10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-042752`
Period End Date	20161031
Filing Date	20161130
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	fizz-20161029.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 60 Cash Flow Statement 54 Stockholders Equity 14 Comprehensive Income 12

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$75.79M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.46M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$150.49M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$105.58M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$63.31M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$61.05M	USD	Point-in-time
Inventories	`InventoryNet`	$47.92M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$50.09M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred income taxes net	`DeferredTaxAssetsNetCurrent`	$4.45M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Deferred income taxes net	`DeferredTaxAssetsNetCurrent`	$3.79M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.67M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.59M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.44M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.60M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$223.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$271.12M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$61.93M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$65.03M	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`	$5.13M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.09M	USD	Point-in-time
Total assets	`Assets`	$355.99M	USD	Point-in-time
Total assets	`Assets`	$305.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$43.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$49.39M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$26.58M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$26.20M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$28.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$986.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$71.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$75.61M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$14.43M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$14.47M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$9.26M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$9.23M	USD	Point-in-time
Common stock, $.01 par value - 75,000,000 shares authorized; 50,595,034 shares issued (50,588,734 shares at April 30)	`CommonStockValue`	$506.00K	USD	Point-in-time
Common stock, $.01 par value - 75,000,000 shares authorized; 50,595,034 shares issued (50,588,734 shares at April 30)	`CommonStockValue`	$506.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.57M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$244.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$190.73M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.81M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-552.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$261.28M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$178.88M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$206.15M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$305.50M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$355.99M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$420.29M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$203.18M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$178.68M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$364.06M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$124.46M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$256.08M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$118.06M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$240.54M	USD	2 Qtrs
Gross profit	`GrossProfit`	$164.21M	USD	2 Qtrs
Gross profit	`GrossProfit`	$78.72M	USD	1 Quarter
Gross profit	`GrossProfit`	$123.52M	USD	2 Qtrs
Gross profit	`GrossProfit`	$60.62M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$37.25M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$41.40M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$74.06M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$82.89M	USD	2 Qtrs
Interest expense	`InterestExpense`	$88.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$113.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$62.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$50.00K	USD	1 Quarter
Other income (expense) - net	`OtherNonoperatingIncomeExpense`	$-74.00K	USD	2 Qtrs
Other income (expense) - net	`OtherNonoperatingIncomeExpense`	$219.00K	USD	2 Qtrs
Other income (expense) - net	`OtherNonoperatingIncomeExpense`	$-39.00K	USD	1 Quarter
Other income (expense) - net	`OtherNonoperatingIncomeExpense`	$122.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$49.28M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.27M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$81.46M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$37.39M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$27.86M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.85M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.96M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.79M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.60M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$24.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.42M	USD	2 Qtrs
Less preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	1 Quarter
Less preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	2 Qtrs
Less preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$37.00K	USD	1 Quarter
Less preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$75.00K	USD	2 Qtrs
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$53.60M	USD	2 Qtrs
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$15.28M	USD	1 Quarter
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$24.60M	USD	1 Quarter
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$32.35M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.70	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.15	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.15	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.69	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.56M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.42M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.41M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.56M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.76M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.62M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.76M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.65M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$53.60M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$24.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.42M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.36M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.05M	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-15.00K	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-127.00K	USD	2 Qtrs
Gain on sale of property, net	`GainLossOnDispositionOfAssets1`	$5.00K	USD	2 Qtrs
Gain on sale of property, net	`GainLossOnDispositionOfAssets1`	$6.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$98.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$128.00K	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$2.26M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-2.67M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$5.75M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.17M	USD	2 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-583.00K	USD	2 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$854.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.44M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.91M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$3.51M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$4.46M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$53.19M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$37.16M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.47M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.41M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$15.00K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.45M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.41M	USD	2 Qtrs
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$74.00K	USD	2 Qtrs
Repayments under credit facilities	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Repayments under credit facilities	`ProceedsFromRepaymentsOfLinesOfCredit`	$-10.00M	USD	2 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$100.00K	USD	2 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$442.00K	USD	2 Qtrs
Stock-based tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$211.00K	USD	2 Qtrs
Stock-based tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$76.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$176.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-9.42M	USD	2 Qtrs
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$44.91M	USD	2 Qtrs
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$23.33M	USD	2 Qtrs
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$75.79M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$52.46M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$150.49M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$105.58M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$75.79M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$52.46M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$150.49M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$105.58M	USD	Point-in-time
Interest paid	`InterestPaid`	$90.00K	USD	2 Qtrs
Interest paid	`InterestPaid`	$152.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$15.15M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$25.77M	USD	2 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$261.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$178.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$206.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$261.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$178.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$206.15M	USD	Point-in-time
Net income	`NetIncomeLoss`	$53.60M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$24.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.42M	USD	2 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$840.00K	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.25M	USD	2 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-2.03M	USD	2 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$222.00K	USD	1 Quarter

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$53.60M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$24.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.42M	USD	2 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$840.00K	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.25M	USD	2 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-2.03M	USD	2 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$222.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$30.40M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$54.85M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.53M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$25.44M	USD	1 Quarter

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