10-K Filing

CROWN CRAFTS INC CIK: 25895 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001437749-13-007752`
Period End Date	20130331
Filing Date	20130619
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	crws-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 34 Cash Flow Statement 66 Stockholders Equity 20

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Due from factor, allowances (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$349.00K	USD	Point-in-time
Due from factor, allowances (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.06M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$214.00K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$340.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$205.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	11.70M	shares	Point-in-time
Due from factor	`DueFromFactor`	$19.44M	USD	Point-in-time
Common stock, shares Issued	`CommonStockSharesIssued`	11.13M	shares	Point-in-time
Due from factor	`DueFromFactor`	$21.43M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.87M	shares	Point-in-time
Other	`AccountsReceivableNetCurrent`	$882.00K	USD	Point-in-time
Other	`AccountsReceivableNetCurrent`	$293.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.47M	shares	Point-in-time
Inventories	`InventoryNet`	$10.93M	USD	Point-in-time
Inventories	`InventoryNet`	$11.84M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.07M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.43M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$160.00K	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleCurrent`	$275.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$35.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$35.23M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$193.00K	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$187.00K	USD	Point-in-time
Land, buildings and leasehold improvements	`BuildingsAndImprovementsGross`	$217.00K	USD	Point-in-time
Land, buildings and leasehold improvements	`BuildingsAndImprovementsGross`	$216.00K	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.35M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.66M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$743.00K	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$747.00K	USD	Point-in-time
Property, plant and equipment - gross	`PropertyPlantAndEquipmentGross`	$3.50M	USD	Point-in-time
Property, plant and equipment - gross	`PropertyPlantAndEquipmentGross`	$3.81M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.99M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.07M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$738.00K	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$514.00K	USD	Point-in-time
Customer relationships	`FiniteLivedCustomerRelationshipsGross`	$5.41M	USD	Point-in-time
Customer relationships	`FiniteLivedCustomerRelationshipsGross`	$5.41M	USD	Point-in-time
Other finite-lived intangible assets	`OtherFiniteLivedIntangibleAssetsGross`	$6.86M	USD	Point-in-time
Other finite-lived intangible assets	`OtherFiniteLivedIntangibleAssetsGross`	$7.64M	USD	Point-in-time
Finite-lived intangible assets - gross	`FiniteLivedIntangibleAssetsGross`	$12.27M	USD	Point-in-time
Finite-lived intangible assets - gross	`FiniteLivedIntangibleAssetsGross`	$13.05M	USD	Point-in-time
Less accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$7.06M	USD	Point-in-time
Less accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$6.30M	USD	Point-in-time
Finite-lived intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$5.97M	USD	Point-in-time
Finite-lived intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$5.99M	USD	Point-in-time
Goodwill	`Goodwill`	$1.13M	USD	Point-in-time
Goodwill	`Goodwill`	$1.13M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.86M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$107.00K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$77.00K	USD	Point-in-time
Total Assets	`Assets`	$44.16M	USD	Point-in-time
Total Assets	`Assets`	$44.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.38M	USD	Point-in-time
Accrued wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$896.00K	USD	Point-in-time
Accrued wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$1.38M	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$971.00K	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$1.34M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$786.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$1.16M	USD	Point-in-time
Income taxes currently payable	`AccruedIncomeTaxesCurrent`	$710.00K	USD	Point-in-time
Income taxes currently payable	`AccruedIncomeTaxesCurrent`	$105.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$228.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$133.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$127.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.35M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at March 31, 2013 and April 1, 2012; Issued 11,696,022 shares at March 31, 2013 and 11,132,272 shares at April 1, 2012	`CommonStockValue`	$111.00K	USD	Point-in-time
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at March 31, 2013 and April 1, 2012; Issued 11,696,022 shares at March 31, 2013 and 11,132,272 shares at April 1, 2012	`CommonStockValue`	$117.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$43.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$46.22M	USD	Point-in-time
Treasury stock - at cost - 1,868,003 shares at March 31, 2013 and 1,465,780 shares at April 1, 2012	`TreasuryStockValue`	$7.69M	USD	Point-in-time
Treasury stock - at cost - 1,868,003 shares at March 31, 2013 and 1,465,780 shares at April 1, 2012	`TreasuryStockValue`	$5.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.67M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$32.81M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$31.39M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$34.72M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$44.66M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$44.16M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$78.42M	USD	Annual
Net sales	`SalesRevenueGoodsNet`	$85.31M	USD	Annual
Cost of products sold	`CostOfGoodsSold`	$65.76M	USD	Annual
Cost of products sold	`CostOfGoodsSold`	$58.65M	USD	Annual
Gross profit	`GrossProfit`	$19.54M	USD	Annual
Gross profit	`GrossProfit`	$19.77M	USD	Annual
Marketing and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$11.67M	USD	Annual
Marketing and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$11.41M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$8.13M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$8.09M	USD	Annual
Interest and amortization of debt discount and expense	`InterestExpense`	$81.00K	USD	Annual
Interest and amortization of debt discount and expense	`InterestExpense`	$229.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$61.00K	USD	Annual
(Loss) gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.00K	USD	Annual
(Loss) gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-84.00K	USD	Annual
Other - net	`OtherNonoperatingIncomeExpense`	$12.00K	USD	Annual
Other - net	`OtherNonoperatingIncomeExpense`	$29.00K	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.92M	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.02M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$2.88M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$2.91M	USD	Annual
Net income	`NetIncomeLoss`	$5.04M	USD	Annual
Net income	`NetIncomeLoss`	$5.11M	USD	Annual
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.64M	shares	Annual
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.79M	shares	Annual
Effect of dilutive securities (in Shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	102,000.00	shares	Annual
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.75M	shares	Annual
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.79M	shares	Annual
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.52	USD	Annual
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.52	USD	Annual
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.52	USD	Annual
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.52	USD	Annual
Cash dividends declared per share (in Dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.74	USD	Annual
Cash dividends declared per share (in Dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.22	USD	Annual

