10-Q Filing

ESCALADE INC CIK: 33488 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001437749-23-013129`
Period End Date	20230331
Filing Date	20230509
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	esca20230325_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 110 Income Statement 26 Cash Flow Statement 40 Stockholders Equity 18

Balance Sheet 110 line items

Line Item	Tag	Value	Unit	Period
Receivables, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$492.00K	USD	Point-in-time
Receivables, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$566.00K	USD	Point-in-time
Receivables, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$490.00K	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.97M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.39M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.06M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.37M	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
Receivables, less allowance of $490; $492; and $566; respectively	`AccountsReceivableNetCurrent`	$67.30M	USD	Point-in-time
Receivables, less allowance of $490; $492; and $566; respectively	`AccountsReceivableNetCurrent`	$50.47M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Receivables, less allowance of $490; $492; and $566; respectively	`AccountsReceivableNetCurrent`	$57.42M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Inventories	`InventoryNet`	$121.87M	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`	$122.45M	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
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
Prepaid expenses	`PrepaidExpenseCurrent`	$4.94M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.88M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Prepaid income tax	`PrepaidIncomeTax`	-	USD	Point-in-time
Prepaid income tax	`PrepaidIncomeTax`	$175.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Prepaid income tax	`PrepaidIncomeTax`	-	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
TOTAL CURRENT ASSETS	`AssetsCurrent`	$184.04M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$201.01M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	13.59M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	13.73M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	13.59M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$188.20M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.59M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.59M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$28.81M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$24.75M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$24.68M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.73M	shares	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroup`	$2.82M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroup`	-	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroup`	$2.82M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$8.84M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$9.10M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.90M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$31.12M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$30.50M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$36.21M	USD	Point-in-time
Goodwill	`Goodwill`	$42.33M	USD	Point-in-time
Goodwill	`Goodwill`	$38.84M	USD	Point-in-time
Goodwill	`Goodwill`	$42.33M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$294.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$376.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$400.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$298.72M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$307.06M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$293.59M	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
Current portion of long-term debt	`LongTermDebtCurrent`	$7.14M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$17.23M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$27.38M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$9.41M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$21.32M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$10.50M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$19.88M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.09M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$71.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$993.00K	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$604.00K	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$991.00K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$56.09M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$38.94M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$35.87M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$88.08M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$92.85M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$87.74M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$4.52M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$4.52M	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`	$8.40M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$8.64M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$448.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$407.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$407.00K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$140.24M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$155.44M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$137.27M	USD	Point-in-time
Authorized 30,000,000 shares; no par value, issued and outstanding 13,729,859; 13,594,407; and 13,585,096; shares respectively	`CommonStockValue`	$13.59M	USD	Point-in-time
Authorized 30,000,000 shares; no par value, issued and outstanding 13,729,859; 13,594,407; and 13,585,096; shares respectively	`CommonStockValue`	$13.73M	USD	Point-in-time
Authorized 30,000,000 shares; no par value, issued and outstanding 13,729,859; 13,594,407; and 13,585,096; shares respectively	`CommonStockValue`	$13.59M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$142.59M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$144.88M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$138.03M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$151.62M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$156.32M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$158.47M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$146.62M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$307.06M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$293.59M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$298.72M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$72.38M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$56.93M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$45.88M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$52.26M	USD	1 Quarter
Selling, administrative and general expenses	`SellingGeneralAndAdministrativeExpense`	$10.28M	USD	1 Quarter
Selling, administrative and general expenses	`SellingGeneralAndAdministrativeExpense`	$10.53M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$620.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$570.00K	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$149.00K	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$9.02M	USD	1 Quarter
Interest expense	`InterestExpense`	$560.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.38M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$18.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$43.00K	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.51M	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.21M	USD	1 Quarter
Provision (Benefit) for Income Taxes	`IncomeTaxExpenseBenefit`	$-256.00K	USD	1 Quarter
Provision (Benefit) for Income Taxes	`IncomeTaxExpenseBenefit`	$1.85M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-952.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$6.65M	USD	1 Quarter
Basic earnings (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter
Basic earnings (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$0.49	USD	1 Quarter
Diluted earnings (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter
Diluted earnings (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$-0.07	USD	1 Quarter
Dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-952.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.65M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.47M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$99.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$388.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$459.00K	USD	1 Quarter
Common stock issued in lieu of bonus to officers	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Common stock issued in lieu of bonus to officers	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$395.00K	USD	1 Quarter
Adjustments necessary to reconcile net income to net cash provided by operating activities	`CashFlowAdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$3.22M	USD	1 Quarter
Adjustments necessary to reconcile net income to net cash provided by operating activities	`CashFlowAdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-11.49M	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.52M	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.87M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$730.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$704.00K	USD	1 Quarter
Acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$34.62M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-35.35M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-704.00K	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$72.83M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$35.23M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$34.89M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$30.38M	USD	1 Quarter
Deferred financing fees	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Deferred financing fees	`PaymentsOfFinancingCosts`	$180.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$2.04M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$2.06M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.72M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.24M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$2.02M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$2.10M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.97M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.39M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.06M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.37M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.97M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.39M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.06M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.37M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$151.62M	USD	Point-in-time
Balances	`StockholdersEquity`	$156.32M	USD	Point-in-time
Balances	`StockholdersEquity`	$158.47M	USD	Point-in-time
Balances	`StockholdersEquity`	$146.62M	USD	Point-in-time
Net income	`NetIncomeLoss`	$-952.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.65M	USD	1 Quarter
Expense of restricted stock units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$459.00K	USD	1 Quarter
Expense of restricted stock units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$388.00K	USD	1 Quarter
Settlement of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Settlement of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$2.06M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$2.10M	USD	Point-in-time
Dividends declared	`DividendsCommonStockCash`	$2.04M	USD	1 Quarter
Issuance of common stock for service	`StockIssuedDuringPeriodValueIssuedForServices`	$395.00K	USD	1 Quarter
Balances	`StockholdersEquity`	$151.62M	USD	Point-in-time
Balances	`StockholdersEquity`	$156.32M	USD	Point-in-time
Balances	`StockholdersEquity`	$158.47M	USD	Point-in-time
Balances	`StockholdersEquity`	$146.62M	USD	Point-in-time

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