2024 Q1 Form 10-K Financial Statement

#000149315224004024 Filed on January 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $54.84M $80.32M $251.6M
YoY Change -11.0% -2.42% -5.36%
Cost Of Revenue $38.80M $57.77M $181.3M
YoY Change -12.91% -4.26% -6.48%
Gross Profit $16.04M $22.54M $70.36M
YoY Change -6.02% 2.63% -2.36%
Gross Profit Margin 29.24% 28.07% 27.96%
Selling, General & Admin $15.03M $20.18M $65.57M
YoY Change -4.86% 0.34% 0.51%
% of Gross Profit 93.7% 89.5% 93.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.545M $2.178M $6.558M
YoY Change 6.7% 4.01% -1.86%
% of Gross Profit 9.63% 9.66% 9.32%
Operating Expenses $15.03M $20.18M $65.57M
YoY Change -4.86% 0.34% 0.51%
Operating Profit $1.011M $2.368M $4.629M
YoY Change -24.78% 27.38% -92.83%
Interest Expense $171.0K -$264.0K $579.0K
YoY Change 36.8% 14.29% -47.7%
% of Operating Profit 16.91% -11.15% 12.51%
Other Income/Expense, Net $734.0K -$134.0K
YoY Change -5342.86% -95.76%
Pretax Income $1.745M $1.910M $4.495M
YoY Change 31.2% 15.48% -92.68%
Income Tax $510.0K $201.0K $1.021M
% Of Pretax Income 29.23% 10.52% 22.71%
Net Earnings $1.235M $1.709M $3.474M
YoY Change 32.51% -35.66% -92.29%
Net Earnings / Revenue 2.25% 2.13% 1.38%
Basic Earnings Per Share $0.14 $0.38
Diluted Earnings Per Share $0.14 $0.19 $0.38
COMMON SHARES
Basic Shares Outstanding 9.077M shares 9.077M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.65M $15.71M $15.71M
YoY Change -2.65% -3.83% -3.83%
Cash & Equivalents $12.65M $15.71M $15.71M
Short-Term Investments
Other Short-Term Assets $2.388M $435.0K $435.0K
YoY Change 69.12% 35.51% 35.51%
Inventory $39.28M $40.57M $40.57M
Prepaid Expenses $435.0K
Receivables $30.04M $28.59M $28.59M
Other Receivables $1.666M $2.168M $2.168M
Total Short-Term Assets $86.02M $87.48M $87.48M
YoY Change -1.44% -5.87% -5.87%
LONG-TERM ASSETS
Property, Plant & Equipment $67.80M $67.49M $67.49M
YoY Change -4.02% -6.05% -6.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.94M $12.03M $12.03M
YoY Change 10.58% 3.84% 3.84%
Total Long-Term Assets $80.74M $79.52M $79.52M
YoY Change -1.94% -4.67% -4.67%
TOTAL ASSETS
Total Short-Term Assets $86.02M $87.48M $87.48M
Total Long-Term Assets $80.74M $79.52M $79.52M
Total Assets $166.8M $167.0M $167.0M
YoY Change -1.68% -5.3% -5.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.603M $7.201M $7.201M
YoY Change -5.41% -47.28% -47.28%
Accrued Expenses $5.294M $6.404M $9.142M
YoY Change -26.91% -18.45% -15.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.052M $1.107M $1.107M
YoY Change -19.26% -14.25% -14.25%
Total Short-Term Liabilities $18.27M $17.98M $17.98M
YoY Change -9.86% -33.04% -33.04%
LONG-TERM LIABILITIES
Long-Term Debt $2.608M $2.814M $2.814M
YoY Change -29.25% -28.92% -28.92%
Other Long-Term Liabilities $6.767M $1.159M $8.326M
YoY Change 6.72% -88.83% -18.68%
Total Long-Term Liabilities $17.72M $19.48M $11.14M
YoY Change 179.4% 87.8% -21.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.27M $17.98M $17.98M
Total Long-Term Liabilities $17.72M $19.48M $11.14M
Total Liabilities $35.99M $37.46M $37.46M
YoY Change -15.04% -25.11% -25.11%
SHAREHOLDERS EQUITY
Retained Earnings $124.0M $122.8M
YoY Change 3.14% 2.91%
Common Stock $9.134M $9.134M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $130.8M $129.5M $129.5M
YoY Change
Total Liabilities & Shareholders Equity $166.8M $167.0M $167.0M
YoY Change -1.68% -5.3% -5.3%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $1.235M $1.709M $3.474M
YoY Change 32.51% -35.66% -92.29%
Depreciation, Depletion And Amortization $1.545M $2.178M $6.558M
YoY Change 6.7% 4.01% -1.86%
Cash From Operating Activities -$703.0K $3.885M $3.985M
YoY Change -73.24% -236.7% -150.89%
INVESTING ACTIVITIES
Capital Expenditures $1.860M $213.0K $2.603M
YoY Change 618.15% -67.63% -30.95%
Acquisitions
YoY Change
Other Investing Activities $0.00 $37.00K $227.0K
YoY Change -100.0% -54.32% -99.62%
Cash From Investing Activities -$1.860M -$176.0K -$2.376M
YoY Change 894.65% -69.5% -104.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$497.0K -774.0K -$2.234M
YoY Change -5.69% 116.81% -93.14%
NET CHANGE
Cash From Operating Activities -$703.0K 3.885M $3.985M
Cash From Investing Activities -$1.860M -176.0K -$2.376M
Cash From Financing Activities -$497.0K -774.0K -$2.234M
Net Change In Cash -$3.060M 2.935M -$625.0K
YoY Change -8.41% -177.73% -103.92%
FREE CASH FLOW
Cash From Operating Activities -$703.0K $3.885M $3.985M
Capital Expenditures $1.860M $213.0K $2.603M
Free Cash Flow -$2.563M $3.672M $1.382M
YoY Change -11.19% -204.91% -111.91%

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CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6682000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
147000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
57000 usd
CY2023 BRID Reduction In Promotional Allowances
ReductionInPromotionalAllowances
-679000 usd
