10-Q Filing

ESCALADE INC CIK: 33488 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001437749-22-008922`
Period End Date	20220331
Filing Date	20220414
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	esca20220402_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 103 Income Statement 26 Cash Flow Statement 40 Stockholders Equity 19

Balance Sheet 103 line items

Line Item	Tag	Value	Unit	Period
Receivables, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$954.00K	USD	Point-in-time
Receivables, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$566.00K	USD	Point-in-time
Receivables, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$457.00K	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 cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.50M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.37M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.88M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.39M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Receivables, less allowance of $566; $457; and $954; respectively	`AccountsReceivableNetCurrent`	$65.99M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Receivables, less allowance of $566; $457; and $954; respectively	`AccountsReceivableNetCurrent`	$67.30M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Receivables, less allowance of $566; $457; and $954; respectively	`AccountsReceivableNetCurrent`	$54.48M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventories	`InventoryNet`	$92.38M	USD	Point-in-time
Inventories	`InventoryNet`	$114.61M	USD	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`	$91.42M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.04M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$12.72M	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`	$7.57M	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
Prepaid income tax	`PrepaidIncomeTax`	$739.00K	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
TOTAL CURRENT ASSETS	`AssetsCurrent`	$201.01M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	13.49M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	13.59M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$155.82M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$171.06M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.92M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$18.96M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.49M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$28.81M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.59M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$24.94M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.90M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.15M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.21M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$20.78M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$22.22M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$36.21M	USD	Point-in-time
Goodwill	`Goodwill`	$38.84M	USD	Point-in-time
Goodwill	`Goodwill`	$32.70M	USD	Point-in-time
Goodwill	`Goodwill`	$32.70M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$124.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$294.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$117.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$307.06M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$231.96M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$251.80M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$7.14M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$7.14M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$22.71M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$15.85M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$27.38M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$12.19M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$19.88M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$24.39M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.46M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.09M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$818.00K	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.31M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$604.00K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$48.19M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$56.09M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$37.67M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$50.40M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$92.85M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$46.91M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$4.19M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$4.76M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$4.76M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$1.30M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$844.00K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$1.39M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$448.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$448.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$448.00K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$105.18M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$155.44M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$90.06M	USD	Point-in-time
Common stock: Authorized 30,000,000 shares; no par value, issued and outstanding 13,585,096; 13,493,332; and 13,924,754; shares respectively	`CommonStockValueOutstanding`	$13.93M	USD	Point-in-time
Common stock: Authorized 30,000,000 shares; no par value, issued and outstanding 13,585,096; 13,493,332; and 13,924,754; shares respectively	`CommonStockValueOutstanding`	$13.49M	USD	Point-in-time
Common stock: Authorized 30,000,000 shares; no par value, issued and outstanding 13,585,096; 13,493,332; and 13,924,754; shares respectively	`CommonStockValueOutstanding`	$13.59M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$138.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$133.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$127.97M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$146.62M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$139.16M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$151.62M	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`	$307.06M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$251.80M	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`	$72.38M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$52.26M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$41.76M	USD	1 Quarter
Selling, administrative and general expenses	`SellingGeneralAndAdministrativeExpense`	$9.88M	USD	1 Quarter
Selling, administrative and general expenses	`SellingGeneralAndAdministrativeExpense`	$10.53M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$429.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$570.00K	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$7.13M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$9.02M	USD	1 Quarter
Interest expense	`InterestExpense`	$560.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$234.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$43.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$35.00K	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.51M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.93M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$1.85M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$1.49M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$5.44M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$6.65M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.49	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter
Dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.15	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`	$5.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.65M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.47M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.13M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$99.00K	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`	$388.00K	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`	$-11.49M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.87M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.24M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$730.00K	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
Acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$34.62M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.41M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-35.35M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$72.83M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$49.07M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$30.38M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$32.24M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$144.00K	USD	1 Quarter
Purchase of stock	`PaymentsForRepurchaseOfCommonStock`	$1.00M	USD	1 Quarter
Deferred financing fees	`PaymentsOfFinancingCosts`	$180.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$1.95M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$2.04M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.03M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.24M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$2.37M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$2.02M	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`	$4.37M	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`	$6.39M	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`	$4.37M	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`	$6.39M	USD	Point-in-time

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$146.62M	USD	Point-in-time
Balances	`StockholdersEquity`	$139.16M	USD	Point-in-time
Balances	`StockholdersEquity`	$151.62M	USD	Point-in-time
Balances	`StockholdersEquity`	$141.90M	USD	Point-in-time
Net income	`NetIncomeLoss`	$5.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.65M	USD	1 Quarter
Expense of stock options and restricted stock units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$111.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$144.00K	USD	1 Quarter
Settlement of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Settlement of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$1.95M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$2.00M	USD	Point-in-time
Dividends declared	`DividendsCommonStockCash`	$2.04M	USD	1 Quarter
Purchase of stock	`StockRepurchasedDuringPeriodValue`	$1.00M	USD	1 Quarter
Expense of restricted stock units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$388.00K	USD	1 Quarter
Balances	`StockholdersEquity`	$146.62M	USD	Point-in-time
Balances	`StockholdersEquity`	$139.16M	USD	Point-in-time
Balances	`StockholdersEquity`	$151.62M	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.