10-K Filing

BRIDGFORD FOODS CORP CIK: 14177 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001493152-18-000507`
Period End Date	20171031
Filing Date	20180112
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	brid-20171103.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 18 Cash Flow Statement 62 Stockholders Equity 11 Comprehensive Income 18

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$30.00K	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`	$2.54M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$358.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$308.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$63.72M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$62.33M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $30 and $17, respectively and promotional allowances of $2,537 and $2,271, respectively	`AccountsReceivableNetCurrent`	$19.15M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $30 and $17, respectively and promotional allowances of $2,537 and $2,271, respectively	`AccountsReceivableNetCurrent`	$16.58M	USD	Point-in-time
Inventories, less reserves of $358, and $308, respectively	`InventoryNet`	$23.02M	USD	Point-in-time
Inventories, less reserves of $358, and $308, respectively	`InventoryNet`	$24.08M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.55M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$937.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	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`	$55.82M	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 $63,722 and $62,330, respectively	`PropertyPlantAndEquipmentNet`	$18.57M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $63,722 and $62,330, respectively	`PropertyPlantAndEquipmentNet`	$10.36M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.78M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.11M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$10.04M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$14.53M	USD	Point-in-time
Total assets	`Assets`	$97.55M	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
Total assets	`Assets`	$87.25M	USD	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`	$5.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.08M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$4.09M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$4.55M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$130.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$216.00K	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$6.11M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$3.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.24M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$25.26M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$36.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$48.34M	USD	Point-in-time
Total liabilities	`Liabilities`	$41.51M	USD	Point-in-time
Contingencies and commitments (Notes 3, 5 and 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies and commitments (Notes 3, 5 and 6)	`CommitmentsAndContingencies`	-	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	`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	`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`	$56.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$48.07M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-26.60M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$38.91M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$35.65M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$56.04M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$87.25M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$97.55M	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$167.22M	USD	Annual
Net sales	`SalesRevenueNet`	$140.06M	USD	Annual
Cost of products sold	`CostOfGoodsSold`	$84.85M	USD	Annual
Cost of products sold	`CostOfGoodsSold`	$105.64M	USD	Annual
Gross margin	`GrossProfit`	$61.59M	USD	Annual
Gross margin	`GrossProfit`	$55.21M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$44.38M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$48.76M	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.83M	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.84M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.00M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.07M	USD	Annual
Net income	`NetIncomeLoss`	$7.77M	USD	Annual
Net income	`NetIncomeLoss`	$8.83M	USD	Annual
Basic earnings per share	`EarningsPerShareBasic`	$0.86	USD	Annual
Basic earnings per share	`EarningsPerShareBasic`	$0.97	USD	Annual
Shares used to compute basic earnings per share	`WeightedAverageNumberOfSharesOutstandingBasic`	9.08M	shares	Annual
Shares used to compute basic earnings per share	`WeightedAverageNumberOfSharesOutstandingBasic`	9.08M	shares	Annual

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$7.77M	USD	Annual
Net income	`NetIncomeLoss`	$8.83M	USD	Annual
Depreciation	`Depreciation`	$3.37M	USD	Annual
Depreciation	`Depreciation`	$3.04M	USD	Annual
(Provision) recovery for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$-166.00K	USD	Annual
(Provision) recovery for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$26.00K	USD	Annual
Provision for promotional allowances	`ProvisionForPromotionalAllowances`	$790.00K	USD	Annual
Provision for promotional allowances	`ProvisionForPromotionalAllowances`	$-266.00K	USD	Annual
Loss (gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.00K	USD	Annual
Loss (gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$58.00K	USD	Annual
Deferred income taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$490.00K	USD	Annual
Deferred income taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$1.03M	USD	Annual
Tax valuation allowance	`ValuationAllowanceDeferredTaxAssetChangeInAmount`	$77.00K	USD	Annual
Tax valuation allowance	`ValuationAllowanceDeferredTaxAssetChangeInAmount`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.33M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.59M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$4.10M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-1.06M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$556.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$613.00K	USD	Annual
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$62.00K	USD	Annual
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$703.00K	USD	Annual
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$109.00K	USD	Annual
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.44M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.28M	USD	Annual
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.11M	USD	Annual
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$466.00K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$34.00K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$85.00K	USD	Annual
Current portion of non-current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$1.92M	USD	Annual
Current portion of non-current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$1.10M	USD	Annual
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$3.52M	USD	Annual
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$2.83M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.77M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.53M	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$58.00K	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$24.00K	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.57M	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.27M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.24M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.52M	USD	Annual
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$40.00K	USD	Annual
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$103.00K	USD	Annual
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$129.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-129.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-143.00K	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.14M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.12M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$12.11M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$12.11M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$4.27M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$4.37M	USD	Annual
Transportation equipment returned originally financed by capital lease obligation	`ReturnOfEquipmentFinancedByCapitalLease`	-	USD	Annual
Transportation equipment returned originally financed by capital lease obligation	`ReturnOfEquipmentFinancedByCapitalLease`	$656.00K	USD	1 Quarter
Transportation equipment returned originally financed by capital lease obligation	`ReturnOfEquipmentFinancedByCapitalLease`	$69.00K	USD	1 Quarter
Transportation equipment returned originally financed by capital lease obligation	`ReturnOfEquipmentFinancedByCapitalLease`	$-132.00K	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$38.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$35.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$56.04M	USD	Point-in-time
Shares repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$40.00K	USD	Annual
Net income	`NetIncomeLoss`	$7.77M	USD	Annual
Net income	`NetIncomeLoss`	$8.83M	USD	Annual
Net change in defined benefit plans and other benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-4.47M	USD	Annual
Net change in defined benefit plans and other benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$8.30M	USD	Annual
Balance	`StockholdersEquity`	$38.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$35.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$56.04M	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$7.77M	USD	Annual
Net income	`NetIncomeLoss`	$8.83M	USD	Annual
Other comprehensive income (loss) from defined benefit plans	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent`	$-7.42M	USD	Annual
Other comprehensive income (loss) from defined benefit plans	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent`	$12.83M	USD	Annual
Actuarial gain (loss)	`OtherComprehensiveIncomeOtherPostRetirementPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax`	$103.00K	USD	Annual
Actuarial gain (loss)	`OtherComprehensiveIncomeOtherPostRetirementPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax`	$-641.00K	USD	Annual
Prior service (benefit) cost	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax`	$202.00K	USD	Annual
Prior service (benefit) cost	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax`	$-190.00K	USD	Annual
Other comprehensive income from other postretirement benefit plans, net	`OtherComprehensiveIncomeOtherPostRetirementPlansAdjustmentBeforeTaxPortionAttributableToParent`	$99.00K	USD	Annual
Other comprehensive income from other postretirement benefit plans, net	`OtherComprehensiveIncomeOtherPostRetirementPlansAdjustmentBeforeTaxPortionAttributableToParent`	$451.00K	USD	Annual
Other comprehensive income (loss), before taxes	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$13.28M	USD	Annual
Other comprehensive income (loss), before taxes	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-7.32M	USD	Annual
Tax (expense) benefit on other comprehensive income/loss	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$-2.85M	USD	Annual
Tax (expense) benefit on other comprehensive income/loss	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$4.98M	USD	Annual
Change in other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeOtherNetOfTax`	$-4.47M	USD	Annual
Change in other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeOtherNetOfTax`	$8.30M	USD	Annual
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$17.13M	USD	Annual
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$3.30M	USD	Annual

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