10-K Filing

BRIDGFORD FOODS CORP CIK: 14177 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001493152-19-000765`
Period End Date	20181031
Filing Date	20190118
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	brid-20181102.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 20 Cash Flow Statement 56 Stockholders Equity 10 Comprehensive Income 18

Balance Sheet 72 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`	$33.00K	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$2.54M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$2.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.11M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$66.34M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$63.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.18M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $33 and $30, respectively and promotional allowances of $2,122 and $2,537, respectively	`AccountsReceivableNetCurrent`	$19.15M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $33 and $30, respectively and promotional allowances of $2,122 and $2,537, respectively	`AccountsReceivableNetCurrent`	$20.29M	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$23.02M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$23.41M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.55M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.33M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$55.82M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$53.22M	USD	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 $66,337 and $63,722, respectively	`PropertyPlantAndEquipmentNet`	$18.57M	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
Property, plant and equipment, net of accumulated depreciation and amortization of $66,337 and $63,722, respectively	`PropertyPlantAndEquipmentNet`	$32.64M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.11M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$11.63M	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
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$4.01M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$10.04M	USD	Point-in-time
Total assets	`Assets`	$101.49M	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
Total assets	`Assets`	$97.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.66M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$4.58M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$4.55M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$155.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$216.00K	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$5.98M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$6.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.37M	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`	$17.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$41.51M	USD	Point-in-time
Total liabilities	`Liabilities`	$35.81M	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`	$65.95M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$56.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.30M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$65.68M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$56.04M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$38.91M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$101.49M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$97.55M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$167.22M	USD	Annual
Net sales	`Revenues`	$174.26M	USD	Annual
Cost of products sold	`CostOfGoodsAndServicesSold`	$105.64M	USD	Annual
Cost of products sold	`CostOfGoodsAndServicesSold`	$117.75M	USD	Annual
Gross margin	`GrossProfit`	$56.51M	USD	Annual
Gross margin	`GrossProfit`	$61.59M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$48.82M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$49.93M	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfOtherAssets`	$58.00K	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfOtherAssets`	$6.24M	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.83M	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.81M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.00M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.30M	USD	Annual
Net income	`NetIncomeLoss`	$6.52M	USD	Annual
Net income	`NetIncomeLoss`	$8.83M	USD	Annual
Basic earnings per share	`EarningsPerShareBasic`	$0.72	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 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.52M	USD	Annual
Net income	`NetIncomeLoss`	$8.83M	USD	Annual
Depreciation	`Depreciation`	$3.37M	USD	Annual
Depreciation	`Depreciation`	$3.94M	USD	Annual
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$24.00K	USD	Annual
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$26.00K	USD	Annual
Provision for reduction in promotional allowances	`ProvisionForReductionInPromotionalAllowances`	$94.00K	USD	Annual
Provision for reduction in promotional allowances	`ProvisionForReductionInPromotionalAllowances`	$-266.00K	USD	Annual
Loss gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.24M	USD	Annual
Loss gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$58.00K	USD	Annual
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$4.94M	USD	Annual
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-490.00K	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`	$1.26M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-1.06M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$397.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-219.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$613.00K	USD	Annual
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	Annual
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$703.00K	USD	Annual
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.55M	USD	Annual
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.44M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.29M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.28M	USD	Annual
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$466.00K	USD	Annual
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$22.00K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$85.00K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-61.00K	USD	Annual
Current portion of non-current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$1.92M	USD	Annual
Current portion of non-current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$295.00K	USD	Annual
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-3.67M	USD	Annual
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$2.83M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.27M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.77M	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$58.00K	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.04M	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.15M	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.57M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.11M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.52M	USD	Annual
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$83.00K	USD	Annual
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$129.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-83.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-129.00K	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.12M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.93M	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`	$6.99M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$8.18M	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`	$6.99M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$8.18M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$1.73M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$4.37M	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$65.68M	USD	Point-in-time
Balance	`StockholdersEquity`	$56.04M	USD	Point-in-time
Balance	`StockholdersEquity`	$38.91M	USD	Point-in-time
Net income	`NetIncomeLoss`	$6.52M	USD	Annual
Net income	`NetIncomeLoss`	$8.83M	USD	Annual
Net change in defined benefit plans and other benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$3.12M	USD	Annual
Net change in defined benefit plans and other benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$8.30M	USD	Annual
Balance	`StockholdersEquity`	$65.68M	USD	Point-in-time
Balance	`StockholdersEquity`	$56.04M	USD	Point-in-time
Balance	`StockholdersEquity`	$38.91M	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.52M	USD	Annual
Net income	`NetIncomeLoss`	$8.83M	USD	Annual
Other comprehensive income from defined benefit plans	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent`	$3.61M	USD	Annual
Other comprehensive income from defined benefit plans	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent`	$12.83M	USD	Annual
Actuarial gain	`OtherComprehensiveIncomeOtherPostRetirementPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax`	$-641.00K	USD	Annual
Actuarial gain	`OtherComprehensiveIncomeOtherPostRetirementPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax`	$-710.00K	USD	Annual
Prior service (benefit)	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax`	$-174.00K	USD	Annual
Prior service (benefit)	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax`	$-190.00K	USD	Annual
Other comprehensive income from other postretirement benefit plans, net	`OtherComprehensiveIncomeOtherPostRetirementPlansAdjustmentBeforeTaxPortionAttributableToParent`	$451.00K	USD	Annual
Other comprehensive income from other postretirement benefit plans, net	`OtherComprehensiveIncomeOtherPostRetirementPlansAdjustmentBeforeTaxPortionAttributableToParent`	$536.00K	USD	Annual
Other comprehensive income, before taxes	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$4.15M	USD	Annual
Other comprehensive income, before taxes	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$13.28M	USD	Annual
Tax expense on other comprehensive income	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$4.98M	USD	Annual
Tax expense on other comprehensive income	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$1.02M	USD	Annual
Change in other comprehensive income, net of tax	`OtherComprehensiveIncomeOtherNetOfTax`	$8.30M	USD	Annual
Change in other comprehensive income, net of tax	`OtherComprehensiveIncomeOtherNetOfTax`	$3.12M	USD	Annual
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$17.13M	USD	Annual
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$9.64M	USD	Annual

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