10-K Filing

BRIDGFORD FOODS CORP CIK: 14177 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001493152-21-001208`
Period End Date	20201031
Filing Date	20210115
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	brid-20201030.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 20 Cash Flow Statement 64 Stockholders Equity 10 Comprehensive Income 18

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$31.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$16.00K	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$2.97M	USD	Point-in-time
Accounts receivable, allowance for promotional allowances	`AllowanceForPromotions`	$2.55M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$58.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.48M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$54.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.30M	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.12M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $16 and $31, respectively and promotional allowances of $2,550 and $2,974, respectively	`AccountsReceivableNetCurrent`	$23.82M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $16 and $31, respectively and promotional allowances of $2,550 and $2,974, respectively	`AccountsReceivableNetCurrent`	$21.88M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Inventories, net	`InventoryNet`	$29.30M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Inventories, net	`InventoryNet`	$26.37M	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$9.52M	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$692.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$1.05M	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
Total current assets	`AssetsCurrent`	$68.75M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$52.77M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.08M	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $58,686 and $54,015, respectively	`PropertyPlantAndEquipmentNet`	$54.35M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $58,686 and $54,015, respectively	`PropertyPlantAndEquipmentNet`	$73.33M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.08M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$13.20M	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
Other non-current assets	`OtherAssetsNoncurrent`	$12.29M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$4.05M	USD	Point-in-time
Total assets	`Assets`	$155.28M	USD	Point-in-time
Total assets	`Assets`	$123.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.50M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$5.48M	USD	Point-in-time
Accrued payroll, advertising and other expenses	`AccruedLiabilitiesCurrent`	$5.98M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$94.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$90.00K	USD	Point-in-time
Current notes payable - equipment (Note 5)	`NotesPayableCurrent`	$1.94M	USD	Point-in-time
Current notes payable - equipment (Note 5)	`NotesPayableCurrent`	$4.43M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$4.43M	USD	Point-in-time
Current portion of non-current liabilities	`OtherLiabilitiesCurrent`	$5.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$26.20M	USD	Point-in-time
Long-term notes payable - equipment (Note 5)	`LongTermNotesPayable`	$24.69M	USD	Point-in-time
Long-term notes payable - equipment (Note 5)	`LongTermNotesPayable`	$11.80M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$2.34M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	-	USD	Point-in-time
Non-current liabilities	`OtherLiabilitiesNoncurrent`	$25.23M	USD	Point-in-time
Non-current liabilities	`OtherLiabilitiesNoncurrent`	$30.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$84.04M	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
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`	$79.75M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.94M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.38M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$71.25M	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`	$123.46M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$155.28M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$197.97M	USD	Annual
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$188.78M	USD	Annual
Cost of products sold	`CostOfGoodsAndServicesSold`	$138.45M	USD	Annual
Cost of products sold	`CostOfGoodsAndServicesSold`	$127.12M	USD	Annual
Gross margin	`GrossProfit`	$61.66M	USD	Annual
Gross margin	`GrossProfit`	$59.52M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$54.45M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$52.84M	USD	Annual
(Gain) loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$58.00K	USD	Annual
(Gain) loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-290.00K	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.13M	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.54M	USD	Annual
(Benefit on) provision for income taxes	`IncomeTaxExpenseBenefit`	$2.05M	USD	Annual
(Benefit on) provision for income taxes	`IncomeTaxExpenseBenefit`	$-2.19M	USD	Annual
Net income	`NetIncomeLoss`	$7.32M	USD	Annual
Net income	`NetIncomeLoss`	$6.48M	USD	Annual
Basic earnings per share	`EarningsPerShareBasic`	$0.71	USD	Annual
Basic earnings per share	`EarningsPerShareBasic`	$0.81	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 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$7.32M	USD	Annual
Net income	`NetIncomeLoss`	$6.48M	USD	Annual
Depreciation	`Depreciation`	$4.15M	USD	Annual
Depreciation	`Depreciation`	$5.51M	USD	Annual
(Recovery of) provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$44.00K	USD	Annual
(Recovery of) provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$-8.00K	USD	Annual
Reduction in promotional allowances	`ReductionInPromotionalAllowances`	$-423.00K	USD	Annual
Reduction in promotional allowances	`ReductionInPromotionalAllowances`	$-852.00K	USD	Annual
(Gain) loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$58.00K	USD	Annual
(Gain) loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-290.00K	USD	Annual
