10-Q Filing

KRISPY KREME DOUGHNUTS INC CIK: 1100270 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001206774-13-002133`
Period End Date	20130430
Filing Date	20130614
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	kkd-20130505.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 30 Cash Flow Statement 64 Stockholders Equity 18 Comprehensive Income 10

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$66.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.72M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$26.17M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$25.63M	USD	Point-in-time
Receivables from equity method franchisees	`DueFromRelatedPartiesCurrent`	$705.00K	USD	Point-in-time
Receivables from equity method franchisees	`DueFromRelatedPartiesCurrent`	$745.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventories	`InventoryNet`	$12.36M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventories	`InventoryNet`	$14.41M	USD	Point-in-time
Preferred stock, shares issued and outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares issued and outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$23.32M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$23.22M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.84M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.44M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$134.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$145.10M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$78.02M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$80.34M	USD	Point-in-time
Investments in equity method franchisees	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	-	USD	Point-in-time
Investments in equity method franchisees	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	-	USD	Point-in-time
Goodwill and other intangible assets	`GoodwillAndOtherIntangibleAssets`	$24.14M	USD	Point-in-time
Goodwill and other intangible assets	`GoodwillAndOtherIntangibleAssets`	$24.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNet`	$87.08M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNet`	$93.09M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$11.85M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.81M	USD	Point-in-time
Total assets	`Assets`	$347.48M	USD	Point-in-time
Total assets	`Assets`	$341.94M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$2.03M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$2.15M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.44M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$32.33M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$27.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$46.68M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$22.11M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$23.59M	USD	Point-in-time
Other long-term obligations and deferred credits	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$25.23M	USD	Point-in-time
Other long-term obligations and deferred credits	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$26.26M	USD	Point-in-time
Commitments and contingencies	`CommitmentAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentAndContingencies`	-	USD	Point-in-time
Preferred stock, no par value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, no par value	`PreferredStockValue`	-	USD	Point-in-time
Common stock, no par value	`CommonStockValue`	$354.07M	USD	Point-in-time
Common stock, no par value	`CommonStockValue`	$355.28M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-332.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-338.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-107.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-99.30M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$255.65M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$249.13M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$247.51M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$246.43M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$341.94M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$347.48M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$108.50M	USD	1 Quarter
Revenues	`Revenues`	$120.62M	USD	1 Quarter
Direct operating expenses (exclusive of depreciation and amortization expense shown below)	`DirectOperatingCosts`	$88.69M	USD	1 Quarter
Direct operating expenses (exclusive of depreciation and amortization expense shown below)	`DirectOperatingCosts`	$96.56M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.05M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.46M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$2.82M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$2.48M	USD	1 Quarter
Impairment charges and lease termination costs	`ImpairmentChargesAndLeaseTerminationCosts`	$31.00K	USD	1 Quarter
Impairment charges and lease termination costs	`ImpairmentChargesAndLeaseTerminationCosts`	$8.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$15.18M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$10.83M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$27.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$61.00K	USD	1 Quarter
Interest Expense	`InterestExpense`	$398.00K	USD	1 Quarter
Interest Expense	`InterestExpense`	$437.00K	USD	1 Quarter
Equity in losses of equity method franchisees	`IncomeLossFromEquityMethodInvestments`	$-53.00K	USD	1 Quarter
Equity in losses of equity method franchisees	`IncomeLossFromEquityMethodInvestments`	$-50.00K	USD	1 Quarter
Other non-operating income and (expense), net	`OtherNonoperatingIncomeExpense`	$78.00K	USD	1 Quarter
Other non-operating income and (expense), net	`OtherNonoperatingIncomeExpense`	$-5.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.49M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.75M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.75M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.00M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$2.82M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$2.48M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$6.11M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.23M	USD	1 Quarter
Accrued rent expense	`AccruedRentExpense`	$114.00K	USD	1 Quarter
Accrued rent expense	`AccruedRentExpense`	$217.00K	USD	1 Quarter
(Gain) loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$147.00K	USD	1 Quarter
(Gain) loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-229.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.38M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$946.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$52.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$48.00K	USD	1 Quarter
Amortization of deferred financing costs	`OtherAmortizationOfDeferredCharges`	$124.00K	USD	1 Quarter
Amortization of deferred financing costs	`OtherAmortizationOfDeferredCharges`	$103.00K	USD	1 Quarter
Equity in losses of equity method franchisees	`IncomeLossFromEquityMethodInvestments`	$-53.00K	USD	1 Quarter
Equity in losses of equity method franchisees	`IncomeLossFromEquityMethodInvestments`	$-50.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-67.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-173.00K	USD	1 Quarter
Cash provided by operations	`NetCashProvidedByUsedInOperatingActivitiesBeforeChangeInAssetsLiabilities`	$18.00M	USD	1 Quarter
Cash provided by operations	`NetCashProvidedByUsedInOperatingActivitiesBeforeChangeInAssetsLiabilities`	$14.60M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$155.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$495.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.13M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-482.00K	USD	1 Quarter
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-540.00K	USD	1 Quarter
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-3.08M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.13M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.29M	USD	1 Quarter
Other long-term obligations and deferred credits	`IncreaseDecreaseInOtherOperatingLiabilities`	$32.00K	USD	1 Quarter
Other long-term obligations and deferred credits	`IncreaseDecreaseInOtherOperatingLiabilities`	$230.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.39M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.36M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.46M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.32M	USD	1 Quarter
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$41.00K	USD	1 Quarter
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$613.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$36.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-183.00K	USD	1 Quarter
Net cash provided used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.31M	USD	1 Quarter
Net cash provided used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.66M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.61M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$545.00K	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	$11.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfCommonStock`	$269.00K	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromIssuanceOfWarrants`	$9.00K	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromIssuanceOfWarrants`	-	USD	1 Quarter
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$1.30M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.34M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.85M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.39M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.21M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.32M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$51.52M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$66.33M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$74.72M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.32M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$51.52M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$66.33M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$74.72M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$255.65M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$249.13M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$247.51M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$246.43M	USD	Point-in-time
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.01M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.03M	USD	1 Quarter
Write Off of deferred tax asset related to expiration of unexercised stock warrants	`Writeoffofdeferredtaxassetrelatedtoexpirationofwarrants`	$-7.17M	USD	Point-in-time
Exercise of stock options	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Exercise of stock options	`ProceedsFromIssuanceOfCommonStock`	$269.00K	USD	1 Quarter
Exercise of warrants	`ProceedsFromIssuanceOfWarrants`	$9.00K	USD	1 Quarter
Exercise of warrants	`ProceedsFromIssuanceOfWarrants`	-	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.38M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$946.00K	USD	1 Quarter
Repurchase of common shares	`RepurchaseOfCommonStock`	$1.85M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$255.65M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$249.13M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$247.51M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$246.43M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.00M	USD	1 Quarter
Unrealized gain on cash flow hedge	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax`	$2.00K	USD	1 Quarter
Unrealized gain on cash flow hedge	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax`	$10.00K	USD	1 Quarter
Less income taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$1.00K	USD	1 Quarter
Less income taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$4.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$1.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$6.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.01M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.03M	USD	1 Quarter

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