10-K Filing

BRIDGFORD FOODS CORP CIK: 14177 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001437749-15-000786`
Period End Date	20141031
Filing Date	20150116
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	brid-20141031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 18 Cash Flow Statement 55 Stockholders Equity 13 Comprehensive Income 24

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$144.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$119.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$192.00K	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$5.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$3.16M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$601.00K	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$558.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $144 and $119, respectively and promotional allowances of $5,810 and $3,156, respectively	`AccountsReceivableNetCurrent`	$12.15M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $144 and $119, respectively and promotional allowances of $5,810 and $3,156, respectively	`AccountsReceivableNetCurrent`	$10.30M	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceCurrent`	$2.28M	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceCurrent`	$2.11M	USD	Point-in-time
Inventories, less reserves of $601 and $558, respectively	`InventoryNet`	$21.29M	USD	Point-in-time
Inventories, less reserves of $601 and $558, respectively	`InventoryNet`	$18.92M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$333.00K	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$58.45M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$57.35M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$346.00K	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceNoncurrent`	$5.67M	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceNoncurrent`	$8.49M	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$683.00K	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$133.00K	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Deferred income taxes, less valuation allowance of $2,113 and $2,276, respectively	`DeferredTaxAssetsLiabilitiesNetCurrent`	-	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Deferred income taxes, less valuation allowance of $2,113 and $2,276, respectively	`DeferredTaxAssetsLiabilitiesNetCurrent`	-	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.27M	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, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $58,450 and $57,352, respectively	`PropertyPlantAndEquipmentNet`	$11.21M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $58,450 and $57,352, respectively	`PropertyPlantAndEquipmentNet`	$12.25M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.66M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.15M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Deferred income taxes, less valuation allowance of $8,486 and $5,671, respectively	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	-	USD	Point-in-time
Deferred income taxes, less valuation allowance of $8,486 and $5,671, respectively	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	-	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Total assets	`Assets`	$58.18M	USD	Point-in-time
Total assets	`Assets`	$64.76M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	9.11M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	9.13M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.82M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	9.13M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	9.11M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.78M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$6.03M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$7.63M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$2.60M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$3.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.65M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$18.52M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$15.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$32.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$31.31M	USD	Point-in-time
Contingencies and commitments (Notes 3, 5 and 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies and commitments (Notes 3, 5 and 6)	`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 9,113 and 9,134	`CommonStockValue`	$9.19M	USD	Point-in-time
Common stock, $1.00 par value Authorized, - 20,000 shares; issued and outstanding 9,113 and 9,134	`CommonStockValue`	$9.17M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.75M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$29.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$24.86M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.69M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.37M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$20.14M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$25.25M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$33.45M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$58.18M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$64.76M	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$129.00M	USD	Annual
Net sales	`SalesRevenueNet`	$133.40M	USD	Annual
Cost of products sold	`CostOfGoodsSold`	$83.57M	USD	Annual
Cost of products sold	`CostOfGoodsSold`	$94.74M	USD	Annual
Gross margin	`GrossProfit`	$45.44M	USD	Annual
Gross margin	`GrossProfit`	$38.66M	USD	Annual
SG&A	`SellingGeneralAndAdministrativeExpense`	$42.35M	USD	Annual
SG&A	`SellingGeneralAndAdministrativeExpense`	$43.09M	USD	Annual
(Loss) income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.08M	USD	Annual
(Loss) income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.43M	USD	Annual
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$-88.00K	USD	Annual
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$169.00K	USD	Annual
Net (loss) income	`NetIncomeLoss`	$2.92M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$-4.34M	USD	Annual
Basic (loss) earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.32	USD	Annual
Basic (loss) earnings per share (in dollars per share)	`EarningsPerShareBasic`	$-0.48	USD	Annual
Shares used to compute basic earnings per common share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.15M	shares	Annual
Shares used to compute basic earnings per common share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.12M	shares	Annual

