2024 Q1 Form 10-Q Financial Statement
#000149315224009386 Filed on March 08, 2024
Income Statement
Concept | 2024 Q1 |
---|---|
Revenue | $54.84M |
YoY Change | -11.0% |
Cost Of Revenue | $38.80M |
YoY Change | -12.91% |
Gross Profit | $16.04M |
YoY Change | -6.02% |
Gross Profit Margin | 29.24% |
Selling, General & Admin | $15.03M |
YoY Change | -4.86% |
% of Gross Profit | 93.7% |
Research & Development | |
YoY Change | |
% of Gross Profit | |
Depreciation & Amortization | $1.545M |
YoY Change | 6.7% |
% of Gross Profit | 9.63% |
Operating Expenses | $15.03M |
YoY Change | -4.86% |
Operating Profit | $1.011M |
YoY Change | -24.78% |
Interest Expense | $171.0K |
YoY Change | 36.8% |
% of Operating Profit | 16.91% |
Other Income/Expense, Net | $734.0K |
YoY Change | -5342.86% |
Pretax Income | $1.745M |
YoY Change | 31.2% |
Income Tax | $510.0K |
% Of Pretax Income | 29.23% |
Net Earnings | $1.235M |
YoY Change | 32.51% |
Net Earnings / Revenue | 2.25% |
Basic Earnings Per Share | $0.14 |
Diluted Earnings Per Share | $0.14 |
COMMON SHARES | |
Basic Shares Outstanding | 9.077M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2024 Q1 |
---|---|
SHORT-TERM ASSETS | |
Cash & Short-Term Investments | $12.65M |
YoY Change | -2.65% |
Cash & Equivalents | $12.65M |
Short-Term Investments | |
Other Short-Term Assets | $2.388M |
YoY Change | 69.12% |
Inventory | $39.28M |
Prepaid Expenses | |
Receivables | $30.04M |
Other Receivables | $1.666M |
Total Short-Term Assets | $86.02M |
YoY Change | -1.44% |
LONG-TERM ASSETS | |
Property, Plant & Equipment | $67.80M |
YoY Change | -4.02% |
Goodwill | |
YoY Change | |
Intangibles | |
YoY Change | |
Long-Term Investments | |
YoY Change | |
Other Assets | $12.94M |
YoY Change | 10.58% |
Total Long-Term Assets | $80.74M |
YoY Change | -1.94% |
TOTAL ASSETS | |
Total Short-Term Assets | $86.02M |
Total Long-Term Assets | $80.74M |
Total Assets | $166.8M |
YoY Change | -1.68% |
SHORT-TERM LIABILITIES | |
YoY Change | |
Accounts Payable | $8.603M |
YoY Change | -5.41% |
Accrued Expenses | $5.294M |
YoY Change | -26.91% |
Deferred Revenue | |
YoY Change | |
Short-Term Debt | $0.00 |
YoY Change | |
Long-Term Debt Due | $1.052M |
YoY Change | -19.26% |
Total Short-Term Liabilities | $18.27M |
YoY Change | -9.86% |
LONG-TERM LIABILITIES | |
Long-Term Debt | $2.608M |
YoY Change | -29.25% |
Other Long-Term Liabilities | $6.767M |
YoY Change | 6.72% |
Total Long-Term Liabilities | $17.72M |
YoY Change | 179.4% |
TOTAL LIABILITIES | |
Total Short-Term Liabilities | $18.27M |
Total Long-Term Liabilities | $17.72M |
Total Liabilities | $35.99M |
YoY Change | -15.04% |
SHAREHOLDERS EQUITY | |
Retained Earnings | $124.0M |
YoY Change | 3.14% |
Common Stock | $9.134M |
YoY Change | 0.0% |
Preferred Stock | |
YoY Change | |
Treasury Stock (at cost) | |
YoY Change | |
Treasury Stock Shares | |
Shareholders Equity | $130.8M |
YoY Change | |
Total Liabilities & Shareholders Equity | $166.8M |
YoY Change | -1.68% |
Cashflow Statement
Concept | 2024 Q1 |
---|---|
OPERATING ACTIVITIES | |
Net Income | $1.235M |
YoY Change | 32.51% |
Depreciation, Depletion And Amortization | $1.545M |
YoY Change | 6.7% |
Cash From Operating Activities | -$703.0K |
YoY Change | -73.24% |
INVESTING ACTIVITIES | |
Capital Expenditures | $1.860M |
YoY Change | 618.15% |
Acquisitions | |
YoY Change | |
Other Investing Activities | $0.00 |
YoY Change | -100.0% |
Cash From Investing Activities | -$1.860M |
YoY Change | 894.65% |
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 |
YoY Change | -5.69% |
NET CHANGE | |
Cash From Operating Activities | -$703.0K |
Cash From Investing Activities | -$1.860M |
Cash From Financing Activities | -$497.0K |
Net Change In Cash | -$3.060M |
YoY Change | -8.41% |
FREE CASH FLOW | |
Cash From Operating Activities | -$703.0K |
Capital Expenditures | $1.860M |
Free Cash Flow | -$2.563M |
YoY Change | -11.19% |
Facts In Submission
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BRIDGFORD FOODS CORPORATION | |
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Depreciation Depletion And Amortization
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891000 | usd |
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751000 | usd |
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CY2024Q1 | BRID |
Increase Decrease In Inventories Net
IncreaseDecreaseInInventoriesNet
|
1298000 | usd |
CY2023Q1 | BRID |
Increase Decrease In Inventories Net
IncreaseDecreaseInInventoriesNet
|
1713000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1953000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1091000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-502000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
166000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
903000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
111000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1402000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-4563000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-1109000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-610000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
75000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-1376000 | usd |
CY2024Q1 | BRID |
Increase Decrease In Executive Retirement Pension Plans And Other
