10-Q Filing

KRISPY KREME DOUGHNUTS INC CIK: 1100270 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001206774-15-001975`
Period End Date	20150430
Filing Date	20150612
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	kkd-20150503.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 32 Cash Flow Statement 64 Stockholders Equity 22 Comprehensive Income 6

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`	$43.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$58.64M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$32.35M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$27.80M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	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`	$782.00K	USD	Point-in-time
Receivables from equity method franchisees	`DueFromRelatedPartiesCurrent`	$1.05M	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
Inventories	`InventoryNet`	$18.19M	USD	Point-in-time
Inventories	`InventoryNet`	$16.35M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$23.20M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	64.93M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	64.64M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$23.25M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.16M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.86M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	64.93M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	64.64M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$137.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$127.85M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$117.00M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$115.76M	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`	$30.03M	USD	Point-in-time
Goodwill and other intangible assets	`IntangibleAssetsNetIncludingGoodwill`	$30.07M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$62.37M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$68.28M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.07M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.76M	USD	Point-in-time
Total assets	`Assets`	$357.23M	USD	Point-in-time
Total assets	`Assets`	$352.71M	USD	Point-in-time
Current portion of lease obligations	`LeaseObligationsCurrent`	$332.00K	USD	Point-in-time
Current portion of lease obligations	`LeaseObligationsCurrent`	$333.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.09M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$29.80M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$32.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$49.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$47.58M	USD	Point-in-time
Lease obligations, less current portion	`LeaseObligationsNoncurrent`	$10.23M	USD	Point-in-time
Lease obligations, less current portion	`LeaseObligationsNoncurrent`	$9.35M	USD	Point-in-time
Other long-term obligations and deferred credits	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$25.61M	USD	Point-in-time
Other long-term obligations and deferred credits	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$26.07M	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; 64,640 shares and 64,926 shares outstanding, respectively	`CommonStockValue`	$305.66M	USD	Point-in-time
Common stock, no par value; 300,000 shares authorized; 64,640 shares and 64,926 shares outstanding, respectively	`CommonStockValue`	$310.77M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-42.98M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$267.79M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$257.01M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$265.09M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$273.34M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$352.71M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$357.23M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$121.58M	USD	1 Quarter
Revenues	`Revenues`	$132.47M	USD	1 Quarter
Direct operating expenses (exclusive of depreciation and amortization expense shown below)	`DirectOperatingCosts`	$96.39M	USD	1 Quarter
Direct operating expenses (exclusive of depreciation and amortization expense shown below)	`DirectOperatingCosts`	$103.77M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.55M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.05M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$3.17M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$3.99M	USD	1 Quarter
Impairment charges and lease termination costs	`ImpairmentChargesAndLeaseTerminationCosts`	$8.00K	USD	1 Quarter
Impairment charges and lease termination costs	`ImpairmentChargesAndLeaseTerminationCosts`	$4.00K	USD	1 Quarter
Pre-opening costs related to Company Stores	`PreOpeningCosts`	$226.00K	USD	1 Quarter
Pre-opening costs related to Company Stores	`PreOpeningCosts`	$323.00K	USD	1 Quarter
(Gains) and losses on commodity derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	$1.44M	USD	1 Quarter
(Gains) and losses on commodity derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	$447.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.18M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$17.27M	USD	1 Quarter
Interest income and (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-230.00K	USD	1 Quarter
Interest income and (expense), net	`InterestIncomeExpenseNonoperatingNet`	$28.00K	USD	1 Quarter
Equity in losses of equity method franchisees	`IncomeLossFromEquityMethodInvestments`	$-57.00K	USD	1 Quarter
Equity in losses of equity method franchisees	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Other non-operating income and (expense), net	`OtherNonoperatingIncomeExpense`	$168.00K	USD	1 Quarter
Other non-operating income and (expense), net	`OtherNonoperatingIncomeExpense`	$184.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.23M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.32M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.56M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.67M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$9.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.67M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$3.17M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$3.99M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$6.16M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.95M	USD	1 Quarter
Accrued rent expense	`AccruedRentExpense`	$153.00K	USD	1 Quarter
Accrued rent expense	`AccruedRentExpense`	$140.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-42.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-34.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.17M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$2.00M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForBenefitFromDoubtfulAccounts`	$-32.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForBenefitFromDoubtfulAccounts`	$-118.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$27.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$27.00K	USD	1 Quarter
Equity in losses of equity method franchisees	`IncomeLossFromEquityMethodInvestments`	$-57.00K	USD	1 Quarter
Equity in losses of equity method franchisees	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Unrealized (gains) on commodity derivative positions	`UnrealizedGainLossOnCommodityContracts`	$1.06M	USD	1 Quarter
Unrealized (gains) on commodity derivative positions	`UnrealizedGainLossOnCommodityContracts`	$1.40M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-12.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-3.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$4.72M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$2.27M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-61.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.87M	USD	1 Quarter
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$682.00K	USD	1 Quarter
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.04M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.28M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.77M	USD	1 Quarter
Other long-term obligations and deferred credits	`IncreaseDecreaseInOtherOperatingLiabilities`	$-161.00K	USD	1 Quarter
Other long-term obligations and deferred credits	`IncreaseDecreaseInOtherOperatingLiabilities`	$74.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$17.14M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.66M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.87M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.55M	USD	1 Quarter
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$133.00K	USD	1 Quarter
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$216.00K	USD	1 Quarter
Acquisition of store from franchisee	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisition of store from franchisee	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$312.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-821.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-232.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.82M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.50M	USD	1 Quarter
Repayment of lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$105.00K	USD	1 Quarter
Repayment of lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$82.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfCommonStock`	$6.23M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfCommonStock`	$519.00K	USD	1 Quarter
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$6.09M	USD	1 Quarter
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$25.48M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.65M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-19.35M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.67M	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`	$43.55M	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`	$50.97M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$58.64M	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`	$55.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$50.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$58.64M	USD	Point-in-time
Assets acquired under leasing arrangements	`LeaseObligationsIncurred`	$520.00K	USD	1 Quarter
Assets acquired under leasing arrangements	`LeaseObligationsIncurred`	$947.00K	USD	1 Quarter

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$267.79M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$257.01M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$265.09M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$273.34M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	64.93M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	64.64M	shares	Point-in-time
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.66M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.67M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$519.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$6.23M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.00M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.17M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$25.14M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$7.62M	USD	1 Quarter
Repurchase of common shares, shares	`StockRepurchasedDuringPeriodShares`	402,000.00	shares	1 Quarter
Repurchase of common shares, shares	`StockRepurchasedDuringPeriodShares`	1.44M	shares	1 Quarter
Ending Balance	`StockholdersEquity`	$267.79M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$257.01M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$265.09M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$273.34M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	64.93M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	64.64M	shares	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$9.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.67M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.66M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.67M	USD	1 Quarter

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