CY2022 BRID Reduction In Promotional Allowances
ReductionInPromotionalAllowances
-98000 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-161000 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
57745000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-631000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5070000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-6480000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10116000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
40000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3762000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
114000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2250000 usd
CY2023 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
967000 usd
CY2022 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-4955000 usd
CY2023 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
444000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
11000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-6457000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1270000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1449000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
963000 usd
CY2023 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
32000 usd
CY2022 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
126000 usd
CY2023 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-879000 usd
CY2022 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-1880000 usd
CY2023 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-1207000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-657000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3985000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7830000 usd
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
227000 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
60115000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2603000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3770000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2376000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
56345000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1151000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
400000 usd
CY2022 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
6000000 usd
CY2023 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
1083000 usd
CY2022 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
38157000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2234000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-32557000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-625000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
15958000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16333000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
375000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
15708000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16333000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2587000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
13345000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
579000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
1107000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_845_eus-gaap--UseOfEstimates_zEA0ULVeZrnc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_863_zhMgOwih0Yse">Use of estimates and assumptions</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 27pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported revenues and expenses during the respective reporting periods. Actual results could differ from those estimates. Amounts estimated related to liabilities for pension benefits, self-insured workers’ compensation and employee healthcare benefits are subject to inherent uncertainties and these estimated liabilities may ultimately settle at amounts which may vary from current estimates. Other areas with underlying estimates include realization of deferred tax assets, cash surrender or contract value of life insurance policies, promotional allowances and the allowance for doubtful accounts and inventory reserves. Management believes its current estimates are reasonable and based on the best information available at the time.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 27pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Inventory Net
InventoryNet
40573000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
40533000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
248000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
