10-Q Filing

ORCHIDS PAPER PRODUCTS CO /DE CIK: 1324189 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001104659-11-026145`
Period End Date	20110331
Filing Date	20110505
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	tis-20110331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 33 Cash Flow Statement 46

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$175.00K	USD	Point-in-time
Accounts receivable, allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$175.00K	USD	Point-in-time
Deferred debt issuance costs, accumulated amortization (in dollars)	`AccumulatedAmortizationDeferredFinanceCosts`	$702.00K	USD	Point-in-time
Deferred debt issuance costs, accumulated amortization (in dollars)	`AccumulatedAmortizationDeferredFinanceCosts`	$686.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$142.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.49M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.23M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.49M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$642.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	7.49M	shares	Point-in-time
Accounts receivable, net of allowance of $175 in 2011 and 2010	`AccountsReceivableNetCurrent`	$6.76M	USD	Point-in-time
Accounts receivable, net of allowance of $175 in 2011 and 2010	`AccountsReceivableNetCurrent`	$6.16M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	7.49M	shares	Point-in-time
Inventories, net	`InventoryNet`	$7.59M	USD	Point-in-time
Inventories, net	`InventoryNet`	$7.85M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$9.52M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$9.52M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$3.95M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$538.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$521.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$790.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$28.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.66M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$114.32M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$115.04M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$20.52M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$22.25M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$93.81M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$92.79M	USD	Point-in-time
Deferred debt issuance costs, net of accumulated amortization of $702 in 2011 and $686 in 2010	`DeferredFinanceCostsNoncurrentNet`	$60.00K	USD	Point-in-time
Deferred debt issuance costs, net of accumulated amortization of $702 in 2011 and $686 in 2010	`DeferredFinanceCostsNoncurrentNet`	$76.00K	USD	Point-in-time
Total assets	`Assets`	$119.51M	USD	Point-in-time
Total assets	`Assets`	$122.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.19M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.27M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$3.51M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$8.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$10.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.71M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$16.30M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$16.61M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$17.95M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$18.10M	USD	Point-in-time
Common stock, $.001 par value, 25,000,000 shares authorized, 7,490,475 and 7,486,725 shares issued and outstanding in 2011 and 2010, respectively	`CommonStockValue`	$7.00K	USD	Point-in-time
Common stock, $.001 par value, 25,000,000 shares authorized, 7,490,475 and 7,486,725 shares issued and outstanding in 2011 and 2010, respectively	`CommonStockValue`	$7.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$39.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$38.92M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$30.67M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$30.54M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$69.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$69.55M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$122.57M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$119.51M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$21.04M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$22.68M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$17.18M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$19.97M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.71M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.86M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.58M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.74M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.13M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.13M	USD	1 Quarter
Interest expense	`InterestExpense`	$215.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$249.00K	USD	1 Quarter
Other income	`OtherIncome`	$14.00K	USD	1 Quarter
Other income	`OtherIncome`	$9.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$888.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.93M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$520.00K	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$38.00K	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$230.00K	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$45.00K	USD	1 Quarter
Total provision for income taxes	`IncomeTaxExpenseBenefit`	$565.00K	USD	1 Quarter
Total provision for income taxes	`IncomeTaxExpenseBenefit`	$268.00K	USD	1 Quarter
Net income	`ProfitLoss`	$620.00K	USD	1 Quarter
Net income	`ProfitLoss`	$1.36M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.39M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.49M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.73M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.71M	shares	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$620.00K	USD	1 Quarter
Net income	`ProfitLoss`	$1.36M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.75M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.14M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$15.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefitCashFlowImpact`	$45.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefitCashFlowImpact`	$230.00K	USD	1 Quarter
Stock option plan expense	`StockOptionPlanExpense`	$62.00K	USD	1 Quarter
Stock option plan expense	`StockOptionPlanExpense`	$109.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-88.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$602.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$850.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$258.00K	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-2.36M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-101.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-17.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.06M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$616.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.24M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$74.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.36M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.70M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.36M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$717.00K	USD	1 Quarter
Proceeds from the sale of investment securities	`ProceedsFromSaleOfShortTermInvestments`	$5.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-717.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.36M	USD	1 Quarter
Principal payments on long-term debt	`DebtInstrumentPeriodicPaymentPrincipal`	$-925.00K	USD	1 Quarter
Principal payments on long-term debt	`DebtInstrumentPeriodicPaymentPrincipal`	$-1.02M	USD	1 Quarter
Net repayments on revolving credit line	`LineOfCreditFacilityIncreaseDecreaseForPeriodNet`	$2.03M	USD	1 Quarter
Dividends paid to stockholders	`PaymentsOfDividendsCommonStock`	$749.00K	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$19.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-925.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.78M	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-590.00K	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-137.00K	USD	1 Quarter
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$142.00K	USD	Point-in-time
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$1.23M	USD	Point-in-time
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$642.00K	USD	Point-in-time
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$5.00K	USD	Point-in-time
Cash, ending	`CashAndCashEquivalentsAtCarryingValue`	$142.00K	USD	Point-in-time
Cash, ending	`CashAndCashEquivalentsAtCarryingValue`	$1.23M	USD	Point-in-time
Cash, ending	`CashAndCashEquivalentsAtCarryingValue`	$642.00K	USD	Point-in-time
Cash, ending	`CashAndCashEquivalentsAtCarryingValue`	$5.00K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$215.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$257.00K	USD	1 Quarter

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