10-Q Filing

INGLES MARKETS INC CIK: 50493 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-029575`
Period End Date	20111231
Filing Date	20120130
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	imkta-20111224.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 28 Cash Flow Statement 53 Stockholders Equity 14

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.42M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.84M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.36M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Receivables-net	`ReceivablesNetCurrent`	$56.84M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Receivables-net	`ReceivablesNetCurrent`	$70.14M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$303.17M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$299.18M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.94M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.92M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$389.36M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$396.08M	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.16B	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.13B	USD	Point-in-time
Restricted Investments	`RestrictedInvestmentsNoncurrent`	$43.14M	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`	$19.99M	USD	Point-in-time
Total Assets	`Assets`	$1.62B	USD	Point-in-time
Total Assets	`Assets`	$1.62B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$22.53M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$34.38M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$152.87M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$166.80M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$71.69M	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`	$247.08M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$67.94M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$66.55M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$820.74M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$859.97M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$7.71M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$7.23M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.19B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.18B	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`	$114.47M	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapital`	$116.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$320.62M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$313.88M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$412.33M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$409.08M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$431.95M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$436.30M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.62B	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.62B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$918.24M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$872.75M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$679.27M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$716.51M	USD	1 Quarter
Gross profit	`GrossProfit`	$193.48M	USD	1 Quarter
Gross profit	`GrossProfit`	$201.73M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$171.81M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$167.25M	USD	1 Quarter
Rental income, net	`RentalIncomeNonoperating`	$428.15K	USD	1 Quarter
Rental income, net	`RentalIncomeNonoperating`	$314.81K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$11.30K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$14.70K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$30.36M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$26.55M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.12M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$15.85M	USD	1 Quarter
Interest expense	`InterestExpense`	$15.01M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.82M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.36M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$8.04M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$6.03M	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$-2.27M	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$-1.86M	USD	1 Quarter
Total income taxes	`IncomeTaxExpenseBenefit`	$5.76M	USD	1 Quarter
Total income taxes	`IncomeTaxExpenseBenefit`	$4.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.60M	USD	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$7.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.60M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$20.95M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$22.12M	USD	1 Quarter
Gains on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$11.30K	USD	1 Quarter
Gains on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$14.70K	USD	1 Quarter
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$750.00K	USD	1 Quarter
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$750.00K	USD	1 Quarter
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-671.61K	USD	1 Quarter
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-900.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.27M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.86M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$13.30M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$6.95M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$3.24M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-3.99M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-116.55K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$190.34K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-13.41M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.81M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$7.37M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$20.54M	USD	1 Quarter
Proceeds from maturities of certificates of deposit	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$6.00M	USD	1 Quarter
Proceeds from sales of restricted assets	`ProceedsFromSaleOfRestrictedInvestments`	$32.59M	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$48.13K	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$11.25K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$63.69M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.67M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.09M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.62M	USD	1 Quarter
Proceeds from line of credit borrowings	`ProceedsFromLinesOfCredit`	$222.22M	USD	1 Quarter
Proceeds from line of credit borrowings	`ProceedsFromLinesOfCredit`	$62.98M	USD	1 Quarter
Payments on line of credit borrowings	`RepaymentsOfLinesOfCredit`	$62.98M	USD	1 Quarter
Payments on line of credit borrowings	`RepaymentsOfLinesOfCredit`	$178.05M	USD	1 Quarter
Proceeds from new long-term borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$3.25M	USD	1 Quarter
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$33.01M	USD	1 Quarter
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$20.05M	USD	1 Quarter
Stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$543.46K	USD	1 Quarter
Stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$2.38M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.86M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.86M	USD	1 Quarter
Net Cash Provided (Used) in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$21.14M	USD	1 Quarter
Net Cash Provided (Used) in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-37.42M	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.58M	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-36.50M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$57.85M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.42M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.84M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.36M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$57.85M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.42M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$9.84M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$21.36M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$412.33M	USD	Point-in-time
Balance	`StockholdersEquity`	$409.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$431.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$436.30M	USD	Point-in-time
Net income	`NetIncomeLoss`	$7.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.60M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$3.86M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$3.86M	USD	1 Quarter
Stock repurchases, at cost	`StockRepurchasedDuringPeriodValue`	$543.46K	USD	1 Quarter
Stock repurchases, at cost	`StockRepurchasedDuringPeriodValue`	$2.38M	USD	1 Quarter
Balance	`StockholdersEquity`	$412.33M	USD	Point-in-time
Balance	`StockholdersEquity`	$409.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$431.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$436.30M	USD	Point-in-time

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