IncreaseDecreaseInExecutiveRetirementPensionPlansAndOther
|
-1350000 | usd |
CY2023Q1 | BRID |
Increase Decrease In Executive Retirement Pension Plans And Other
IncreaseDecreaseInExecutiveRetirementPensionPlansAndOther
|
-592000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-703000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2627000 | usd |
CY2024Q1 | BRID |
Promotional Allowances
PromotionalAllowances
|
4179000 | usd |
CY2023Q1 | BRID |
Promotional Allowances
PromotionalAllowances
|
3864000 | usd |
CY2024Q1 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
11861000 | usd |
CY2023Q4 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
12244000 | usd |
CY2024Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
2347000 | usd |
CY2023Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
1507000 | usd |
CY2024Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
25067000 | usd |
CY2023Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
26822000 | usd |
CY2024Q1 | us-gaap |
Inventory Net
InventoryNet
|
39275000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
72000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1860000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
259000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1860000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-187000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
327000 | usd |
CY2023Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
279000 | usd |
CY2024Q1 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
170000 | usd |
CY2023Q1 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
248000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-497000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-527000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-3060000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-3341000 | 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 |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
12648000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
12992000 | usd |
CY2024Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
8000 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
567000 | usd |
CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
171000 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
125000 | usd |
CY2024Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_840_eus-gaap--ConcentrationRiskCreditRisk_zY3arfhTmugb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline"><span id="xdx_86D_zVfqavgMba6j">Customer Concentration > 20% of AR or >10% of Sales</span></span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_894_eus-gaap--SchedulesOfConcentrationOfRiskByRiskFactorTextBlock_zZ87Vnj5Cgri" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The table below shows customers that accounted for more than 20% of consolidated accounts receivable (“AR”) or 10% of consolidated sales for the twelve weeks ended January 26, 2024, and January 20, 2023, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BF_zV3VEVGbJ3ab">Schedule of Customer Concentration</span></span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Walmart</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Dollar General</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Sales</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">AR</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Sales</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">AR</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%; text-align: left">January 26, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20231104__20240126__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--WalMartMember_ztQFjKasT8Z1" title="Concentration risk, percentage">28.4</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20231104__20240126__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--WalMartMember_zmbstz2ftmKi" title="Concentration risk, percentage">24.7</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20231104__20240126__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--DollarGeneralMember_zYNBsWA9pt06" title="Concentration risk, percentage">15.5</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20231104__20240126__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--DollarGeneralMember_zZXw1neAhs3a" title="Concentration risk, percentage">19.1</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">January 20, 2023</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20221029__20230120__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--WalMartMember_zq6P7QB2XS1h" title="Concentration risk, percentage">30.8</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20221029__20230120__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--WalMartMember_zS4J0FxtzHya" title="Concentration risk, percentage">35.2</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20221029__20230120__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--DollarGeneralMember_zztIp31WtBs4" title="Concentration risk, percentage">13.0</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20221029__20230120__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--DollarGeneralMember_zUFts7NTz486" title="Concentration risk, percentage">24.0</span></td><td style="text-align: left">%</td></tr> </table> <p id="xdx_8AB_zJ2Tj6XuZ9n" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2024Q1 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P12M | |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
