10-Q Filing

BRIDGFORD FOODS CORP CIK: 14177 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-016058`
Period End Date	20140630
Filing Date	20140825
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	brid-20140711.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 36 Cash Flow Statement 53

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$182.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$119.00K	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$3.16M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$4.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$558.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$975.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.32M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$972.00K	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceCurrent`	$2.28M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $182 and $119, respectively, and promotional allowances of $4,671 and $3,156, respectively	`AccountsReceivableNetCurrent`	$12.15M	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceCurrent`	$2.28M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $182 and $119, respectively, and promotional allowances of $4,671 and $3,156, respectively	`AccountsReceivableNetCurrent`	$10.46M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$57.35M	USD	Point-in-time
Inventories, less inventory reserves of $972 and $558, respectively (Note 2)	`InventoryNet`	$18.92M	USD	Point-in-time
Inventories, less inventory reserves of $972 and $558, respectively (Note 2)	`InventoryNet`	$20.05M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$58.65M	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceNoncurrent`	$5.67M	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceNoncurrent`	$5.67M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$333.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$550.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$683.00K	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$192.00K	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
Deferred income taxes, less valuation allowance of $2,276	`DeferredTaxAssetsLiabilitiesNetCurrent`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$40.41M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$32.23M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $58,652 and $57,352, respectively	`PropertyPlantAndEquipmentNet`	$12.41M	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
Property, plant and equipment, net of accumulated depreciation and amortization of $58,652 and $57,352, respectively	`PropertyPlantAndEquipmentNet`	$11.21M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.15M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.56M	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
Common stock, shares Issued	`CommonStockSharesIssued`	9.13M	shares	Point-in-time
Total assets	`Assets`	$62.78M	USD	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`	$58.20M	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`	$4.82M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.68M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$7.63M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$6.14M	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`	$14.01M	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`	$14.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$31.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.31M	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 9,120 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 9,120 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`	$8.62M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$29.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$25.78M	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`	$29.89M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$33.45M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$58.20M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$64.76M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$27.91M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$29.29M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$88.65M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$91.62M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$20.49M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$57.35M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$64.99M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$19.81M	USD	1 Quarter
Gross margin	`GrossProfit`	$26.63M	USD	3 Qtrs
Gross margin	`GrossProfit`	$9.48M	USD	1 Quarter
Gross margin	`GrossProfit`	$7.43M	USD	1 Quarter
Gross margin	`GrossProfit`	$31.30M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$30.06M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.48M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$29.27M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.81M	USD	1 Quarter
(Loss) income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.38M	USD	1 Quarter
(Loss) income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.00K	USD	1 Quarter
(Loss) income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.02M	USD	3 Qtrs
(Loss) income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.43M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$207.00K	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$24.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-3.43M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-19.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$1.81M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-2.38M	USD	1 Quarter
Net (loss) income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.20	USD	3 Qtrs
Net (loss) income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.26	USD	1 Quarter
Net (loss) income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.38	USD	3 Qtrs
Net (loss) income per share Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.13M	shares	3 Qtrs
Weighted average common shares Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.12M	shares	1 Quarter
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`	9.16M	shares	3 Qtrs
Cash dividends paid per share (in Dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.05	USD	3 Qtrs

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-3.43M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-19.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$1.81M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-2.38M	USD	1 Quarter
Depreciation	`Depreciation`	$1.38M	USD	3 Qtrs
Depreciation	`Depreciation`	$1.77M	USD	3 Qtrs
Provision for losses (recoveries) on accounts receivable	`ProvisionForDoubtfulAccounts`	$64.00K	USD	3 Qtrs
Provision for losses (recoveries) on accounts receivable	`ProvisionForDoubtfulAccounts`	$-22.00K	USD	3 Qtrs
Provision for promotional allowances	`PromotionalAllowances`	$1.51M	USD	3 Qtrs
Provision for promotional allowances	`PromotionalAllowances`	$752.00K	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$79.00K	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$22.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$583.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-107.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.33M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.13M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-201.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-274.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$616.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$409.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-139.00K	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`	$-1.51M	USD	3 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.21M	USD	3 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$716.00K	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.17M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$657.00K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$90.00K	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`	$2.99M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.26M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.90M	USD	3 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$59.00K	USD	3 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$140.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$138.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$142.00K	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$458.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-655.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-282.00K	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.35M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.26M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$975.00K	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`	$8.32M	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`	$975.00K	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`	$8.32M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs

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