10-K Filing

BRIDGFORD FOODS CORP CIK: 14177 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001493152-20-001049`
Period End Date	20191031
Filing Date	20200124
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	brid-20191101.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 20 Cash Flow Statement 62 Stockholders Equity 11 Comprehensive Income 18

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$33.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$31.00K	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$2.12M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$2.97M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$66.34M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$54.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.18M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $31 and $33, respectively and promotional allowances of $2,974 and $2,122, respectively	`AccountsReceivableNetCurrent`	$21.88M	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $31 and $33, respectively and promotional allowances of $2,974 and $2,122, respectively	`AccountsReceivableNetCurrent`	$20.29M	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1,000.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$26.37M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1,000.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$23.41M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.05M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.33M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$52.77M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$53.22M	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 $54,015 and $66,337, respectively	`PropertyPlantAndEquipmentNet`	$54.35M	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 $54,015 and $66,337, respectively	`PropertyPlantAndEquipmentNet`	$32.64M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$11.63M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20,000.00	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20,000.00	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$12.29M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9,076.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$4.01M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9,076.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$4.05M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9,076.00	shares	Point-in-time
Total assets	`Assets`	$123.46M	USD	Point-in-time
Total assets	`Assets`	$101.49M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9,076.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.99M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$5.48M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$4.58M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$90.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$155.00K	USD	Point-in-time
Current notes payable - equipment (Note 5)	`NotesPayableCurrent`	$1.94M	USD	Point-in-time
Current notes payable - equipment (Note 5)	`NotesPayableCurrent`	-	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$5.98M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$4.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.94M	USD	Point-in-time
Long-term notes payable - equipment (Note 5)	`LongTermNotesPayable`	-	USD	Point-in-time
Long-term notes payable - equipment (Note 5)	`LongTermNotesPayable`	$11.80M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$17.45M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$25.23M	USD	Point-in-time
Total liabilities	`Liabilities`	$35.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$56.97M	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	`CommonStockValue`	$9.13M	USD	Point-in-time
Common stock, $1.00 par value; Authorized, - 20,000 shares; issued and outstanding - 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`	$72.43M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$65.95M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.38M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.70M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$56.04M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$66.48M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$65.68M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$101.49M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$123.46M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$174.26M	USD	Annual
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$188.78M	USD	Annual
Cost of products sold	`CostOfGoodsAndServicesSold`	$117.75M	USD	Annual
Cost of products sold	`CostOfGoodsAndServicesSold`	$127.12M	USD	Annual
Gross margin	`GrossProfit`	$56.51M	USD	Annual
Gross margin	`GrossProfit`	$61.66M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$49.93M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$52.84M	USD	Annual
Loss (gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-290.00K	USD	Annual
Loss (gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.24M	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.54M	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.81M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.05M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.30M	USD	Annual
Net income	`NetIncomeLoss`	$6.52M	USD	Annual
Net income	`NetIncomeLoss`	$6.48M	USD	Annual
Basic earnings per share	`EarningsPerShareBasic`	$0.71	USD	Annual
Basic earnings per share	`EarningsPerShareBasic`	$0.72	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`	$6.52M	USD	Annual
Net income	`NetIncomeLoss`	$6.48M	USD	Annual
Depreciation	`Depreciation`	$3.94M	USD	Annual
Depreciation	`Depreciation`	$4.15M	USD	Annual
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$24.00K	USD	Annual
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$44.00K	USD	Annual
(Provision for) reduction in promotional allowances	`ReductionInProvisionForPromotionalAllowances`	$-852.00K	USD	Annual
(Provision for) reduction in promotional allowances	`ReductionInProvisionForPromotionalAllowances`	$94.00K	USD	Annual
Loss (gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-290.00K	USD	Annual
Loss (gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.24M	USD	Annual
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$4.94M	USD	Annual
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$1.89M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.26M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$774.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$397.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$2.95M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-283.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-219.00K	USD	Annual
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	Annual
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	Annual
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$663.00K	USD	Annual
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.55M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$338.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.29M	USD	Annual
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$903.00K	USD	Annual
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$22.00K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-65.00K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-61.00K	USD	Annual
Current portion of non-current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$295.00K	USD	Annual
Current portion of non-current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-1.64M	USD	Annual
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-3.67M	USD	Annual
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-184.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.25M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.27M	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.04M	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$61.00K	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.15M	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.74M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.68M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.11M	USD	Annual
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$17.00K	USD	Annual
Payment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$83.00K	USD	Annual
Proceeds from bank borrowings	`ProceedsFromBankDebt`	-	USD	Annual
Proceeds from bank borrowings	`ProceedsFromBankDebt`	$17.00M	USD	Annual
Repayments of bank borrowings	`RepaymentsOfBankDebt`	-	USD	Annual
Repayments of bank borrowings	`RepaymentsOfBankDebt`	$3.25M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.73M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-83.00K	USD	Annual
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.93M	USD	Annual
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.70M	USD	Annual
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.48M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.18M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.11M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.48M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.18M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.11M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$697.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$1.73M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$403.00K	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Transportation equiptment financed by lease obligations	`TransportationEquiptmentFinancedByLeaseObligations`	$473.00K	USD	Annual
Transportation equiptment financed by lease obligations	`TransportationEquiptmentFinancedByLeaseObligations`	-	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$56.04M	USD	Point-in-time
Balance	`StockholdersEquity`	$66.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$65.68M	USD	Point-in-time
Net income	`NetIncomeLoss`	$6.52M	USD	Annual
Net income	`NetIncomeLoss`	$6.48M	USD	Annual
ASU 2018-02 (Notes 1 and 4)	`ReclassificationUponEarlyAdoptionOfAccountingStandardUpdate`	-	USD	Annual
Net change in defined benefit plans and other benefit plans, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$3.12M	USD	Annual
Net change in defined benefit plans and other benefit plans, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-5.68M	USD	Annual
Balance	`StockholdersEquity`	$56.04M	USD	Point-in-time
Balance	`StockholdersEquity`	$66.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$65.68M	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`	$6.48M	USD	Annual
Other comprehensive (loss) income from defined benefit plans	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent`	$3.61M	USD	Annual
Other comprehensive (loss) income from defined benefit plans	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent`	$-6.63M	USD	Annual
Actuarial (loss) gain	`OtherComprehensiveIncomeOtherPostRetirementPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax`	$790.00K	USD	Annual
Actuarial (loss) gain	`OtherComprehensiveIncomeOtherPostRetirementPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax`	$-710.00K	USD	Annual
Prior service cost	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax`	$-50.00K	USD	Annual
Prior service cost	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax`	$-174.00K	USD	Annual
Other comprehensive (loss) income from other postretirement benefit plans, net	`OtherComprehensiveIncomeOtherPostRetirementPlansAdjustmentBeforeTaxPortionAttributableToParent`	$536.00K	USD	Annual
Other comprehensive (loss) income from other postretirement benefit plans, net	`OtherComprehensiveIncomeOtherPostRetirementPlansAdjustmentBeforeTaxPortionAttributableToParent`	$-840.00K	USD	Annual
Other comprehensive (loss) income, before taxes	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$4.15M	USD	Annual
Other comprehensive (loss) income, before taxes	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-7.47M	USD	Annual
Tax benefit (expense) on other comprehensive income	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$-1.79M	USD	Annual
Tax benefit (expense) on other comprehensive income	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$1.02M	USD	Annual
Change in other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeOtherNetOfTax`	$3.12M	USD	Annual
Change in other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeOtherNetOfTax`	$-5.68M	USD	Annual
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$9.64M	USD	Annual
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$804.00K	USD	Annual

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