10-K Filing

EACO CORP CIK: 784539 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001144204-18-061816`
Period End Date	20180831
Filing Date	20181128
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	eaco-20180831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 30 Cash Flow Statement 58 Stockholders Equity 12 Comprehensive Income 6

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
Convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	36,000.00	shares	Point-in-time
Convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	36,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.71M	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, liquidated (in dollars)	`PreferredStockLiquidationPreferenceValue`	$900.00	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$933.00K	USD	Point-in-time
Convertible preferred stock, liquidated (in dollars)	`PreferredStockLiquidationPreferenceValue`	$900.00	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$707.00K	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$26.28M	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventory, net	`InventoryNet`	$26.49M	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`	$30.53M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.86M	shares	Point-in-time
Marketable securities, trading	`TradingSecurities`	$1.60M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.86M	shares	Point-in-time
Marketable securities, trading	`TradingSecurities`	$2.85M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$452.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$64.88M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$54.45M	USD	Point-in-time
Property, equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$9.85M	USD	Point-in-time
Property, equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$9.26M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.57M	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`	$76.30M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$17.68M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$13.36M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$4.54M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$7.45M	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`	$933.00K	USD	Point-in-time
Current portion of long-term debt	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$146.00K	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`	$26.21M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$12.19M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$8.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$34.41M	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`	$928.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$28.53M	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`	$41.89M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$30.84M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$65.78M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$76.30M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$156.95M	USD	Annual
Revenues	`Revenues`	$193.28M	USD	Annual
Cost of revenues	`CostOfRevenue`	$112.18M	USD	Annual
Cost of revenues	`CostOfRevenue`	$138.25M	USD	Annual
Gross margin	`GrossProfit`	$55.03M	USD	Annual
Gross margin	`GrossProfit`	$44.77M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$38.45M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$44.70M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$6.32M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$10.32M	USD	Annual
Net gain on trading securities	`TradingSecuritiesRealizedGainLoss`	$208.00K	USD	Annual
Net gain on trading securities	`TradingSecuritiesRealizedGainLoss`	$273.00K	USD	Annual
Interest and other expense	`InterestIncomeExpenseNet`	$-477.00K	USD	Annual
Interest and other expense	`InterestIncomeExpenseNet`	$-181.00K	USD	Annual
Other (expense) income, net	`NonoperatingIncomeExpense`	$27.00K	USD	Annual
Other (expense) income, net	`NonoperatingIncomeExpense`	$-204.00K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.12M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.34M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.17M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.29M	USD	Annual
Net income	`NetIncomeLoss`	$6.95M	USD	Annual
Net income	`NetIncomeLoss`	$4.05M	USD	Annual
Cumulative preferred stock dividend	`PreferredStockDividendsIncomeStatementImpact`	$76.00K	USD	Annual
Cumulative preferred stock dividend	`PreferredStockDividendsIncomeStatementImpact`	$76.00K	USD	Annual
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.87M	USD	Annual
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.98M	USD	Annual
Basic and diluted earnings per common share:	`EarningsPerShareBasicAndDiluted`	$0.82	USD	Annual
Basic and diluted earnings per common share:	`EarningsPerShareBasicAndDiluted`	$1.41	USD	Annual
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.86M	shares	Annual
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.86M	shares	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.95M	USD	Annual
Net income	`NetIncomeLoss`	$4.05M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.01M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$785.00K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$96.00K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$106.00K	USD	Annual
Change in inventory reserve	`InventoryWriteDown`	$-156.00K	USD	Annual
Change in inventory reserve	`InventoryWriteDown`	$87.00K	USD	Annual
Net gain on trading securities	`GainLossOnSaleOfInvestments`	$208.00K	USD	Annual
Net gain on trading securities	`GainLossOnSaleOfInvestments`	$273.00K	USD	Annual
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.04M	USD	Annual
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.64M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$3.89M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$5.35M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$247.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$655.00K	USD	Annual
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$4.01M	USD	Annual
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-30.00K	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$2.90M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.03M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.48M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.95M	USD	Annual
Purchase of property, equipment, and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.65M	USD	Annual
Purchase of property, equipment, and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.60M	USD	Annual
Purchase of marketable securities, trading	`PaymentsForProceedsFromInvestments`	$977.00K	USD	Annual
Purchase of marketable securities, trading	`PaymentsForProceedsFromInvestments`	$848.00K	USD	Annual
Net change in liabilities for short sales of trading securities	`NetChangeInLiabilitiesForShortSalesOfTradingSecurities`	$-718.00K	USD	Annual
Net change in liabilities for short sales of trading securities	`NetChangeInLiabilitiesForShortSalesOfTradingSecurities`	$226.00K	USD	Annual
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-737.00K	USD	Annual
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$207.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.56M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.47M	USD	Annual
(Payments) borrowings on revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$6.97M	USD	Annual
(Payments) borrowings on revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$-3.85M	USD	Annual
Repayments on long-term debt	`RepaymentsOfLongTermDebtRealEstateHeldForSale`	$35.00K	USD	Annual
Repayments on long-term debt	`RepaymentsOfLongTermDebtRealEstateHeldForSale`	$128.00K	USD	Annual
Preferred stock dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$76.00K	USD	Annual
Preferred stock dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$76.00K	USD	Annual
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$317.00K	USD	Annual
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$671.00K	USD	Annual
Borrowings on long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	-	USD	Annual
Borrowings on long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$5.40M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.74M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.93M	USD	Annual
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$181.00K	USD	Annual
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$17.00K	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.01M	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.17M	USD	Annual
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.71M	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 - end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.71M	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 paid for interest	`InterestPaidNet`	$182.00K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$466.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$2.06M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$2.83M	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$34.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$41.89M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.84M	USD	Point-in-time
Preferred dividends	`DividendsPreferredStock`	$76.00K	USD	Annual
Preferred dividends	`DividendsPreferredStock`	$76.00K	USD	Annual
Foreign translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$181.00K	USD	Annual
Foreign translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$17.00K	USD	Annual
Net income	`NetIncomeLoss`	$6.95M	USD	Annual
Net income	`NetIncomeLoss`	$4.05M	USD	Annual
Balance	`StockholdersEquity`	$34.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$41.89M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.84M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.95M	USD	Annual
Net income	`NetIncomeLoss`	$4.05M	USD	Annual
Foreign translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$181.00K	USD	Annual
Foreign translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$17.00K	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.07M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.13M	USD	Annual

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