10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-15-017094`
Period End Date	20150731
Filing Date	20150910
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	fizz-20150801.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 30 Cash Flow Statement 54 Stockholders Equity 21 Comprehensive Income 6

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.29M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.46M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$66.29M	USD	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
Trade receivables - net	`AccountsReceivableNetCurrent`	$59.95M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$66.04M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$42.92M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$46.57M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxAssetsNetCurrent`	$4.35M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxAssetsNetCurrent`	$5.53M	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`	$8.05M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.72M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.44M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.42M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$189.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$167.73M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$59.54M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$60.18M	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`	$5.08M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.04M	USD	Point-in-time
Total assets	`Assets`	$268.50M	USD	Point-in-time
Total assets	`Assets`	$247.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$42.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$44.90M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$21.26M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$28.01M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$98.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$5.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$76.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$66.25M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$10.00M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$15.24M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$15.09M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$8.79M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$8.47M	USD	Point-in-time
Common stock, $.01 par value - 75,000,000 shares authorized; 50,437,859 shares issued (50,418,019 shares at May 2)	`CommonStockValue`	$504.00K	USD	Point-in-time
Common stock, $.01 par value - 75,000,000 shares authorized; 50,437,859 shares issued (50,418,019 shares at May 2)	`CommonStockValue`	$504.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$37.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$38.09M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$129.77M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$146.85M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.52M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.78M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$147.78M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$162.94M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$115.94M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$268.50M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$247.75M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$174.64M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$185.39M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$122.49M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$114.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$62.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$59.84M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$37.64M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$36.81M	USD	1 Quarter
Interest expense	`InterestExpense`	$51.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$124.00K	USD	1 Quarter
Other (expense) income - net	`OtherNonoperatingIncomeExpense`	$1.20M	USD	1 Quarter
Other (expense) income - net	`OtherNonoperatingIncomeExpense`	$-35.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$26.01M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.28M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.89M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.91M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.11M	USD	1 Quarter
Less preferred dividends and accretion	`PreferredStockDividendsIncomeStatementImpact`	$163.00K	USD	1 Quarter
Less preferred dividends and accretion	`PreferredStockDividendsIncomeStatementImpact`	$38.00K	USD	1 Quarter
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$17.07M	USD	1 Quarter
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$15.20M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.34M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.40M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.59M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.53M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$15.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.05M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.02M	USD	1 Quarter
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$-7.00K	USD	1 Quarter
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$117.00K	USD	1 Quarter
Gain on sale of property, net	`GainLossOnDispositionOfAssets1`	$1.25M	USD	1 Quarter
Gain on sale of property, net	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$51.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$63.00K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$6.09M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$2.35M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.55M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.65M	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-941.00K	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$254.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.90M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.49M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$12.30M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$9.33M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$18.20M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.60M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.00M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.59M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.85M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.00M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$255.00K	USD	1 Quarter
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$37.00K	USD	1 Quarter
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$125.00K	USD	1 Quarter
Repayments under credit facilities	`ProceedsFromRepaymentsOfLinesOfCredit`	$-5.00M	USD	1 Quarter
Repayments under credit facilities	`ProceedsFromRepaymentsOfLinesOfCredit`	$-5.00M	USD	1 Quarter
Redemption of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	1 Quarter
Redemption of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$-6.00M	USD	1 Quarter
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$23.00K	USD	1 Quarter
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$219.00K	USD	1 Quarter
Stock-based tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.00K	USD	1 Quarter
Stock-based tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$53.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.76M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.10M	USD	1 Quarter
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.36M	USD	1 Quarter
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.84M	USD	1 Quarter
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$37.29M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$52.46M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$66.29M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$29.93M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$37.29M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$52.46M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$66.29M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$29.93M	USD	Point-in-time
Interest paid	`InterestPaid`	$51.00K	USD	1 Quarter
Interest paid	`InterestPaid`	$117.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$110.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$132.00K	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Beginning and end of period	`CommonStockValue`	$504.00K	USD	Point-in-time
Beginning and end of period	`CommonStockValue`	$504.00K	USD	Point-in-time
Beginning of period	`AdditionalPaidInCapital`	$37.76M	USD	Point-in-time
Beginning of period	`AdditionalPaidInCapital`	$38.09M	USD	Point-in-time
End of period	`AdditionalPaidInCapital`	$37.76M	USD	Point-in-time
End of period	`AdditionalPaidInCapital`	$38.09M	USD	Point-in-time
Beginning of period	`RetainedEarningsAccumulatedDeficit`	$129.77M	USD	Point-in-time
Beginning of period	`RetainedEarningsAccumulatedDeficit`	$146.85M	USD	Point-in-time
Net income	`NetIncomeLoss`	$15.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.11M	USD	1 Quarter
End of period	`RetainedEarningsAccumulatedDeficit`	$129.77M	USD	Point-in-time
End of period	`RetainedEarningsAccumulatedDeficit`	$146.85M	USD	Point-in-time
Beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.52M	USD	Point-in-time
Beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.78M	USD	Point-in-time
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-2.25M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$371.00K	USD	1 Quarter
End of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.52M	USD	Point-in-time
End of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.78M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$147.78M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$162.94M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$115.94M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$15.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.11M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-2.25M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$371.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.73M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$14.86M	USD	1 Quarter

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