10-Q Filing

CHAMPION INDUSTRIES INC CIK: 19149 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000019149-12-000028`
Period End Date	20120131
Filing Date	20120312
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	chmp-20120131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 44 Cash Flow Statement 64

Balance Sheet 94 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.06M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$29.69K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$933.00K	USD	Point-in-time
Accounts receivable, net of allowance of $1,061,000 and $933,000	`AccountsReceivableNetCurrent`	$18.78M	USD	Point-in-time
Accounts receivable, net of allowance of $1,061,000 and $933,000	`AccountsReceivableNetCurrent`	$16.45M	USD	Point-in-time
Inventories	`InventoryNet`	$9.25M	USD	Point-in-time
Inventories	`InventoryNet`	$8.90M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Income tax refund	`IncomeTaxesReceivable`	$9.29K	USD	Point-in-time
Income tax refund	`IncomeTaxesReceivable`	$9.29K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.34M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$572.10K	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$864.11K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	11.30M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	11.30M	shares	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$864.11K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	11.30M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	11.30M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$29.12M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.95M	USD	Point-in-time
Land	`Land`	$1.88M	USD	Point-in-time
Land	`Land`	$1.88M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$11.88M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$11.88M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$55.34M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$55.15M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$4.25M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$4.27M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$3.21M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$3.19M	USD	Point-in-time
Property and equipment gross	`PropertyPlantAndEquipmentGross`	$76.55M	USD	Point-in-time
Property and equipment gross	`PropertyPlantAndEquipmentGross`	$76.36M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$56.61M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$57.44M	USD	Point-in-time
Property and equipment net	`PropertyPlantAndEquipmentNet`	$19.11M	USD	Point-in-time
Property and equipment net	`PropertyPlantAndEquipmentNet`	$19.76M	USD	Point-in-time
Goodwill	`Goodwill`	$12.97M	USD	Point-in-time
Goodwill	`Goodwill`	$12.97M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNoncurrentNet`	$720.32K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNoncurrentNet`	$830.32K	USD	Point-in-time
Other intangibles, net of accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$4.70M	USD	Point-in-time
Other intangibles, net of accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$4.78M	USD	Point-in-time
Trademark and masthead	`IndefiniteLivedTrademarks`	$3.65M	USD	Point-in-time
Trademark and masthead	`IndefiniteLivedTrademarks`	$3.65M	USD	Point-in-time
Deferred tax asset, net of current portion	`DeferredTaxAssetsNetNoncurrent`	$10.89M	USD	Point-in-time
Deferred tax asset, net of current portion	`DeferredTaxAssetsNetNoncurrent`	$10.92M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$26.06K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$24.77K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$32.99M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$33.15M	USD	Point-in-time
Total assets	`Assets`	$80.05M	USD	Point-in-time
Total assets	`Assets`	$82.02M	USD	Point-in-time
Notes payable, line of credit	`LinesOfCreditCurrent`	$9.73M	USD	Point-in-time
Notes payable, line of credit	`LinesOfCreditCurrent`	$9.73M	USD	Point-in-time
Negative book cash balances	`BankOverdrafts`	$1.15M	USD	Point-in-time
Negative book cash balances	`BankOverdrafts`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.94M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$985.22K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$737.75K	USD	Point-in-time
Accrued payroll and commissions	`EmployeeRelatedLiabilitiesCurrent`	$1.74M	USD	Point-in-time
Accrued payroll and commissions	`EmployeeRelatedLiabilitiesCurrent`	$1.49M	USD	Point-in-time
Taxes accrued and withheld	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$1.40M	USD	Point-in-time
Taxes accrued and withheld	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$1.20M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.15M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$38.63M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$35.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$60.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$56.91M	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$291.63K	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$431.00K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesNoncurrent`	-	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesNoncurrent`	$2.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.30K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.75K	USD	Point-in-time
Total liabilities	`Liabilities`	$61.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$59.21M	USD	Point-in-time
Common stock, $1 par value, 20,000,000 shares authorized; 11,299,528 shares issued and outstanding	`CommonStockValue`	$11.30M	USD	Point-in-time
Common stock, $1 par value, 20,000,000 shares authorized; 11,299,528 shares issued and outstanding	`CommonStockValue`	$11.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$23.27M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$23.27M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-13.64M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-13.72M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$20.84M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$20.93M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$82.02M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$80.05M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Printing	`PrintingRevenues`	$19.56M	USD	1 Quarter
Printing	`PrintingRevenues`	$19.55M	USD	1 Quarter
Office products and office furniture	`SalesRevenueGoodsNet`	$8.19M	USD	1 Quarter
Office products and office furniture	`SalesRevenueGoodsNet`	$8.34M	USD	1 Quarter
