10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001437749-20-025115`
Period End Date	20201031
Filing Date	20201210
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	fizz20201031b_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 52 Cash Flow Statement 54 Stockholders Equity 15 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
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$304.52M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$405.44M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	150,000.00	shares	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$82.86M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$84.92M	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`	$63.48M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$68.82M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.16M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.79M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.80M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$565.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$460.71M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.83M	shares	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$123.48M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$120.63M	USD	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$47.88M	USD	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$42.96M	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`	$4.66M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.56M	USD	Point-in-time
Total assets	`Assets`	$751.04M	USD	Point-in-time
Total assets	`Assets`	$648.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$74.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$80.54M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$42.48M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$43.53M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$15.80M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$16.98M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$7.86M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$119.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$139.99M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$141.69M	USD	Point-in-time
Deferred income taxes net	`DeferredIncomeTaxLiabilitiesNet`	$14.82M	USD	Point-in-time
Deferred income taxes net	`DeferredIncomeTaxLiabilitiesNet`	$16.95M	USD	Point-in-time
Operating lease liabilities non current	`OperatingLeaseLiabilityNoncurrent`	$28.71M	USD	Point-in-time
Operating lease liabilities non current	`OperatingLeaseLiabilityNoncurrent`	$32.16M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.32M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$196.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$192.97M	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; 50,832,184 shares issued (50,803,184 at May 2, 2020)	`CommonStockValue`	$508.00K	USD	Point-in-time
Common stock, $.01 par value - 200,000,000 shares authorized; 50,832,184 shares issued (50,803,184 at May 2, 2020)	`CommonStockValue`	$508.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$38.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$37.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$541.73M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$443.40M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.47M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.42M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$399.51M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$452.34M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$558.08M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$751.04M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$648.65M	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`	$565.18M	USD	2 Qtrs
Net sales	`Revenues`	$251.61M	USD	1 Quarter
Net sales	`Revenues`	$271.81M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$339.91M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$325.79M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$158.80M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$163.76M	USD	1 Quarter
Gross profit	`GrossProfit`	$225.27M	USD	2 Qtrs
Gross profit	`GrossProfit`	$108.05M	USD	1 Quarter
Gross profit	`GrossProfit`	$92.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$189.39M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$103.17M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$97.01M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.17M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$46.46M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$128.26M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$86.22M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$61.59M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$41.64M	USD	1 Quarter
Other income - net	`OtherNonoperatingIncomeExpense`	$339.00K	USD	2 Qtrs
Other income - net	`OtherNonoperatingIncomeExpense`	$1.75M	USD	2 Qtrs
Other income - net	`OtherNonoperatingIncomeExpense`	$1.02M	USD	1 Quarter
Other income - net	`OtherNonoperatingIncomeExpense`	$63.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$128.60M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$87.97M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$61.65M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$42.67M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.01M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$30.27M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.49M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.78M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$32.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$98.33M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$67.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$47.16M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.44	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.11	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.01	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$70.00	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.43	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.01	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.10	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$70.00	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46,638.00	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46,631.00	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46,653.00	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46,650.00	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46,879.00	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46,816.00	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46,877.00	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46,877.00	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$32.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$98.33M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$67.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$47.16M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.23M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.98M	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxesAndTaxCredits`	$292.00K	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxesAndTaxCredits`	-	USD	2 Qtrs
Gain on disposal of property, plant and equipment, net	`GainLossOnDispositionOfAssets1`	-	USD	2 Qtrs
Gain on disposal of property, plant and equipment, net	`GainLossOnDispositionOfAssets1`	$5.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$119.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$126.00K	USD	2 Qtrs
Amortization of operating right of use assets	`OperatingLeaseRightofuseAssetAmortization`	$6.55M	USD	2 Qtrs
Amortization of operating right of use assets	`OperatingLeaseRightofuseAssetAmortization`	$6.64M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-2.06M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-12.22M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.93M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$5.33M	USD	2 Qtrs
Operating lease right of use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAsset`	$4.32M	USD	2 Qtrs
Operating lease right of use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAsset`	$1.15M	USD	2 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.11M	USD	2 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-94.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.17M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.37M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-5.69M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-93.00K	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-31.00K	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-2.02M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$87.15M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$110.88M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.64M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.37M	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`	$15.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.63M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.35M	USD	2 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$147.00K	USD	2 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$403.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$403.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$147.00K	USD	2 Qtrs
Net Increase in Cash and Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$100.93M	USD	2 Qtrs
Net Increase in Cash and Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$77.67M	USD	2 Qtrs
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$405.44M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$304.52M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$233.87M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$156.20M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$405.44M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$304.52M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$233.87M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$156.20M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$38.00K	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$90.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$38.01M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$22.68M	USD	2 Qtrs

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$399.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$452.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$558.08M	USD	Point-in-time
Stock options exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	29,000.00	shares	2 Qtrs
Net income	`NetIncomeLoss`	$32.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$98.33M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$67.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$47.16M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$6.89M	USD	2 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$419.00K	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.63M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$435.00K	USD	2 Qtrs
Balance	`StockholdersEquity`	$399.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$452.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$558.08M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$32.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$98.33M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$67.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$47.16M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$6.89M	USD	2 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$419.00K	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.63M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$435.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$105.22M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$33.07M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$67.63M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$48.79M	USD	1 Quarter

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