10-Q Filing

EACO CORP CIK: 784539 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-019897`
Period End Date	20180228
Filing Date	20180410
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	eaco-20180228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 61 Cash Flow Statement 60 Comprehensive Income 12

Balance Sheet 66 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
Convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	36,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.29M	USD	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`	$5.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.87M	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
Restricted cash, current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$617.00K	USD	Point-in-time
Restricted cash, current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$707.00K	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$21.34M	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
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$24.48M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	8.00M	shares	Point-in-time
Inventory, net	`InventoryNet`	$26.79M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	8.00M	shares	Point-in-time
Inventory, net	`InventoryNet`	$28.43M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.86M	shares	Point-in-time
Marketable securities, trading	`TradingSecurities`	$2.19M	USD	Point-in-time
Marketable securities, trading	`TradingSecurities`	$1.60M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.86M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.37M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.35M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$55.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$60.37M	USD	Point-in-time
Property, equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$9.26M	USD	Point-in-time
Property, equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$9.97M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.88M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$867.00K	USD	Point-in-time
Total assets	`Assets`	$72.22M	USD	Point-in-time
Total assets	`Assets`	$65.78M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$13.36M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$17.02M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$3.35M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$4.54M	USD	Point-in-time
Liability for short sales of trading securities	`OtherLiabilitiesCurrent`	$707.00K	USD	Point-in-time
Liability for short sales of trading securities	`OtherLiabilitiesCurrent`	$617.00K	USD	Point-in-time
Current portion of long-term debt	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$139.00K	USD	Point-in-time
Current portion of long-term debt	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$139.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.13M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$12.19M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$13.68M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$36.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$34.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$30.95M	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`	$747.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$814.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$24.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$21.66M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$34.83M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$37.38M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$72.22M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$65.78M	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$37.28M	USD	1 Quarter
Revenues	`Revenues`	$87.21M	USD	2 Qtrs
Revenues	`Revenues`	$74.49M	USD	2 Qtrs
Revenues	`Revenues`	$45.04M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$26.71M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$53.36M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$32.59M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$62.58M	USD	2 Qtrs
Gross margin	`GrossProfit`	$24.63M	USD	2 Qtrs
Gross margin	`GrossProfit`	$10.57M	USD	1 Quarter
Gross margin	`GrossProfit`	$21.13M	USD	2 Qtrs
Gross margin	`GrossProfit`	$12.45M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.31M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$20.82M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.48M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$18.70M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$2.43M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.26M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.81M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.97M	USD	1 Quarter
Net gain (loss) on trading securities	`TradingSecuritiesRealizedGainLoss`	$251.00K	USD	2 Qtrs
Net gain (loss) on trading securities	`TradingSecuritiesRealizedGainLoss`	$-126.00K	USD	2 Qtrs
Net gain (loss) on trading securities	`TradingSecuritiesRealizedGainLoss`	$-23.00K	USD	1 Quarter
Net gain (loss) on trading securities	`TradingSecuritiesRealizedGainLoss`	$48.00K	USD	1 Quarter
Interest and other income (expense)	`InterestAndOtherIncomeExpenses`	$-231.00K	USD	2 Qtrs
Interest and other income (expense)	`InterestAndOtherIncomeExpenses`	$-35.00K	USD	2 Qtrs
Interest and other income (expense)	`InterestAndOtherIncomeExpenses`	$-130.00K	USD	1 Quarter
Interest and other income (expense)	`InterestAndOtherIncomeExpenses`	$-31.00K	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$-54.00K	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$-82.00K	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$-161.00K	USD	2 Qtrs
Total other (expense) income	`NonoperatingIncomeExpense`	$20.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.21M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.89M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.83M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.27M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$571.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.32M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$459.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$141.59M	USD	Point-in-time
Provision for income taxes	`IncomeTaxExpenseBenefit`	$861.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$748.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.51M	USD	2 Qtrs
Cumulative preferred stock dividend	`PreferredStockDividendsIncomeStatementImpact`	$38.00K	USD	2 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`	$38.00K	USD	2 Qtrs
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.37M	USD	2 Qtrs
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$729.00K	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.48M	USD	2 Qtrs
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.30M	USD	1 Quarter
Basic and diluted earnings per share:	`EarningsPerShareBasicAndDiluted`	$0.51	USD	2 Qtrs
Basic and diluted earnings per share:	`EarningsPerShareBasicAndDiluted`	$0.15	USD	1 Quarter
Basic and diluted earnings per share:	`EarningsPerShareBasicAndDiluted`	$0.27	USD	1 Quarter
Basic and diluted earnings per share:	`EarningsPerShareBasicAndDiluted`	$0.28	USD	2 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	2 Qtrs
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.86M	shares	2 Qtrs
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.86M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$748.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.51M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$498.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$359.00K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$44.00K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$62.00K	USD	2 Qtrs
Change in inventory reserve	`InventoryWriteDown`	$123.00K	USD	2 Qtrs
Change in inventory reserve	`InventoryWriteDown`	$81.00K	USD	2 Qtrs
Net (gain) loss on trading securities	`GainLossOnSaleOfInvestments`	$251.00K	USD	2 Qtrs
Net (gain) loss on trading securities	`GainLossOnSaleOfInvestments`	$-102.00K	USD	2 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$266.00K	USD	2 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.19M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$3.13M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$1.76M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.03M	USD	2 Qtrs
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-672.00K	USD	2 Qtrs
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$2.52M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-2.43M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.16M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.50M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.70M	USD	2 Qtrs
Purchase of property, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$898.00K	USD	2 Qtrs
Purchase of property, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.21M	USD	2 Qtrs
(Purchase) sale of marketable securities, trading	`PaymentsForProceedsFromInvestments`	$338.00K	USD	2 Qtrs
(Purchase) sale of marketable securities, trading	`PaymentsForProceedsFromInvestments`	$-212.00K	USD	2 Qtrs
Net change in securities sold short	`NetChangeInSecuritiesSoldShort`	$-90.00K	USD	2 Qtrs
Net change in securities sold short	`NetChangeInSecuritiesSoldShort`	$1.04M	USD	2 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-90.00K	USD	2 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$1.04M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.55M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-686.00K	USD	2 Qtrs
Borrowings on revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$1.52M	USD	2 Qtrs
Borrowings on revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$4.02M	USD	2 Qtrs
Preferred dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$38.00K	USD	2 Qtrs
Preferred dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$38.00K	USD	2 Qtrs
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$1.45M	USD	2 Qtrs
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$1.15M	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$35.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.60M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.42M	USD	2 Qtrs
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$67.00K	USD	2 Qtrs
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-119.00K	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-584.00K	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$123.00K	USD	2 Qtrs
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.29M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.88M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.00M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.87M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.29M	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`	$5.00M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.87M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$2.63M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$2.24M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$243.00K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$34.00K	USD	2 Qtrs

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$748.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.51M	USD	2 Qtrs
Foreign translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-81.00K	USD	1 Quarter
Foreign translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-119.00K	USD	2 Qtrs
Foreign translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-60.00K	USD	1 Quarter
Foreign translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$67.00K	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.58M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$688.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.24M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.29M	USD	2 Qtrs

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