10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001437749-19-023935`
Period End Date	20191031
Filing Date	20191205
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	fizz20191026_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 52 Cash Flow Statement 48 Stockholders Equity 14 Comprehensive Income 12

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$250.06M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$233.87M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$189.86M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$156.20M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$72.62M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	150,000.00	shares	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$84.84M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	150,000.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$67.78M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$70.70M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.29M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.71M	USD	Point-in-time
Common stock, shares issues (in shares)	`CommonStockSharesIssued`	50.70M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$321.46M	USD	Point-in-time
Common stock, shares issues (in shares)	`CommonStockSharesIssued`	50.68M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$384.55M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$111.32M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$113.35M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$49.58M	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`	$4.57M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.66M	USD	Point-in-time
Total assets	`Assets`	$452.19M	USD	Point-in-time
Total assets	`Assets`	$566.82M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$60.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$66.20M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$14.27M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$32.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$30.43M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$649.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$402.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$97.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$108.15M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$15.99M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$16.42M	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$35.28M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.56M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.46M	USD	Point-in-time
Preferred stock, $1 par value - 1,000,000 shares authorized: Series C - 150,000 shares issued	`PreferredStockValue`	$150.00K	USD	Point-in-time
Preferred stock, $1 par value - 1,000,000 shares authorized: Series C - 150,000 shares issued	`PreferredStockValue`	$150.00K	USD	Point-in-time
Common stock, $.01 par value - 200,000,000 shares authorized; 50,701,984 shares issued (50,678,084 shares at April 27)	`CommonStockValue`	$507.00K	USD	Point-in-time
Common stock, $.01 par value - 200,000,000 shares authorized; 50,701,984 shares issued (50,678,084 shares at April 27)	`CommonStockValue`	$507.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$37.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$37.06M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$380.63M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$313.43M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.11M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.54M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$399.51M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$417.03M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$331.61M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$452.19M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$566.82M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$515.18M	USD	2 Qtrs
Net sales	`Revenues`	$553.30M	USD	2 Qtrs
Net sales	`Revenues`	$260.71M	USD	1 Quarter
Net sales	`Revenues`	$251.61M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$334.08M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$158.80M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$325.79M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$157.19M	USD	1 Quarter
Gross profit	`GrossProfit`	$219.22M	USD	2 Qtrs
Gross profit	`GrossProfit`	$92.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$103.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$189.39M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$104.06M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.17M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$103.17M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.37M	USD	1 Quarter
Interest expense	`InterestExpense`	$50.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$51.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$101.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$101.00K	USD	2 Qtrs
Other income - net	`OtherNonoperatingIncomeExpense`	$1.19M	USD	1 Quarter
Other income - net	`OtherNonoperatingIncomeExpense`	$2.04M	USD	2 Qtrs
Other income - net	`OtherNonoperatingIncomeExpense`	$1.85M	USD	2 Qtrs
Other income - net	`OtherNonoperatingIncomeExpense`	$1.07M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$42.67M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$87.97M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$117.10M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$53.29M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.01M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.22M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.78M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$27.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$32.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$89.91M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$41.08M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.44	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.93	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$88.00	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$70.00	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.92	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$70.00	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.43	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$88.00	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.65M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.65M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.63M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.62M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.88M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.93M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.92M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.88M	shares	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$32.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$89.91M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$41.08M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.36M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.95M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$2.82M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$292.00K	USD	2 Qtrs
(Loss) gain on sale of property, net	`GainLossOnDispositionOfAssets1`	$5.00K	USD	2 Qtrs
(Loss) gain on sale of property, net	`GainLossOnDispositionOfAssets1`	$-3.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$117.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$126.00K	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-50.00K	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-12.22M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.93M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$19.91M	USD	2 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.11M	USD	2 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.09M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.37M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$741.00K	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-287.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$76.17M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$87.15M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.30M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.64M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.00K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.30M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.63M	USD	2 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$325.00K	USD	2 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$147.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$325.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$147.00K	USD	2 Qtrs
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$77.67M	USD	2 Qtrs
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$60.20M	USD	2 Qtrs
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$250.06M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$233.87M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$189.86M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$156.20M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$250.06M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$233.87M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$189.86M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$156.20M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$38.00K	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$38.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$23.84M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$22.68M	USD	2 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$399.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$417.03M	USD	Point-in-time
Balance	`StockholdersEquity`	$331.61M	USD	Point-in-time
Balance	`StockholdersEquity`	$399.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$417.03M	USD	Point-in-time
Balance	`StockholdersEquity`	$331.61M	USD	Point-in-time
Net income	`NetIncomeLoss`	$32.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$89.91M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$41.08M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-4.76M	USD	2 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$435.00K	USD	2 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$419.00K	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-2.71M	USD	1 Quarter

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$32.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$89.91M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$41.08M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-4.76M	USD	2 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$435.00K	USD	2 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$419.00K	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-2.71M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$33.07M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$85.15M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$67.63M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$38.36M	USD	1 Quarter

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