10-K Filing

EACO CORP CIK: 784539 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001144204-12-064816`
Period End Date	20120831
Filing Date	20121126
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	eaco-20120831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 40 Cash Flow Statement 64 Stockholders Equity 14

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Convertible preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Convertible preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$13.97M	USD	Point-in-time
Convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	36,000.00	shares	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$12.35M	USD	Point-in-time
Convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	36,000.00	shares	Point-in-time
Inventory, net	`InventoryNet`	$12.19M	USD	Point-in-time
Inventory, net	`InventoryNet`	$11.39M	USD	Point-in-time
Convertible preferred stock, liquidated (in dollars)	`PreferredStockLiquidationPreferenceValue`	$900.00K	USD	Point-in-time
Convertible preferred stock, liquidated (in dollars)	`PreferredStockLiquidationPreferenceValue`	$900.00K	USD	Point-in-time
Marketable securities, trading	`TradingSecuritiesCurrent`	$892.00K	USD	Point-in-time
Marketable securities, trading	`TradingSecuritiesCurrent`	$197.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$464.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$320.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	8.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	8.00M	shares	Point-in-time
Assets held for sale	`AssetsHeldForSaleAtCarryingValue`	$1.62M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.86M	shares	Point-in-time
Assets held for sale	`AssetsHeldForSaleAtCarryingValue`	$1.52M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.86M	shares	Point-in-time
Deferred tax asset, current	`DeferredTaxAssetsNetCurrent`	$1.06M	USD	Point-in-time
Deferred tax asset, current	`DeferredTaxAssetsNetCurrent`	$290.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$29.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.20M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$632.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$548.00K	USD	Point-in-time
Real estate properties held for leasing, net	`RealEstatePropertiesHeldForLeasingNet`	$8.25M	USD	Point-in-time
Real estate properties held for leasing, net	`RealEstatePropertiesHeldForLeasingNet`	$8.46M	USD	Point-in-time
Equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$1.11M	USD	Point-in-time
Equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$972.00K	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$2.11M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$2.62M	USD	Point-in-time
Other assets, principally deferred charges, net of accumulated amortization	`OtherAssetsMiscellaneousNoncurrent`	$1.19M	USD	Point-in-time
Other assets, principally deferred charges, net of accumulated amortization	`OtherAssetsMiscellaneousNoncurrent`	$1.11M	USD	Point-in-time
Total assets	`Assets`	$42.88M	USD	Point-in-time
Total assets	`Assets`	$44.33M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$8.54M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$9.52M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.48M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.33M	USD	Point-in-time
Liabilities of discontinued operations - short-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$146.00K	USD	Point-in-time
Liabilities of discontinued operations - short-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$147.00K	USD	Point-in-time
Liabilities of assets held for sale	`LiabilitiesOfAssetsHeldForSale`	$1.14M	USD	Point-in-time
Liabilities of assets held for sale	`LiabilitiesOfAssetsHeldForSale`	$1.11M	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	$555.00K	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	$778.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.81M	USD	Point-in-time
Liabilities of discontinued operations - long-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$2.57M	USD	Point-in-time
Liabilities of discontinued operations - long-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$2.71M	USD	Point-in-time
Deposit liability	`CustomerAdvancesOrDepositsNoncurrent`	$147.00K	USD	Point-in-time
Deposit liability	`CustomerAdvancesOrDepositsNoncurrent`	$147.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$12.91M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$14.48M	USD	Point-in-time
Total liabilities	`Liabilities`	$29.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$30.27M	USD	Point-in-time
Convertible preferred stock, $0.01 par value per share; authorized 10,000,000 shares; 36,000 shares outstanding at August 31, 2012 and 2011 (liquidation value $900)	`PreferredStockValue`	$1.00K	USD	Point-in-time
Convertible preferred stock, $0.01 par value per share; authorized 10,000,000 shares; 36,000 shares outstanding at August 31, 2012 and 2011 (liquidation value $900)	`PreferredStockValue`	$1.00K	USD	Point-in-time
Common stock, $0.01 par value per share; authorized 8,000,000 shares; 4,861,590 shares outstanding at August 31, 2012 and 2011	`CommonStockValue`	$49.00K	USD	Point-in-time
Common stock, $0.01 par value per share; authorized 8,000,000 shares; 4,861,590 shares outstanding at August 31, 2012 and 2011	`CommonStockValue`	$49.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.38M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.38M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$478.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$554.00K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-376.00K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$1.99M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$14.89M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$12.61M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$42.88M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$44.33M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Distribution sales	`SalesRevenueNet`	$113.38M	USD	Annual
Distribution sales	`SalesRevenueNet`	$103.47M	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$74.86M	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$82.02M	USD	Annual
Gross margin	`GrossProfit`	$28.60M	USD	Annual
Gross margin	`GrossProfit`	$31.36M	USD	Annual
Rental revenue	`Revenues`	$1.24M	USD	Annual
Rental revenue	`Revenues`	$1.25M	USD	Annual
Cost of rental operations	`CostOfRevenue`	$641.00K	USD	Annual
Cost of rental operations	`CostOfRevenue`	$583.00K	USD	Annual
Gross income from rental operations	`GrossIncomeLossFromRentalOperations`	$609.00K	USD	Annual
Gross income from rental operations	`GrossIncomeLossFromRentalOperations`	$659.00K	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$27.65M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$25.03M	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$25.03M	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$27.65M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$4.32M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$4.23M	USD	Annual
Income on sale of trading securities	`TradingSecuritiesRealizedGainLoss`	$287.00K	USD	Annual
Income on sale of trading securities	`TradingSecuritiesRealizedGainLoss`	$313.00K	USD	Annual
Unrealized gain (loss) on trading securities	`TradingSecuritiesUnrealizedHoldingGainLoss`	$-172.00K	USD	Annual
Unrealized gain (loss) on trading securities	`TradingSecuritiesUnrealizedHoldingGainLoss`	$207.00K	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$3.00K	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$20.00K	USD	Annual
Interest expense	`InterestExpense`	$770.00K	USD	Annual
Interest expense	`InterestExpense`	$737.00K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.60M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.10M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.47M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.68M	USD	Annual
Net income	`NetIncomeLoss`	$2.42M	USD	Annual
Net income	`NetIncomeLoss`	$2.14M	USD	Annual
Undeclared cumulative preferred stock dividend	`UndeclaredCumulativePreferredStockDividend`	$-76.00K	USD	Annual
Undeclared cumulative preferred stock dividend	`UndeclaredCumulativePreferredStockDividend`	$-76.00K	USD	Annual
Net income available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.34M	USD	Annual
Net income available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.06M	USD	Annual
Basic and diluted net income per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.48	USD	Annual
Basic and diluted net income per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.42	USD	Annual
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.86M	shares	Annual
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.86M	shares	Annual

