10-K Filing

EACO CORP CIK: 784539 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001144204-13-064760`
Period End Date	20130831
Filing Date	20131129
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	eaco-20130831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 34 Cash Flow Statement 66 Stockholders Equity 14 Comprehensive Income 6

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.51M	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
Convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	36,000.00	shares	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$14.44M	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
Convertible preferred stock, liquidated (in dollars)	`PreferredStockLiquidationPreferenceValue`	$900.00K	USD	Point-in-time
Inventory, net	`InventoryNet`	$14.27M	USD	Point-in-time
Convertible preferred stock, liquidated (in dollars)	`PreferredStockLiquidationPreferenceValue`	$900.00K	USD	Point-in-time
Inventory, net	`InventoryNet`	$12.19M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	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
Marketable securities, trading	`TradingSecuritiesCurrent`	$1.40M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	8.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$464.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	8.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$598.00K	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleAtCarryingValue`	$1.86M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.86M	shares	Point-in-time
Assets held for sale	`AssetsHeldForSaleAtCarryingValue`	$460.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.86M	shares	Point-in-time
Deferred tax asset, current	`DeferredTaxAssetsNetCurrent`	$290.00K	USD	Point-in-time
Deferred tax asset, current	`DeferredTaxAssetsNetCurrent`	$21.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.69M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$548.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$548.00K	USD	Point-in-time
Real estate properties held for leasing, net	`RealEstatePropertiesHeldForLeasingNet`	$7.91M	USD	Point-in-time
Real estate properties held for leasing, net	`RealEstatePropertiesHeldForLeasingNet`	$7.28M	USD	Point-in-time
Equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$1.11M	USD	Point-in-time
Equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$1.40M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$2.11M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$1.71M	USD	Point-in-time
Other assets, principally deferred charges, net of accumulated amortization	`OtherAssetsMiscellaneousNoncurrent`	$1.11M	USD	Point-in-time
Other assets, principally deferred charges, net of accumulated amortization	`OtherAssetsMiscellaneousNoncurrent`	$850.00K	USD	Point-in-time
Total assets	`Assets`	$44.33M	USD	Point-in-time
Total assets	`Assets`	$44.48M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$9.52M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$9.31M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.48M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.88M	USD	Point-in-time
Liabilities of discontinued operations - short-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$146.00K	USD	Point-in-time
Liabilities of discontinued operations - short-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$146.00K	USD	Point-in-time
Liabilities of assets held for sale	`LiabilitiesOfAssetsHeldForSale`	$1.57M	USD	Point-in-time
Liabilities of assets held for sale	`LiabilitiesOfAssetsHeldForSale`	$362.00K	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	$463.00K	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	$172.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.88M	USD	Point-in-time
Liabilities of discontinued operations - long-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$2.57M	USD	Point-in-time
Liabilities of discontinued operations - long-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$2.41M	USD	Point-in-time
Deposit liability	`CustomerAdvancesOrDepositsNoncurrent`	$147.00K	USD	Point-in-time
Deposit liability	`CustomerAdvancesOrDepositsNoncurrent`	$87.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$12.54M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$11.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$26.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$29.44M	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, 2013 and 2012 (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, 2013 and 2012 (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, 2013 and 2012	`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, 2013 and 2012	`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`	$820.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$478.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.99M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.46M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$17.71M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$14.89M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$44.33M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$44.48M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$114.63M	USD	Annual
Revenues	`Revenues`	$120.43M	USD	Annual
Cost of revenues	`CostOfRevenue`	$86.60M	USD	Annual
Cost of revenues	`CostOfRevenue`	$82.66M	USD	Annual
Gross margin	`GrossProfit`	$31.97M	USD	Annual
Gross margin	`GrossProfit`	$33.83M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$30.13M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$27.65M	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$27.65M	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$30.13M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$3.70M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$4.32M	USD	Annual
Income on sale of trading securities	`TradingSecuritiesRealizedGainLoss`	$287.00K	USD	Annual
Income on sale of trading securities	`TradingSecuritiesRealizedGainLoss`	$10.00K	USD	Annual
Unrealized gain on trading securities	`TradingSecuritiesUnrealizedHoldingGainLoss`	$5.00K	USD	Annual
Unrealized gain on trading securities	`TradingSecuritiesUnrealizedHoldingGainLoss`	$207.00K	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfRealEstateDiscontinuedOperations`	$730.00K	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfRealEstateDiscontinuedOperations`	-	USD	Annual
