10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-016844`
Period End Date	20140731
Filing Date	20140911
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	fizz-20140802.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 30 Cash Flow Statement 52 Stockholders Equity 21 Comprehensive Income 6

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.29M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.90M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.27M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.93M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$58.20M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$60.56M	USD	Point-in-time
Inventories	`InventoryNet`	$43.91M	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
Inventories	`InventoryNet`	$47.47M	USD	Point-in-time
Deferred income taxes - net	`DeferredTaxAssetsNetCurrent`	$2.69M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Deferred income taxes - net	`DeferredTaxAssetsNetCurrent`	$2.49M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.37M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssets`	$4.83M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.37M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssets`	$8.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$143.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$152.63M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$57.80M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$59.49M	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`	$5.45M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.16M	USD	Point-in-time
Total assets	`Assets`	$230.35M	USD	Point-in-time
Total assets	`Assets`	$222.84M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$45.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$42.11M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$20.42M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$18.87M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$44.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$4.99M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$67.52M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$64.52M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$30.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$25.00M	USD	Point-in-time
Deferred income taxes - net	`DeferredTaxLiabilitiesNoncurrent`	$13.87M	USD	Point-in-time
Deferred income taxes - net	`DeferredTaxLiabilitiesNoncurrent`	$14.02M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.87M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$8.24M	USD	Point-in-time
Common stock, $.01 par value - 75,000,000 shares authorized; 50,369,799 shares issued (50,367,799 shares at May 3)	`CommonStockValue`	$504.00K	USD	Point-in-time
Common stock, $.01 par value - 75,000,000 shares authorized; 50,369,799 shares issued (50,367,799 shares at May 3)	`CommonStockValue`	$504.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$42.77M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$37.06M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$80.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$95.94M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$166.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-205.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$115.94M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$82.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$106.20M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$222.84M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$230.35M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$172.35M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$174.64M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$113.60M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$114.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$59.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$58.75M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$40.09M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$37.64M	USD	1 Quarter
Interest expense	`InterestExpense`	$196.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$124.00K	USD	1 Quarter
Other income (expense) - net	`OtherNonoperatingIncomeExpense`	$-40.00K	USD	1 Quarter
Other income (expense) - net	`OtherNonoperatingIncomeExpense`	$1.20M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$18.43M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.28M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.91M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.36M	USD	1 Quarter
Less preferred dividends and accretion	`PreferredStockDividendsIncomeStatementImpact`	$150.00K	USD	1 Quarter
Less preferred dividends and accretion	`PreferredStockDividendsIncomeStatementImpact`	$163.00K	USD	1 Quarter
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$15.20M	USD	1 Quarter
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.92M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.34M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.33M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.53M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.52M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$12.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.36M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.05M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.95M	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-57.00K	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$117.00K	USD	1 Quarter
(Gain) loss on disposal of property, net	`GainLossOnDispositionOfAssets`	$1.25M	USD	1 Quarter
(Gain) loss on disposal of property, net	`GainLossOnDispositionOfAssets`	$-14.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$37.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$51.00K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$2.35M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-1.52M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.55M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.58M	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-564.00K	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-941.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.49M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$317.00K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$9.33M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$5.34M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$18.20M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$18.17M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.40M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.59M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.85M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.40M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$255.00K	USD	1 Quarter
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$125.00K	USD	1 Quarter
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$150.00K	USD	1 Quarter
Repayments under credit facilities	`ProceedsFromRepaymentsOfLinesOfCredit`	$-5.00M	USD	1 Quarter
Repayments under credit facilities	`ProceedsFromRepaymentsOfLinesOfCredit`	$-5.00M	USD	1 Quarter
Redemption of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$-6.00M	USD	1 Quarter
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$4.00K	USD	1 Quarter
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$23.00K	USD	1 Quarter
Stock-based tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.00K	USD	1 Quarter
Stock-based tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.10M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.14M	USD	1 Quarter
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.36M	USD	1 Quarter
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.63M	USD	1 Quarter
Cash and Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$37.29M	USD	Point-in-time
Cash and Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$28.90M	USD	Point-in-time
Cash and Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$18.27M	USD	Point-in-time
Cash and Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$29.93M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$37.29M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$28.90M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$18.27M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$29.93M	USD	Point-in-time
Interest paid	`InterestPaid`	$223.00K	USD	1 Quarter
Interest paid	`InterestPaid`	$117.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$132.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$770.00K	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Beginning and end of period	`CommonStockValue`	$504.00K	USD	Point-in-time
Beginning and end of period	`CommonStockValue`	$504.00K	USD	Point-in-time
Beginning of period	`AdditionalPaidInCapital`	$42.77M	USD	Point-in-time
Beginning of period	`AdditionalPaidInCapital`	$37.06M	USD	Point-in-time
End of period	`AdditionalPaidInCapital`	$42.77M	USD	Point-in-time
End of period	`AdditionalPaidInCapital`	$37.06M	USD	Point-in-time
Beginning of period	`RetainedEarningsAccumulatedDeficit`	$80.74M	USD	Point-in-time
Beginning of period	`RetainedEarningsAccumulatedDeficit`	$95.94M	USD	Point-in-time
Net income	`NetIncomeLoss`	$12.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.36M	USD	1 Quarter
End of period	`RetainedEarningsAccumulatedDeficit`	$80.74M	USD	Point-in-time
End of period	`RetainedEarningsAccumulatedDeficit`	$95.94M	USD	Point-in-time
Beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$166.00K	USD	Point-in-time
Beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-205.00K	USD	Point-in-time
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-280.00K	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$371.00K	USD	1 Quarter
End of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$166.00K	USD	Point-in-time
End of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-205.00K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$115.94M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$82.00M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$106.20M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$12.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.36M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-280.00K	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$371.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.79M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.73M	USD	1 Quarter

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