10-Q Filing

BRIDGFORD FOODS CORP CIK: 14177 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001437749-15-011332`
Period End Date	20150430
Filing Date	20150529
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	brid-20150417.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 40 Cash Flow Statement 55

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$111.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$144.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$192.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.50M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$5.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.32M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$5.81M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $111 and $144, respectively, and promotional allowances of $5,431 and $5,810, respectively	`AccountsReceivableNetCurrent`	$9.65M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$558.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $111 and $144, respectively, and promotional allowances of $5,431 and $5,810, respectively	`AccountsReceivableNetCurrent`	$10.30M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$504.00K	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceCurrent`	$2.11M	USD	Point-in-time
Inventories, less inventory reserves of $504 and $558, respectively (Note 2)	`InventoryNet`	$21.29M	USD	Point-in-time
Inventories, less inventory reserves of $504 and $558, respectively (Note 2)	`InventoryNet`	$15.70M	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
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$59.09M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$864.00K	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`	$60.00K	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	`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`	1.00M	shares	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`	$33.87M	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 $59,237 and $58,450, respectively	`PropertyPlantAndEquipmentNet`	$12.25M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $59,237 and $58,450, respectively	`PropertyPlantAndEquipmentNet`	$10.72M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	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
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.79M	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
Total assets	`Assets`	$58.18M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Total assets	`Assets`	$58.39M	USD	Point-in-time
Total assets	`Assets`	$60.97M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	9.11M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	9.10M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	9.11M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.78M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	9.10M	shares	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$6.03M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$5.88M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$2.48M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$2.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.00M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$17.59M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$18.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$32.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$30.59M	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 9,098 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 9,098 and 9,113 shares, respectively	`CommonStockValue`	$9.16M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.48M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$27.53M	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`	$27.80M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$25.25M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$58.39M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$58.18M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$31.24M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$26.70M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$63.71M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$61.41M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$44.51M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$16.42M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$41.51M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$22.31M	USD	1 Quarter
Gross margin	`GrossProfit`	$19.20M	USD	2 Qtrs
Gross margin	`GrossProfit`	$8.94M	USD	1 Quarter
Gross margin	`GrossProfit`	$19.89M	USD	2 Qtrs
Gross margin	`GrossProfit`	$10.28M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.23M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.21M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$20.25M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.07M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.05M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.28M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.20M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.67M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.28M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.67M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.05M	USD	2 Qtrs
Net income (loss) per share Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Net income (loss) per share Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.24	USD	1 Quarter
Net income (loss) per share Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.29	USD	2 Qtrs
Net income (loss) per share Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	2 Qtrs
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	2 Qtrs
Weighted average common shares Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.10M	shares	1 Quarter
Weighted average common shares Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.13M	shares	2 Qtrs
Cash dividends paid per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	-	USD	2 Qtrs
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 dividends paid per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	-	USD	2 Qtrs

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.28M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.67M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.05M	USD	2 Qtrs
Depreciation	`Depreciation`	$1.46M	USD	2 Qtrs
Depreciation	`Depreciation`	$1.21M	USD	2 Qtrs
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$102.00K	USD	2 Qtrs
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$45.00K	USD	2 Qtrs
Reduction in (provision for) promotional allowances	`PromotionalAllowances`	$379.00K	USD	2 Qtrs
Reduction in (provision for) promotional allowances	`PromotionalAllowances`	$-1.73M	USD	2 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$68.00K	USD	2 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$117.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-224.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.74M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-5.59M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-53.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$445.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$44.00K	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$135.00K	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$215.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-122.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.14M	USD	2 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.11M	USD	2 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-185.00K	USD	2 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.28M	USD	2 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-462.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-511.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.89M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$29.00K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$77.00K	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$293.00K	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.16M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-264.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.09M	USD	2 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$126.00K	USD	2 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$119.00K	USD	2 Qtrs
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$103.00K	USD	2 Qtrs
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$106.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-232.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-222.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.41M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.83M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.60M	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`	$5.50M	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`	$7.60M	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`	$5.50M	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`	$12.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Returned OTR (over-the-road) tractors originally financed by capital lease obligation	`ReturnOfEquipmentFinancedByCapitalLease`	-	USD	2 Qtrs
Returned OTR (over-the-road) tractors originally financed by capital lease obligation	`ReturnOfEquipmentFinancedByCapitalLease`	$656.00K	USD	1 Quarter
Returned OTR (over-the-road) tractors originally financed by capital lease obligation	`ReturnOfEquipmentFinancedByCapitalLease`	$656.00K	USD	2 Qtrs

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