10-Q Filing

BRIDGFORD FOODS CORP CIK: 14177 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-026857`
Period End Date	20160131
Filing Date	20160304
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	brid-20160122.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 18 Cash Flow Statement 52

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$82.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$146.00K	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$3.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$3.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$192.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.93M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $82 and $146, respectively, and promotional allowances of $3,704 and $3,061, respectively	`AccountsReceivableNetCurrent`	$12.68M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$359.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $82 and $146, respectively, and promotional allowances of $3,704 and $3,061, respectively	`AccountsReceivableNetCurrent`	$14.62M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$381.00K	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$60.45M	USD	Point-in-time
Inventories, less inventory reserves of $359 and $381, respectively (Note 2)	`InventoryNet`	$16.33M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$61.06M	USD	Point-in-time
Inventories, less inventory reserves of $359 and $381, respectively (Note 2)	`InventoryNet`	$19.98M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$319.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$1.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$40.76M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$42.66M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	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 $61,056 and $60,454, respectively	`PropertyPlantAndEquipmentNet`	$10.23M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $61,056 and $60,454, respectively	`PropertyPlantAndEquipmentNet`	$10.11M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$24.31M	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`	$23.99M	USD	Point-in-time
Total assets	`Assets`	$57.04M	USD	Point-in-time
Total assets	`Assets`	$75.30M	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
Total assets	`Assets`	$76.77M	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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	9.08M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	9.08M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.05M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.09M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	9.08M	shares	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$4.42M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$5.20M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	9.08M	shares	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$2.65M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$2.83M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.34M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$96.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.21M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$25.45M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$25.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$39.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$39.27M	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 9,077 and 9,080 shares, respectively	`CommonStockValue`	$9.14M	USD	Point-in-time
Common stock, $1.00 par value; authorized 20,000 shares; issued and outstanding 9,077 and 9,080 shares, respectively	`CommonStockValue`	$9.13M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.31M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$42.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$40.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.13M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.13M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$37.49M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$35.65M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$76.77M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$75.30M	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$36.16M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$34.71M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$22.38M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$25.09M	USD	1 Quarter
Gross margin	`GrossProfit`	$9.62M	USD	1 Quarter
Gross margin	`GrossProfit`	$13.78M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.15M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.68M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.10M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$467.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.23M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income	`NetIncomeLoss`	$467.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.87M	USD	1 Quarter
Net income per share Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.21	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`	9.08M	shares	1 Quarter
Weighted average common shares Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.11M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$467.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.87M	USD	1 Quarter
Depreciation	`Depreciation`	$700.00K	USD	1 Quarter
Depreciation	`Depreciation`	$722.00K	USD	1 Quarter
Provision for (recoveries) losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$-82.00K	USD	1 Quarter
Provision for (recoveries) losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$52.00K	USD	1 Quarter
Provision for promotional allowances	`ProvisionForPromotionalAllowances`	$643.00K	USD	1 Quarter
Provision for promotional allowances	`ProvisionForPromotionalAllowances`	$704.00K	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`	$1.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.04M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.38M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-3.65M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-6.92M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$325.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$698.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-322.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$66.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.02M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.13M	USD	1 Quarter
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-949.00K	USD	1 Quarter
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-258.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.34M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-237.00K	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$393.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.89M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.44M	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`	$1.00K	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$578.00K	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$92.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-63.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-577.00K	USD	1 Quarter
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$25.00K	USD	1 Quarter
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$38.00K	USD	1 Quarter
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$55.00K	USD	1 Quarter
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$36.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-93.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-61.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.80M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.74M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.64M	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`	$4.93M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.64M	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`	$4.93M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$153.00K	USD	1 Quarter

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