Newspaper	`Newspaper`	$3.86M	USD	1 Quarter
Newspaper	`Newspaper`	$3.94M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$31.60M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$31.84M	USD	1 Quarter
Printing	`PrintingCosts`	$15.12M	USD	1 Quarter
Printing	`PrintingCosts`	$14.36M	USD	1 Quarter
Office products and office furniture	`CostOfGoodsSold`	$6.10M	USD	1 Quarter
Office products and office furniture	`CostOfGoodsSold`	$5.74M	USD	1 Quarter
Newspaper cost of sales and operating costs	`NewspaperCostOfSalesAndOperatingCosts`	$2.11M	USD	1 Quarter
Newspaper cost of sales and operating costs	`NewspaperCostOfSalesAndOperatingCosts`	$2.17M	USD	1 Quarter
Total cost of sales and newspaper operating costs	`CostOfGoodsAndServicesSold`	$23.33M	USD	1 Quarter
Total cost of sales and newspaper operating costs	`CostOfGoodsAndServicesSold`	$22.27M	USD	1 Quarter
Gross profit	`GrossProfit`	$8.51M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.33M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.63M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.22M	USD	1 Quarter
Restructuring charges	`RestructuringSettlementAndImpairmentProvisions`	$220.66K	USD	1 Quarter
Restructuring charges	`RestructuringSettlementAndImpairmentProvisions`	-	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$700.84K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.07M	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$6.14K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$24.92K	USD	1 Quarter
Interest expense	`InterestExpense`	$943.90K	USD	1 Quarter
Interest expense	`InterestExpense`	$860.32K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$16.68K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$16.27K	USD	1 Quarter
Total Other income (expense)	`NonoperatingIncomeExpense`	$-952.14K	USD	1 Quarter
Total Other income (expense)	`NonoperatingIncomeExpense`	$-850.18K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$120.14K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-149.35K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-63.36K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$46.92K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$73.22K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-85.99K	USD	1 Quarter
Basic and Diluted (in dollars per share)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic and Diluted (in dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.99M	shares	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.30M	shares	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	-	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	-	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$73.22K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-85.99K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$975.87K	USD	1 Quarter
(Gain) on sale of assets	`GainLossOnDispositionOfAssets`	$2.46K	USD	1 Quarter
(Gain) on sale of assets	`GainLossOnDispositionOfAssets`	$1.24K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-30.26K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Deferred financing costs	`AmortizationOfFinancingCosts`	$105.53K	USD	1 Quarter
Deferred financing costs	`AmortizationOfFinancingCosts`	$110.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$21.50K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$150.78K	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$249.51K	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$51.15K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.18M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$350.97K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-402.07K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$723.76K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$771.04K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$611.15K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.01M	USD	1 Quarter
Accrued payroll and commission	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-624.37K	USD	1 Quarter
Accrued payroll and commission	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-250.06K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$51.52K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$247.47K	USD	1 Quarter
Taxes accrued and withheld	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$199.66K	USD	1 Quarter
Taxes accrued and withheld	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-85.53K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$65.91K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.16M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-153.72K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-450.00	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-450.00	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.83M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-359.60K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$238.32K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$150.55K	USD	1 Quarter
Proceeds from sales of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$24.33K	USD	1 Quarter
Proceeds from sales of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$18.36K	USD	1 Quarter
Change in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.29K	USD	1 Quarter
Change in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.29K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-124.93K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-218.66K	USD	1 Quarter
Borrowing on line of credit	`ProceedsFromLongTermLinesOfCredit`	$20.00K	USD	1 Quarter
Borrowing on line of credit	`ProceedsFromLongTermLinesOfCredit`	$14.86M	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLongTermLinesOfCredit`	$20.00K	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLongTermLinesOfCredit`	$14.16M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$1.42M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$1.40M	USD	1 Quarter
Change in negative book cash balances	`ChangeInNegativeBookCashBalances`	$1.15M	USD	1 Quarter
Change in negative book cash balances	`ChangeInNegativeBookCashBalances`	$-1.19M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$484.53K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.58M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$29.69K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.69K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.69K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time

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