424B3 Filing

SIMPLY GOOD FOODS CO CIK: 1702744 FY 2017

Filing Information

Form Type	424B3
Accession Number	`0001702744-18-000013`
Period End Date	20171130
Filing Date	20180109
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	atk-20171125.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 26 Cash Flow Statement 31

Balance Sheet 72 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 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 authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$62.88M	USD	Point-in-time
Preferred stock shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.50M	USD	Point-in-time
Preferred stock shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$43.58M	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	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
Common stock shares authorized (in shares)	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Inventories	`InventoryNet`	$31.66M	USD	Point-in-time
Inventories	`InventoryNet`	$29.06M	USD	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	70.58M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.34M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.90M	USD	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	70.56M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.26M	USD	Point-in-time
Common stock shares outstanding (in shares)	`CommonStockSharesOutstanding`	70.58M	shares	Point-in-time
Common stock shares outstanding (in shares)	`CommonStockSharesOutstanding`	70.56M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.92M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$150.38M	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
Property and equipment, net	`NoncurrentAssets`	$2.46M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$319.15M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$317.52M	USD	Point-in-time
Goodwill	`Goodwill`	$465.03M	USD	Point-in-time
Goodwill	`Goodwill`	$466.79M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$2.29M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$2.29M	USD	Point-in-time
Total assets	`Assets`	$939.44M	USD	Point-in-time
Total assets	`Assets`	$922.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.45M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$561.00K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$531.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$14.52M	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 portion of TRA liability	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$2.61M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$711.00K	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
Total current liabilities	`LiabilitiesCurrent`	$35.83M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$191.70M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$191.86M	USD	Point-in-time
Long-term portion of TRA liability	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$23.71M	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
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$78.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$329.92M	USD	Point-in-time
Total liabilities	`Liabilities`	$323.79M	USD	Point-in-time
See commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
See commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 600,000,000 shares authorized, 70,582,573 and 70,562,477 issued and outstanding, respectively	`CommonStockValue`	$706.00K	USD	Point-in-time
Common stock, $0.01 par value, 600,000,000 shares authorized, 70,582,573 and 70,562,477 issued and outstanding, respectively	`CommonStockValue`	$706.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$611.44M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$610.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.16M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.94M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-680.00K	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$19.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$609.52M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$598.70M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$939.44M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$922.49M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$106.59M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$53.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$52.76M	USD	1 Quarter
Distribution	`ShippingHandlingAndTransportationCosts`	$4.82M	USD	1 Quarter
Selling	`SellingAndAdvertisingExpense`	$3.90M	USD	1 Quarter
Marketing	`MarketingAndAdvertisingExpense`	$9.85M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.08M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.93M	USD	1 Quarter
Change in fair value of contingent consideration - TRA liability	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$642.00K	USD	1 Quarter
Other expense	`OtherCostAndExpenseOperating`	$246.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$33.47M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$19.29M	USD	1 Quarter
Change in warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$3.02M	USD	1 Quarter
Gain (loss) on foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$355.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$86.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-2.58M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.71M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.22M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-699.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.52M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	70.57M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	71.24M	shares	1 Quarter

Cash Flow Statement 31 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$10.22M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.93M	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$322.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$1.07M	USD	1 Quarter
Change in warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Change in fair value of contingent consideration - TRA liability	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$642.00K	USD	1 Quarter
Unrealized (gain) loss on foreign currency transactions	`ForeignCurrencyTransactionGainLossUnrealized`	$355.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.12M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$6.99M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.69M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$375.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-53.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.63M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-30.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-767.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingLiabilities`	$44.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.83M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$661.00K	USD	1 Quarter
Acquisition of business, net of cash acquired	`NoncashMergerRelatedCosts`	$-1.76M	USD	1 Quarter
Cash withdrawn from trust account	`IncreaseDecreaseInRestrictedCash`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.42M	USD	1 Quarter
Proceeds from option exercises	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$6.42M	USD	1 Quarter
Effect of exchange rate on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-41.00K	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$62.88M	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`	$62.88M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$56.50M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$2.73M	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	$341.00K	USD	1 Quarter

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