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$1.89M	USD	Annual
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$6.38M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.51M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$774.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$2.93M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$2.95M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$75.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-283.00K	USD	Annual
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	Annual
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$9.09M	USD	Annual
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$102.00K	USD	Annual
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$663.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$338.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.51M	USD	Annual
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$501.00K	USD	Annual
Accrued payroll, advertising and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$903.00K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.00K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-65.00K	USD	Annual
Current portion of non-current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-412.00K	USD	Annual
Current portion of non-current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-1.64M	USD	Annual
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$2.29M	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`	$9.92M	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$39.00K	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$61.00K	USD	Annual
Proceeds from sale of assets in escrow	`ProceedsFromSaleOfAssetsInEscrow`	$1.12M	USD	Annual
Proceeds from sale of assets in escrow	`ProceedsFromSaleOfAssetsInEscrow`	-	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.48M	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`	$-23.32M	USD	Annual
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$17.00K	USD	Annual
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$24.00K	USD	Annual
Proceeds from bank borrowings	`ProceedsFromBankDebt`	$17.00M	USD	Annual
Proceeds from bank borrowings	`ProceedsFromBankDebt`	$18.45M	USD	Annual
Repayments of bank borrowings	`RepaymentsOfBankDebt`	$3.25M	USD	Annual
Repayments of bank borrowings	`RepaymentsOfBankDebt`	$3.08M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.35M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.73M	USD	Annual
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.70M	USD	Annual
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.95M	USD	Annual
Cash and cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.48M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.43M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.18M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.48M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.43M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.18M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$697.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$336.00K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$828.00K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$403.00K	USD	Annual
Transportation equipment financed by lease obligations	`TransportationEquipmentFinancedByLeaseObligations`	$40.00K	USD	Annual
Transportation equipment financed by lease obligations	`TransportationEquipmentFinancedByLeaseObligations`	$473.00K	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$71.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$66.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$65.68M	USD	Point-in-time
Net income	`NetIncomeLoss`	$7.32M	USD	Annual
Net income	`NetIncomeLoss`	$6.48M	USD	Annual
Net change in defined benefit plans and other benefit plans, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-5.68M	USD	Annual
Net change in defined benefit plans and other benefit plans, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-2.56M	USD	Annual
Balance	`StockholdersEquity`	$71.25M	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`	$7.32M	USD	Annual
Net income	`NetIncomeLoss`	$6.48M	USD	Annual
Other comprehensive loss from defined benefit plans	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent`	$-6.63M	USD	Annual
Other comprehensive loss from defined benefit plans	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent`	$-3.92M	USD	Annual
Actuarial gain (loss)	`OtherComprehensiveIncomeOtherPostRetirementPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax`	$790.00K	USD	Annual
Actuarial gain (loss)	`OtherComprehensiveIncomeOtherPostRetirementPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax`	$-556.00K	USD	Annual
Prior service cost	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax`	-	USD	Annual
Prior service cost	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax`	$-50.00K	USD	Annual
Other comprehensive income (loss) from other postretirement benefit plans, net	`OtherComprehensiveIncomeOtherPostRetirementPlansAdjustmentBeforeTaxPortionAttributableToParent`	$556.00K	USD	Annual
Other comprehensive income (loss) from other postretirement benefit plans, net	`OtherComprehensiveIncomeOtherPostRetirementPlansAdjustmentBeforeTaxPortionAttributableToParent`	$-840.00K	USD	Annual
Other comprehensive loss, before taxes	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-7.47M	USD	Annual
Other comprehensive loss, before taxes	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-3.36M	USD	Annual
Tax benefit on other comprehensive loss	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$-1.79M	USD	Annual
Tax benefit on other comprehensive loss	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$-803.00K	USD	Annual
Change in other comprehensive (loss), net of tax	`OtherComprehensiveIncomeOtherNetOfTax`	$-5.68M	USD	Annual
Change in other comprehensive (loss), net of tax	`OtherComprehensiveIncomeOtherNetOfTax`	$-2.56M	USD	Annual
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$4.76M	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.