10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-021963`
Period End Date	20141031
Filing Date	20141211
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	fizz-20141101.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 60 Cash Flow Statement 52 Stockholders Equity 25 Comprehensive Income 12

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.34M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.07M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	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`	$53.92M	USD	Point-in-time
Inventories	`InventoryNet`	$47.04M	USD	Point-in-time
Inventories	`InventoryNet`	$43.91M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxAssetsNetCurrent`	$2.69M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxAssetsNetCurrent`	$2.38M	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
Common stock, shares auhorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.40M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.55M	USD	Point-in-time
Common stock, shares auhorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$152.24M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.37M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$143.14M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.37M	shares	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$59.49M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$58.12M	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`	$5.13M	USD	Point-in-time
Total assets	`Assets`	$222.84M	USD	Point-in-time
Total assets	`Assets`	$230.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$45.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$42.97M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$16.10M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$18.87M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$101.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$44.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$59.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$64.52M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$20.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$30.00M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$13.87M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$14.16M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.70M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$8.24M	USD	Point-in-time
Common stock, $.01 par value, 75,000,000 shares authorized; 50,363,199 shares issued (50,361,799 shares at April 27)	`CommonStockValue`	$504.00K	USD	Point-in-time
Common stock, $.01 par value, 75,000,000 shares authorized; 50,363,199 shares issued (50,361,799 shares at April 27)	`CommonStockValue`	$504.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$42.77M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$37.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$108.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$80.74M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$406.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-205.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$129.21M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$94.60M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$106.20M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$230.25M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$222.84M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$167.67M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$338.21M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$163.57M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$340.02M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$222.44M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$108.84M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$220.64M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$105.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$117.58M	USD	2 Qtrs
Gross profit	`GrossProfit`	$117.57M	USD	2 Qtrs
Gross profit	`GrossProfit`	$58.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$57.73M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$37.97M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$79.77M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$39.68M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$75.61M	USD	2 Qtrs
Interest expense	`InterestExpense`	$230.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$166.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$362.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$106.00K	USD	1 Quarter
Other expense (income) - net	`OtherNonoperatingIncomeExpense`	$-23.00K	USD	1 Quarter
Other expense (income) - net	`OtherNonoperatingIncomeExpense`	$1.17M	USD	2 Qtrs
Other expense (income) - net	`OtherNonoperatingIncomeExpense`	$-58.00K	USD	2 Qtrs
Other expense (income) - net	`OtherNonoperatingIncomeExpense`	$-18.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$37.39M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$18.96M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$42.91M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.63M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.67M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.59M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.82M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.47M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.32M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$24.57M	USD	2 Qtrs
Less preferred dividends and accretion	`PreferredStockDividendsIncomeStatementImpact`	$299.00K	USD	2 Qtrs
Less preferred dividends and accretion	`PreferredStockDividendsIncomeStatementImpact`	$200.00K	USD	2 Qtrs
Less preferred dividends and accretion	`PreferredStockDividendsIncomeStatementImpact`	$149.00K	USD	1 Quarter
Less preferred dividends and accretion	`PreferredStockDividendsIncomeStatementImpact`	$37.00K	USD	1 Quarter
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$28.12M	USD	2 Qtrs
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$12.35M	USD	1 Quarter
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$24.27M	USD	2 Qtrs
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$12.92M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.52	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.61	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.28	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.52	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.28	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.60	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.34M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.34M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.33M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.33M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.54M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.51M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.54M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.51M	shares	2 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$12.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.32M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$24.57M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.83M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.05M	USD	2 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$236.00K	USD	2 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-117.00K	USD	2 Qtrs
Gain on disposal of property, net	`GainLossOnDispositionOfAssets`	$1.25M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$131.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$24.00K	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-8.13M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-4.28M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.12M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.69M	USD	2 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-635.00K	USD	2 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$374.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.01M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.63M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-3.86M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.41M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.50M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$31.23M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.37M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.56M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$17.00K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.85M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.35M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.71M	USD	2 Qtrs
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$163.00K	USD	2 Qtrs
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$299.00K	USD	2 Qtrs
Repayments under credit facilities	`ProceedsFromRepaymentsOfLinesOfCredit`	$-10.00M	USD	2 Qtrs
Repayments under credit facilities	`ProceedsFromRepaymentsOfLinesOfCredit`	$-10.00M	USD	2 Qtrs
Redemption of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$-6.00M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-53.00K	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$55.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.35M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.11M	USD	2 Qtrs
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$12.41M	USD	2 Qtrs
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.80M	USD	2 Qtrs
Cash and Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$42.34M	USD	Point-in-time
Cash and Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$27.07M	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`	$42.34M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$27.07M	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`	$227.00K	USD	2 Qtrs
Interest paid	`InterestPaid`	$395.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$13.55M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$13.04M	USD	2 Qtrs

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
End of period	`CommonStockValue`	$504.00K	USD	Point-in-time
End of period	`CommonStockValue`	$504.00K	USD	Point-in-time
Beginning of period	`AdditionalPaidInCapital`	$42.77M	USD	Point-in-time
Beginning of period	`AdditionalPaidInCapital`	$37.17M	USD	Point-in-time
End of period	`AdditionalPaidInCapital`	$42.77M	USD	Point-in-time
End of period	`AdditionalPaidInCapital`	$37.17M	USD	Point-in-time
Beginning of period	`RetainedEarningsAccumulatedDeficit`	$108.86M	USD	Point-in-time
Beginning of period	`RetainedEarningsAccumulatedDeficit`	$80.74M	USD	Point-in-time
Net income	`NetIncomeLoss`	$12.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.32M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$24.57M	USD	2 Qtrs
End of period	`RetainedEarningsAccumulatedDeficit`	$108.86M	USD	Point-in-time
End of period	`RetainedEarningsAccumulatedDeficit`	$80.74M	USD	Point-in-time
Beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$406.00K	USD	Point-in-time
Beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-205.00K	USD	Point-in-time
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$611.00K	USD	2 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$41.00K	USD	2 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$321.00K	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$239.00K	USD	1 Quarter
End of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$406.00K	USD	Point-in-time
End of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-205.00K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$129.21M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$94.60M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$106.20M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$12.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.32M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$24.57M	USD	2 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$611.00K	USD	2 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$41.00K	USD	2 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$321.00K	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$239.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$24.61M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$13.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$28.93M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.82M	USD	1 Quarter

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