40573000 | usd |
CY2024Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
111000 | usd |
CY2023Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
513000 | usd |
CY2024Q1 | us-gaap |
Lessee Finance Lease Description
LesseeFinanceLeaseDescription
|
The Company leased three long-haul trucks received during fiscal year 2019. The six-year leases for these trucks expire in fiscal year 2025. | |
CY2023Q2 | us-gaap |
Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
|
12000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
11000 | usd |
CY2023Q2 | us-gaap |
Lease Income
LeaseIncome
|
27000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
901000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
937000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
996000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
518000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
3352000 | usd |
CY2024Q1 | BRID |
Finance Lease Liability Amount Representing Executory Costs
FinanceLeaseLiabilityAmountRepresentingExecutoryCosts
|
17000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
1000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
3334000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
63000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
17000 | usd |
CY2024Q1 | BRID |
Finance Lease Right Of Use Asset Current
FinanceLeaseRightOfUseAssetCurrent
|
1032000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
2222000 | usd |
CY2024Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
54842000 | usd |
CY2024Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
38804000 | usd |
CY2024Q1 | us-gaap |
Gross Profit
GrossProfit
|
16038000 | usd |
CY2024Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
15027000 | usd |
CY2024Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1011000 | usd |
CY2024Q1 | us-gaap |
Assets
Assets
|
166755000 | usd |
CY2024Q1 | us-gaap |
Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
|
1860000 | usd |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
61622000 | usd |
CY2023Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
44556000 | usd |
CY2023Q1 | us-gaap |
Gross Profit
GrossProfit
|
17066000 | usd |
CY2023Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
15794000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
72000 | usd |
CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1344000 | usd |
CY2023Q1 | us-gaap |
Assets
Assets
|
169611000 | usd |
CY2023Q1 | us-gaap |
Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
|
259000 | usd |
CY2024Q1 | BRID |
Direct Store Delivery
DirectStoreDelivery
|
27986000 | usd |
CY2024Q1 | BRID |
Direct Customer Warehouse
DirectCustomerWarehouse
|
12457000 | usd |
CY2024Q1 | BRID |
Total Snack Food Products
TotalSnackFoodProducts
|
40443000 | usd |
CY2024Q1 | BRID |
Distributors
Distributors
|
14399000 | usd |
CY2024Q1 | BRID |
Total Frozen Food Products
TotalFrozenFoodProducts
|
14399000 | usd |
CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
54842000 | usd |
CY2023Q1 | BRID |
Direct Store Delivery
DirectStoreDelivery
|
34046000 | usd |
CY2023Q1 | BRID |
Direct Customer Warehouse
DirectCustomerWarehouse
|
13177000 | usd |
CY2023Q1 | BRID |
Total Snack Food Products
TotalSnackFoodProducts
|
47223000 | usd |
CY2023Q1 | BRID |
Distributors
Distributors
|
14399000 | usd |
CY2023Q1 | BRID |
Total Frozen Food Products
TotalFrozenFoodProducts
|
14399000 | usd |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
61622000 | usd |
CY2024Q1 | 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. | |
CY2024Q1 | us-gaap |
Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
|
358000 | usd |
CY2024Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.292 | pure |
CY2023Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.299 | pure |
CY2024Q1 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
510000 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
99000 | usd |
CY2021Q3 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
18653000 | usd |
CY2024Q1 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.0368 | pure |
CY2023Q4 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.0368 | pure |
CY2024Q1 | us-gaap |
Debt Instrument Maturity Date Range End1
DebtInstrumentMaturityDateRangeEnd1
|
2027-04-16 | |
CY2023 | us-gaap |
Debt Instrument Maturity Date Range End1
DebtInstrumentMaturityDateRangeEnd1
|
2027-04-16 | |
CY2024Q1 | us-gaap |
Debt Instrument Maturity Date Range Start1
DebtInstrumentMaturityDateRangeStart1
|
2022-04-17 | |
CY2023 | us-gaap |
Debt Instrument Maturity Date Range Start1
DebtInstrumentMaturityDateRangeStart1
|
2022-04-17 | |
CY2024Q1 | us-gaap |
Secured Debt
SecuredDebt
|
3660000 | usd |
CY2023Q4 | us-gaap |
Secured Debt
SecuredDebt
|
3831000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
3660000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
3831000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
1052000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
1045000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
2608000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
2786000 | usd |