10-Q Filing

BRIDGFORD FOODS CORP CIK: 14177 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-009586`
Period End Date	20170630
Filing Date	20170818
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	brid-20170707.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 36 Cash Flow Statement 54

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$21.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$17.00K	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$2.27M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$2.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.29M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$298.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$308.00K	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$62.33M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$62.60M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $21 and $17, respectively, and promotional allowances of $2,436 and $2,271, respectively	`AccountsReceivableNetCurrent`	$18.82M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $21 and $17, respectively, and promotional allowances of $2,436 and $2,271, respectively	`AccountsReceivableNetCurrent`	$16.58M	USD	Point-in-time
Inventories, less inventory reserves of $298 and $308, respectively (Note 2)	`InventoryNet`	$20.13M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventories, less inventory reserves of $298 and $308, respectively (Note 2)	`InventoryNet`	$24.08M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$924.00K	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 issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$48.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$50.53M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $62,605 and $62,330, respectively	`PropertyPlantAndEquipmentNet`	$10.36M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $62,605 and $62,330, respectively	`PropertyPlantAndEquipmentNet`	$17.96M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	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
Other non-current assets	`OtherAssetsNoncurrent`	$14.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$14.53M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$14.53M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Total assets	`Assets`	$87.25M	USD	Point-in-time
Total assets	`Assets`	$97.52M	USD	Point-in-time
Total assets	`Assets`	$84.13M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.08M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.08M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.08M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.08M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.08M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$5.12M	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`	$4.87M	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`	$14.57M	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`	$38.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$48.34M	USD	Point-in-time
Total liabilities	`Liabilities`	$52.76M	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`	$48.07M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$53.92M	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`	$44.76M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$38.91M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$87.25M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$97.52M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$36.61M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$29.89M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$110.79M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$97.19M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$22.59M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$59.01M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$17.72M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$68.90M	USD	3 Qtrs
Gross margin	`GrossProfit`	$41.89M	USD	3 Qtrs
Gross margin	`GrossProfit`	$12.17M	USD	1 Quarter
Gross margin	`GrossProfit`	$38.18M	USD	3 Qtrs
Gross margin	`GrossProfit`	$14.02M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$30.30M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.92M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$33.31M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.86M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.88M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.58M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.10M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.31M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.04M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$489.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$2.73M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.70M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.19M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.85M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Net income per share Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.64	USD	3 Qtrs
Net income per share Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.57	USD	3 Qtrs
Net income per share Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.20	USD	1 Quarter
Net income per share Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.22	USD	1 Quarter
Weighted average common shares Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.08M	shares	1 Quarter
Weighted average common shares Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.08M	shares	1 Quarter
Weighted average common shares Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.08M	shares	3 Qtrs
Weighted average common shares Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.08M	shares	3 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.19M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.85M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Depreciation	`Depreciation`	$2.13M	USD	3 Qtrs
Depreciation	`Depreciation`	$2.04M	USD	3 Qtrs
Provision for losses on (recovery on) accounts receivable	`ProvisionForDoubtfulAccounts`	$26.00K	USD	3 Qtrs
Provision for losses on (recovery on) accounts receivable	`ProvisionForDoubtfulAccounts`	$-128.00K	USD	3 Qtrs
(Reduction in) provision for promotional allowances	`ReductionForPromotionalAllowances`	$-166.00K	USD	3 Qtrs
(Reduction in) provision for promotional allowances	`ReductionForPromotionalAllowances`	$367.00K	USD	3 Qtrs
(Gain) loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.00K	USD	3 Qtrs
(Gain) loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$52.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-112.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.10M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.60M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-3.95M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$726.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$-13.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$727.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$50.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$377.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$232.00K	USD	3 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$168.00K	USD	3 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.99M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.32M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	3 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$2.12M	USD	3 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$2.15M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.05M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.44M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$52.00K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$15.00K	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.49M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.72M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.67M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.47M	USD	3 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$40.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$91.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$97.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-91.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-137.00K	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.67M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.44M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.29M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.66M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	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`	$12.29M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.66M	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`	$5.84M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$1.59M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$2.58M	USD	3 Qtrs

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