10-Q Filing

ESCALADE INC CIK: 33488 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001437749-21-008964`
Period End Date	20210331
Filing Date	20210415
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	esca20210320_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 103 Income Statement 26 Cash Flow Statement 40 Stockholders Equity 18

Balance Sheet 103 line items

Line Item	Tag	Value	Unit	Period
Receivables, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$896.00K	USD	Point-in-time
Receivables, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$954.00K	USD	Point-in-time
Receivables, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$565.00K	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.50M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.88M	USD	Point-in-time
Preferred stock, shares authorized (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.88M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.17M	USD	Point-in-time
Preferred stock, shares authorized (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00M	USD	Point-in-time
Preferred stock, shares authorized (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00M	USD	Point-in-time
Preferred stock, par value (in shares)	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Preferred stock, par value (in shares)	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Receivables, less allowance of $954; $896; and $565; respectively	`AccountsReceivableNetCurrent`	$54.48M	USD	Point-in-time
Receivables, less allowance of $954; $896; and $565; respectively	`AccountsReceivableNetCurrent`	$65.28M	USD	Point-in-time
Receivables, less allowance of $954; $896; and $565; respectively	`AccountsReceivableNetCurrent`	$32.59M	USD	Point-in-time
Preferred stock, par value (in shares)	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$72.49M	USD	Point-in-time
Inventories	`InventoryNet`	$42.23M	USD	Point-in-time
Inventories	`InventoryNet`	$91.42M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.65M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.07M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.04M	USD	Point-in-time
Prepaid income tax	`PrepaidIncomeTax`	$57.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	13.92M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	14.10M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$155.82M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$83.64M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	13.92M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$145.40M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$18.96M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$14.87M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$18.23M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.92M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.92M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	14.10M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.58M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.61M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.15M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$22.22M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$18.51M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$22.64M	USD	Point-in-time
Goodwill	`Goodwill`	$32.70M	USD	Point-in-time
Goodwill	`Goodwill`	$32.70M	USD	Point-in-time
Goodwill	`Goodwill`	$26.75M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$69.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$127.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$117.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$231.96M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$220.71M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$145.42M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$20.95M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$22.71M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$6.39M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$24.27M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$8.03M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$12.19M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$315.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.46M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$854.00K	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$730.00K	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.31M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$46.07M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$37.67M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$15.46M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$46.91M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$30.07M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$4.19M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$4.19M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$3.54M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$763.00K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$844.00K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$867.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$448.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$387.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$448.00K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$81.55M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$20.25M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$90.06M	USD	Point-in-time
Preferred stock: Authorized 1,000,000 shares; no par value, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: Authorized 1,000,000 shares; no par value, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: Authorized 1,000,000 shares; no par value, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock: Authorized 30,000,000 shares; no par value, issued and outstanding 13,924,754; 13,919,380; and 14,096,874; shares respectively	`CommonStockValue`	$13.93M	USD	Point-in-time
Common stock: Authorized 30,000,000 shares; no par value, issued and outstanding 13,924,754; 13,919,380; and 14,096,874; shares respectively	`CommonStockValue`	$13.92M	USD	Point-in-time
Common stock: Authorized 30,000,000 shares; no par value, issued and outstanding 13,924,754; 13,919,380; and 14,096,874; shares respectively	`CommonStockValue`	$14.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$127.97M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$125.24M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$111.07M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$125.17M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$139.16M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$126.17M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$141.90M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$231.96M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$145.42M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$220.71M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$59.19M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$37.29M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$27.07M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$41.76M	USD	1 Quarter
Selling, administrative and general expenses	`SellingGeneralAndAdministrativeExpense`	$7.46M	USD	1 Quarter
Selling, administrative and general expenses	`SellingGeneralAndAdministrativeExpense`	$9.88M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$429.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$334.00K	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$7.13M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$2.42M	USD	1 Quarter
Interest expense	`InterestExpense`	$44.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$234.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$35.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$46.00K	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.93M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.43M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$1.49M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$475.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.95M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$5.44M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.14	USD	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.44M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$928.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.13M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$77.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$55.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$111.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$136.00K	USD	1 Quarter
Loss (gain) on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$26.00K	USD	1 Quarter
Adjustments necessary to reconcile net income to net cash provided by operating activities	`CashFlowAdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-16.96M	USD	1 Quarter
Adjustments necessary to reconcile net income to net cash provided by operating activities	`CashFlowAdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$767.00K	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.86M	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.24M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$351.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.45M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$42.00K	USD	1 Quarter
Payment on note payable related to an acquisition	`PaymentsToAcquireBusinessTwoNetOfCashAcquired`	$135.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-486.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.41M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$49.07M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$679.00K	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$32.24M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$679.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$144.00K	USD	1 Quarter
Purchase of stock	`PaymentsForRepurchaseOfCommonStock`	$1.00M	USD	1 Quarter
Purchase of stock	`PaymentsForRepurchaseOfCommonStock`	$1.33M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$1.76M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$1.95M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.03M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.09M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$2.37M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$285.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.88M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.88M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.17M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.88M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.88M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.17M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$125.17M	USD	Point-in-time
Balances	`StockholdersEquity`	$139.16M	USD	Point-in-time
Balances	`StockholdersEquity`	$126.17M	USD	Point-in-time
Balances	`StockholdersEquity`	$141.90M	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.44M	USD	1 Quarter
Expense of stock options and restricted stock units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$136.00K	USD	1 Quarter
Expense of stock options and restricted stock units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$111.00K	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$1.95M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$1.76M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$1.90M	USD	Point-in-time
Purchase of stock	`StockRepurchasedDuringPeriodValue`	$1.33M	USD	1 Quarter
Purchase of stock	`StockRepurchasedDuringPeriodValue`	$1.00M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$144.00K	USD	1 Quarter
Balances	`StockholdersEquity`	$125.17M	USD	Point-in-time
Balances	`StockholdersEquity`	$139.16M	USD	Point-in-time
Balances	`StockholdersEquity`	$126.17M	USD	Point-in-time
Balances	`StockholdersEquity`	$141.90M	USD	Point-in-time

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