10-Q Filing

CROWN CRAFTS INC CIK: 25895 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001437749-13-010714`
Period End Date	20130630
Filing Date	20130814
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	crws-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 34 Cash Flow Statement 60

Balance Sheet 86 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`	$411.00K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	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
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$214.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.56M	USD	Point-in-time
Common stock, shares Issued (in Shares)	`CommonStockSharesIssued`	11.70M	shares	Point-in-time
Common stock, shares Issued (in Shares)	`CommonStockSharesIssued`	11.71M	shares	Point-in-time
Treasury stock, shares (in Shares)	`TreasuryStockShares`	1.87M	shares	Point-in-time
Due from factor	`DueFromFactor`	$21.43M	USD	Point-in-time
Treasury stock, shares (in Shares)	`TreasuryStockShares`	1.88M	shares	Point-in-time
Due from factor	`DueFromFactor`	$14.58M	USD	Point-in-time
Other	`AccountsReceivableNetCurrent`	$319.00K	USD	Point-in-time
Other	`AccountsReceivableNetCurrent`	$293.00K	USD	Point-in-time
Inventories	`InventoryNet`	$15.12M	USD	Point-in-time
Inventories	`InventoryNet`	$10.93M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.07M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$160.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$169.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$35.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$35.23M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$193.00K	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$193.00K	USD	Point-in-time
Land, buildings and leasehold improvements	`BuildingsAndImprovementsGross`	$216.00K	USD	Point-in-time
Land, buildings and leasehold improvements	`BuildingsAndImprovementsGross`	$216.00K	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.66M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.67M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$743.00K	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$743.00K	USD	Point-in-time
Property, plant and equipment - gross	`PropertyPlantAndEquipmentGross`	$3.83M	USD	Point-in-time
Property, plant and equipment - gross	`PropertyPlantAndEquipmentGross`	$3.81M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.15M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.07M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$681.00K	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$738.00K	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`	$7.61M	USD	Point-in-time
Other finite-lived intangible assets	`OtherFiniteLivedIntangibleAssetsGross`	$7.64M	USD	Point-in-time
Finite-lived intangible assets - gross	`FiniteLivedIntangibleAssetsGross`	$13.02M	USD	Point-in-time
Finite-lived intangible assets - gross	`FiniteLivedIntangibleAssetsGross`	$13.05M	USD	Point-in-time
Less accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$7.20M	USD	Point-in-time
Less accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$7.06M	USD	Point-in-time
Finite-lived intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$5.99M	USD	Point-in-time
Finite-lived intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$5.82M	USD	Point-in-time
Goodwill	`Goodwill`	$1.13M	USD	Point-in-time
Goodwill	`Goodwill`	$1.13M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$995.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.00M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$77.00K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$77.00K	USD	Point-in-time
Total Assets	`Assets`	$44.16M	USD	Point-in-time
Total Assets	`Assets`	$43.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.46M	USD	Point-in-time
Accrued wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$1.55M	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`	$1.39M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$786.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$786.00K	USD	Point-in-time
Income taxes currently payable	`AccruedIncomeTaxesCurrent`	$710.00K	USD	Point-in-time
Income taxes currently payable	`AccruedIncomeTaxesCurrent`	$505.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$104.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$133.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.79M	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 June 30, 2013 and March 31, 2013; Issued 11,706,022 shares at June 30, 2013 and 11,696,022 shares at March 31, 2013	`CommonStockValue`	$117.00K	USD	Point-in-time
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at June 30, 2013 and March 31, 2013; Issued 11,706,022 shares at June 30, 2013 and 11,696,022 shares at March 31, 2013	`CommonStockValue`	$117.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$46.41M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$46.22M	USD	Point-in-time
Treasury stock - at cost - 1,877,192 shares at June 30, 2013 and 1,868,003 shares at March 31, 2013	`TreasuryStockValue`	$7.75M	USD	Point-in-time
Treasury stock - at cost - 1,877,192 shares at June 30, 2013 and 1,868,003 shares at March 31, 2013	`TreasuryStockValue`	$7.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.80M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$32.98M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$32.81M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$43.77M	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`	$17.45M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$16.61M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$12.12M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$13.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.49M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.42M	USD	1 Quarter
Legal expenses	`LegalFees`	$124.00K	USD	1 Quarter
Legal expenses	`LegalFees`	$259.00K	USD	1 Quarter
Other marketing and administrative expenses	`OtherSellingGeneralAndAdministrativeExpense`	$2.91M	USD	1 Quarter
Other marketing and administrative expenses	`OtherSellingGeneralAndAdministrativeExpense`	$2.86M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.32M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.44M	USD	1 Quarter
Interest expense	`InterestExpense`	$21.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$19.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$9.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$7.00K	USD	1 Quarter
Other - net	`OtherNonoperatingIncomeExpense`	$-3.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.31M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.43M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$487.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$531.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$822.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$897.00K	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.83M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.72M	shares	1 Quarter
Effect of dilutive securities (in Shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	77,000.00	shares	1 Quarter
Effect of dilutive securities (in Shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	12,000.00	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.84M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.80M	shares	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Dividends declared per share (in Dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$822.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$897.00K	USD	1 Quarter
Depreciation of property, plant and equipment	`DepreciationAndAmortization`	$76.00K	USD	1 Quarter
Depreciation of property, plant and equipment	`DepreciationAndAmortization`	$55.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$187.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$183.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$52.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$147.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$193.00K	USD	1 Quarter
Tax shortfall from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$58.00K	USD	1 Quarter
Tax shortfall from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$4.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.83M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.16M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.68M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.19M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-74.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-318.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-5.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-917.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-153.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$200.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$306.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.38M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.13M	USD	1 Quarter
Capital expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$37.00K	USD	1 Quarter
Capital expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.00K	USD	1 Quarter
Capitalized costs of internally developed intangible assets	`PaymentsToAcquireIntangibleAssets`	$16.00K	USD	1 Quarter
Capitalized costs of internally developed intangible assets	`PaymentsToAcquireIntangibleAssets`	$253.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-290.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-35.00K	USD	1 Quarter
Repayments under revolving line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-9.76M	USD	1 Quarter
Repayments under revolving line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-9.95M	USD	1 Quarter
Borrowings under revolving line of credit	`ProceedsFromLinesOfCredit`	$9.95M	USD	1 Quarter
Borrowings under revolving line of credit	`ProceedsFromLinesOfCredit`	$9.76M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$55.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$1.00M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$51.00K	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$798.00K	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$100.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$387.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$786.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-491.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-790.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.55M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.35M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$340.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.89M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$214.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.56M	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`	$2.89M	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`	$3.56M	USD	Point-in-time
Income taxes paid, net of refunds received	`IncomeTaxesPaid`	$104.00K	USD	1 Quarter
Income taxes paid, net of refunds received	`IncomeTaxesPaid`	$705.00K	USD	1 Quarter
Interest paid, net of interest received	`InterestPaidNet`	$11.00K	USD	1 Quarter
Interest paid, net of interest received	`InterestPaidNet`	$12.00K	USD	1 Quarter
Dividends declared but unpaid	`DividendsPayableCurrentAndNoncurrent`	$-786.00K	USD	Point-in-time
Dividends declared but unpaid	`DividendsPayableCurrentAndNoncurrent`	$-780.00K	USD	Point-in-time

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