10-Q Filing

EACO CORP CIK: 784539 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-036896`
Period End Date	20170531
Filing Date	20170717
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	eaco-20170531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 60 Cash Flow Statement 60 Comprehensive Income 12

Balance Sheet 64 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`	$4.88M	USD	Point-in-time
Convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	36,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.34M	USD	Point-in-time
Convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	36,000.00	shares	Point-in-time
Restricted cash, current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.43M	USD	Point-in-time
Convertible preferred stock, liquidated (in dollars)	`PreferredStockLiquidationPreferenceValue`	$900.00K	USD	Point-in-time
Restricted cash, current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.68M	USD	Point-in-time
Convertible preferred stock, liquidated (in dollars)	`PreferredStockLiquidationPreferenceValue`	$900.00K	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$18.80M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$19.15M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	8.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	8.00M	shares	Point-in-time
Inventory, net	`InventoryNet`	$26.02M	USD	Point-in-time
Inventory, net	`InventoryNet`	$21.53M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.86M	shares	Point-in-time
Marketable securities, trading	`TradingSecurities`	$540.00K	USD	Point-in-time
Marketable securities, trading	`TradingSecurities`	$113.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.86M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.08M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$48.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$53.45M	USD	Point-in-time
Property, equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$9.15M	USD	Point-in-time
Property, equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$1.40M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$896.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$890.00K	USD	Point-in-time
Total assets	`Assets`	$63.50M	USD	Point-in-time
Total assets	`Assets`	$50.59M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$12.82M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$12.73M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$5.60M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$3.61M	USD	Point-in-time
Liability for short sales of trading securities	`OtherLiabilitiesCurrent`	$1.68M	USD	Point-in-time
Liability for short sales of trading securities	`OtherLiabilitiesCurrent`	$1.43M	USD	Point-in-time
Current portion of long-term debt	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$139.00K	USD	Point-in-time
Current portion of long-term debt	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.25M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$11.78M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$30.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$19.75M	USD	Point-in-time
Convertible preferred stock, $0.01 par value per share; 10,000,000 shares authorized; 36,000 shares outstanding (liquidation value $900)	`PreferredStockValue`	$1.00K	USD	Point-in-time
Convertible preferred stock, $0.01 par value per share; 10,000,000 shares authorized; 36,000 shares outstanding (liquidation value $900)	`PreferredStockValue`	$1.00K	USD	Point-in-time
Common stock, $0.01 par value per share; 8,000,000 shares authorized; 4,861,590 shares outstanding	`CommonStockValue`	$49.00K	USD	Point-in-time
Common stock, $0.01 par value per share; 8,000,000 shares authorized; 4,861,590 shares outstanding	`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`	$727.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$730.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$17.68M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$20.31M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$33.47M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$30.84M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$63.50M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$50.59M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$114.77M	USD	3 Qtrs
Revenues	`Revenues`	$108.76M	USD	3 Qtrs
Revenues	`Revenues`	$39.88M	USD	1 Quarter
Revenues	`Revenues`	$40.28M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$82.12M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$28.76M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$28.13M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$76.93M	USD	3 Qtrs
Gross margin	`GrossProfit`	$11.74M	USD	1 Quarter
Gross margin	`GrossProfit`	$32.65M	USD	3 Qtrs
Gross margin	`GrossProfit`	$11.52M	USD	1 Quarter
Gross margin	`GrossProfit`	$31.83M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$27.52M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$28.36M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.30M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.66M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$4.29M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$4.31M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.86M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.44M	USD	1 Quarter
Net gain on trading securities	`TradingSecuritiesRealizedGainLoss`	$24.00K	USD	1 Quarter
Net gain on trading securities	`TradingSecuritiesRealizedGainLoss`	$303.00K	USD	1 Quarter
Net gain on trading securities	`TradingSecuritiesRealizedGainLoss`	$177.00K	USD	3 Qtrs
Net gain on trading securities	`TradingSecuritiesRealizedGainLoss`	$195.00K	USD	3 Qtrs
Interest and other (expense)	`InterestIncomeExpenseNet`	$-76.00K	USD	3 Qtrs
Interest and other (expense)	`InterestIncomeExpenseNet`	$-14.00K	USD	3 Qtrs
Interest and other (expense)	`InterestIncomeExpenseNet`	$-40.00K	USD	1 Quarter
Interest and other (expense)	`InterestIncomeExpenseNet`	$-10.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$101.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$181.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$263.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$14.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.46M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.49M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.39M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.13M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$848.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.71M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.64M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$836.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.69M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.85M	USD	3 Qtrs
Cumulative preferred stock dividend	`PreferredStockDividendsIncomeStatementImpact`	$57.00K	USD	3 Qtrs
Cumulative preferred stock dividend	`PreferredStockDividendsIncomeStatementImpact`	$19.00K	USD	1 Quarter
Cumulative preferred stock dividend	`PreferredStockDividendsIncomeStatementImpact`	$19.00K	USD	1 Quarter
Cumulative preferred stock dividend	`PreferredStockDividendsIncomeStatementImpact`	$57.00K	USD	3 Qtrs
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.63M	USD	3 Qtrs
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.60M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.79M	USD	3 Qtrs
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.26M	USD	1 Quarter
Basic and diluted earnings per share	`EarningsPerShareBasicAndDiluted`	$0.54	USD	3 Qtrs
Basic and diluted earnings per share	`EarningsPerShareBasicAndDiluted`	$0.57	USD	3 Qtrs
Basic and diluted earnings per share	`EarningsPerShareBasicAndDiluted`	$0.33	USD	1 Quarter
Basic and diluted earnings per share	`EarningsPerShareBasicAndDiluted`	$0.26	USD	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.86M	shares	3 Qtrs
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.86M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.86M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.86M	shares	3 Qtrs

