10-Q Filing

BRIDGFORD FOODS CORP CIK: 14177 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-032941`
Period End Date	20160331
Filing Date	20160527
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	brid-20160415.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 36 Cash Flow Statement 57

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$146.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$53.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$192.00K	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$3.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.60M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$2.83M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$323.00K	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$381.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $53 and $146, respectively, and promotional allowances of $2,832 and $3,061, respectively	`AccountsReceivableNetCurrent`	$15.10M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $53 and $146, respectively, and promotional allowances of $2,832 and $3,061, respectively	`AccountsReceivableNetCurrent`	$14.62M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$60.45M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$61.20M	USD	Point-in-time
Inventories, less inventory reserves of $323 and $381, respectively (Note 2)	`InventoryNet`	$19.98M	USD	Point-in-time
Inventories, less inventory reserves of $323 and $381, respectively (Note 2)	`InventoryNet`	$18.58M	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`	$1.03M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$44.97M	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
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 $61,201 and $60,454, respectively	`PropertyPlantAndEquipmentNet`	$10.23M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $61,201 and $60,454, respectively	`PropertyPlantAndEquipmentNet`	$9.81M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$24.23M	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`	$24.31M	USD	Point-in-time
Total assets	`Assets`	$75.30M	USD	Point-in-time
Total assets	`Assets`	$79.00M	USD	Point-in-time
Total assets	`Assets`	$58.39M	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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.10M	USD	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`	$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`	$4.59M	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`	$3.23M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$2.83M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$96.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$864.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.21M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$26.25M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$25.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$40.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$39.66M	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 9,076 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 9,076 and 9,080 shares, respectively	`CommonStockValue`	$9.13M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.33M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$40.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$43.67M	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`	$38.97M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$35.65M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$75.30M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$79.00M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$61.41M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$31.14M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$26.70M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$67.30M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$41.51M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$18.91M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$41.29M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$16.42M	USD	1 Quarter
Gross margin	`GrossProfit`	$26.01M	USD	2 Qtrs
Gross margin	`GrossProfit`	$12.23M	USD	1 Quarter
Gross margin	`GrossProfit`	$19.89M	USD	2 Qtrs
Gross margin	`GrossProfit`	$10.28M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$20.44M	USD	2 Qtrs
SG&A	`SellingGeneralAndAdministrativeExpense`	$17.23M	USD	2 Qtrs
SG&A	`SellingGeneralAndAdministrativeExpense`	$9.76M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$8.07M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.47M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.20M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.57M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.67M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$979.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.21M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.67M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.36M	USD	2 Qtrs
Net income per share Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.16	USD	1 Quarter
Net income per share Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.29	USD	2 Qtrs
Net income per share Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.24	USD	1 Quarter
Net income per share Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.37	USD	2 Qtrs
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`	9.08M	shares	2 Qtrs
Weighted average common shares Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.08M	shares	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.67M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.36M	USD	2 Qtrs
Depreciation	`Depreciation`	$1.46M	USD	2 Qtrs
Depreciation	`Depreciation`	$1.43M	USD	2 Qtrs
(Recovery on) provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$45.00K	USD	2 Qtrs
(Recovery on) provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$-130.00K	USD	2 Qtrs
(Reduction in) provision for promotional allowances	`ProvisionForPromotionalAllowances`	$379.00K	USD	2 Qtrs
(Reduction in) provision for promotional allowances	`ProvisionForPromotionalAllowances`	$-229.00K	USD	2 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$117.00K	USD	2 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$7.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$117.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-224.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.40M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-5.59M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$708.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$445.00K	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-84.00K	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$135.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.08M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.14M	USD	2 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-205.00K	USD	2 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-185.00K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$864.00K	USD	2 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-462.00K	USD	2 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$872.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.89M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.54M	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`	$12.00K	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$293.00K	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.01M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-264.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.00M	USD	2 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$40.00K	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`	$73.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-113.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-222.00K	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.42M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.41M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.27M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	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`	$7.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.27M	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`	$192.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.60M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$1.56M	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`	-	USD	2 Qtrs
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.