2022 Q4 Form 10-Q Financial Statement

#000100528622000062 Filed on October 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $38.80M $43.36M
YoY Change -70.04% -66.34%
Cost Of Revenue $31.69M $37.53M
YoY Change -72.79% -66.27%
Gross Profit $7.108M $5.821M
YoY Change -45.29% -66.77%
Gross Profit Margin 18.32% 13.43%
Selling, General & Admin $10.77M $10.88M
YoY Change -22.13% -31.72%
% of Gross Profit 151.56% 186.96%
Research & Development $2.118M $2.048M
YoY Change -22.08% -27.53%
% of Gross Profit 29.8% 35.18%
Depreciation & Amortization $2.880M $5.009M
YoY Change -51.23% -0.89%
% of Gross Profit 40.52% 86.05%
Operating Expenses $15.01M $13.98M
YoY Change -69.99% -34.46%
Operating Profit -$7.906M -$8.157M
YoY Change -78.65% 114.21%
Interest Expense $4.219M $3.678M
YoY Change -2.63% -53.54%
% of Operating Profit
Other Income/Expense, Net -$336.0K -$180.0K
YoY Change -525.32% -265.14%
Pretax Income -$12.45M -$12.00M
YoY Change -69.84% 3.55%
Income Tax $4.000K $64.00K
% Of Pretax Income
Net Earnings -$12.45M -$12.06M
YoY Change -67.62% 27.3%
Net Earnings / Revenue -32.08% -27.83%
Basic Earnings Per Share -$0.42 -$0.41
Diluted Earnings Per Share -$0.42 -$0.41
COMMON SHARES
Basic Shares Outstanding 29.60M shares 29.60M shares
Diluted Shares Outstanding 29.63M shares 29.58M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.800M $4.222M
YoY Change 523.28% 191.78%
Cash & Equivalents $6.830M $4.222M
Short-Term Investments
Other Short-Term Assets $7.000M $7.157M
YoY Change -19.73% -25.38%
Inventory $77.52M $64.29M
Prepaid Expenses
Receivables $35.69M $40.93M
Other Receivables $0.00 $0.00
Total Short-Term Assets $127.1M $116.6M
YoY Change -17.75% -18.12%
LONG-TERM ASSETS
Property, Plant & Equipment $118.9M $129.0M
YoY Change -33.95% -28.5%
Goodwill $13.88M $13.88M
YoY Change -62.81% -79.99%
Intangibles $7.400M $8.400M
YoY Change -70.78% -66.84%
Long-Term Investments
YoY Change
Other Assets $2.605M $2.793M
YoY Change -19.57% -18.86%
Total Long-Term Assets $152.0M $169.2M
YoY Change -43.21% -44.2%
TOTAL ASSETS
Total Short-Term Assets $127.1M $116.6M
Total Long-Term Assets $152.0M $169.2M
Total Assets $279.1M $285.8M
YoY Change -33.89% -35.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.97M $16.37M
YoY Change -52.67% -64.69%
Accrued Expenses $20.00M $19.23M
YoY Change -0.03% -20.16%
Deferred Revenue $731.0K $803.0K
YoY Change -36.98% -33.96%
Short-Term Debt $48.00M $44.00M
YoY Change 14.29% 37.5%
Long-Term Debt Due $98.95M $2.704M
YoY Change
Total Short-Term Liabilities $195.7M $83.10M
YoY Change 60.06% -19.83%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $95.87M
YoY Change -100.0% -22.59%
Other Long-Term Liabilities $201.0K $199.0K
YoY Change -94.84% -93.59%
Total Long-Term Liabilities $201.0K $96.06M
YoY Change -99.84% -24.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $195.7M $83.10M
Total Long-Term Liabilities $201.0K $96.06M
Total Liabilities $204.9M $188.9M
YoY Change -22.95% -24.97%
SHAREHOLDERS EQUITY
Retained Earnings -$99.90M -$70.92M
YoY Change 969.81% -343.67%
Common Stock $30.00K $30.00K
YoY Change 3.45% 3.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $74.17M $96.90M
YoY Change
Total Liabilities & Shareholders Equity $279.1M $285.8M
YoY Change -33.89% -35.86%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$12.45M -$12.06M
YoY Change -67.62% 27.3%
Depreciation, Depletion And Amortization $2.880M $5.009M
YoY Change -51.23% -0.89%
Cash From Operating Activities -$2.950M -$1.533M
YoY Change -42.57% -284.48%
INVESTING ACTIVITIES
Capital Expenditures $3.250M $2.929M
YoY Change -163.76% -62.98%
Acquisitions
YoY Change
Other Investing Activities $0.00 $3.135M
YoY Change -93.21%
Cash From Investing Activities -$3.260M $206.0K
YoY Change -36.04% -99.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $27.00K
YoY Change -99.93%
Cash From Financing Activities 8.810M $3.906M
YoY Change -10.81% -110.03%
NET CHANGE
Cash From Operating Activities -2.950M -$1.533M
Cash From Investing Activities -3.260M $206.0K
Cash From Financing Activities 8.810M $3.906M
Net Change In Cash 2.600M $2.579M
YoY Change -830.34% 1596.71%
FREE CASH FLOW
Cash From Operating Activities -$2.950M -$1.533M
Capital Expenditures $3.250M $2.929M
Free Cash Flow -$6.200M -$4.462M
YoY Change 15400.0% -37.0%

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ShareBasedCompensation
620000 usd
CY2022Q3 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
43000 usd
CY2021Q3 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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CY2022Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
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CY2021Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
-92000 usd
