10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001437749-17-015706`
Period End Date	20170731
Filing Date	20170907
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	fizz-20170729.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 26 Cash Flow Statement 48 Stockholders Equity 10 Comprehensive Income 6

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$132.58M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$175.91M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.37M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$105.58M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$86.14M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$71.32M	USD	Point-in-time
Inventories	`InventoryNet`	$57.33M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$53.35M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.86M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.28M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.62M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$268.32M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.62M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$323.24M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$65.15M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$66.15M	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`	$5.75M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.63M	USD	Point-in-time
Total assets	`Assets`	$353.98M	USD	Point-in-time
Total assets	`Assets`	$409.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$54.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.10M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$35.64M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$29.02M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$89.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$15.87M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$69.88M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$175.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$87.21M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$11.82M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$12.09M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$8.75M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$9.07M	USD	Point-in-time
Common stock, $.01 par value - 75,000,000 shares authorized; 50,619,234 shares issued (50,616,134 shares at April 29)	`CommonStockValue`	$506.00K	USD	Point-in-time
Common stock, $.01 par value - 75,000,000 shares authorized; 50,619,234 shares issued (50,616,134 shares at April 29)	`CommonStockValue`	$506.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$35.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$35.73M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$227.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$196.32M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-604.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.23M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$235.67M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$245.62M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$213.47M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$409.78M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$353.98M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$217.11M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$259.83M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$131.61M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$155.33M	USD	1 Quarter
Gross profit	`GrossProfit`	$85.49M	USD	1 Quarter
Gross profit	`GrossProfit`	$104.50M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$41.49M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$46.72M	USD	1 Quarter
Interest expense	`InterestExpense`	$38.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$50.00K	USD	1 Quarter
Other income - net	`OtherNonoperatingIncomeExpense`	$311.00K	USD	1 Quarter
Other income - net	`OtherNonoperatingIncomeExpense`	$97.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$44.06M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$58.04M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.07M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.77M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.27M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.82	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.62	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.62	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.59M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.56M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.92M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.77M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$29.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.27M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.53M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.10M	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-64.00K	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$108.00K	USD	1 Quarter
Loss (gain) on disposal of property, net	`GainLossOnDispositionOfAssets1`	$-6.00K	USD	1 Quarter
Loss (gain) on disposal of property, net	`GainLossOnDispositionOfAssets1`	$6.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$41.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$49.00K	USD	1 Quarter
Stock-based tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Stock-based tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$28.00K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$14.82M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$14.79M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.90M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.97M	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$192.00K	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$656.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.86M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.76M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$19.09M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$24.79M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$30.45M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$43.54M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.05M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.50M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$9.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$15.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.04M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.48M	USD	1 Quarter
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$29.00K	USD	1 Quarter
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$46.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$29.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$46.00K	USD	1 Quarter
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$27.00M	USD	1 Quarter
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$39.54M	USD	1 Quarter
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$132.58M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$175.91M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$136.37M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$105.58M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$132.58M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$175.91M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$136.37M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$105.58M	USD	Point-in-time
Interest paid	`InterestPaid`	$127.00K	USD	1 Quarter
Interest paid	`InterestPaid`	$25.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$648.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$1.07M	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$235.67M	USD	Point-in-time
Balance	`StockholdersEquity`	$245.62M	USD	Point-in-time
Balance	`StockholdersEquity`	$213.47M	USD	Point-in-time
Net income	`NetIncomeLoss`	$29.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.27M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-628.00K	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$415.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$235.67M	USD	Point-in-time
Balance	`StockholdersEquity`	$245.62M	USD	Point-in-time
Balance	`StockholdersEquity`	$213.47M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$29.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.27M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-628.00K	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$415.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$29.41M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$37.64M	USD	1 Quarter

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