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.69M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.85M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$433.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$550.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$61.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$39.00K	USD	3 Qtrs
Change in inventory reserve	`InventoryWriteDown`	$178.00K	USD	3 Qtrs
Change in inventory reserve	`InventoryWriteDown`	$7.00K	USD	3 Qtrs
Net (gain) loss on investments	`GainLossOnSaleOfInvestments`	$-177.00K	USD	3 Qtrs
Net (gain) loss on investments	`GainLossOnSaleOfInvestments`	$195.00K	USD	3 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$413.00K	USD	3 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.83M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$3.00M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$4.50M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-52.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$151.00K	USD	3 Qtrs
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-981.00K	USD	3 Qtrs
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$2.14M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-745.00K	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.99M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.34M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.28M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.31M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$239.00K	USD	3 Qtrs
Sale of marketable securities, trading	`PaymentsForProceedsFromInvestments`	$-12.00K	USD	3 Qtrs
Sale of marketable securities, trading	`PaymentsForProceedsFromInvestments`	$-250.00K	USD	3 Qtrs
Net change in securities sold short	`NetChangeInSecuritiesSoldShort`	$-279.00K	USD	3 Qtrs
Net change in securities sold short	`NetChangeInSecuritiesSoldShort`	$257.00K	USD	3 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$257.00K	USD	3 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-279.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-227.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.06M	USD	3 Qtrs
Borrowings on revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$1.35M	USD	3 Qtrs
Borrowings on revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$6.51M	USD	3 Qtrs
Preferred dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$57.00K	USD	3 Qtrs
Preferred dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$57.00K	USD	3 Qtrs
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$1.07M	USD	3 Qtrs
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$1.25M	USD	3 Qtrs
Borrowings on long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	-	USD	3 Qtrs
Borrowings on long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$5.40M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$12.93M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.54M	USD	3 Qtrs
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$33.00K	USD	3 Qtrs
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.00K	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$529.00K	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$70.00K	USD	3 Qtrs
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.88M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.27M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.41M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.34M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.88M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.27M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.41M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.34M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$75.00K	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$8.00K	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$2.20M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$2.83M	USD	3 Qtrs

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.69M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.85M	USD	3 Qtrs
Foreign translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$100.00K	USD	1 Quarter
Foreign translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$33.00K	USD	3 Qtrs
Foreign translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-3.00K	USD	3 Qtrs
Foreign translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$116.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.72M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.68M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.88M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.39M	USD	1 Quarter

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