CY2022Q3 lndc Discontinued Operations Credit Loss Expense Reversal
DiscontinuedOperationsCreditLossExpenseReversal
0 usd
CY2021Q3 lndc Discontinued Operations Credit Loss Expense Reversal
DiscontinuedOperationsCreditLossExpenseReversal
60000 usd
CY2022Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 usd
CY2021Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-16000 usd
CY2022Q3 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
18000 usd
CY2021Q3 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
70000 usd
CY2022Q3 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-7238000 usd
CY2021Q3 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-7997000 usd
CY2022Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2560000 usd
CY2021Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-248000 usd
CY2022Q3 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
761000 usd
CY2021Q3 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2697000 usd
CY2022Q3 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
581000 usd
CY2021Q3 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1517000 usd
CY2022Q3 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-2865000 usd
CY2021Q3 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-3131000 usd
CY2022Q3 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
183000 usd
CY2021Q3 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
2838000 usd
CY2022Q3 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-116000 usd
CY2021Q3 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
86000 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1533000 usd
CY2021Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
831000 usd
CY2022Q3 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
3135000 usd
CY2021Q3 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 usd
CY2022Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2929000 usd
CY2021Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7913000 usd
CY2022Q3 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 usd
CY2021Q3 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
45100000 usd
CY2022Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
CY2021Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1082000 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
206000 usd
CY2021Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
38269000 usd
CY2022Q3 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
27000 usd
CY2021Q3 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
41388000 usd
CY2022Q3 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
4000000 usd
CY2021Q3 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
8000000 usd
CY2022Q3 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
CY2021Q3 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
5000000 usd
CY2022Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
67000 usd
CY2021Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
428000 usd
CY2022Q3 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2021Q3 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
132000 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3906000 usd
CY2021Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-38948000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2579000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
152000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1643000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1295000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4222000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1447000 usd
CY2022Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2243000 usd
CY2021Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1994000 usd
CY2022Q3 lndc Number Of Product Category
NumberOfProductCategory
2 product
CY2022Q3 lndc Number Of Revenue Category
NumberOfRevenueCategory
3 revenue
CY2022Q3 us-gaap Fiscal Period
FiscalPeriod
The Company’s fiscal year is the 52- or 53-week period that ends on the last Sunday of May with quarters within each year ending on the last Sunday of August, November, and February; however, in instances where the last Sunday would result in a quarter being 12-weeks in length, the Company’s policy is to extend that quarter to the following Sunday. A 14th week is included in the fiscal year every five or six years to realign the Company’s fiscal quarters with calendar quarters.The results of operations for the three months ended August 28, 2022 are not necessarily indicative of the results that may be expected for an entire fiscal year because there is some seasonality in Curation Foods’ business and the order patterns of Lifecore’s customers which may lead to significant fluctuations in Landec’s quarterly results of operations.
