10-K Filing

SIMPLY GOOD FOODS CO CIK: 1702744 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001702744-17-000027`
Period End Date	20170831
Filing Date	20171109
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	atk-20170826.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 39 Income Statement 28 Cash Flow Statement 37 Stockholders Equity 10

Balance Sheet 39 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$203.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.50M	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$37.18M	USD	Point-in-time
Common stock shares authorized (in shares)	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$29.06M	USD	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	70.63M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.90M	USD	Point-in-time
Common stock shares outstanding (in shares)	`CommonStockSharesOutstanding`	70.63M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.26M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$133.91M	USD	Point-in-time
Property and equipment, net	`NoncurrentAssets`	$2.10M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$319.15M	USD	Point-in-time
Goodwill	`Goodwill`	$465.03M	USD	Point-in-time
Other long term assets	`OtherAssetsNoncurrent`	$2.29M	USD	Point-in-time
Total assets	`Assets`	$922.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.86M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$561.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$15.04M	USD	Point-in-time
Current portion of TRA liability	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$2.55M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$234.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$33.24M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$191.86M	USD	Point-in-time
Warrant liabilities	`WarrantsAndRightsOutstanding`	-	USD	Point-in-time
Long term portion of TRA liability	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$23.13M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$75.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$323.79M	USD	Point-in-time
See commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock (Successor), $0.01 par value, 100,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock (Successor), $0.01 par value, 600,000,000 shares authorized, 70,628,322 issued and outstanding	`CommonStockValue`	$706.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$610.14M	USD	Point-in-time
(Accumulated deficit) Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-12.16M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$19.00K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$598.70M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$597.82M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$922.49M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$56.33M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$35.94M	USD	1 Quarter
Gross profit	`GrossProfit`	$20.39M	USD	1 Quarter
Distribution	`ShippingHandlingAndTransportationCosts`	$2.78M	USD	1 Quarter
Selling	`SellingAndAdvertisingExpense`	$2.32M	USD	1 Quarter
Marketing	`MarketingAndAdvertisingExpense`	$4.62M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.81M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.00M	USD	1 Quarter
Business combination transaction costs	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	1 Quarter
Other Expense	`OtherCostAndExpenseOperating`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$18.53M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.86M	USD	1 Quarter
Change in warrant liabilities	`FairValueAdjustmentOfWarrants`	$700.00K	USD	Annual
Change in warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$1.66M	USD	1 Quarter
Loss (gain) on foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$513.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$30.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-1.12M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$740.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$290.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$10.03M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$450.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$19.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$469.00K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	70.56M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	71.25M	shares	1 Quarter

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$10.03M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$450.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.00M	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$192.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$412.00K	USD	1 Quarter
Change in warrant liabilities	`FairValueAdjustmentOfWarrants`	$700.00K	USD	Annual
Change in warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Unrealized (gain) loss on foreign currency transactions	`ForeignCurrencyTransactionGainLossUnrealized`	$513.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-382.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$5.56M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-4.13M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.11M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-5.34M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.09M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$561.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-34.10M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingLiabilities`	$124.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-27.36M	USD	1 Quarter
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$458.00K	USD	1 Quarter
Acquisition of business, net of cash acquired	`NoncashMergerRelatedCosts`	$-600.83M	USD	1 Quarter
Cash withdrawn from trust account	`IncreaseDecreaseInRestrictedCash`	$-403.98M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-197.30M	USD	1 Quarter
Proceeds from option exercises	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Proceeds from issuance of private placement equity, net of issuance costs	`ProceedsFromIssuanceOfPrivatePlacement`	$97.00M	USD	1 Quarter
Proceeds from issuance of long term debt, net of issuance costs	`ProceedsFromIssuanceOfLongTermDebt`	$191.90M	USD	1 Quarter
Payment of Conyers Park deferred equity issuance costs	`PaymentsofMergerRelatedDeferredStockIssuanceCosts`	$8.10M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$280.80M	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$56.14M	USD	1 Quarter
Effect of exchange rate on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$159.00K	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$203.00K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$56.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$203.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$56.50M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$909.00K	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$598.70M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$597.82M	USD	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	70.63M	shares	Point-in-time
Net income (loss)	`NetIncomeLoss`	$10.03M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$450.00K	USD	1 Quarter
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$412.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$19.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$598.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$597.82M	USD	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	70.63M	shares	Point-in-time

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