10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-004217`
Period End Date	20180131
Filing Date	20180308
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	fizz-20180127.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 52 Cash Flow Statement 52 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`	$105.67M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$155.02M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.37M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$71.32M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$75.94M	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, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$60.83M	USD	Point-in-time
Common stock, shares shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.22M	USD	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
Total current assets	`AssetsCurrent`	$268.32M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.62M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.64M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$305.02M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$65.15M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$75.01M	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`	$5.91M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.75M	USD	Point-in-time
Total assets	`Assets`	$353.98M	USD	Point-in-time
Total assets	`Assets`	$400.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.10M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$29.02M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$32.16M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$89.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$103.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$87.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$90.76M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$7.75M	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`	$8.68M	USD	Point-in-time
Common stock, $.01 par value - 75,000,000 shares authorized; 50,641,234 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; 50,641,234 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`	$36.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$271.38M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$227.93M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.31M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-604.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$293.50M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$216.45M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$245.62M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$353.98M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$400.69M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$194.56M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$731.43M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$227.48M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$614.85M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$118.64M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$439.65M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$374.72M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$136.28M	USD	1 Quarter
Gross profit	`GrossProfit`	$291.78M	USD	3 Qtrs
Gross profit	`GrossProfit`	$240.13M	USD	3 Qtrs
Gross profit	`GrossProfit`	$75.92M	USD	1 Quarter
Gross profit	`GrossProfit`	$91.19M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$39.16M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$45.44M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$137.59M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$122.04M	USD	3 Qtrs
Interest expense	`InterestExpense`	$151.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$50.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$139.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$51.00K	USD	1 Quarter
Other income - net	`OtherNonoperatingIncomeExpense`	$1.04M	USD	3 Qtrs
Other income - net	`OtherNonoperatingIncomeExpense`	$426.00K	USD	1 Quarter
Other income - net	`OtherNonoperatingIncomeExpense`	$416.00K	USD	3 Qtrs
Other income - net	`OtherNonoperatingIncomeExpense`	$197.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$46.13M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$118.36M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$155.08M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$36.91M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$41.75M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.62M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.05M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$40.48M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$77.88M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$113.33M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$24.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.08M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.67	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.88	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.43	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.88	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.42	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.67	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.60M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.56M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.57M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.59M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.92M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.76M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.92M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.76M	shares	3 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$77.88M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$113.33M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$24.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.08M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.60M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.27M	USD	3 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-189.00K	USD	3 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-5.81M	USD	3 Qtrs
Gain on sale of property, net	`GainLossOnDispositionOfAssets1`	$9.00K	USD	3 Qtrs
Gain on sale of property, net	`GainLossOnDispositionOfAssets1`	$5.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$146.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$119.00K	USD	3 Qtrs
Stock-based tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	3 Qtrs
Stock-based tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$153.00K	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$7.66M	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$4.62M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$7.48M	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`	$1.84M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$282.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$399.00K	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$3.59M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$2.39M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$81.57M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$106.76M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.69M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.83M	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`	$58.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.63M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.82M	USD	3 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$69.85M	USD	3 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$69.88M	USD	3 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$399.00K	USD	3 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$186.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-69.48M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-69.66M	USD	3 Qtrs
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$18.65M	USD	3 Qtrs
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$89.00K	USD	3 Qtrs
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 - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$155.02M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$136.37M	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
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$155.02M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$136.37M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$76.00K	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$165.00K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$40.39M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$48.85M	USD	3 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$293.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$216.45M	USD	Point-in-time
Balance	`StockholdersEquity`	$245.62M	USD	Point-in-time
Balance	`StockholdersEquity`	$293.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$216.45M	USD	Point-in-time
Balance	`StockholdersEquity`	$245.62M	USD	Point-in-time
Net income	`NetIncomeLoss`	$77.88M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$113.33M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$24.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.08M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.77M	USD	3 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$520.00K	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$3.92M	USD	3 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.30M	USD	1 Quarter

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$77.88M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$113.33M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$24.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.08M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.77M	USD	3 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$520.00K	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$3.92M	USD	3 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.30M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$24.80M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$117.25M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$79.66M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$42.38M	USD	1 Quarter

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