationAllowanceCurrent`	$2.44M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$57.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$561.00K	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`	$509.00K	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$787.00K	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$534.00K	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
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
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`	$38.87M	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
Property, plant and equipment, less accumulated depreciation of $57,599 and $56,683 respectively	`PropertyPlantAndEquipmentNet`	$10.98M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property, plant and equipment, less accumulated depreciation of $57,599 and $56,683 respectively	`PropertyPlantAndEquipmentNet`	$9.08M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$12.32M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$12.94M	USD	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
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
Deferred income taxes, less valuation allowance of $11,098	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	-	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`	$61.55M	USD	Point-in-time
Total assets	`Assets`	$62.78M	USD	Point-in-time
Total assets	`Assets`	$59.19M	USD	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	9.16M	shares	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	9.15M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.16M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.41M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.15M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.27M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$6.60M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$6.46M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$3.29M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$4.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.87M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$26.53M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$27.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$41.34M	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 9,151 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 9,151 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`	$8.88M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$28.10M	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`	$21.44M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$20.14M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$62.78M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$61.55M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$84.89M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$88.65M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$29.29M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$27.86M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$17.66M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$57.35M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$19.81M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$56.38M	USD	3 Qtrs
Gross margin	`GrossProfit`	$31.30M	USD	3 Qtrs
Gross margin	`GrossProfit`	$9.48M	USD	1 Quarter
Gross margin	`GrossProfit`	$28.50M	USD	3 Qtrs
Gross margin	`GrossProfit`	$10.20M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$26.88M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.34M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$29.27M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.48M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.62M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.02M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$861.00K	USD	1 Quarter
Income tax	`IncomeTaxExpenseBenefit`	$207.00K	USD	3 Qtrs
Income tax	`IncomeTaxExpenseBenefit`	$24.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$861.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-19.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$1.62M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$1.81M	USD	3 Qtrs
Net (loss) income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.18	USD	3 Qtrs
Net (loss) income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.09	USD	1 Quarter
Net (loss) income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net (loss) income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.20	USD	3 Qtrs
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.15M	shares	1 Quarter
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.19M	shares	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`	9.16M	shares	3 Qtrs
Cash dividends paid per share (in Dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.05	USD	3 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$861.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-19.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.62M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.81M	USD	3 Qtrs
Depreciation	`Depreciation`	$1.10M	USD	3 Qtrs
Depreciation	`Depreciation`	$1.38M	USD	3 Qtrs
Recoveries on accounts receivable	`ProvisionForDoubtfulAccounts`	$-22.00K	USD	3 Qtrs
Recoveries on accounts receivable	`ProvisionForDoubtfulAccounts`	$-107.00K	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$22.00K	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$8.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$215.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-169.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.33M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.48M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-201.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$248.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$457.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$616.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$383.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-140.00K	USD	3 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-500.00K	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`	$716.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.13M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$657.00K	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`	$27.00K	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.29M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$430.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-422.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.26M	USD	3 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$59.00K	USD	3 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$189.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$18.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$138.00K	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$458.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-207.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-655.00K	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`	$-3.26M	USD	3 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`	$6.48M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.83M	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`	$6.48M	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`	$10.83M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Transportation equipment financed by capital lease obligations	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$1.85M	USD	3 Qtrs

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