10-Q Filing

BRIDGFORD FOODS CORP CIK: 14177 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001437749-15-016284`
Period End Date	20150630
Filing Date	20150821
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	brid-20150710.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 40 Cash Flow Statement 55

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$112.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$144.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$975.00K	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$5.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$192.00K	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$5.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.86M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $112 and $144, respectively, and promotional allowances of $5,725 and $5,810, respectively	`AccountsReceivableNetCurrent`	$9.32M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$558.00K	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$587.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $112 and $144, respectively, and promotional allowances of $5,725 and $5,810, respectively	`AccountsReceivableNetCurrent`	$10.30M	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
Inventories, less inventory reserves of $587 and $558, respectively (Note 2)	`InventoryNet`	$16.32M	USD	Point-in-time
Inventories, less inventory reserves of $587 and $558, respectively (Note 2)	`InventoryNet`	$21.29M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$526.00K	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$58.45M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$346.00K	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$59.45M	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$133.00K	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceNoncurrent`	$8.49M	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$92.00K	USD	Point-in-time
Deferred income taxes, valuation allowance	`DeferredTaxAssetsValuationAllowanceNoncurrent`	$8.49M	USD	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, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$36.12M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	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, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $59,449 and $58,450, respectively	`PropertyPlantAndEquipmentNet`	$12.25M	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 $59,449 and $58,450, respectively	`PropertyPlantAndEquipmentNet`	$10.34M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.82M	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
Total assets	`Assets`	$58.18M	USD	Point-in-time
Total assets	`Assets`	$60.28M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Total assets	`Assets`	$58.20M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	9.09M	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
Accounts payable	`AccountsPayableCurrent`	$4.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.78M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	9.09M	shares	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$6.03M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$4.93M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$3.49M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$2.60M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$166.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.37M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$17.34M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$18.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$30.71M	USD	Point-in-time
Total liabilities	`Liabilities`	$32.93M	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 9,090 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 9,090 and 9,113 shares, respectively	`CommonStockValue`	$9.15M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.58M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$29.39M	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`	$29.71M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$25.25M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$60.28M	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`	$91.62M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$27.91M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$87.90M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$26.49M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$64.99M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$20.49M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$57.38M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$15.87M	USD	1 Quarter
Gross margin	`GrossProfit`	$10.62M	USD	1 Quarter
Gross margin	`GrossProfit`	$26.63M	USD	3 Qtrs
Gross margin	`GrossProfit`	$30.51M	USD	3 Qtrs
Gross margin	`GrossProfit`	$7.43M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$25.85M	USD	3 Qtrs
SG&A	`SellingGeneralAndAdministrativeExpense`	$30.06M	USD	3 Qtrs
SG&A	`SellingGeneralAndAdministrativeExpense`	$9.81M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$8.62M	USD	1 Quarter
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.38M	USD	1 Quarter
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.00M	USD	1 Quarter
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.43M	USD	3 Qtrs
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.67M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$142.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$142.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-2.38M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.85M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.43M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$4.52M	USD	3 Qtrs
Net income (loss) per share Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.38	USD	3 Qtrs
Net income (loss) per share Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.50	USD	3 Qtrs
Net income (loss) per share Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.26	USD	1 Quarter
Net income (loss) per share Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.20	USD	1 Quarter
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`	9.10M	shares	3 Qtrs
Weighted average common shares Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.12M	shares	1 Quarter
Weighted average common shares Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.13M	shares	3 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	3 Qtrs
Cash dividends paid per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	-	USD	3 Qtrs

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-2.38M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.85M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.43M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$4.52M	USD	3 Qtrs
Depreciation	`Depreciation`	$1.77M	USD	3 Qtrs
Depreciation	`Depreciation`	$2.10M	USD	3 Qtrs
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$64.00K	USD	3 Qtrs
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$20.00K	USD	3 Qtrs
Provision for promotional allowances	`PromotionalAllowances`	$85.00K	USD	3 Qtrs
Provision for promotional allowances	`PromotionalAllowances`	$1.51M	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$79.00K	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$122.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-877.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-107.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.13M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-4.97M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-274.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$139.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$409.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$165.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-139.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-999.00K	USD	3 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$43.00K	USD	3 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.51M	USD	3 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-691.00K	USD	3 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.21M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.17M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.50M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$90.00K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$47.00K	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.99M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$549.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-502.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.90M	USD	3 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$140.00K	USD	3 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$204.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$142.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$127.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-331.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-282.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.35M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.66M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.32M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$975.00K	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`	$9.86M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.32M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$975.00K	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`	$9.86M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$45.00K	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Returned OTR (over-the-road) tractors originally financed by capital lease obligation	`ReturnOfEquipmentFinancedByCapitalLease`	-	USD	3 Qtrs
Returned OTR (over-the-road) tractors originally financed by capital lease obligation	`ReturnOfEquipmentFinancedByCapitalLease`	$656.00K	USD	3 Qtrs
Returned OTR (over-the-road) tractors originally financed by capital lease obligation	`ReturnOfEquipmentFinancedByCapitalLease`	$656.00K	USD	1 Quarter

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