10-Q Filing

EACO CORP CIK: 784539 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-038332`
Period End Date	20180531
Filing Date	20180713
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	eaco-20180531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 60 Cash Flow Statement 63 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.87M	USD	Point-in-time
Convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	36,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.41M	USD	Point-in-time
Convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	36,000.00	shares	Point-in-time
Restricted cash, current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$823.00K	USD	Point-in-time
Convertible preferred stock, liquidated (in dollars)	`PreferredStockLiquidationPreferenceValue`	$900.00K	USD	Point-in-time
Restricted cash, current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$707.00K	USD	Point-in-time
Convertible preferred stock, liquidated (in dollars)	`PreferredStockLiquidationPreferenceValue`	$900.00K	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$24.35M	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`	$21.34M	USD	Point-in-time
Inventory, net	`InventoryNet`	$26.49M	USD	Point-in-time
Inventory, net	`InventoryNet`	$29.47M	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.86M	shares	Point-in-time
Marketable securities, trading	`TradingSecurities`	$2.68M	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`	$452.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.86M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$62.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$54.45M	USD	Point-in-time
Property, equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$9.26M	USD	Point-in-time
Property, equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$9.93M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.07M	USD	Point-in-time
Total assets	`Assets`	$65.78M	USD	Point-in-time
Total assets	`Assets`	$73.98M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$16.61M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$13.36M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$4.82M	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`	$823.00K	USD	Point-in-time
Liability for short sales of trading securities	`OtherLiabilitiesCurrent`	$707.00K	USD	Point-in-time
Current portion of long-term debt	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$145.00K	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`	$22.40M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$12.19M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$11.82M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$51.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$30.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$34.28M	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`	$907.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$21.66M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$26.37M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$34.83M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$39.70M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$65.78M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$73.98M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$51.72M	USD	1 Quarter
Revenues	`Revenues`	$40.28M	USD	1 Quarter
Revenues	`Revenues`	$114.77M	USD	3 Qtrs
Revenues	`Revenues`	$138.94M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$28.76M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$82.12M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$36.65M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$99.23M	USD	3 Qtrs
Gross margin	`GrossProfit`	$11.52M	USD	1 Quarter
Gross margin	`GrossProfit`	$32.65M	USD	3 Qtrs
Gross margin	`GrossProfit`	$39.70M	USD	3 Qtrs
Gross margin	`GrossProfit`	$15.08M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.66M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$32.46M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$11.64M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$28.36M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.86M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.24M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$4.29M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$3.43M	USD	1 Quarter
Net (loss) gain on trading securities	`TradingSecuritiesRealizedGainLoss`	$303.00K	USD	1 Quarter
Net (loss) gain on trading securities	`TradingSecuritiesRealizedGainLoss`	$186.00K	USD	3 Qtrs
Net (loss) gain on trading securities	`TradingSecuritiesRealizedGainLoss`	$177.00K	USD	3 Qtrs
Net (loss) gain on trading securities	`TradingSecuritiesRealizedGainLoss`	$-65.00K	USD	1 Quarter
Interest and other income (expense)	`InterestAndOtherIncomeExpenses`	$-353.00K	USD	3 Qtrs
Interest and other income (expense)	`InterestAndOtherIncomeExpenses`	$-40.00K	USD	1 Quarter
Interest and other income (expense)	`InterestAndOtherIncomeExpenses`	$-76.00K	USD	3 Qtrs
Interest and other income (expense)	`InterestAndOtherIncomeExpenses`	$-122.00K	USD	1 Quarter
Other (expense) income, net	`NonoperatingIncomeExpense`	$263.00K	USD	1 Quarter
Other (expense) income, net	`NonoperatingIncomeExpense`	$-187.00K	USD	1 Quarter
Other (expense) income, net	`NonoperatingIncomeExpense`	$-167.00K	USD	3 Qtrs
Other (expense) income, net	`NonoperatingIncomeExpense`	$101.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.13M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.08M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.25M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.39M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.71M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.31M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$848.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$993.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.77M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.69M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.28M	USD	1 Quarter
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
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`	$4.71M	USD	3 Qtrs
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.23M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.26M	USD	1 Quarter
Basic and diluted earnings per common share:	`EarningsPerShareBasicAndDiluted`	$0.97	USD	3 Qtrs
Basic and diluted earnings per common share:	`EarningsPerShareBasicAndDiluted`	$0.46	USD	1 Quarter
Basic and diluted earnings per common share:	`EarningsPerShareBasicAndDiluted`	$0.26	USD	1 Quarter
Basic and diluted earnings per common share:	`EarningsPerShareBasicAndDiluted`	$0.54	USD	3 Qtrs
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	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

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.77M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.69M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.28M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$752.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$550.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$70.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$61.00K	USD	3 Qtrs
Change in inventory reserve	`InventoryWriteDown`	$7.00K	USD	3 Qtrs
Change in inventory reserve	`InventoryWriteDown`	$157.00K	USD	3 Qtrs
Net gain on trading securities	`GainLossOnSaleOfInvestments`	$177.00K	USD	3 Qtrs
Net gain on trading securities	`GainLossOnSaleOfInvestments`	$186.00K	USD	3 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$413.00K	USD	3 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.08M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$3.14M	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`	$1.23M	USD	3 Qtrs
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$3.08M	USD	3 Qtrs
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-981.00K	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$328.00K	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.99M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.52M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.70M	USD	3 Qtrs
Purchase of property, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.42M	USD	3 Qtrs
Purchase of property, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.31M	USD	3 Qtrs
(Purchase) sale of marketable securities, trading	`PaymentsForProceedsFromInvestments`	$-604.00K	USD	3 Qtrs
(Purchase) sale of marketable securities, trading	`PaymentsForProceedsFromInvestments`	$896.00K	USD	3 Qtrs
Net change in securities sold short	`NetChangeInSecuritiesSoldShort`	$116.00K	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`	$116.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.70M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.32M	USD	3 Qtrs
(Payments) borrowings on revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$-260.00K	USD	3 Qtrs
(Payments) 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`	$166.00K	USD	3 Qtrs
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$1.07M	USD	3 Qtrs
Borrowings of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	3 Qtrs
Borrowings of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$5.40M	USD	3 Qtrs
Borrowings of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$5.40M	USD	Point-in-time
Payments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$105.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-256.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.93M	USD	3 Qtrs
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$160.00K	USD	3 Qtrs
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.00K	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$529.00K	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-893.00K	USD	3 Qtrs
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.98M	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`	$3.87M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.41M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.98M	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`	$3.87M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.41M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$2.24M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$2.83M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$75.00K	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$375.00K	USD	3 Qtrs

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.77M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.69M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.28M	USD	1 Quarter
Foreign translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$116.00K	USD	1 Quarter
Foreign translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$93.00K	USD	1 Quarter
Foreign translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$160.00K	USD	3 Qtrs
Foreign translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-3.00K	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.35M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.39M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.93M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.68M	USD	3 Qtrs

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