10-Q Filing

BRIDGFORD FOODS CORP CIK: 14177 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-037848`
Period End Date	20160630
Filing Date	20160819
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	brid-20160708.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 36 Cash Flow Statement 58

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$55.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$146.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.86M	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`	$12.29M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$2.69M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$324.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $55 and $146, respectively, and promotional allowances of $2,694 and $3,061, respectively	`AccountsReceivableNetCurrent`	$14.62M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $55 and $146, respectively, and promotional allowances of $2,694 and $3,061, respectively	`AccountsReceivableNetCurrent`	$14.27M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$381.00K	USD	Point-in-time
Inventories, less inventory reserves of $324 and $381, respectively (Note 2)	`InventoryNet`	$19.98M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$60.45M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$61.63M	USD	Point-in-time
Inventories, less inventory reserves of $324 and $381, respectively (Note 2)	`InventoryNet`	$21.57M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$1.04M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$319.00K	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`	$49.17M	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
Property, plant and equipment, net of accumulated depreciation and amortization of $61,629 and $60,454, respectively	`PropertyPlantAndEquipmentNet`	$10.23M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $61,629 and $60,454, respectively	`PropertyPlantAndEquipmentNet`	$10.59M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	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
Other non-current assets	`OtherAssetsNoncurrent`	$24.36M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	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`	$60.28M	USD	Point-in-time
Total assets	`Assets`	$84.13M	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`	$6.09M	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`	$6.42M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	9.08M	shares	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$4.77M	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`	$3.41M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$2.83M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.32M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$96.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.91M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$25.45M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$27.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$43.34M	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`	$9.13M	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
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`	$45.49M	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`	$40.79M	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`	$84.13M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$29.89M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$26.49M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$87.90M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$97.19M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$17.72M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$15.87M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$57.38M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$59.01M	USD	3 Qtrs
Gross margin	`GrossProfit`	$30.51M	USD	3 Qtrs
Gross margin	`GrossProfit`	$10.62M	USD	1 Quarter
Gross margin	`GrossProfit`	$38.18M	USD	3 Qtrs
Gross margin	`GrossProfit`	$12.17M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$8.62M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$25.85M	USD	3 Qtrs
SG&A	`SellingGeneralAndAdministrativeExpense`	$9.86M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$30.30M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.88M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.00M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.31M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.67M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$142.00K	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.70M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$142.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$489.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.52M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.19M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.82M	USD	1 Quarter
Net income per share Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.57	USD	3 Qtrs
Net income per share Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.20	USD	1 Quarter
Net income per share Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.20	USD	1 Quarter
Net income per share Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.50	USD	3 Qtrs
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`	9.10M	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`	9.08M	shares	3 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.52M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.19M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.82M	USD	1 Quarter
Depreciation	`Depreciation`	$2.04M	USD	3 Qtrs
Depreciation	`Depreciation`	$2.10M	USD	3 Qtrs
(Recovery on) provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$20.00K	USD	3 Qtrs
(Recovery on) provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$-128.00K	USD	3 Qtrs
(Reduction in) provision for promotional allowances	`ProvisionForPromotionalAllowances`	$367.00K	USD	3 Qtrs
(Reduction in) provision for promotional allowances	`ProvisionForPromotionalAllowances`	$85.00K	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.00K	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`	$-112.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-4.97M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.60M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$726.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$139.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$50.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$165.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-999.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$232.00K	USD	3 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$168.00K	USD	3 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$43.00K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.32M	USD	3 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-691.00K	USD	3 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$2.12M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.05M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.50M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$15.00K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$47.00K	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$549.00K	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.49M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.47M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-502.00K	USD	3 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$40.00K	USD	3 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$204.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$127.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$97.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-137.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-331.00K	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.66M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.44M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.86M	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`	$12.29M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.86M	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`	$12.29M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$1.59M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$45.00K	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`	$132.00K	USD	3 Qtrs
Returned OTR (over-the-road) tractors originally financed by capital lease obligation	`ReturnOfEquipmentFinancedByCapitalLease`	$69.00K	USD	1 Quarter
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.