2018 Q4 Form 10-Q Financial Statement

#000114420418056621 Filed on November 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4
Revenue $50.99M $48.69M
YoY Change 4.74% 25.5%
Cost Of Revenue $31.65M $31.50M
YoY Change 0.46% 10.51%
Gross Profit $19.35M $17.18M
YoY Change 12.59% 67.02%
Gross Profit Margin 37.94% 35.29%
Selling, General & Admin $6.856M $6.866M
YoY Change -0.15% 49.81%
% of Gross Profit 35.44% 39.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $930.0K $980.0K
YoY Change -5.1% 0.0%
% of Gross Profit 4.81% 5.7%
Operating Expenses $6.856M $6.866M
YoY Change -0.15% 49.81%
Operating Profit $5.017M $5.144M
YoY Change -2.47% 36.41%
Interest Expense $35.00K $200.0K
YoY Change -82.5% -5.21%
% of Operating Profit 0.7% 3.89%
Other Income/Expense, Net $7.000K -$6.000K
YoY Change -216.67% -117.14%
Pretax Income $5.106M $4.537M
YoY Change 12.54% -20.82%
Income Tax $1.531M $1.419M
% Of Pretax Income 29.98% 31.28%
Net Earnings $3.580M $7.459M
YoY Change -52.0% 115.39%
Net Earnings / Revenue 7.02% 15.32%
Basic Earnings Per Share $0.25 $0.52
Diluted Earnings Per Share $0.25 $0.52
COMMON SHARES
Basic Shares Outstanding 14.44M shares 14.37M shares
Diluted Shares Outstanding 14.47M shares 14.40M shares

Balance Sheet

Concept 2018 Q4 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.10M $1.600M
YoY Change 593.75% 13.64%
Cash & Equivalents $2.824M $1.572M
Short-Term Investments
Other Short-Term Assets $2.000K $0.00
YoY Change
Inventory $39.12M $35.16M
Prepaid Expenses $4.151M $3.414M
Receivables $40.68M $39.35M
Other Receivables $0.00 $500.0K
Total Short-Term Assets $87.86M $80.26M
YoY Change 9.47% 6.13%
LONG-TERM ASSETS
Property, Plant & Equipment $15.50M $14.29M
YoY Change 8.48% 4.17%
Goodwill $26.38M $21.55M
YoY Change 22.43% 0.43%
Intangibles $19.79M $19.69M
YoY Change 0.48% -5.59%
Long-Term Investments $0.00 $19.60M
YoY Change -100.0% 1.55%
Other Assets $0.00 $42.00K
YoY Change -100.0% -48.15%
Total Long-Term Assets $61.66M $75.85M
YoY Change -18.7% 0.94%
TOTAL ASSETS
Total Short-Term Assets $87.86M $80.26M
Total Long-Term Assets $61.66M $75.85M
Total Assets $149.5M $156.1M
YoY Change -4.21% 3.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.500M $9.900M
YoY Change -4.04% 2.06%
Accrued Expenses $11.07M $14.00M
YoY Change -20.9% 9.42%
Deferred Revenue $413.0K
YoY Change
Short-Term Debt $0.00 $1.250M
YoY Change -100.0% 0.0%
Long-Term Debt Due $0.00 $1.300M
YoY Change -100.0% 4.0%
Total Short-Term Liabilities $16.70M $19.54M
YoY Change -14.53% 6.1%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $21.87M
YoY Change -100.0% -9.58%
Other Long-Term Liabilities $1.094M $553.0K
YoY Change 97.83%
Total Long-Term Liabilities $1.094M $22.42M
YoY Change -95.12% -7.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.70M $19.54M
Total Long-Term Liabilities $1.094M $22.42M
Total Liabilities $21.21M $44.44M
YoY Change -52.28% -9.41%
SHAREHOLDERS EQUITY
Retained Earnings $113.9M $99.91M
YoY Change 13.99% 8.97%
Common Stock $14.44M $14.37M
YoY Change 0.47% 0.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $128.3M $111.7M
YoY Change
Total Liabilities & Shareholders Equity $149.5M $156.1M
YoY Change -4.21% 3.54%

Cashflow Statement

Concept 2018 Q4 2017 Q4
OPERATING ACTIVITIES
Net Income $3.580M $7.459M
YoY Change -52.0% 115.39%
Depreciation, Depletion And Amortization $930.0K $980.0K
YoY Change -5.1% 0.0%
Cash From Operating Activities -$1.660M -$450.0K
YoY Change 268.89% -81.78%
INVESTING ACTIVITIES
Capital Expenditures -$990.0K -$920.0K
YoY Change 7.61% 135.9%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$980.0K -$920.0K
YoY Change 6.52% -168.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.800M 740.0K
YoY Change -343.24% -65.9%
NET CHANGE
Cash From Operating Activities -1.660M -450.0K
Cash From Investing Activities -980.0K -920.0K
Cash From Financing Activities -1.800M 740.0K
Net Change In Cash -4.440M -630.0K
YoY Change 604.76% -160.58%
FREE CASH FLOW
Cash From Operating Activities -$1.660M -$450.0K
Capital Expenditures -$990.0K -$920.0K
Free Cash Flow -$670.0K $470.0K
YoY Change -242.55% -122.6%

