10-Q Filing

BRIDGFORD FOODS CORP CIK: 14177 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-002109`
Period End Date	20170131
Filing Date	20170303
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	brid-20170120.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 18 Cash Flow Statement 52

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$17.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$19.00K	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$2.27M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$2.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$279.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.50M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$308.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $19 and $17, respectively, and promotional allowances of $2,524 and $2,271, respectively	`AccountsReceivableNetCurrent`	$16.58M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $19 and $17, respectively, and promotional allowances of $2,524 and $2,271, respectively	`AccountsReceivableNetCurrent`	$16.87M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$62.87M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$62.33M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventories, less inventory reserves of $279 and $308, respectively (Note 2)	`InventoryNet`	$19.17M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventories, less inventory reserves of $279 and $308, respectively (Note 2)	`InventoryNet`	$24.08M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.52M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$937.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$48.59M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$50.06M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $62,868 and $62,330 respectively	`PropertyPlantAndEquipmentNet`	$10.72M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $62,868 and $62,330 respectively	`PropertyPlantAndEquipmentNet`	$10.36M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$14.05M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.78M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$14.53M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$14.53M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Total assets	`Assets`	$89.36M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	9.08M	shares	Point-in-time
Total assets	`Assets`	$76.77M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	9.08M	shares	Point-in-time
Total assets	`Assets`	$87.25M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	9.08M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	9.08M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.97M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$4.44M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$4.09M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$3.92M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$4.44M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$130.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$130.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.22M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$36.12M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$35.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$48.34M	USD	Point-in-time
Total liabilities	`Liabilities`	$47.98M	USD	Point-in-time
Preferred stock, without par value; authorized - 1,000 shares; issued and outstanding - none	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, without par value; authorized - 1,000 shares; issued and outstanding - none	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $1.00 par value; authorized - 20,000 shares; issued and outstanding -9,076 and 9,076 shares, respectively	`CommonStockValue`	$9.13M	USD	Point-in-time
Common stock, $1.00 par value; authorized - 20,000 shares; issued and outstanding -9,076 and 9,076 shares, respectively	`CommonStockValue`	$9.13M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.30M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$50.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$48.07M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-26.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-26.60M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$41.38M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$38.91M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$89.36M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$87.25M	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$40.08M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$36.16M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$25.17M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$22.38M	USD	1 Quarter
Gross margin	`GrossProfit`	$14.91M	USD	1 Quarter
Gross margin	`GrossProfit`	$13.78M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.68M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$11.46M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.10M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.45M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.23M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$976.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.47M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.87M	USD	1 Quarter
Net income per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.21	USD	1 Quarter
Net income per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.27	USD	1 Quarter
Weighted average common shares - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9,079.00	shares	1 Quarter
Weighted average common shares - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9,077.00	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.47M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.87M	USD	1 Quarter
Depreciation	`Depreciation`	$700.00K	USD	1 Quarter
Depreciation	`Depreciation`	$687.00K	USD	1 Quarter
Provision for losses on (recovery on) accounts receivable	`ProvisionForDoubtfulAccounts`	$-82.00K	USD	1 Quarter
Provision for losses on (recovery on) accounts receivable	`ProvisionForDoubtfulAccounts`	$1.00K	USD	1 Quarter
(Reduction in) provision for promotional allowances	`ProvisionForPromotionalAllowances`	$643.00K	USD	1 Quarter
(Reduction in) provision for promotional allowances	`ProvisionForPromotionalAllowances`	$-254.00K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.00K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.38M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$33.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-3.65M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-4.91M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$588.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$698.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$279.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-322.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-117.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.13M	USD	1 Quarter
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$877.00K	USD	1 Quarter
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-949.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.34M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$393.00K	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.09M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.58M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.44M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.04M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$578.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.04M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-577.00K	USD	1 Quarter
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$25.00K	USD	1 Quarter
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$36.00K	USD	1 Quarter
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$33.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-33.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-61.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.80M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.51M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.50M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.64M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.64M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$1.29M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$153.00K	USD	1 Quarter

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