10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-003491`
Period End Date	20140131
Filing Date	20140305
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	fizz-20140125.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 60 Cash Flow Statement 53 Stockholders Equity 15 Comprehensive Income 12

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.50M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.27M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.11M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.63M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$64.07M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$51.26M	USD	Point-in-time
Inventories	`InventoryNet`	$39.23M	USD	Point-in-time
Inventories	`InventoryNet`	$42.46M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred income taxes - net	`DeferredTaxAssetsNetCurrent`	$3.53M	USD	Point-in-time
Deferred income taxes - net	`DeferredTaxAssetsNetCurrent`	$3.67M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssets`	$5.71M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssets`	$7.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$130.94M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.36M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.36M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$132.11M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$57.73M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$57.31M	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`	$5.55M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.63M	USD	Point-in-time
Total assets	`Assets`	$210.15M	USD	Point-in-time
Total assets	`Assets`	$208.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$33.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$44.26M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$19.14M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$15.33M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$34.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$90.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$63.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$48.52M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$50.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$35.00M	USD	Point-in-time
Deferred income taxes - net	`DeferredTaxLiabilitiesNoncurrent`	$14.33M	USD	Point-in-time
Deferred income taxes - net	`DeferredTaxLiabilitiesNoncurrent`	$14.27M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$10.56M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$10.38M	USD	Point-in-time
Common stock, $.01 par value - 75,000,000 shares authorized; 50,364,699 shares issued (50,361,799 shares at April 27, 2013)	`CommonStockValue`	$504.00K	USD	Point-in-time
Common stock, $.01 par value - 75,000,000 shares authorized; 50,364,699 shares issued (50,361,799 shares at April 27, 2013)	`CommonStockValue`	$504.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$50.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$50.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$37.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$69.08M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-964.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-581.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$70.32M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$101.97M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$58.78M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$208.64M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$210.15M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$144.72M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$494.14M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$136.77M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$476.79M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$92.09M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$314.53M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$98.37M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$334.90M	USD	3 Qtrs
Gross profit	`GrossProfit`	$46.35M	USD	1 Quarter
Gross profit	`GrossProfit`	$44.69M	USD	1 Quarter
Gross profit	`GrossProfit`	$162.27M	USD	3 Qtrs
Gross profit	`GrossProfit`	$159.24M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$34.46M	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`	$114.23M	USD	3 Qtrs
Interest expense	`InterestExpense`	$116.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$179.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$153.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$515.00K	USD	3 Qtrs
Other (income) expense - net	`OtherExpenses`	$145.00K	USD	3 Qtrs
Other (income) expense - net	`OtherExpenses`	$23.00K	USD	1 Quarter
Other (income) expense - net	`OtherExpenses`	$-208.00K	USD	1 Quarter
Other (income) expense - net	`OtherExpenses`	$-150.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.28M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$47.67M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$52.60M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.28M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.78M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.87M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.15M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.97M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$7.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.70M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$34.82M	USD	3 Qtrs
Less preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.00K	USD	3 Qtrs
Less preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.00K	USD	1 Quarter
Less preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$150.00K	USD	1 Quarter
Less preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$449.00K	USD	3 Qtrs
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.41M	USD	1 Quarter
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$31.25M	USD	3 Qtrs
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$34.82M	USD	3 Qtrs
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.99M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.67	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.75	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.67	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.75	USD	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.33M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.30M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.33M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.32M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.52M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.52M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.48M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.48M	shares	3 Qtrs

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$7.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.70M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$34.82M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.44M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.91M	USD	3 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-149.00K	USD	3 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-453.00K	USD	3 Qtrs
Loss on disposal of property, net	`GainLossOnDispositionOfAssets`	$-10.00K	USD	3 Qtrs
Loss on disposal of property, net	`GainLossOnDispositionOfAssets`	$-56.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$183.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$56.00K	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-12.81M	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-10.41M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.23M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$800.00K	USD	3 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.81M	USD	3 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.54M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-19.95M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-11.16M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-4.20M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-4.83M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$26.97M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$32.31M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.03M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.01M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$34.00K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$22.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.97M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.00M	USD	3 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$118.14M	USD	3 Qtrs
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$449.00K	USD	3 Qtrs
Borrowings (repayments) under credit facilities, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$60.00M	USD	3 Qtrs
Borrowings (repayments) under credit facilities, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-15.00M	USD	3 Qtrs
Proceeds from sale of preferred stock, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$19.71M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$331.00K	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-35.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.48M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-38.10M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.13M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.85M	USD	3 Qtrs
Cash and Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$18.50M	USD	Point-in-time
Cash and Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$18.27M	USD	Point-in-time
Cash and Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$27.11M	USD	Point-in-time
Cash and Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$35.63M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$18.50M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$18.27M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$27.11M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$35.63M	USD	Point-in-time
Interest paid	`InterestPaid`	$160.00K	USD	3 Qtrs
Interest paid	`InterestPaid`	$589.00K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$17.53M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$17.84M	USD	3 Qtrs

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning and end of period	`StockholdersEquity`	$70.32M	USD	Point-in-time
Beginning and end of period	`StockholdersEquity`	$101.97M	USD	Point-in-time
Beginning and end of period	`StockholdersEquity`	$58.78M	USD	Point-in-time
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$342.00K	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$235.00K	USD	3 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$383.00K	USD	3 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$615.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.70M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$34.82M	USD	3 Qtrs
Common stock cash dividend	`DividendsCommonStock`	$118.10M	USD	Point-in-time
End of period	`StockholdersEquity`	$70.32M	USD	Point-in-time
End of period	`StockholdersEquity`	$101.97M	USD	Point-in-time
End of period	`StockholdersEquity`	$58.78M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$7.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.70M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$34.82M	USD	3 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$342.00K	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$235.00K	USD	3 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$383.00K	USD	3 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$615.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$32.09M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.48M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.03M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$35.06M	USD	3 Qtrs

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