177000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84B_eus-gaap--ConcentrationRiskCreditRisk_zhJ0OT0ocSl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86B_z2i0BXMRdSW7">Concentrations of credit risk</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 27pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our credit risk is diversified across a broad range of customers and geographic regions. Losses due to credit risk have recently been immaterial. The carrying amount of cash equivalents, accounts and other receivables, accounts payable and accrued liabilities approximate fair market value due to the short maturity of these instruments. We maintain cash balances at financial institutions, which may at times exceed the amounts insured by the Federal Deposit Insurance Corporation. Management does not believe there is significant credit risk associated with these financial institutions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 27pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sales to Wal-Mart® comprised <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20221029__20231103__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--WalMartMember_zazkwiEfcs54" title="Concentration risk, percentage">29.1</span>% of revenues in fiscal year 2023 and <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20221029__20231103__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--WalMartMember_zsM4jPIuyvMe" title="Concentration risk, percentage">26.5</span>% of total accounts receivable was due from Wal-Mart® as of November 3, 2023. Sales to Wal-Mart® comprised <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20211030__20221028__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--WalMartMember_z4l7kUsXYGVl" title="Concentration risk, percentage">29.8</span>% of revenues in fiscal year 2022 and <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20211030__20221028__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--WalMartMember_zeXBgednBBg6" title="Concentration risk, percentage">26.1</span>% of total accounts receivable was due from Wal-Mart® as of October 28, 2022. Sales to Dollar General® comprised <span id="xdx_907_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20221029__20231103__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--DollarGeneralMember_zvjO8oYk9Xpl" title="Concentration risk, percentage">16.3</span>% of revenues in fiscal year 2023 and <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20221029__20231103__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--DollarGeneralMember_zqU77hNnJq4i" title="Concentration risk, percentage accounts receivable">20.5</span>% of total accounts receivable was due from Dollar General® as of November 3, 2023. Sales to Dollar General® comprised <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20211030__20221028__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--DollarGeneralMember_zOE9a4iZldx3" title="Concentration risk, percentage">16.9</span>% of revenues in fiscal year 2022 and <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20211030__20221028__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--DollarGeneralMember_ztPpWdziCTQ6" title="Concentration risk, percentage accounts receivable">19.9</span>% of total accounts receivable was due from Dollar General® as of October 28, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 27pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
274000 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
79000 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
161000 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
242000 usd
CY2023 us-gaap Fiscal Period
FiscalPeriod
<p id="xdx_849_eus-gaap--FiscalPeriod_zcyXbEMdEpl2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_zXe8FZjGnzbl">Fiscal year</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 27pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We maintain our accounting records on a 52-53-week fiscal basis ending on the Friday closest to October 31. As part of the regular accounting cycle, fiscal year 2023 included 53 weeks and fiscal year 2022 included 52 weeks.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 27pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 us-gaap Selling Expense
SellingExpense
7190000 usd
CY2022 us-gaap Selling Expense
SellingExpense
6661000 usd
CY2023 us-gaap Marketing Expense
MarketingExpense
17256000 usd
CY2022 us-gaap Marketing Expense
MarketingExpense
15762000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
2822000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
2603000 usd
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
15708000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
435000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
321000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
513000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
131000 usd
CY2023 us-gaap Property Plant And Equipment Interest Capitalization
PropertyPlantAndEquipmentInterestCapitalization
The Company incurred interest costs of $579 and $1,107 for fiscal year 2023 and 2022, respectively, all of which were recorded as interest expense in relation to equipment at the production facility in Chicago.
