10-Q Filing

KRISPY KREME DOUGHNUTS INC CIK: 1100270 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001206774-16-006175`
Period End Date	20160430
Filing Date	20160610
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	kkd-20160501.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 32 Cash Flow Statement 58 Stockholders Equity 22

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`	$58.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.97M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.70M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$29.86M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$28.09M	USD	Point-in-time
Receivables from equity method franchisees	`DueFromRelatedPartiesCurrent`	$338.00K	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`	$468.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Inventories	`InventoryNet`	$16.31M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Inventories	`InventoryNet`	$16.94M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	60.91M	shares	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$2.82M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	63.07M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.62M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	63.07M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	60.91M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$99.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$81.99M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$127.71M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$126.58M	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`	$30.97M	USD	Point-in-time
Goodwill and other intangible assets	`IntangibleAssetsNetIncludingGoodwill`	$30.98M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$74.87M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$69.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.16M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.00M	USD	Point-in-time
Total assets	`Assets`	$319.01M	USD	Point-in-time
Total assets	`Assets`	$342.88M	USD	Point-in-time
Current portion of lease obligations	`LeaseObligationsCurrent`	$326.00K	USD	Point-in-time
Current portion of lease obligations	`LeaseObligationsCurrent`	$333.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$22.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.76M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$29.33M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$29.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$49.72M	USD	Point-in-time
Lease obligations, less current portion	`LeaseObligationsNoncurrent`	$11.22M	USD	Point-in-time
Lease obligations, less current portion	`LeaseObligationsNoncurrent`	$11.27M	USD	Point-in-time
Other long-term obligations and deferred credits	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$25.80M	USD	Point-in-time
Other long-term obligations and deferred credits	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$26.73M	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; shares issued and outstanding: May 1, 2016 - 60,914 shares and January 31, 2016 - 63,069 shares	`CommonStockValue`	$266.72M	USD	Point-in-time
Common stock, no par value; 300,000 shares authorized; shares issued and outstanding: May 1, 2016 - 60,914 shares and January 31, 2016 - 63,069 shares	`CommonStockValue`	$229.82M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.17M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$256.14M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$267.79M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$273.34M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$228.65M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$319.01M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$342.88M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$136.48M	USD	1 Quarter
Revenues	`Revenues`	$132.47M	USD	1 Quarter
Direct operating expenses (exclusive of depreciation and amortization expense shown below)	`DirectOperatingCosts`	$107.99M	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`	$7.48M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$4.06M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$3.99M	USD	1 Quarter
Impairment charges and lease termination costs	`ImpairmentChargesAndLeaseTerminationCosts`	$4.00K	USD	1 Quarter
Impairment charges and lease termination costs	`ImpairmentChargesAndLeaseTerminationCosts`	$453.00K	USD	1 Quarter
Pre-opening costs related to Company Stores	`PreOpeningCosts`	$607.00K	USD	1 Quarter
Pre-opening costs related to Company Stores	`PreOpeningCosts`	$323.00K	USD	1 Quarter
Gains on commodity derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	$447.00K	USD	1 Quarter
Gains on commodity derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$15.89M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$17.27M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$147.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$71.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$439.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$377.00K	USD	1 Quarter
Other non-operating income and (expense), net	`OtherNonoperatingIncomeExpense`	$184.00K	USD	1 Quarter
Other non-operating income and (expense), net	`OtherNonoperatingIncomeExpense`	$-2.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.23M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.52M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.56M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.11M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.67M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$9.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.67M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$4.06M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$3.99M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.95M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.41M	USD	1 Quarter
Impairment charges	`AssetImpairmentCharges`	$500.00K	USD	1 Quarter
Impairment charges	`AssetImpairmentCharges`	-	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-34.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-29.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$2.00M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.57M	USD	1 Quarter
Unrealized gains on commodity derivative positions	`UnrealizedGainLossOnCommodityContracts`	-	USD	1 Quarter
Unrealized gains on commodity derivative positions	`UnrealizedGainLossOnCommodityContracts`	$1.06M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-178.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-74.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$1.47M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$4.72M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.87M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$624.00K	USD	1 Quarter
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.04M	USD	1 Quarter
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-520.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.77M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-718.00K	USD	1 Quarter
Other long-term obligations and deferred credits	`IncreaseDecreaseInOtherOperatingLiabilities`	$74.00K	USD	1 Quarter
Other long-term obligations and deferred credits	`IncreaseDecreaseInOtherOperatingLiabilities`	$623.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$19.50M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$17.14M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.55M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.05M	USD	1 Quarter
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$216.00K	USD	1 Quarter
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$-5.00K	USD	1 Quarter
Acquisition of stores and franchise rights from franchisees	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$312.00K	USD	1 Quarter
Acquisition of stores and franchise rights from franchisees	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$185.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-821.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-89.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.82M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.15M	USD	1 Quarter
Repayment of lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$86.00K	USD	1 Quarter
Repayment of lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$82.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfCommonStock`	$519.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfCommonStock`	$1.33M	USD	1 Quarter
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$6.09M	USD	1 Quarter
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$34.68M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.65M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-33.43M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-22.08M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.67M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$58.64M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$50.78M	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`	$28.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$58.64M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$50.78M	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`	$28.70M	USD	Point-in-time
Assets acquired under leasing arrangements	`LeaseObligationsIncurred`	$140.00K	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`	$256.14M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$267.79M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$273.34M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$228.65M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	63.07M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	60.91M	shares	Point-in-time
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.42M	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`	$1.62M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.57M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.00M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$40.09M	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`	2.44M	shares	1 Quarter
Ending Balance	`StockholdersEquity`	$256.14M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$267.79M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$273.34M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$228.65M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	63.07M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	60.91M	shares	Point-in-time

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