10-Q Filing

CHAMPION INDUSTRIES INC CIK: 19149 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000019149-13-000016`
Period End Date	20130131
Filing Date	20130315
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	chmp-20130131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 56 Cash Flow Statement 48

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.84M	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.77M	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$882.00K	USD	Point-in-time
Accounts receivable, net of allowance of $882,000 and $1,157,000	`AccountsReceivableNetCurrent`	$11.91M	USD	Point-in-time
Accounts receivable, net of allowance of $882,000 and $1,157,000	`AccountsReceivableNetCurrent`	$10.82M	USD	Point-in-time
Inventories	`InventoryNet`	$6.28M	USD	Point-in-time
Inventories	`InventoryNet`	$6.19M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$480.04K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$374.51K	USD	Point-in-time
Current portion assets held for sale/discontinued operations (see Note 12)	`DiscontinuedOperationAndHeldForSaleAssetsCurrent`	$2.71M	USD	Point-in-time
Current portion assets held for sale/discontinued operations (see Note 12)	`DiscontinuedOperationAndHeldForSaleAssetsCurrent`	$883.51K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.12M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$22.12M	USD	Point-in-time
Land	`Land`	$1.47M	USD	Point-in-time
Land	`Land`	$1.47M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$9.65M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$9.60M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$47.48M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$44.75M	USD	Point-in-time
Equipment under capital lease	`CapitalLeasedAssetsGross`	$72.53K	USD	Point-in-time
Equipment under capital lease	`CapitalLeasedAssetsGross`	$72.53K	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$4.07M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$4.01M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$2.85M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$2.87M	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$62.80M	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$65.57M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$49.04M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$51.16M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$13.76M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$14.41M	USD	Point-in-time
Goodwill	`Goodwill`	$1.23M	USD	Point-in-time
Goodwill	`Goodwill`	$12.97M	USD	Point-in-time
Goodwill	`Goodwill`	$3.46M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNoncurrentNet`	$122.93K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNoncurrentNet`	$324.69K	USD	Point-in-time
Other intangibles, net of accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$4.41M	USD	Point-in-time
Other intangibles, net of accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$4.49M	USD	Point-in-time
Trademark and masthead	`IndefiniteLivedTrademarks`	$2.09M	USD	Point-in-time
Trademark and masthead	`IndefiniteLivedTrademarks`	$2.09M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$75.65K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$75.12K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$7.93M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$10.43M	USD	Point-in-time
Total assets	`Assets`	$47.97M	USD	Point-in-time
Total assets	`Assets`	$43.82M	USD	Point-in-time
Total assets	`Assets`	$80.05M	USD	Point-in-time
Notes payable, line of credit (see Note 5)	`LinesOfCreditCurrent`	$8.43M	USD	Point-in-time
Notes payable, line of credit (see Note 5)	`LinesOfCreditCurrent`	$8.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.68M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$934.53K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$764.01K	USD	Point-in-time
Accrued payroll and commissions	`EmployeeRelatedLiabilitiesCurrent`	$942.49K	USD	Point-in-time
Accrued payroll and commissions	`EmployeeRelatedLiabilitiesCurrent`	$1.35M	USD	Point-in-time
Taxes accrued and withheld	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$1.03M	USD	Point-in-time
Taxes accrued and withheld	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$1.02M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.19M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.99M	USD	Point-in-time
Current portion liabilities held for sale/discontinued operations (see Note 5 and Note 12)	`DiscontinuedOperationAndHeldForSaleLiabilitiesCurrent`	$883.51K	USD	Point-in-time
Current portion liabilities held for sale/discontinued operations (see Note 5 and Note 12)	`DiscontinuedOperationAndHeldForSaleLiabilitiesCurrent`	$2.71M	USD	Point-in-time
Debt discount (see Note 5)	`DebtInstrumentUnamortizedDiscount`	$1.29M	USD	Point-in-time
Debt discount (see Note 5)	`DebtInstrumentUnamortizedDiscount`	$875.06K	USD	Point-in-time
Notes payable (see Note 5)	`NotesPayableCurrent`	$27.81M	USD	Point-in-time
Notes payable (see Note 5)	`NotesPayableCurrent`	$27.48M	USD	Point-in-time
Capital lease obligations (see Note 5)	`CapitalLeaseObligationsCurrent`	$13.01K	USD	Point-in-time
Capital lease obligations (see Note 5)	`CapitalLeaseObligationsCurrent`	$13.21K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$46.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$46.69M	USD	Point-in-time
Notes payable - related party (see Note 5)	`NotesPayableRelatedPartiesNoncurrent`	$2.50M	USD	Point-in-time
Notes payable - related party (see Note 5)	`NotesPayableRelatedPartiesNoncurrent`	$2.50M	USD	Point-in-time
Notes payable (see Note 5)	`LongTermNotesPayable`	$99.29K	USD	Point-in-time
Notes payable (see Note 5)	`LongTermNotesPayable`	$57.40K	USD	Point-in-time
Capital lease obligations (see Note 5)	`CapitalLeaseObligationsNoncurrent`	$53.00K	USD	Point-in-time
Capital lease obligations (see Note 5)	`CapitalLeaseObligationsNoncurrent`	$52.70K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.95K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.50K	USD	Point-in-time
Total liabilities	`Liabilities`	$49.34M	USD	Point-in-time
Total liabilities	`Liabilities`	$48.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$23.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$23.87M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-40.09M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-36.55M	USD	Point-in-time
Total shareholders' (deficit)	`StockholdersEquity`	$-4.92M	USD	Point-in-time
Total shareholders' (deficit)	`StockholdersEquity`	$-1.38M	USD	Point-in-time
Total liabilities and shareholders' (deficit)	`LiabilitiesAndStockholdersEquity`	$47.97M	USD	Point-in-time
Total liabilities and shareholders' (deficit)	`LiabilitiesAndStockholdersEquity`	$43.82M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Printing	`PrintingRevenues`	$14.46M	USD	1 Quarter
Printing	`PrintingRevenues`	$11.85M	USD	1 Quarter
Office products and office furniture	`SalesRevenueGoodsNet`	$7.21M	USD	1 Quarter
Office products and office furniture	`SalesRevenueGoodsNet`	$8.19M	USD	1 Quarter
Newspaper	`Newspaper`	$3.87M	USD	1 Quarter
