10-Q Filing

BRIDGFORD FOODS CORP CIK: 14177 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-010295`
Period End Date	20140430
Filing Date	20140530
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	brid-20140418.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 36 Cash Flow Statement 51

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$119.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$221.00K	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$3.16M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$4.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.32M	USD	Point-in-time
Inv?ntories, reserves	`InventoryValuationReserves`	$558.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.43M	USD	Point-in-time
Inv?ntories, reserves	`InventoryValuationReserves`	$519.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceCurrent`	$2.28M	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceCurrent`	$2.28M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $221 and $119, respectively, and promotional allowances of $4,888 and $3,156, respectively	`AccountsReceivableNetCurrent`	$10.03M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $221 and $119, respectively, and promotional allowances of $4,888 and $3,156, respectively	`AccountsReceivableNetCurrent`	$12.15M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$57.35M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$58.35M	USD	Point-in-time
Inventories, less inventory reserves of $519 and $558, respectively (Note 2)	`InventoryNet`	$18.87M	USD	Point-in-time
Inventories, less inventory reserves of $519 and $558, respectively (Note 2)	`InventoryNet`	$18.92M	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceNoncurrent`	$5.67M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$811.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$333.00K	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceNoncurrent`	$5.67M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$249.00K	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$683.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Deferred income taxes, less valuation allowance of $2,276	`DeferredTaxAssetsLiabilitiesNetCurrent`	-	USD	Point-in-time
Deferred income taxes, less valuation allowance of $2,276	`DeferredTaxAssetsLiabilitiesNetCurrent`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$35.45M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$40.41M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $58,352 and $57,352, respectively	`PropertyPlantAndEquipmentNet`	$11.21M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $58,352 and $57,352, respectively	`PropertyPlantAndEquipmentNet`	$12.16M	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	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.15M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.36M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	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, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Total assets	`Assets`	$64.76M	USD	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	9.12M	shares	Point-in-time
Total assets	`Assets`	$60.97M	USD	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	9.13M	shares	Point-in-time
Total assets	`Assets`	$62.45M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.13M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.12M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.82M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$7.63M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$6.53M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$3.20M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$3.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.41M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$14.27M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$15.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$31.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.69M	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 9,121 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 9,121 and 9,134 shares, respectively	`CommonStockValue`	$9.18M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.75M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.63M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$28.16M	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`	$32.28M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$64.76M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$60.97M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$28.58M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$31.24M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$63.71M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$59.35M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$44.51M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$37.55M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$22.31M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$18.81M	USD	1 Quarter
Gross margin	`GrossProfit`	$8.94M	USD	1 Quarter
Gross margin	`GrossProfit`	$9.78M	USD	1 Quarter
Gross margin	`GrossProfit`	$19.20M	USD	2 Qtrs
Gross margin	`GrossProfit`	$21.81M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$20.25M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.65M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$19.79M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.21M	USD	1 Quarter
(Loss) income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.05M	USD	2 Qtrs
(Loss) income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.02M	USD	2 Qtrs
(Loss) income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$122.00K	USD	1 Quarter
(Loss) income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.28M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$183.00K	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$11.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-1.28M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-1.05M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$1.83M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$111.00K	USD	1 Quarter
Net (loss) income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.20	USD	2 Qtrs
Net (loss) income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Net (loss) income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Net (loss) income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	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`	9.13M	shares	2 Qtrs
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.13M	shares	1 Quarter
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 51 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-1.28M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-1.05M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$1.83M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$111.00K	USD	1 Quarter
Depreciation	`Depreciation`	$1.21M	USD	2 Qtrs
Depreciation	`Depreciation`	$951.00K	USD	2 Qtrs
Provision for losses (recoveries) on accounts receivable	`ProvisionForDoubtfulAccounts`	$-2.00K	USD	2 Qtrs
Provision for losses (recoveries) on accounts receivable	`ProvisionForDoubtfulAccounts`	$102.00K	USD	2 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$68.00K	USD	2 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$13.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-947.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.01M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-53.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$4.41M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$41.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$44.00K	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$328.00K	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$215.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-122.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-544.00K	USD	2 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-184.00K	USD	2 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.11M	USD	2 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.28M	USD	2 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$383.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.41M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-511.00K	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`	$77.00K	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.16M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.33M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.32M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.09M	USD	2 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$23.00K	USD	2 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$126.00K	USD	2 Qtrs
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$106.00K	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`	$-232.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-583.00K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.31M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.83M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.32M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.43M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.50M	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`	$8.32M	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`	$5.50M	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.