10-Q Filing

CROWN CRAFTS INC CIK: 25895 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001437749-15-015574`
Period End Date	20150630
Filing Date	20150812
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	crws-20150628.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 38 Cash Flow Statement 56

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$1.10M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$1.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.24M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$560.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.22M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	12.09M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	12.03M	shares	Point-in-time
Due from factor	`DueFromFactor`	$15.22M	USD	Point-in-time
Due from factor	`DueFromFactor`	$21.56M	USD	Point-in-time
Other	`OtherReceivablesNetCurrent`	$807.00K	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	2.01M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	1.96M	shares	Point-in-time
Other	`OtherReceivablesNetCurrent`	$1.06M	USD	Point-in-time
Inventories	`InventoryNet`	$15.47M	USD	Point-in-time
Inventories	`InventoryNet`	$18.13M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.63M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.91M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$968.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$42.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$45.41M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$235.00K	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$235.00K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$230.00K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$230.00K	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.89M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.84M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$755.00K	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$755.00K	USD	Point-in-time
Property, plant and equipment - gross	`PropertyPlantAndEquipmentGross`	$4.06M	USD	Point-in-time
Property, plant and equipment - gross	`PropertyPlantAndEquipmentGross`	$4.11M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.61M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.53M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$505.00K	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$528.00K	USD	Point-in-time
Customer relationships	`FiniteLivedCustomerRelationshipsGross`	$5.53M	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`	$3.69M	USD	Point-in-time
Finite-lived intangible assets gross	`FiniteLivedIntangibleAssetsGross`	$9.22M	USD	Point-in-time
Finite-lived intangible assets gross	`FiniteLivedIntangibleAssetsGross`	$13.02M	USD	Point-in-time
Less accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$4.77M	USD	Point-in-time
Less accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$8.52M	USD	Point-in-time
Finite-lived intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$4.45M	USD	Point-in-time
Finite-lived intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$4.51M	USD	Point-in-time
Goodwill	`Goodwill`	$1.13M	USD	Point-in-time
Goodwill	`Goodwill`	$1.13M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.07M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.13M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$134.00K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$133.00K	USD	Point-in-time
Total Assets	`Assets`	$49.95M	USD	Point-in-time
Total Assets	`Assets`	$52.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.47M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.46M	USD	Point-in-time
Accrued wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$2.27M	USD	Point-in-time
Accrued wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$2.29M	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$1.63M	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$1.58M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$806.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$805.00K	USD	Point-in-time
Income taxes currently payable	`AccruedIncomeTaxesCurrent`	$550.00K	USD	Point-in-time
Income taxes currently payable	`AccruedIncomeTaxesCurrent`	$1.02M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$230.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$159.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.89M	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 28, 2015 and March 29, 2015; Issued 12,088,834 shares at June 28, 2015 and 12,030,302 shares at March 29, 2015	`CommonStockValue`	$121.00K	USD	Point-in-time
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at June 28, 2015 and March 29, 2015; Issued 12,088,834 shares at June 28, 2015 and 12,030,302 shares at March 29, 2015	`CommonStockValue`	$120.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$48.56M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$49.04M	USD	Point-in-time
Treasury stock - at cost - 2,010,928 shares at June 28, 2015 and 1,964,886 shares at March 29, 2015	`TreasuryStockValue`	$8.39M	USD	Point-in-time
Treasury stock - at cost - 2,010,928 shares at June 28, 2015 and 1,964,886 shares at March 29, 2015	`TreasuryStockValue`	$8.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-598.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-719.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$39.81M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$39.57M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$49.95M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$52.70M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$15.70M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$17.86M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$11.42M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$13.08M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.28M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.78M	USD	1 Quarter
Legal expense	`LegalFees`	$34.00K	USD	1 Quarter
Legal expense	`LegalFees`	$192.00K	USD	1 Quarter
Other marketing and administrative expenses	`OtherSellingGeneralAndAdministrativeExpense`	$3.23M	USD	1 Quarter
Other marketing and administrative expenses	`OtherSellingGeneralAndAdministrativeExpense`	$2.97M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.12M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.52M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$8.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$15.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$10.00K	USD	1 Quarter
Foreign exchange gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$2.00K	USD	1 Quarter
Foreign exchange gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.00K	USD	1 Quarter
Other - net	`OtherNonoperatingIncomeExpense`	$3.00K	USD	1 Quarter
Other - net	`OtherNonoperatingIncomeExpense`	$4.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.53M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.13M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$424.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$605.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$927.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$703.00K	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.98M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.06M	shares	1 Quarter
Effect of dilutive securities (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	50,000.00	shares	1 Quarter
Effect of dilutive securities (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	44,000.00	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.03M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.11M	shares	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$927.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$703.00K	USD	1 Quarter
Depreciation of property, plant and equipment	`DepreciationAndAmortization`	$79.00K	USD	1 Quarter
Depreciation of property, plant and equipment	`DepreciationAndAmortization`	$80.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$194.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$182.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-298.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-111.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$256.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$215.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.09M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.91M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.43M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.66M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-424.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-279.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$14.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.52M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.99M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$179.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-332.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.48M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.70M	USD	1 Quarter
Capital expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.00K	USD	1 Quarter
Capital expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.00K	USD	1 Quarter
Capital expenditures for purchased intangible assets	`PaymentsToAcquireIntangibleAssets`	$123.00K	USD	1 Quarter
Capital expenditures for purchased intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-179.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-45.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$360.00K	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$10.00K	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$81.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$805.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$789.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-779.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.08M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.66M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.43M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.24M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$560.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.24M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$560.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.22M	USD	Point-in-time
Income taxes paid, net of refunds received	`IncomeTaxesPaid`	$804.00K	USD	1 Quarter
Income taxes paid, net of refunds received	`IncomeTaxesPaid`	$1.17M	USD	1 Quarter
Interest paid, net of interest received	`InterestPaidNet`	$3.00K	USD	1 Quarter
Interest paid, net of interest received	`InterestPaidNet`	$-4.00K	USD	1 Quarter
Dividends declared but unpaid	`DividendsPayableCurrentAndNoncurrent`	$806.00K	USD	Point-in-time
Dividends declared but unpaid	`DividendsPayableCurrentAndNoncurrent`	$804.00K	USD	Point-in-time
Compensation paid as common stock	`StockIssued1`	$354.00K	USD	1 Quarter
Compensation paid as common stock	`StockIssued1`	$140.00K	USD	1 Quarter

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