10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001437749-17-004101`
Period End Date	20170131
Filing Date	20170309
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	fizz-20170128.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 60 Cash Flow Statement 57 Stockholders Equity 14 Comprehensive Income 12

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.46M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$86.10M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$105.58M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$105.67M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$61.05M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$68.71M	USD	Point-in-time
Inventories	`InventoryNet`	$48.44M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$47.92M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Deferred income taxes net	`DeferredTaxAssetsNetCurrent`	$4.45M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxAssetsNetCurrent`	$3.51M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.60M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.59M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.67M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.05M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$231.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$223.67M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$65.65M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$61.93M	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`	$5.00M	USD	Point-in-time
Total assets	`Assets`	$305.50M	USD	Point-in-time
Total assets	`Assets`	$316.79M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$49.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$49.39M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$26.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$28.75M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$28.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$11.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$78.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$75.61M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$14.39M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$14.47M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.53M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$9.26M	USD	Point-in-time
Common stock, $.01 par value - 75,000,000 shares authorized; 50,601,334 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; 50,601,334 shares issued (50,588,734 shares at April 30)	`CommonStockValue`	$506.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$35.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.57M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$190.73M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$198.77M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-32.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.81M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$206.15M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$192.95M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$216.45M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$316.79M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$305.50M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$194.56M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$614.85M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$161.69M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$525.75M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$349.68M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$374.72M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$109.14M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$118.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$75.92M	USD	1 Quarter
Gross profit	`GrossProfit`	$176.07M	USD	3 Qtrs
Gross profit	`GrossProfit`	$240.13M	USD	3 Qtrs
Gross profit	`GrossProfit`	$52.55M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$35.43M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$39.16M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$109.49M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$122.04M	USD	3 Qtrs
Interest expense	`InterestExpense`	$153.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$139.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$51.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$40.00K	USD	1 Quarter
Other income (expense) - net	`OtherNonoperatingIncomeExpense`	$416.00K	USD	3 Qtrs
Other income (expense) - net	`OtherNonoperatingIncomeExpense`	$197.00K	USD	1 Quarter
Other income (expense) - net	`OtherNonoperatingIncomeExpense`	$-2.00K	USD	1 Quarter
Other income (expense) - net	`OtherNonoperatingIncomeExpense`	$-76.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.08M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$66.35M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$36.91M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$118.36M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$40.48M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.62M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$22.69M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$77.88M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$24.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.66M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$11.24M	USD	1 Quarter
Less preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$112.00K	USD	3 Qtrs
Less preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	3 Qtrs
Less preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	1 Quarter
Less preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$37.00K	USD	1 Quarter
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$43.55M	USD	3 Qtrs
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$24.29M	USD	1 Quarter
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.20M	USD	1 Quarter
Earnings available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$77.88M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.67	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.94	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.67	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.93	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.57M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.42M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.56M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.45M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.76M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.71M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.76M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.65M	shares	3 Qtrs

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$77.88M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$24.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.66M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$11.24M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.07M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.60M	USD	3 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-21.00K	USD	3 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-189.00K	USD	3 Qtrs
Gain on sale of property, net	`GainLossOnDispositionOfAssets1`	$5.00K	USD	3 Qtrs
Gain on sale of property, net	`GainLossOnDispositionOfAssets1`	$36.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$182.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$146.00K	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-398.00K	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$7.66M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.40M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$518.00K	USD	3 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.70M	USD	3 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$194.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$282.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.23M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$3.59M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$5.39M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$81.42M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$49.82M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.82M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.83M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$43.00K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$15.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-11.82M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.77M	USD	3 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	-	USD	3 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$69.90M	USD	Point-in-time
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$69.85M	USD	3 Qtrs
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$112.00K	USD	3 Qtrs
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	3 Qtrs
Repayments under credit facilities	`ProceedsFromRepaymentsOfLinesOfCredit`	$-10.00M	USD	3 Qtrs
Repayments under credit facilities	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$682.00K	USD	3 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$186.00K	USD	3 Qtrs
Stock-based tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$153.00K	USD	3 Qtrs
Stock-based tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.03M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-8.40M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-69.51M	USD	3 Qtrs
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$89.00K	USD	3 Qtrs
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$33.65M	USD	3 Qtrs
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$52.46M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$86.10M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$105.58M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$105.67M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$52.46M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$86.10M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$105.58M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$105.67M	USD	Point-in-time
Interest paid	`InterestPaid`	$91.00K	USD	3 Qtrs
Interest paid	`InterestPaid`	$165.00K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$40.39M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$21.76M	USD	3 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$206.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$192.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$216.45M	USD	Point-in-time
Balance	`StockholdersEquity`	$206.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$192.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$216.45M	USD	Point-in-time
Net income	`NetIncomeLoss`	$77.88M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$24.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.66M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$11.24M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-274.00K	USD	3 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.75M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$520.00K	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.77M	USD	3 Qtrs

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$77.88M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$24.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.66M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$11.24M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-274.00K	USD	3 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.75M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$520.00K	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.77M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.99M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$79.66M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$24.80M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$43.39M	USD	3 Qtrs

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