Interest expense, net	`InterestExpense`	$717.00K	USD	Annual
Interest expense, net	`InterestExpense`	$584.00K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.86M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.10M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.68M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.31M	USD	Annual
Net income	`NetIncomeLoss`	$2.42M	USD	Annual
Net income	`NetIncomeLoss`	$2.55M	USD	Annual
Cumulative preferred stock dividend	`UndeclaredCumulativePreferredStockDividend`	$76.00K	USD	Annual
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`	$2.48M	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`	$0.51	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 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.42M	USD	Annual
Net income	`NetIncomeLoss`	$2.55M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$807.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$616.00K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$200.00K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$137.00K	USD	Annual
Change in inventory reserve	`InventoryWriteDown`	$204.00K	USD	Annual
Change in inventory reserve	`InventoryWriteDown`	$-48.00K	USD	Annual
Gain on sale of assets	`GainLossOnSaleOfProperty`	-	USD	Annual
Gain on sale of assets	`GainLossOnSaleOfProperty`	$730.00K	USD	Annual
Net gain on trading securities	`GainOnSaleOfInvestments`	$15.00K	USD	Annual
Net gain on trading securities	`GainOnSaleOfInvestments`	$494.00K	USD	Annual
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$602.00K	USD	Annual
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.82M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$2.04M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$1.00M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$124.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$93.00K	USD	Annual
Deferred tax asset	`IncreaseDecreaseInDeferredIncomeTaxes`	$-667.00K	USD	Annual
Deferred tax asset	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.28M	USD	Annual
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$50.00K	USD	Annual
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$1.41M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$398.00K	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$157.00K	USD	Annual
Deposit liability	`IncreaseDecreaseInCustomerDeposits`	-	USD	Annual
Deposit liability	`IncreaseDecreaseInCustomerDeposits`	$-60.00K	USD	Annual
Liabilities of discontinued operations	`IncreaseDecreaseInLiabilitiesOfDiscontinuedOperations`	$-142.00K	USD	Annual
Liabilities of discontinued operations	`IncreaseDecreaseInLiabilitiesOfDiscontinuedOperations`	$-157.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$680.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.89M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$573.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$756.00K	USD	Annual
(Purchase) sale of trading securities	`PaymentsToAcquireMarketableSecurities`	$1.18M	USD	Annual
(Purchase) sale of trading securities	`PaymentsToAcquireMarketableSecurities`	$-1.19M	USD	Annual
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.83M	USD	Annual
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	Annual
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-84.00K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$700.00K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$891.00K	USD	Annual
Net payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$971.00K	USD	Annual
Net payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$1.05M	USD	Annual
Bank overdraft	`RepaymentsOfBankDebt`	$427.00K	USD	Annual
Bank overdraft	`RepaymentsOfBankDebt`	$254.00K	USD	Annual
Payment of preferred dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$57.00K	USD	Annual
Payment of preferred dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$76.00K	USD	Annual
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$1.67M	USD	Annual
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$779.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.31M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.97M	USD	Annual
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$342.00K	USD	Annual
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-76.00K	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.06M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.20M	USD	Annual
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	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`	$1.51M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	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`	$1.51M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$815.00K	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`	$276.00K	USD	Annual
Note receivable issued in connection with sale of real estate properties	`NotesAssumed1`	$350.00K	USD	Annual
Note receivable issued in connection with sale of real estate properties	`NotesAssumed1`	-	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.89M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.61M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.71M	USD	Point-in-time
Preferred dividends	`DividendsPreferredStock`	$76.00K	USD	Annual
Preferred dividends	`DividendsPreferredStock`	$57.00K	USD	Annual
Net income	`NetIncomeLoss`	$2.42M	USD	Annual
Net income	`NetIncomeLoss`	$2.55M	USD	Annual
Foreign translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$342.00K	USD	Annual
Foreign translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-76.00K	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.89M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.34M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.89M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.61M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.71M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.42M	USD	Annual
Net income	`NetIncomeLoss`	$2.55M	USD	Annual
Foreign translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-76.00K	USD	Annual
Foreign translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$342.00K	USD	Annual
Total comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$2.89M	USD	Annual
Total comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$2.34M	USD	Annual

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