Newspaper	`Newspaper`	$3.55M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$26.53M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$22.61M	USD	1 Quarter
Printing	`PrintingCosts`	$8.85M	USD	1 Quarter
Printing	`PrintingCosts`	$10.54M	USD	1 Quarter
Office products and office furniture	`CostOfGoodsSold`	$4.94M	USD	1 Quarter
Office products and office furniture	`CostOfGoodsSold`	$5.74M	USD	1 Quarter
Newspaper cost of sales & operating costs	`NewspaperCostOfSalesAndOperatingCosts`	$2.17M	USD	1 Quarter
Newspaper cost of sales & operating costs	`NewspaperCostOfSalesAndOperatingCosts`	$2.12M	USD	1 Quarter
Total cost of sales & newspaper operating costs	`CostOfGoodsAndServicesSold`	$18.45M	USD	1 Quarter
Total cost of sales & newspaper operating costs	`CostOfGoodsAndServicesSold`	$15.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$8.07M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.70M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.43M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.17M	USD	1 Quarter
Goodwill impairment	`RestructuringSettlementAndImpairmentProvisions`	-	USD	1 Quarter
Goodwill impairment	`RestructuringSettlementAndImpairmentProvisions`	$2.23M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-1.70M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$644.75K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$6.14K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$20.76K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.54M	USD	1 Quarter
Interest expense	`InterestExpense`	$792.40K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$9.62K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$4.13K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-1.55M	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-794.40K	USD	1 Quarter
(Loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.25M	USD	1 Quarter
(Loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-149.66K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefitContinuingOperations`	$-66.69K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefitContinuingOperations`	-	USD	1 Quarter
Net (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-3.25M	USD	1 Quarter
Net (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-82.97K	USD	1 Quarter
(Loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-291.25K	USD	1 Quarter
(Loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-3.02K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-3.54M	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-85.99K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-3.54M	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-85.99K	USD	1 Quarter
Basic and diluted (loss) from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Basic and diluted (loss) from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.29	USD	1 Quarter
Basic and diluted (loss) from discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted (loss) from discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Total (loss) per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Total (loss) per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.31	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.30M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.30M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.30M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.30M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-3.54M	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-85.99K	USD	1 Quarter
Net (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-291.25K	USD	1 Quarter
Net (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-3.02K	USD	1 Quarter
Net (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-3.25M	USD	1 Quarter
Net (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-82.97K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$945.71K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$794.53K	USD	1 Quarter
(Gain) on sale of assets	`GainLossOnDispositionOfAssets`	$9.25K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$536.00	USD	1 Quarter
Deferred financing costs / debt discount	`AmortizationOfFinancingCosts`	$110.00K	USD	1 Quarter
Deferred financing costs / debt discount	`AmortizationOfFinancingCosts`	$614.23K	USD	1 Quarter
Accrued deferred fee	`AccruedDeferredFee`	$260.70K	USD	1 Quarter
Deferred income tax	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Goodwill impairment	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$2.23M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.08M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$89.07K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-105.53K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.62M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$170.52K	USD	1 Quarter
Accrued payroll and commissions	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-408.58K	USD	1 Quarter
Taxes accrued and withheld	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-14.10K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-199.78K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-450.00	USD	1 Quarter
Net cash provided by operating activities continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.91M	USD	1 Quarter
Net cash provided by operating activities discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$93.01K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.00M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$73.60K	USD	1 Quarter
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$9.25K	USD	1 Quarter
Proceeds from assets held for sale	`ProceedsFromSaleOfPropertyHeldForSale`	$816.67K	USD	1 Quarter
Other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$538.00	USD	1 Quarter
Net cash provided by (used in) investing activities continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$751.78K	USD	1 Quarter
Net cash provided by (used in) investing activities discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$408.33K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.16M	USD	1 Quarter
Net borrowings of notes payable	`ProceedsFromLongTermLinesOfCredit`	-	USD	1 Quarter
Net payment of notes payable	`RepaymentsOfLongTermLinesOfCredit`	-	USD	1 Quarter
Proceeds from term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Principal payments on term debt	`RepaymentsOfLongTermDebt`	$1.83M	USD	1 Quarter
Principal payments on term debt	`RepaymentsOfLongTermDebt`	$1.42M	USD	1 Quarter
Decrease in negative book cash balances	`IncreaseDecreaseInBookOverdrafts`	-	USD	1 Quarter
Net cash used in financing activities continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.83M	USD	1 Quarter
Net cash used in financing activities discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-408.33K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.24M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.92M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.84M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.77M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.84M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.77M	USD	Point-in-time

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