10-K Filing

INGLES MARKETS INC CIK: 50493 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001193125-11-328924`
Period End Date	20110930
Filing Date	20111202
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	imkta-20110924.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 43 Cash Flow Statement 80 Stockholders Equity 16

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.85M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$524.46K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.42M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$596.22K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$59.54M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Certificates of deposit	`CertificatesOfDepositAtCarryingValue`	$6.00M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Receivables (less allowance for doubtful accounts of $524,460-2011 and $596,220-2010)	`ReceivablesNetCurrent`	$56.84M	USD	Point-in-time
Receivables (less allowance for doubtful accounts of $524,460-2011 and $596,220-2010)	`ReceivablesNetCurrent`	$53.08M	USD	Point-in-time
Inventories	`InventoryNet`	$303.17M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$286.43M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$16.94M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$19.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$422.97M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$389.36M	USD	Point-in-time
Land	`Land`	$302.93M	USD	Point-in-time
Land	`Land`	$301.24M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$50.49M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$65.74M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$851.54M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$811.28M	USD	Point-in-time
Store, office and warehouse equipment	`FurnitureAndFixturesGross`	$688.51M	USD	Point-in-time
Store, office and warehouse equipment	`FurnitureAndFixturesGross`	$633.44M	USD	Point-in-time
Transportation equipment	`TransportationEquipmentGross`	$43.22M	USD	Point-in-time
Transportation equipment	`TransportationEquipmentGross`	$40.76M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$53.98M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$55.84M	USD	Point-in-time
Total	`PropertyPlantAndEquipmentGross`	$1.89B	USD	Point-in-time
Total	`PropertyPlantAndEquipmentGross`	$2.01B	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$872.71M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$803.66M	USD	Point-in-time
Property and equipment-net	`PropertyPlantAndEquipmentNet`	$1.09B	USD	Point-in-time
Property and equipment-net	`PropertyPlantAndEquipmentNet`	$1.13B	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsNoncurrent`	$75.73M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$20.05M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$20.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.62B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.53B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$92.18M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$34.38M	USD	Point-in-time
Accounts payable-trade	`AccountsPayableTradeCurrent`	$166.80M	USD	Point-in-time
Accounts payable-trade	`AccountsPayableTradeCurrent`	$141.69M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$85.10M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$89.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$290.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$318.97M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$67.94M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$72.21M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$725.31M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$820.74M	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$6.78M	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$7.23M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.12B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.19B	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.05 par value; 10,000,000 shares authorized; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.05 par value; 10,000,000 shares authorized; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapital`	$117.59M	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapital`	$116.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$313.88M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$290.26M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$431.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$381.85M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$409.08M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$394.30M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.53B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.62B	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$3.39B	USD	Annual
Net sales	`SalesRevenueGoodsNet`	$3.56B	USD	Annual
Net sales	`SalesRevenueGoodsNet`	$3.25B	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$2.51B	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$2.77B	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$2.63B	USD	Annual
Gross profit	`GrossProfit`	$791.88M	USD	Annual
Gross profit	`GrossProfit`	$762.93M	USD	Annual
Gross profit	`GrossProfit`	$743.08M	USD	Annual
Operating and administrative expenses	`OperatingExpenses`	$677.89M	USD	Annual
Operating and administrative expenses	`OperatingExpenses`	$633.93M	USD	Annual
Operating and administrative expenses	`OperatingExpenses`	$655.19M	USD	Annual
Rental income, net	`RentalIncomeNonoperating`	$1.85M	USD	Annual
Rental income, net	`RentalIncomeNonoperating`	$1.77M	USD	Annual
Rental income, net	`RentalIncomeNonoperating`	$2.43M	USD	Annual
Gain (loss) from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$-54.97K	USD	Annual
Gain (loss) from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$120.05K	USD	Annual
Gain (loss) from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$2.68M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$118.52M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$109.45M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$111.70M	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$4.16M	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$2.31M	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$4.22M	USD	Annual
Interest expense	`InterestExpense`	$59.06M	USD	Annual
Interest expense	`InterestExpense`	$61.97M	USD	Annual
Interest expense	`InterestExpense`	$64.85M	USD	Annual
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-10.24M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$60.71M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$44.71M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$48.82M	USD	Annual
Current	`CurrentIncomeTaxExpenseBenefit`	$27.60M	USD	Annual
Current	`CurrentIncomeTaxExpenseBenefit`	$12.85M	USD	Annual
Current	`CurrentIncomeTaxExpenseBenefit`	$602.00K	USD	Annual
Deferred	`DeferredIncomeTaxExpenseBenefit`	$5.12M	USD	Annual
Deferred	`DeferredIncomeTaxExpenseBenefit`	$16.18M	USD	Annual
Deferred	`DeferredIncomeTaxExpenseBenefit`	$-5.95M	USD	Annual
Total income taxes	`IncomeTaxExpenseBenefit`	$21.65M	USD	Annual
Total income taxes	`IncomeTaxExpenseBenefit`	$16.78M	USD	Annual
Total income taxes	`IncomeTaxExpenseBenefit`	$17.98M	USD	Annual
Net income	`NetIncomeLoss`	$30.84M	USD	Annual
Net income	`NetIncomeLoss`	$27.93M	USD	Annual
Net income	`NetIncomeLoss`	$39.06M	USD	Annual

