10-Q Filing

BRIDGFORD FOODS CORP CIK: 14177 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-012560`
Period End Date	20180630
Filing Date	20180824
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	brid-20180713.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 40 Cash Flow Statement 54 Stockholders Equity 8

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$29.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$30.00K	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$2.54M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$2.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.32M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$247.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.66M	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$358.00K	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$65.98M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $29 and $30, respectively, and promotional allowances of $2,038 and $2,537, respectively	`AccountsReceivableNetCurrent`	$17.79M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $29 and $30, respectively, and promotional allowances of $2,038 and $2,537, respectively	`AccountsReceivableNetCurrent`	$19.15M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$63.72M	USD	Point-in-time
Inventories, less reserves of $247 and $358, respectively (Note 2)	`InventoryNet`	$24.69M	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Inventories, less reserves of $247 and $358, respectively (Note 2)	`InventoryNet`	$23.02M	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.55M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$112.00K	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
Total current assets	`AssetsCurrent`	$55.92M	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
Property, plant and equipment, net of accumulated depreciation and amortization of $65,984 and $63,722, respectively	`PropertyPlantAndEquipmentNet`	$18.57M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $65,984 and $63,722, respectively	`PropertyPlantAndEquipmentNet`	$25.68M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $65,984 and $63,722, respectively	`PropertyPlantAndEquipmentNet`	$5.98M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.11M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$11.90M	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
Deferred income taxes (Note 5)	`DeferredTaxAssetsNetNoncurrent`	$6.84M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Deferred income taxes (Note 5)	`DeferredTaxAssetsNetNoncurrent`	$10.04M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.08M	shares	Point-in-time
Total assets	`Assets`	$97.52M	USD	Point-in-time
Total assets	`Assets`	$100.34M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.08M	shares	Point-in-time
Total assets	`Assets`	$97.55M	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`	$6.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.37M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$4.55M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$4.83M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$216.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.03M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$6.00M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$6.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.24M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$21.27M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$25.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$39.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$41.51M	USD	Point-in-time
Contingencies and commitments (Note 3)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies and commitments (Note 3)	`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 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`	$63.89M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$56.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.82M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.30M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$56.04M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$60.49M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$97.55M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$100.34M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$110.79M	USD	3 Qtrs
Net sales	`Revenues`	$36.61M	USD	1 Quarter
Net sales	`Revenues`	$38.47M	USD	1 Quarter
Net sales	`Revenues`	$117.56M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$79.11M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$26.03M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$22.59M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$68.90M	USD	3 Qtrs
Gross margin	`GrossProfit`	$14.02M	USD	1 Quarter
Gross margin	`GrossProfit`	$12.43M	USD	1 Quarter
Gross margin	`GrossProfit`	$38.45M	USD	3 Qtrs
Gross margin	`GrossProfit`	$41.89M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.94M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$33.36M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$34.21M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.73M	USD	1 Quarter
Gain on sale of property, plant & equipment	`GainLossOnSaleOfOtherAssets`	$-6.00M	USD	3 Qtrs
Gain on sale of property, plant & equipment	`GainLossOnSaleOfOtherAssets`	$-24.00K	USD	1 Quarter
Gain on sale of property, plant & equipment	`GainLossOnSaleOfOtherAssets`	-	USD	1 Quarter
Gain on sale of property, plant & equipment	`GainLossOnSaleOfOtherAssets`	$-52.00K	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.24M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.10M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.70M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.58M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$256.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.73M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.79M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.85M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.46M	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.49	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.64	USD	3 Qtrs
Shares used to compute basic earnings per share	`WeightedAverageNumberOfSharesOutstandingBasic`	9.08M	shares	3 Qtrs
Shares used to compute basic earnings per share	`WeightedAverageNumberOfSharesOutstandingBasic`	9.08M	shares	1 Quarter
Shares used to compute basic earnings per share	`WeightedAverageNumberOfSharesOutstandingBasic`	9.08M	shares	3 Qtrs
Shares used to compute basic earnings per share	`WeightedAverageNumberOfSharesOutstandingBasic`	9.08M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.85M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.46M	USD	3 Qtrs
Depreciation	`Depreciation`	$2.13M	USD	3 Qtrs
Depreciation	`Depreciation`	$2.60M	USD	3 Qtrs
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$26.00K	USD	3 Qtrs
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$5.00K	USD	3 Qtrs
Provision for (reduction in) promotional allowances	`ProvisionForPromotionalAllowances`	$-166.00K	USD	3 Qtrs
Provision for (reduction in) promotional allowances	`ProvisionForPromotionalAllowances`	$499.00K	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$52.00K	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.00M	USD	3 Qtrs
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$3.20M	USD	3 Qtrs
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.10M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-850.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-3.95M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.68M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$-1.44M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$-13.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.21M	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$727.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.35M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$377.00K	USD	3 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$248.00K	USD	3 Qtrs
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.99M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$813.00K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	3 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-3.99M	USD	3 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$2.15M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.44M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.00M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$52.00K	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.70M	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`	$-3.70M	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$82.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$91.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-82.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-91.00K	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.67M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.22M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.11M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.32M	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`	$10.66M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.11M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.32M	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`	$10.66M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$1.41M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$2.58M	USD	3 Qtrs

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$56.04M	USD	Point-in-time
Balance	`StockholdersEquity`	$60.49M	USD	Point-in-time
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.85M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.46M	USD	3 Qtrs
Balance	`StockholdersEquity`	$56.04M	USD	Point-in-time
Balance	`StockholdersEquity`	$60.49M	USD	Point-in-time

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