CY2023 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
579000 usd
CY2022 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
1107000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
140884000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
142798000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
73397000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
70968000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
CY2023Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
12244000 usd
CY2022Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
10242000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1507000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2432000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
26822000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
27859000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
67487000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
71830000 usd
CY2023Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
12029000 usd
CY2022Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
11584000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
5000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
5000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
12034000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
11589000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4610000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5412000 usd
CY2023Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
732000 usd
CY2022Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
1305000 usd
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
444000 usd
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
501000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
618000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
635000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6404000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
7853000 usd
CY2023Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
249000 usd
CY2022Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
133000 usd
CY2023Q4 us-gaap Deferred Compensation Cash Based Arrangements Liability Current
DeferredCompensationCashBasedArrangementsLiabilityCurrent
1582000 usd
CY2022Q4 us-gaap Deferred Compensation Cash Based Arrangements Liability Current
DeferredCompensationCashBasedArrangementsLiabilityCurrent
1746000 usd
CY2023Q4 BRID Capital Lease Obligation Current
CapitalLeaseObligationCurrent
62000 usd
CY2022Q4 BRID Capital Lease Obligation Current
CapitalLeaseObligationCurrent
202000 usd
CY2023Q4 BRID Escrow And Customer Deposits Current
EscrowAndCustomerDepositsCurrent
26000 usd
CY2022Q4 BRID Escrow And Customer Deposits Current
EscrowAndCustomerDepositsCurrent
26000 usd
CY2022Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
766000 usd
CY2023Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
36000 usd
CY2022Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
102000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1955000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2975000 usd
CY2023Q4 BRID Defined Benefit Pension Plan On Liabilities Noncurrent
DefinedBenefitPensionPlanOnLiabilitiesNoncurrent
-1885000 usd
CY2022Q4 BRID Defined Benefit Pension Plan On Liabilities Noncurrent
DefinedBenefitPensionPlanOnLiabilitiesNoncurrent
-551000 usd
CY2023Q4 us-gaap Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
2266000 usd
CY2022Q4 us-gaap Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
1913000 usd
CY2023Q4 BRID Capital Lease Obligation Non Current
CapitalLeaseObligationNonCurrent
28000 usd
CY2022Q4 BRID Capital Lease Obligation Non Current
CapitalLeaseObligationNonCurrent
135000 usd
CY2023Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
750000 usd
CY2022Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
605000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1159000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2102000 usd
CY2023 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-1686000 usd
CY2022 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-20513000 usd
CY2023 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
57000 usd
CY2022 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
127000 usd
CY2023 BRID Defined Benefit Plan On Interest Cost
DefinedBenefitPlanOnInterestCost
2688000 usd
CY2022 BRID Defined Benefit Plan On Interest Cost
DefinedBenefitPlanOnInterestCost
1772000 usd
CY2023 BRID Defined Benefit Plan Expected Returns On Plan Assets
DefinedBenefitPlanExpectedReturnsOnPlanAssets
3439000 usd
CY2022 BRID Defined Benefit Plan Expected Returns On Plan Assets
DefinedBenefitPlanExpectedReturnsOnPlanAssets
4336000 usd
CY2023 BRID Defined Benefit Plan Expected Amortization Of Unrecognized Gain Loss Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationOfUnrecognizedGainLossNextFiscalYear
615000 usd
CY2022 BRID Defined Benefit Plan Expected Amortization Of Unrecognized Gain Loss Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationOfUnrecognizedGainLossNextFiscalYear
1210000 usd
CY2023 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-79000 usd
CY2022 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-1227000 usd
CY2023Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0596 pure
CY2022Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0544 pure
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0700 pure
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0700 pure
CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
50649000 usd
CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
63295000 usd
CY2023 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
2394000 usd
CY2022 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
-10476000 usd
CY2023 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
2358000 usd
CY2022 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
2170000 usd
CY2023Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
50685000 usd
CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