Facts In Submission

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PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1401000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
32877000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3695000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
21873000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
44495000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
44994000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
43946000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
54000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
153000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
5410000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
4954000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-28312000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4100000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
9549000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
633000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1013000 USD
us-gaap Notes Assumed1
NotesAssumed1
0 USD
us-gaap Notes Assumed1
NotesAssumed1
50000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
165000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
152000 USD
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
13020000 USD
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
33705000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
1018000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
esca Gain On Insurance Proceeds Received For Damage To Property
GainOnInsuranceProceedsReceivedForDamageToProperty
241000 USD
esca Gain On Insurance Proceeds Received For Damage To Property
GainOnInsuranceProceedsReceivedForDamageToProperty
0 USD
CY2018Q2 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
33700000 USD
CY2018Q2 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
13000000 USD
CY2018Q4 us-gaap Assets
Assets
149836000 USD
CY2017Q4 us-gaap Assets
Assets
158247000 USD
CY2018Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.125
CY2018Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1800000 USD
CY2018Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.125
CY2018Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1800000 USD
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14440000 shares
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14367000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14417000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14347000 shares
CY2018Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
29000 shares
CY2017Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
33000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
30000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
33000 shares
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14469000 shares
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14447000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14380000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
69531 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
77600 shares
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
48181000 USD
CY2017Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
46781000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
138208000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
141119000 USD
CY2018Q4 us-gaap Product Warranty Expense
ProductWarrantyExpense
289000 USD
CY2017Q4 us-gaap Product Warranty Expense
ProductWarrantyExpense
245000 USD
us-gaap Product Warranty Expense
ProductWarrantyExpense
1090000 USD
us-gaap Product Warranty Expense
ProductWarrantyExpense
566000 USD
CY2018Q4 esca Sales Returns
SalesReturns
1315000 USD
CY2017Q4 esca Sales Returns
SalesReturns
1074000 USD
esca Sales Returns
SalesReturns
3513000 USD
esca Sales Returns
SalesReturns
3445000 USD
CY2018Q4 esca Sales Allowances
SalesAllowances
2622000 USD
CY2017Q4 esca Sales Allowances
SalesAllowances
2601000 USD
esca Sales Allowances
SalesAllowances
8817000 USD
esca Sales Allowances
SalesAllowances
8460000 USD
CY2018Q4 esca Sales Return And Allowances Goods
SalesReturnAndAllowancesGoods
4226000 USD
CY2017Q4 esca Sales Return And Allowances Goods
SalesReturnAndAllowancesGoods
3920000 USD
esca Sales Return And Allowances Goods
SalesReturnAndAllowancesGoods
13420000 USD
esca Sales Return And Allowances Goods
SalesReturnAndAllowancesGoods
12471000 USD
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
671000 USD
CY2018Q4 esca Increase Decrease In Contract Liability Excluding Revenue Recognised During Period
IncreaseDecreaseInContractLiabilityExcludingRevenueRecognisedDuringPeriod
0 USD
CY2017Q4 esca Increase Decrease In Contract Liability Excluding Revenue Recognised During Period
IncreaseDecreaseInContractLiabilityExcludingRevenueRecognisedDuringPeriod
0 USD
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0
CY2018Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.125
CY2018Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1800000 USD
CY2018Q4 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
259000 USD
CY2017Q4 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
0 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
0 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
0 USD
CY2018Q4 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-259000 USD
CY2017Q4 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
0 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
671000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
0 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
516000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
623000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
570000 USD
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000 shares
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
14439724 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
14371586 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
14370586 shares
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000 shares
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
14439724 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
14371586 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
14370586 shares
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Reclassifications </div></div><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">&#8211; Certain reclassifications have been made to prior year financial statements to conform to the current year financial statement presentation. These reclassifications had no effect on net earnings.</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2018Q4 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
600000 USD
us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
600000 USD
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2018-10-06
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Registrant Name
EntityRegistrantName
ESCALADE INC
dei Entity Central Index Key
EntityCentralIndexKey
0000033488
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-29
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Trading Symbol
TradingSymbol
ESCA
CY2018Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
14439724 shares
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Small Business
EntitySmallBusiness
true
CY2017 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
-3000000 USD

Files In Submission

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0001144204-18-056621-index-headers.html Edgar Link pending
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0001144204-18-056621.txt Edgar Link pending
0001144204-18-056621-xbrl.zip Edgar Link pending
esca-20181006.xml Edgar Link completed
esca-20181006.xsd Edgar Link pending
esca-20181006_cal.xml Edgar Link unprocessable
esca-20181006_def.xml Edgar Link unprocessable
esca-20181006_lab.xml Edgar Link unprocessable
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