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$30.84M	USD	Annual
Net income	`NetIncomeLoss`	$27.93M	USD	Annual
Net income	`NetIncomeLoss`	$39.06M	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$79.68M	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$84.93M	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$85.41M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-10.24M	USD	Annual
(Gain) loss from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$-54.97K	USD	Annual
(Gain) loss from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$120.05K	USD	Annual
(Gain) loss from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$2.68M	USD	Annual
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$2.68M	USD	Annual
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$3.21M	USD	Annual
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$2.25M	USD	Annual
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-4.15M	USD	Annual
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-3.21M	USD	Annual
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-2.99M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.12M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$16.18M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-5.95M	USD	Annual
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$3.76M	USD	Annual
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$2.68M	USD	Annual
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$3.13M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$13.07M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$14.69M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$16.74M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$16.86M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-3.76M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$289.36K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.95M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.95M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$18.48M	USD	Annual
Net Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$97.23M	USD	Annual
Net Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$102.91M	USD	Annual
Net Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$125.29M	USD	Annual
Purchase of certificates of deposit	`PaymentsToAcquireInvestments`	$17.50M	USD	Annual
Purchase of certificates of deposit	`PaymentsToAcquireInvestments`	$3.50M	USD	Annual
Proceeds from maturities of certificates of deposit	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$15.00M	USD	Annual
Proceeds from maturities of certificates of deposit	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$6.00M	USD	Annual
Purchases of restricted investments	`PaymentsToAcquireRestrictedInvestments`	$95.74M	USD	Annual
Proceeds from sales of restricted investments	`ProceedsFromSaleOfRestrictedInvestments`	$20.01M	USD	Annual
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$3.15M	USD	Annual
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$1.12M	USD	Annual
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$1.43M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$97.51M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$92.03M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$141.02M	USD	Annual
Net Cash Used By Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-79.09M	USD	Annual
Net Cash Used By Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-157.40M	USD	Annual
Net Cash Used By Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-164.09M	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$212.18M	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$528.07M	USD	Annual
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$555.82M	USD	Annual
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$212.18M	USD	Annual
Proceeds from issuance of bonds	`ProceedsFromIssuanceOfLongTermDebt`	$555.15M	USD	Annual
Bond issuance costs	`PaymentsOfDebtIssuanceCosts`	$11.79M	USD	Annual
Proceeds from new long-term debt	`ProceedsFromIssuanceOfOtherLongTermDebt`	$75.40M	USD	Annual
Proceeds from new long-term debt	`ProceedsFromIssuanceOfOtherLongTermDebt`	$137.27M	USD	Annual
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$458.85M	USD	Annual
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$31.82M	USD	Annual
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$99.65M	USD	Annual
Prepayment penalties on debt extinguishment	`PaymentsOfDebtExtinguishmentCosts`	$6.83M	USD	Annual
Stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$750.24K	USD	Annual
Stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$593.20K	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$15.44M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$15.47M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$15.48M	USD	Annual
Net Cash Provided (Used) By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$21.43M	USD	Annual
Net Cash Provided (Used) By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-47.88M	USD	Annual
Net Cash Provided (Used) By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$109.85M	USD	Annual
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$55.36M	USD	Annual
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.68M	USD	Annual
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-45.43M	USD	Annual
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$4.18M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$57.85M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$12.42M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$59.54M	USD	Point-in-time
Cash and Cash Equivalents at End of Year	`CashAndCashEquivalentsAtCarryingValue`	$4.18M	USD	Point-in-time
Cash and Cash Equivalents at End of Year	`CashAndCashEquivalentsAtCarryingValue`	$57.85M	USD	Point-in-time
Cash and Cash Equivalents at End of Year	`CashAndCashEquivalentsAtCarryingValue`	$12.42M	USD	Point-in-time
Cash and Cash Equivalents at End of Year	`CashAndCashEquivalentsAtCarryingValue`	$59.54M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$431.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$381.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$409.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$394.30M	USD	Point-in-time
Net income	`NetIncomeLoss`	$30.84M	USD	Annual
Net income	`NetIncomeLoss`	$27.93M	USD	Annual
Net income	`NetIncomeLoss`	$39.06M	USD	Annual
Cash dividends	`PaymentsOfDividendsCommonStock`	$15.44M	USD	Annual
Cash dividends	`PaymentsOfDividendsCommonStock`	$15.47M	USD	Annual
Cash dividends	`PaymentsOfDividendsCommonStock`	$15.48M	USD	Annual
Stock repurchases, at cost	`StockRepurchasedDuringPeriodValue`	$593.20K	USD	Annual
Stock repurchases, at cost	`StockRepurchasedDuringPeriodValue`	$750.24K	USD	Annual
Balance	`StockholdersEquity`	$431.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$381.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$409.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$394.30M	USD	Point-in-time

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