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.42M	USD	Annual
Net income	`NetIncomeLoss`	$2.14M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$752.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$807.00K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$165.00K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$200.00K	USD	Annual
Change in inventory reserve	`InventoryWriteDown`	-	USD	Annual
Change in inventory reserve	`InventoryWriteDown`	$204.00K	USD	Annual
Net gain on trading securities	`GainOnSaleOfInvestments`	$494.00K	USD	Annual
Net gain on trading securities	`GainOnSaleOfInvestments`	$342.00K	USD	Annual
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.82M	USD	Annual
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.40M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$1.38M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$1.00M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$127.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$124.00K	USD	Annual
Deferred tax asset	`IncreaseDecreaseInDeferredIncomeTaxes`	$-772.00K	USD	Annual
Deferred tax asset	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.28M	USD	Annual
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-1.57M	USD	Annual
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$1.41M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$502.00K	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$157.00K	USD	Annual
Liabilities of discontinued operations	`IncreaseDecreaseInLiabilitiesOfDiscontinuedOperations`	$-220.00K	USD	Annual
Liabilities of discontinued operations	`IncreaseDecreaseInLiabilitiesOfDiscontinuedOperations`	$-142.00K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-712.00K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.89M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$573.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$387.00K	USD	Annual
Sale of trading securities	`PaymentsToAcquireMarketableSecurities`	$-267.00K	USD	Annual
Sale of trading securities	`PaymentsToAcquireMarketableSecurities`	$-1.19M	USD	Annual
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-234.00K	USD	Annual
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-84.00K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$114.00K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$700.00K	USD	Annual
Net (payments) borrowings on revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$-1.05M	USD	Annual
Net (payments) borrowings on revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$-400.00K	USD	Annual
Bank overdraft	`ProceedsFromBankDebt`	$889.00K	USD	Annual
Bank overdraft	`ProceedsFromBankDebt`	$-427.00K	USD	Annual
Payment of preferred dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$57.00K	USD	Annual
Payment of preferred dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$228.00K	USD	Annual
Borrowings on long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	Annual
Borrowings on long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.00M	USD	Annual
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$779.00K	USD	Annual
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$470.00K	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$791.00K	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.31M	USD	Annual
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-85.00K	USD	Annual
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-76.00K	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.20M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$108.00K	USD	Annual
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.26M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.37M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.26M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.37M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$771.00K	USD	Annual
Cash paid for interest	`InterestPaid`	$742.00K	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	$451.00K	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	$258.00K	USD	Annual
Non cash transfer of equipment and leasehold improvements, net to assets held for sale	`NonCashTransferOfEquipmentAndLeaseholdImprovementsNetToAssetsHeldForSale`	$1.62M	USD	Annual
Non cash transfer of equipment and leasehold improvements, net to assets held for sale	`NonCashTransferOfEquipmentAndLeaseholdImprovementsNetToAssetsHeldForSale`	$1.52M	USD	Annual
Non cash transfer of long-term debt to liabilities of assets held for sale	`NonCashTransferOfLongTermDebtToLiabilitiesOfAssetsHeldForSale`	$1.11M	USD	Annual
Non cash transfer of long-term debt to liabilities of assets held for sale	`NonCashTransferOfLongTermDebtToLiabilitiesOfAssetsHeldForSale`	$1.14M	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.61M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.78M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.89M	USD	Point-in-time
Preferred dividends	`DividendsPreferredStock`	$-228.00K	USD	Annual
Preferred dividends	`DividendsPreferredStock`	$-57.00K	USD	Annual
Net income	`NetIncomeLoss`	$2.42M	USD	Annual
Net income	`NetIncomeLoss`	$2.14M	USD	Annual
Foreign translation loss	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-85.00K	USD	Annual
Foreign translation loss	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-76.00K	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.05M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.34M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.61M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.78M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.89M	USD	Point-in-time

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