10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001437749-17-020312`
Period End Date	20171031
Filing Date	20171207
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	fizz-20171028.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 52 Cash Flow Statement 53 Stockholders Equity 14 Comprehensive Income 12

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$105.58M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.37M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$128.84M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$150.49M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$71.32M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$80.29M	USD	Point-in-time
Inventories	`InventoryNet`	$59.73M	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`	$53.35M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.06M	USD	Point-in-time
Common stock, shares shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.28M	USD	Point-in-time
Common stock, shares shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.63M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$279.91M	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
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$65.15M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$69.36M	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`	$6.09M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.75M	USD	Point-in-time
Total assets	`Assets`	$370.12M	USD	Point-in-time
Total assets	`Assets`	$353.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$64.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.10M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$31.98M	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`	$73.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$87.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$96.78M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$13.85M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$12.09M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$9.07M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$8.52M	USD	Point-in-time
Common stock, $.01 par value - 75,000,000 shares authorized; 50,633,534 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; 50,633,534 shares issued (50,616,134 shares at April 29)	`CommonStockValue`	$506.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$36.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$35.64M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$230.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$227.93M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-604.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.02M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$250.97M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$261.28M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$245.62M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$370.12M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$353.98M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$503.95M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$420.29M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$203.18M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$244.12M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$256.08M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$303.37M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$148.04M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$124.46M	USD	1 Quarter
Gross profit	`GrossProfit`	$164.21M	USD	2 Qtrs
Gross profit	`GrossProfit`	$200.58M	USD	2 Qtrs
Gross profit	`GrossProfit`	$96.08M	USD	1 Quarter
Gross profit	`GrossProfit`	$78.72M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$45.42M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$41.40M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$82.89M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$92.15M	USD	2 Qtrs
Interest expense	`InterestExpense`	$88.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$51.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$101.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$50.00K	USD	1 Quarter
Other income - net	`OtherNonoperatingIncomeExpense`	$219.00K	USD	2 Qtrs
Other income - net	`OtherNonoperatingIncomeExpense`	$122.00K	USD	1 Quarter
Other income - net	`OtherNonoperatingIncomeExpense`	$617.00K	USD	2 Qtrs
Other income - net	`OtherNonoperatingIncomeExpense`	$306.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$81.46M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$108.95M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$37.39M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$50.91M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$27.86M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$36.70M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.79M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.93M	USD	1 Quarter
Net income	`NetIncomeLoss`	$72.25M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$24.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.60M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$33.98M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.15	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.55	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.73	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.72	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.15	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.54	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.59M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.59M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.56M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.56M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.92M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.76M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.76M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.92M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$72.25M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$24.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.60M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$33.98M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.36M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.09M	USD	2 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$214.00K	USD	2 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-127.00K	USD	2 Qtrs
Gain on sale of property, net	`GainLossOnDispositionOfAssets1`	-	USD	2 Qtrs
Gain on sale of property, net	`GainLossOnDispositionOfAssets1`	$6.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$80.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$98.00K	USD	2 Qtrs
Stock-based tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$76.00K	USD	2 Qtrs
Stock-based tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$2.26M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$8.97M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$6.37M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.17M	USD	2 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.07M	USD	2 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$854.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.91M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.63M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$4.46M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$2.49M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$53.26M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$72.34M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.47M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.32M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$39.00K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$15.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.45M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.28M	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	-	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$69.90M	USD	Point-in-time
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$69.88M	USD	2 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$282.00K	USD	2 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$100.00K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-69.60M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$100.00K	USD	2 Qtrs
Net (Decrease) Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.54M	USD	2 Qtrs
Net (Decrease) Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$44.91M	USD	2 Qtrs
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$105.58M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$136.37M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$128.84M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$150.49M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$105.58M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$136.37M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$128.84M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$150.49M	USD	Point-in-time
Interest paid	`InterestPaid`	$38.00K	USD	2 Qtrs
Interest paid	`InterestPaid`	$152.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$25.77M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$37.64M	USD	2 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$250.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$261.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$245.62M	USD	Point-in-time
Balance	`StockholdersEquity`	$250.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$261.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$245.62M	USD	Point-in-time
Net income	`NetIncomeLoss`	$72.25M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$24.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.60M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$33.98M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$2.62M	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`	$3.25M	USD	1 Quarter

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$72.25M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$24.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.60M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$33.98M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$2.62M	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`	$3.25M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$25.44M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$54.85M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$74.87M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$37.23M	USD	1 Quarter

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