10-Q Filing

KRISPY KREME DOUGHNUTS INC CIK: 1100270 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001206774-14-001939`
Period End Date	20140430
Filing Date	20140613
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	kkd-20140504.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 30 Cash Flow Statement 64 Stockholders Equity 22 Comprehensive Income 10

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value per share	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value per share	`PreferredStockParOrStatedValuePerShare`	-	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$66.33M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$25.27M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$27.51M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Receivables from equity method franchisees	`DueFromRelatedPartiesCurrent`	$721.00K	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Receivables from equity method franchisees	`DueFromRelatedPartiesCurrent`	$675.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Inventories	`InventoryNet`	$16.75M	USD	Point-in-time
Inventories	`InventoryNet`	$16.69M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	64.94M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	64.57M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$23.85M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$23.79M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.20M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$7.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$127.49M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$119.73M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$96.61M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$92.82M	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	`IntangibleAssetsNetIncludingGoodwill`	$24.10M	USD	Point-in-time
Goodwill and other intangible assets	`IntangibleAssetsNetIncludingGoodwill`	$24.08M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$83.46M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$77.35M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.86M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.68M	USD	Point-in-time
Total assets	`Assets`	$338.55M	USD	Point-in-time
Total assets	`Assets`	$328.64M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$344.00K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$313.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.79M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$26.39M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$29.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$46.41M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$1.66M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$1.63M	USD	Point-in-time
Other long-term obligations and deferred credits	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$26.53M	USD	Point-in-time
Other long-term obligations and deferred credits	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$25.39M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, no par value; 10,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, no par value; 10,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, no par value; 300,000 shares authorized; 64,568 shares and 64,940 shares outstanding, respectively	`CommonStockValue`	$338.13M	USD	Point-in-time
Common stock, no par value; 300,000 shares authorized; 64,568 shares and 64,940 shares outstanding, respectively	`CommonStockValue`	$320.40M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-63.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-73.04M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$265.09M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$246.43M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$257.01M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$255.65M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$338.55M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$328.64M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$120.62M	USD	1 Quarter
Revenues	`Revenues`	$121.58M	USD	1 Quarter
Direct operating expenses (exclusive of depreciation and amortization expense shown below)	`DirectOperatingCosts`	$96.56M	USD	1 Quarter
Direct operating expenses (exclusive of depreciation and amortization expense shown below)	`DirectOperatingCosts`	$95.17M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.05M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.05M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$2.82M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$3.17M	USD	1 Quarter
Impairment charges and lease termination costs	`ImpairmentChargesAndLeaseTerminationCosts`	$8.00K	USD	1 Quarter
Impairment charges and lease termination costs	`ImpairmentChargesAndLeaseTerminationCosts`	$8.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.18M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$15.18M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$61.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$171.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$437.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$143.00K	USD	1 Quarter
Equity in losses of equity method franchisees	`IncomeLossFromEquityMethodInvestments`	$-53.00K	USD	1 Quarter
Equity in losses of equity method franchisees	`IncomeLossFromEquityMethodInvestments`	$-57.00K	USD	1 Quarter
Other non-operating income and (expense), net	`OtherNonoperatingIncomeExpense`	$-5.00K	USD	1 Quarter
Other non-operating income and (expense), net	`OtherNonoperatingIncomeExpense`	$168.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.32M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.75M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.66M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.75M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.66M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.66M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$2.82M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$3.17M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$6.16M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$6.11M	USD	1 Quarter
Accrued rent expense	`AccruedRentExpense`	$140.00K	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`	$-42.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.17M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$946.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForBenefitFromDoubtfulAccounts`	$-32.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForBenefitFromDoubtfulAccounts`	$52.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$27.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$124.00K	USD	1 Quarter
Equity in losses of equity method franchisees	`IncomeLossFromEquityMethodInvestments`	$-53.00K	USD	1 Quarter
Equity in losses of equity method franchisees	`IncomeLossFromEquityMethodInvestments`	$-57.00K	USD	1 Quarter
Unrealized (gains) on agricultural derivative positions	`UnrealizedGainLossOnCommodityContracts`	$1.40M	USD	1 Quarter
Unrealized (gains) on agricultural derivative positions	`UnrealizedGainLossOnCommodityContracts`	$190.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-3.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-17.00K	USD	1 Quarter
Cash provided by operations	`NetCashProvidedByUsedInOperatingActivitiesBeforeChangeInAssetsLiabilities`	$18.00M	USD	1 Quarter
Cash provided by operations	`NetCashProvidedByUsedInOperatingActivitiesBeforeChangeInAssetsLiabilities`	$18.99M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$495.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$2.27M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-61.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.13M	USD	1 Quarter
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-3.08M	USD	1 Quarter
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$682.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.28M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.29M	USD	1 Quarter
Other long-term obligations and deferred credits	`IncreaseDecreaseInOtherOperatingLiabilities`	$-161.00K	USD	1 Quarter
Other long-term obligations and deferred credits	`IncreaseDecreaseInOtherOperatingLiabilities`	$230.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.66M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$14.39M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.87M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.46M	USD	1 Quarter
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$133.00K	USD	1 Quarter
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$613.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-183.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-232.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.50M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.66M	USD	1 Quarter
Repayment of long-term debt and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$105.00K	USD	1 Quarter
Repayment of long-term debt and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.61M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfCommonStock`	$6.23M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfCommonStock`	$269.00K	USD	1 Quarter
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$25.48M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-19.35M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.34M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.39M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.19M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$74.72M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$43.55M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$66.33M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$74.72M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$55.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$43.55M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$66.33M	USD	Point-in-time
Assets acquired under leasing arrangements	`LeaseObligationsIncurred`	$12.00K	USD	1 Quarter
Assets acquired under leasing arrangements	`LeaseObligationsIncurred`	$520.00K	USD	1 Quarter

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$265.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$246.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$257.01M	USD	Point-in-time
Balance	`StockholdersEquity`	$255.65M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	64.94M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	64.57M	shares	Point-in-time
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.66M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.01M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$269.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$6.23M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$946.00K	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.17M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$47.50M	USD	3 Qtrs
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$25.14M	USD	1 Quarter
Repurchase of common shares, shares	`StockRepurchasedDuringPeriodShares`	1.44M	shares	1 Quarter
Repurchase of common shares, shares	`StockRepurchasedDuringPeriodShares`	2.62M	shares	3 Qtrs
Balance	`StockholdersEquity`	$265.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$246.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$257.01M	USD	Point-in-time
Balance	`StockholdersEquity`	$255.65M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	64.94M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	64.57M	shares	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.66M	USD	1 Quarter
Unrealized gain on cash flow hedge	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax`	$10.00K	USD	1 Quarter
Unrealized gain on cash flow hedge	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax`	-	USD	1 Quarter
Less income taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$4.00K	USD	1 Quarter
Less income taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	-	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$6.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.66M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.01M	USD	1 Quarter

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