50649000 usd
CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
50098000 usd
CY2021Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
70882000 usd
CY2023 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
57000 usd
CY2022 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
127000 usd
CY2023 BRID Defined Benefit Plan On Interest Cost
DefinedBenefitPlanOnInterestCost
2688000 usd
CY2022 BRID Defined Benefit Plan On Interest Cost
DefinedBenefitPlanOnInterestCost
1772000 usd
CY2023 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
2357000 usd
CY2022 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
2170000 usd
CY2023Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
48800000 usd
CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
50098000 usd
CY2023Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
1885000 usd
CY2022Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
551000 usd
CY2023Q4 BRID Defined Benefit Plan Before Adoption Of Sfas158 Recognition Provisions Net Gains Loss Not Yet Recognized
DefinedBenefitPlanBeforeAdoptionOfSFAS158RecognitionProvisionsNetGainsLossNotYetRecognized
7216000 usd
CY2022Q4 BRID Defined Benefit Plan Before Adoption Of Sfas158 Recognition Provisions Net Gains Loss Not Yet Recognized
DefinedBenefitPlanBeforeAdoptionOfSFAS158RecognitionProvisionsNetGainsLossNotYetRecognized
8470000 usd
CY2023Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
DefinedBenefitPlanAmountsRecognizedInBalanceSheet
9101000 usd
CY2022Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
DefinedBenefitPlanAmountsRecognizedInBalanceSheet
9021000 usd
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0700 pure
CY2023Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1.000 pure
CY2023Q4 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
DefinedBenefitPlanPlanAssetsTargetAllocationPercentage
1.000 pure
CY2022Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1.000 pure
CY2022Q4 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
DefinedBenefitPlanPlanAssetsTargetAllocationPercentage
1.000 pure
CY2023Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
50685000 usd
CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
50649000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1660000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
10574000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-8000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
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2264000 usd
CY2023 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
1652000 usd
CY2022 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
12838000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-530000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2609000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-101000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
894000 usd
CY2023 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-631000 usd
CY2022 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
3503000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1021000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16341000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
944000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
12895000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-86000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2458000 usd
CY2023 BRID Income Loss Tax Reconciliation Nondeductible Expense Life Insurance
IncomeLossTaxReconciliationNondeductibleExpenseLifeInsurance
-93000 usd
CY2022 BRID Income Loss Tax Reconciliation Nondeductible Expense Life Insurance
IncomeLossTaxReconciliationNondeductibleExpenseLifeInsurance
427000 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
256000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
561000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1021000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16341000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
64000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
48000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Returns And Allowances
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReturnsAndAllowances
167000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Returns And Allowances
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReturnsAndAllowances
142000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
299000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
145000 usd
CY2023Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
571000 usd
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
628000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
726000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
848000 usd
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
-30000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
143000 usd
CY2023Q4 BRID State Taxes Payable Receivable
StateTaxesPayableReceivable
232000 usd
CY2022Q4 BRID State Taxes Payable Receivable
StateTaxesPayableReceivable
275000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBonuses
824000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBonuses
733000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
924000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
1318000 usd
CY2023Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
12342000 usd
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
13440000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
322000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
287000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
99000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
99000 usd
CY2023Q4 BRID Deferred Tax Assets
DeferredTaxAssets
-8342000 usd
CY2022Q4 BRID Deferred Tax Assets
DeferredTaxAssets
-8972000 usd
CY2023Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
99000 usd
CY2023 BRID Net Operating Loss Carryforwards Expiration Description
NetOperatingLossCarryforwardsExpirationDescription
The state loss carryforwards will expire at various dates through 2040
