10-Q Filing

BRIDGFORD FOODS CORP CIK: 14177 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-003678`
Period End Date	20140131
Filing Date	20140307
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	brid-20140124.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 19 Cash Flow Statement 49

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$143.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$119.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances (in Dollars)	`AllowanceForPromotions`	$3.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.46M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances (in Dollars)	`AllowanceForPromotions`	$3.59M	USD	Point-in-time
Inv?ntories, reserves (in Dollars)	`InventoryValuationReserves`	$494.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $143 and $119, respectively, and promotional allowances of $3,586 and $3,156, respectively	`AccountsReceivableNetCurrent`	$12.15M	USD	Point-in-time
Inv?ntories, reserves (in Dollars)	`InventoryValuationReserves`	$558.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $143 and $119, respectively, and promotional allowances of $3,586 and $3,156, respectively	`AccountsReceivableNetCurrent`	$9.33M	USD	Point-in-time
Deferred income taxes, valuation allowance (in Dollars)	`DeferredTaxAssetsValuationAllowanceCurrent`	$2.28M	USD	Point-in-time
Inventories, less inventory reserves of $494 and $558, respectively (Note 2)	`InventoryNet`	$18.92M	USD	Point-in-time
Inventories, less inventory reserves of $494 and $558, respectively (Note 2)	`InventoryNet`	$16.69M	USD	Point-in-time
Deferred income taxes, valuation allowance (in Dollars)	`DeferredTaxAssetsValuationAllowanceCurrent`	$2.28M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$57.79M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$57.35M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$333.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$854.00K	USD	Point-in-time
Deferred income taxes, valuation allowance (in Dollars)	`DeferredTaxAssetsValuationAllowanceNoncurrent`	$5.67M	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$647.00K	USD	Point-in-time
Deferred income taxes, valuation allowance (in Dollars)	`DeferredTaxAssetsValuationAllowanceNoncurrent`	$5.67M	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$683.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Deferred income taxes, less valuation allowance of $2,276	`DeferredTaxAssetsLiabilitiesNetCurrent`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Deferred income taxes, less valuation allowance of $2,276	`DeferredTaxAssetsLiabilitiesNetCurrent`	-	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$40.41M	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$38.98M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $57,793 and $57,352, respectively	`PropertyPlantAndEquipmentNet`	$11.11M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $57,793 and $57,352, respectively	`PropertyPlantAndEquipmentNet`	$11.21M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.15M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.29M	USD	Point-in-time
Deferred income taxes, less valuation allowance of $5,671	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	-	USD	Point-in-time
Deferred income taxes, less valuation allowance of $5,671	`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
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Total assets	`Assets`	$64.76M	USD	Point-in-time
Total assets	`Assets`	$63.39M	USD	Point-in-time
Total assets	`Assets`	$61.94M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	9.13M	shares	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	9.13M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.63M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.13M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.13M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.82M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$7.25M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$7.63M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$3.20M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$2.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.65M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$15.66M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$15.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$29.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$31.31M	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 9,129 and 9,134 shares, respectively	`CommonStockValue`	$9.19M	USD	Point-in-time
Common stock, $1.00 par value; authorized - 20,000 shares; issued and outstanding 9,129 and 9,134 shares, respectively	`CommonStockValue`	$9.19M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.71M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$29.44M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$29.20M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.69M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.69M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$33.45M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$33.64M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$63.39M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$64.76M	USD	Point-in-time

Income Statement 19 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$32.47M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$30.77M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$22.20M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$18.74M	USD	1 Quarter
Gross margin	`GrossProfit`	$10.27M	USD	1 Quarter
Gross margin	`GrossProfit`	$12.03M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.02M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.14M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.89M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$247.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$13.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$172.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$234.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.72M	USD	1 Quarter
Net income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.03	USD	1 Quarter
Net income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.19	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`	9.13M	shares	1 Quarter
Cash dividends paid per share (in Dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.05	USD	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$234.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.72M	USD	1 Quarter
Depreciation	`Depreciation`	$476.00K	USD	1 Quarter
Depreciation	`Depreciation`	$595.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$23.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$22.00K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.00K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$9.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-90.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.80M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.23M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.35M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$485.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$170.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$265.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$149.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-244.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-180.00K	USD	1 Quarter
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-459.00K	USD	1 Quarter
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-746.00K	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-583.00K	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-112.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.30M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.73M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$9.00K	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$496.00K	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$692.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-683.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-490.00K	USD	1 Quarter
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$46.00K	USD	1 Quarter
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$7.00K	USD	1 Quarter
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$53.00K	USD	1 Quarter
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$51.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$458.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-99.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-516.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.50M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.14M	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`	$8.32M	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`	$11.46M	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`	$8.32M	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`	$11.46M	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.