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.04M	USD	Annual
Net income	`NetIncomeLoss`	$5.11M	USD	Annual
Depreciation of property, plant and equipment	`DepreciationAndAmortization`	$232.00K	USD	Annual
Depreciation of property, plant and equipment	`DepreciationAndAmortization`	$267.00K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$766.00K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$1.06M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$397.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$572.00K	USD	Annual
Loss (gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.00K	USD	Annual
Loss (gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-84.00K	USD	Annual
Accretion of interest expense to original issue discount	`AmortizationOfDebtDiscountPremium`	$48.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$545.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$652.00K	USD	Annual
Tax shortfall from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$93.00K	USD	Annual
Tax shortfall from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$28.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.40M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.67M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-1.72M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-909.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-354.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$67.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-36.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-30.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.28M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.33M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-403.00K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$623.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.27M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.12M	USD	Annual
Capital expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$455.00K	USD	Annual
Capital expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$310.00K	USD	Annual
Proceeds from disposition of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$190.00K	USD	Annual
Proceeds from disposition of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.00K	USD	Annual
Capitalized costs of internally developed intangible assets	`PaymentsToAcquireIntangibleAssets`	$256.00K	USD	Annual
Capitalized costs of internally developed intangible assets	`PaymentsToAcquireIntangibleAssets`	$785.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.05M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-561.00K	USD	Annual
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$2.00M	USD	Annual
Repayments under revolving line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-51.87M	USD	Annual
Repayments under revolving line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-28.62M	USD	Annual
Borrowings under revolving line of credit	`ProceedsFromLinesOfCredit`	$28.62M	USD	Annual
Borrowings under revolving line of credit	`ProceedsFromLinesOfCredit`	$47.53M	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$2.30M	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$1.03M	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$904.00K	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.81M	USD	Annual
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$195.00K	USD	Annual
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$19.00K	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$1.25M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$7.65M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.95M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.70M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.00K	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$126.00K	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$214.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$340.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$205.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$214.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$340.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$205.00K	USD	Point-in-time
Income taxes paid, net of refunds received	`IncomeTaxesPaid`	$1.56M	USD	Annual
Income taxes paid, net of refunds received	`IncomeTaxesPaid`	$2.86M	USD	Annual
Interest paid, net of interest received	`InterestPaidNet`	$19.00K	USD	Annual
Interest paid, net of interest received	`InterestPaidNet`	$182.00K	USD	Annual
Dividends declared but unpaid	`DividendsPayableCurrentAndNoncurrent`	$-1.16M	USD	Point-in-time
Dividends declared but unpaid	`DividendsPayableCurrentAndNoncurrent`	$-786.00K	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balances - amount	`StockholdersEquity`	$32.81M	USD	Point-in-time
Balances - amount	`StockholdersEquity`	$31.39M	USD	Point-in-time
Balances - amount	`StockholdersEquity`	$34.72M	USD	Point-in-time
Issuance of shares, amount	`StockIssuedDuringPeriodValueNewIssues`	$904.00K	USD	Annual
Issuance of shares, amount	`StockIssuedDuringPeriodValueNewIssues`	$1.81M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$652.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$545.00K	USD	Annual
Net tax effect of stock-based compensation	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$102.00K	USD	Annual
Net tax effect of stock-based compensation	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$-9.00K	USD	Annual
Acquisition of treasury stock, amount	`TreasuryStockValueAcquiredCostMethod`	$2.30M	USD	Annual
Acquisition of treasury stock, amount	`TreasuryStockValueAcquiredCostMethod`	$1.03M	USD	Annual
Acquisition of treasury stock, shares (in Shares)	`TreasuryStockSharesAcquired`	402,000.00	shares	Annual
Acquisition of treasury stock, shares (in Shares)	`TreasuryStockSharesAcquired`	218,000.00	shares	Annual
Net income	`NetIncomeLoss`	$5.04M	USD	Annual
Net income	`NetIncomeLoss`	$5.11M	USD	Annual
Dividends declared	`DividendsCommonStock`	$7.28M	USD	Annual
Dividends declared	`DividendsCommonStock`	$2.12M	USD	Annual
Balances - amount	`StockholdersEquity`	$32.81M	USD	Point-in-time
Balances - amount	`StockholdersEquity`	$31.39M	USD	Point-in-time
Balances - amount	`StockholdersEquity`	$34.72M	USD	Point-in-time

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