10-Q Filing

BRIDGFORD FOODS CORP CIK: 14177 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001437749-15-004340`
Period End Date	20150131
Filing Date	20150306
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	brid-20150123.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 20 Cash Flow Statement 50

Balance Sheet 81 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`	$161.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.93M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$6.51M	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`	$11.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.32M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $161 and $144, respectively, and promotional allowances of $6,515 and $5,810, respectively	`AccountsReceivableNetCurrent`	$10.30M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$558.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $161 and $144, respectively, and promotional allowances of $6,515 and $5,810, respectively	`AccountsReceivableNetCurrent`	$11.59M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$477.00K	USD	Point-in-time
Inventories, less inventory reserves of $477 and $558, respectively (Note 2)	`InventoryNet`	$21.29M	USD	Point-in-time
Inventories, less inventory reserves of $477 and $558, respectively (Note 2)	`InventoryNet`	$14.38M	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceCurrent`	$2.11M	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceCurrent`	$2.11M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$346.00K	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$58.45M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$742.00K	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$59.09M	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$62.00K	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceNoncurrent`	$8.49M	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceNoncurrent`	$8.49M	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$133.00K	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Deferred income taxes, less valuation allowance of $2,113	`DeferredTaxAssetsLiabilitiesNetCurrent`	-	USD	Point-in-time
Deferred income taxes, less valuation allowance of $2,113	`DeferredTaxAssetsLiabilitiesNetCurrent`	-	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.69M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.27M	USD	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 $59,087 and $58,450, respectively	`PropertyPlantAndEquipmentNet`	$11.62M	USD	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 $59,087 and $58,450, respectively	`PropertyPlantAndEquipmentNet`	$12.25M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.73M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.66M	USD	Point-in-time
Deferred income taxes, less valuation allowance of $8,486	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	-	USD	Point-in-time
Deferred income taxes, less valuation allowance of $8,486	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	-	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	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
Total assets	`Assets`	$58.18M	USD	Point-in-time
Total assets	`Assets`	$63.39M	USD	Point-in-time
Total assets	`Assets`	$57.04M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	9.11M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	9.11M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	9.11M	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
Accounts payable	`AccountsPayableCurrent`	$4.76M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$6.03M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$6.54M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$2.60M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$1.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.40M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$18.52M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$18.23M	USD	Point-in-time
Total liabilities	`Liabilities`	$32.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$31.36M	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 9,108 and 9,113 shares, respectively	`CommonStockValue`	$9.17M	USD	Point-in-time
Common stock, $1.00 par value; authorized - 20,000 shares; issued and outstanding 9,108 and 9,113 shares, respectively	`CommonStockValue`	$9.17M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.58M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$25.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$24.86M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.37M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.37M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$25.25M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$25.68M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$58.18M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$57.04M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$34.71M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$32.47M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$22.20M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$25.09M	USD	1 Quarter
Gross margin	`GrossProfit`	$10.27M	USD	1 Quarter
Gross margin	`GrossProfit`	$9.62M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.02M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.15M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$247.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$467.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$13.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$467.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$234.00K	USD	1 Quarter
Net income per share Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.03	USD	1 Quarter
Net income per share Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.05	USD	1 Quarter
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`	9.11M	shares	1 Quarter
Cash dividends paid per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	-	USD	1 Quarter
Cash dividends paid per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	-	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$467.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$234.00K	USD	1 Quarter
Depreciation	`Depreciation`	$722.00K	USD	1 Quarter
Depreciation	`Depreciation`	$595.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$22.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$52.00K	USD	1 Quarter
Provision for promotional allowances	`PromotionalAllowances`	$704.00K	USD	1 Quarter
Provision for promotional allowances	`PromotionalAllowances`	$430.00K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$29.00K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.04M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.37M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-6.92M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.23M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$325.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$485.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$66.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$149.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.02M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-180.00K	USD	1 Quarter
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-746.00K	USD	1 Quarter
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-258.00K	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-237.00K	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-583.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.73M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.89M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$29.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.00K	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$496.00K	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$92.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-490.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-63.00K	USD	1 Quarter
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$38.00K	USD	1 Quarter
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$46.00K	USD	1 Quarter
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$53.00K	USD	1 Quarter
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$55.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-93.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-99.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.74M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.14M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.93M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$192.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.46M	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`	$4.93M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$192.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.46M	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	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

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