CY2023Q4 us-gaap Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Domestic Subsidiaries
DeferredTaxLiabilityNotRecognizedAmountOfUnrecognizedDeferredTaxLiabilityUndistributedEarningsOfDomesticSubsidiaries
314000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
76000 usd
CY2022Q4 us-gaap Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Domestic Subsidiaries
DeferredTaxLiabilityNotRecognizedAmountOfUnrecognizedDeferredTaxLiabilityUndistributedEarningsOfDomesticSubsidiaries
299000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
0 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
299000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
173000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
16000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
126000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
16000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
331000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
299000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
40000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
331000 usd
CY2023 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act (the “Tax Act”). Among other significant changes, the Tax Act reduced the corporate federal income tax rate from 35% to 21%. The carryback of NOLs from tax years 2018 and 2019 under the CARES Act to pre-Tax Act years has generated an income tax benefit of $3,091 due to the difference in income tax rates. The release of research and development credits has generated an income tax benefit of $358. These income tax benefits have been recorded in the income tax provision for fiscal year 2020
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.227 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.266 pure
CY2023Q4 us-gaap Line Of Credit
LineOfCredit
3831000 usd
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
4913000 usd
CY2023Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
1045000 usd
CY2022Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
1089000 usd
CY2023Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
2786000 usd
CY2022Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
3824000 usd
CY2021Q3 us-gaap Repayments Of Debt
RepaymentsOfDebt
18653000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1045000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1083000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1124000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
580000 usd
CY2023 us-gaap Lessee Finance Lease Description
LesseeFinanceLeaseDescription
The Company leases three long-haul trucks received during fiscal year 2019. The six-year leases for these trucks expire in 2025
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
96000 usd
CY2023Q4 us-gaap Lessee Finance Lease Remaining Lease Term
LesseeFinanceLeaseRemainingLeaseTerm
P2Y
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1230000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
937000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
996000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
518000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3681000 usd
CY2023Q4 BRID Finance Lease Liability Amount Representing Executory Costs
FinanceLeaseLiabilityAmountRepresentingExecutoryCosts
20000 usd
CY2023Q4 BRID Finance Lease Liability Undiscounted Interest Amount
FinanceLeaseLiabilityUndiscountedInterestAmount
-1000 usd
CY2023Q4 BRID Future Minimum Finance Lease Payments
FutureMinimumFinanceLeasePayments
3660000 usd
CY2023Q4 BRID Capital Lease Obligation Current
CapitalLeaseObligationCurrent
62000 usd
CY2023Q4 BRID Capital Lease Obligation Non Current
CapitalLeaseObligationNonCurrent
28000 usd
CY2023Q4 BRID Finance Lease Right Of Use Asset Current
FinanceLeaseRightOfUseAssetCurrent
1120000 usd
CY2023Q4 BRID Finance Lease Right Of Use Asset Non Current
FinanceLeaseRightOfUseAssetNonCurrent
2450000 usd
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
251636000 usd
CY2023 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
181279000 usd
CY2023 us-gaap Gross Profit
GrossProfit
70357000 usd
CY2023 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
65567000 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-161000 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
4629000 usd
CY2023Q4 us-gaap Assets
Assets
166998000 usd
CY2023 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
2603000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
265898000 usd
CY2022 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
193837000 usd
CY2022 us-gaap Gross Profit
GrossProfit
72061000 usd
CY2022 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
65235000 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
57745000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
64571000 usd
CY2022Q4 us-gaap Assets
Assets
176348000 usd
CY2022 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
3770000 usd
CY2023 BRID Direct Store Delivery
DirectStoreDelivery
130497000 usd
CY2023 BRID Direct Customer Warehouse
DirectCustomerWarehouse
63501000 usd
CY2023 BRID Total Snack Food Products
TotalSnackFoodProducts
193998000 usd
CY2023 BRID Distributors
Distributors
57638000 usd
CY2023 BRID Total Frozen Food Products
TotalFrozenFoodProducts
57638000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
251636000 usd
CY2022 BRID Direct Store Delivery
DirectStoreDelivery
138220000 usd
CY2022 BRID Direct Customer Warehouse
DirectCustomerWarehouse
71424000 usd
CY2022 BRID Total Snack Food Products
TotalSnackFoodProducts
209644000 usd
CY2022 BRID Distributors
Distributors
56254000 usd
CY2022 BRID Total Frozen Food Products
TotalFrozenFoodProducts
56254000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
265898000 usd

Files In Submission

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0001493152-24-004024.txt Edgar Link pending
0001493152-24-004024-xbrl.zip Edgar Link pending
brid-20231103.xsd Edgar Link pending
ex31-1.htm Edgar Link pending
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