CY2022Q3 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make certain estimates and judgments that affect the amounts reported in the financial statements and accompanying notes. The accounting estimates that require management’s most significant and subjective judgments include revenue recognition; loss contingencies; sales returns and credit losses; recognition and measurement of current and deferred income tax assets and liabilities; the assessment of recoverability of long-lived and indefinite lived assets (including intangible assets and goodwill), and inventory; and the valuation and recognition of stock-based compensation.</span></div><div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These estimates involve the consideration of complex factors and require management to make judgments. The analysis of historical and future trends can require extended periods of time to resolve and are subject to change from period to period. The actual results may differ from management’s estimates.</span></div>
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4222000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1643000 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1406000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1159000 usd
CY2022Q3 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
0 usd
CY2022Q2 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
0 usd
CY2021Q3 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
41000 usd
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
136000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4222000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1643000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1447000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1295000 usd
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
25266000 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
33029000 usd
CY2022Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
27402000 usd
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
24221000 usd
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
11617000 usd
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
9595000 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
64285000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
66845000 usd
CY2022Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
300000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
620000 usd
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
85000 usd
CY2021Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 usd
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
85000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
65000 usd
CY2022Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
65000 usd
CY2022Q3 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
1500000 usd
CY2022Q3 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
3600000 usd
CY2022Q2 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
1500000 usd
CY2022Q2 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
4000000.0 usd
CY2022Q3 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-300000 usd
CY2021Q1 us-gaap Insurance Recoveries
InsuranceRecoveries
1600000 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
725000 shares
CY2022Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
3600000 shares
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
785000 usd
CY2010Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000 usd
CY2022Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
3800000 usd
CY2022Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2021Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-12064000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-9477000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
29577000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
29424000 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29577000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29424000 shares
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.41
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.32
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1700000 usd
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.01
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.18
CY2022Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1100000 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1000000 usd
CY2022Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1000000 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
900000 usd
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
103712000 usd
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
103712000 usd
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
103712000 usd
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
103712000 usd
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5143000 usd
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5534000 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
98569000 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
98178000 usd
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
2704000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
599000 usd
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
95865000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
97579000 usd
CY2020Q4 lndc Number Of Credit Agreements
NumberOfCreditAgreements
2 creditagreement
CY2022Q3 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2022Q3 lndc Number Of Natural Food Brands
NumberOfNaturalFoodBrands
3 brand
CY2022Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
43355000 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
5821000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-12064000 usd
CY2022Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 usd
CY2022Q3 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
4602000 usd
CY2022Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
15000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
3678000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
64000 usd
CY2022Q3 lndc Corporate Overhead Expense Benefit
CorporateOverheadExpenseBenefit
0 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
41632000 usd
CY2021Q3 us-gaap Gross Profit
GrossProfit
10435000 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-7633000 usd
CY2021Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1844000 usd
CY2021Q3 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
2454000 usd
CY2021Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
27000 usd
CY2021Q3 us-gaap Interest Expense
InterestExpense
6678000 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1651000 usd
CY2021Q3 lndc Corporate Overhead Expense Benefit
CorporateOverheadExpenseBenefit
0 usd
CY2022Q3 us-gaap Restructuring Costs
RestructuringCosts
1047000 usd
us-gaap Restructuring Costs
RestructuringCosts
17825000 usd
CY2022Q3 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
23000000 usd

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