10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001437749-15-004826`
Period End Date	20150131
Filing Date	20150312
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	fizz-20150131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 60 Cash Flow Statement 53 Stockholders Equity 23 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`	$18.27M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.45M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.93M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.11M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$58.20M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$51.30M	USD	Point-in-time
Inventories	`InventoryNet`	$43.91M	USD	Point-in-time
Inventories	`InventoryNet`	$46.49M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxAssetsNetCurrent`	$2.69M	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
Deferred income taxes net	`DeferredTaxAssetsNetCurrent`	$2.92M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares authorized (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`	$7.79M	USD	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
Total current assets	`AssetsCurrent`	$148.95M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.40M	shares	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$59.49M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$58.20M	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`	$5.12M	USD	Point-in-time
Total assets	`Assets`	$222.84M	USD	Point-in-time
Total assets	`Assets`	$227.03M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$45.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$33.48M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$19.14M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$18.87M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$41.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$44.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.66M	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`	$15.00M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$14.32M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$13.87M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.57M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$8.24M	USD	Point-in-time
Common stock, $.01 par value - 75,000,000 shares authorized; 50,404,499 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; 50,404,499 shares issued (50,367,799 shares at May 3)	`CommonStockValue`	$504.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$37.51M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$42.77M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$80.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$117.63M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-205.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-440.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$101.97M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$137.47M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$106.20M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$227.03M	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`	$476.79M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$136.77M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$143.02M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$481.23M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$96.93M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$317.57M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$314.53M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$92.09M	USD	1 Quarter
Gross profit	`GrossProfit`	$46.09M	USD	1 Quarter
Gross profit	`GrossProfit`	$163.66M	USD	3 Qtrs
Gross profit	`GrossProfit`	$162.27M	USD	3 Qtrs
Gross profit	`GrossProfit`	$44.69M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$114.23M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$34.46M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$32.59M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$108.20M	USD	3 Qtrs
Interest expense	`InterestExpense`	$311.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$515.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$81.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$153.00K	USD	1 Quarter
Other expense (income) - net	`OtherNonoperatingIncomeExpense`	$-70.00K	USD	1 Quarter
Other expense (income) - net	`OtherNonoperatingIncomeExpense`	$208.00K	USD	1 Quarter
Other expense (income) - net	`OtherNonoperatingIncomeExpense`	$1.10M	USD	3 Qtrs
Other expense (income) - net	`OtherNonoperatingIncomeExpense`	$150.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$47.67M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.28M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.35M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$56.26M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.54M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.97M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.15M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.13M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$7.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.13M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$31.70M	USD	3 Qtrs
Less preferred dividends and accretion	`PreferredStockDividendsIncomeStatementImpact`	$238.00K	USD	3 Qtrs
Less preferred dividends and accretion	`PreferredStockDividendsIncomeStatementImpact`	$150.00K	USD	1 Quarter
Less preferred dividends and accretion	`PreferredStockDividendsIncomeStatementImpact`	$38.00K	USD	1 Quarter
Less preferred dividends and accretion	`PreferredStockDividendsIncomeStatementImpact`	$449.00K	USD	3 Qtrs
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.99M	USD	1 Quarter
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$31.25M	USD	3 Qtrs
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.77M	USD	1 Quarter
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$36.89M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.80	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.67	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.67	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.79	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.33M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.36M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.34M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.33M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.55M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.52M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.52M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.58M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$7.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.13M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$31.70M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.91M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.87M	USD	3 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$350.00K	USD	3 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-149.00K	USD	3 Qtrs
(Gain) loss on disposal of property, net	`GainLossOnDispositionOfAssets`	$-10.00K	USD	3 Qtrs
(Gain) loss on disposal of property, net	`GainLossOnDispositionOfAssets`	$1.25M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$56.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$212.00K	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-6.90M	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-12.81M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.58M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.23M	USD	3 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.81M	USD	3 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$301.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-12.13M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-11.16M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-491.00K	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-4.83M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$36.71M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$32.31M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.01M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.16M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.85M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$34.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.31M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.97M	USD	3 Qtrs
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$449.00K	USD	3 Qtrs
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$201.00K	USD	3 Qtrs
Repayments under credit facilities	`ProceedsFromRepaymentsOfLinesOfCredit`	$-15.00M	USD	3 Qtrs
Repayments under credit facilities	`ProceedsFromRepaymentsOfLinesOfCredit`	$-15.00M	USD	3 Qtrs
Redemption of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$-6.00M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$315.00K	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-35.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-20.89M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.48M	USD	3 Qtrs
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.52M	USD	3 Qtrs
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.85M	USD	3 Qtrs
Cash and Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$18.27M	USD	Point-in-time
Cash and Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$40.45M	USD	Point-in-time
Cash and Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$29.93M	USD	Point-in-time
Cash and Equivalents - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$27.11M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$18.27M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$40.45M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$29.93M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$27.11M	USD	Point-in-time
Interest paid	`InterestPaid`	$589.00K	USD	3 Qtrs
Interest paid	`InterestPaid`	$320.00K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$18.74M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$17.84M	USD	3 Qtrs

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning of period	`AdditionalPaidInCapital`	$37.51M	USD	Point-in-time
Beginning of period	`AdditionalPaidInCapital`	$42.77M	USD	Point-in-time
End of period	`AdditionalPaidInCapital`	$37.51M	USD	Point-in-time
End of period	`AdditionalPaidInCapital`	$42.77M	USD	Point-in-time
Beginning of period	`RetainedEarningsAccumulatedDeficit`	$80.74M	USD	Point-in-time
Beginning of period	`RetainedEarningsAccumulatedDeficit`	$117.63M	USD	Point-in-time
Net income	`NetIncomeLoss`	$7.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.13M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$31.70M	USD	3 Qtrs
End of period	`RetainedEarningsAccumulatedDeficit`	$80.74M	USD	Point-in-time
End of period	`RetainedEarningsAccumulatedDeficit`	$117.63M	USD	Point-in-time
Beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-205.00K	USD	Point-in-time
Beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-440.00K	USD	Point-in-time
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$383.00K	USD	3 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$342.00K	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-235.00K	USD	3 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-846.00K	USD	1 Quarter
End of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-205.00K	USD	Point-in-time
End of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-440.00K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$101.97M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$137.47M	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`	$7.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.13M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$31.70M	USD	3 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$383.00K	USD	3 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$342.00K	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-235.00K	USD	3 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-846.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.48M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$32.09M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$36.89M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.96M	USD	1 Quarter

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