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.92M	USD	Annual
Net income	`NetIncomeLoss`	$-4.34M	USD	Annual
Depreciation	`Depreciation`	$2.24M	USD	Annual
Depreciation	`Depreciation`	$2.83M	USD	Annual
Provision (recovery) for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$28.00K	USD	Annual
Provision (recovery) for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$23.00K	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$66.00K	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$152.00K	USD	Annual
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-1.21M	USD	Annual
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$1.60M	USD	Annual
Tax valuation allowance	`ValuationAllowanceDeferredTaxAssetChangeInAmount`	$1.60M	USD	Annual
Tax valuation allowance	`ValuationAllowanceDeferredTaxAssetChangeInAmount`	$-1.21M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.82M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$411.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$2.37M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.56M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$12.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-176.00K	USD	Annual
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-104.00K	USD	Annual
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-549.00K	USD	Annual
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$825.00K	USD	Annual
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$514.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$401.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$965.00K	USD	Annual
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.17M	USD	Annual
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.60M	USD	Annual
Current portion of non-current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-708.00K	USD	Annual
Current portion of non-current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-627.00K	USD	Annual
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-582.00K	USD	Annual
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$309.00K	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.02M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.76M	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$163.00K	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$72.00K	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.88M	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.38M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.71M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.31M	USD	Annual
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$184.00K	USD	Annual
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$209.00K	USD	Annual
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$206.00K	USD	Annual
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$214.00K	USD	Annual
Cash dividends paid	`PaymentsOfDividends`	$458.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-873.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-398.00K	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.42M	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.13M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$192.00K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$8.32M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$192.00K	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$8.32M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$70.00K	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$20.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$25.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$33.45M	USD	Point-in-time
Shares repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$209.00K	USD	Annual
Shares repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$184.00K	USD	Annual
Net income	`NetIncomeLoss`	$2.92M	USD	Annual
Net income	`NetIncomeLoss`	$-4.34M	USD	Annual
Cash dividends paid	`DividendsCash`	$458.00K	USD	Annual
Net change in defined benefit plans and other benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-3.68M	USD	Annual
Net change in defined benefit plans and other benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$11.06M	USD	Annual
Balance	`StockholdersEquity`	$20.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$25.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$33.45M	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.92M	USD	Annual
Net income	`NetIncomeLoss`	$-4.34M	USD	Annual
Actuarial (loss) gain unrecognized	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax`	$3.45M	USD	Annual
Actuarial (loss) gain unrecognized	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax`	$-10.46M	USD	Annual
Prior service cost	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax`	$1.00K	USD	Annual
Prior service cost	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax`	$1.00K	USD	Annual
Other comprehensive (loss) income from defined benefit plans	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent`	$10.46M	USD	Annual
Other comprehensive (loss) income from defined benefit plans	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent`	$-3.45M	USD	Annual
Actuarial (loss) gain	`OtherComprehensiveIncomeOtherPostRetirementPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax`	$395.00K	USD	Annual
Actuarial (loss) gain	`OtherComprehensiveIncomeOtherPostRetirementPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax`	$-321.00K	USD	Annual
Prior service cost	`OtherComprehensiveIncomeOtherPostRetirementPlansNetPriorServiceCostCreditArisingDuringPeriodBeforetax`	$208.00K	USD	Annual
Prior service cost	`OtherComprehensiveIncomeOtherPostRetirementPlansNetPriorServiceCostCreditArisingDuringPeriodBeforetax`	$97.00K	USD	Annual
Other comprehensive (loss) income from other postretirement benefit plans	`OtherComprehensiveIncomeOtherPostRetirementPlansAdjustmentBeforeTaxPortionAttributableToParent`	$-224.00K	USD	Annual
Other comprehensive (loss) income from other postretirement benefit plans	`OtherComprehensiveIncomeOtherPostRetirementPlansAdjustmentBeforeTaxPortionAttributableToParent`	$603.00K	USD	Annual
Other comprehensive (loss) income, before taxes	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$11.06M	USD	Annual
Other comprehensive (loss) income, before taxes	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-3.68M	USD	Annual
Tax (provision) benefit on other comprehensive loss	`OtherComprehensiveIncomeLossTax`	$-4.20M	USD	Annual
Tax (provision) benefit on other comprehensive loss	`OtherComprehensiveIncomeLossTax`	$1.05M	USD	Annual
Valuation allowance on tax benefit from items of other comprehensive income	`ValuationAllowanceOnTaxesFromItemsOfOtherComprehensiveIncome`	$1.05M	USD	Annual
Valuation allowance on tax benefit from items of other comprehensive income	`ValuationAllowanceOnTaxesFromItemsOfOtherComprehensiveIncome`	$-4.20M	USD	Annual
Change in other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeOtherNetOfTax`	$-3.68M	USD	Annual
Change in other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeOtherNetOfTax`	$11.06M	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-8.02M	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$13.98M	USD	Annual

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