10-Q Filing

CROWN CRAFTS INC CIK: 25895 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-036878`
Period End Date	20160630
Filing Date	20160809
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	crws-20160703.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 36 Cash Flow Statement 60

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$745.00K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$662.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.57M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	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
Due from factor	`DueFromFactor`	$13.00M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	12.32M	shares	Point-in-time
Due from factor	`DueFromFactor`	$20.12M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	12.25M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	2.32M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	2.30M	shares	Point-in-time
Other	`OtherReceivablesNetCurrent`	$671.00K	USD	Point-in-time
Other	`OtherReceivablesNetCurrent`	$700.00K	USD	Point-in-time
Inventories	`InventoryNet`	$14.79M	USD	Point-in-time
Inventories	`InventoryNet`	$16.78M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.69M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.41M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$888.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$45.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$44.33M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$247.00K	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$247.00K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$239.00K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$242.00K	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.98M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.88M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$808.00K	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$808.00K	USD	Point-in-time
Property, plant and equipment - gross	`PropertyPlantAndEquipmentGross`	$4.27M	USD	Point-in-time
Property, plant and equipment - gross	`PropertyPlantAndEquipmentGross`	$4.17M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.74M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.79M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$433.00K	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$486.00K	USD	Point-in-time
Customer relationships	`FiniteLivedCustomerRelationshipsGross`	$5.53M	USD	Point-in-time
Customer relationships	`FiniteLivedCustomerRelationshipsGross`	$5.53M	USD	Point-in-time
Other finite-lived intangible assets	`OtherFiniteLivedIntangibleAssetsGross`	$3.69M	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`	$9.22M	USD	Point-in-time
Less accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$5.53M	USD	Point-in-time
Less accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$5.34M	USD	Point-in-time
Finite-lived intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$3.88M	USD	Point-in-time
Finite-lived intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$3.69M	USD	Point-in-time
Goodwill	`Goodwill`	$1.13M	USD	Point-in-time
Goodwill	`Goodwill`	$1.13M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.70M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.05M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$188.00K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$193.00K	USD	Point-in-time
Total Assets	`Assets`	$52.41M	USD	Point-in-time
Total Assets	`Assets`	$51.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.63M	USD	Point-in-time
Accrued wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$1.99M	USD	Point-in-time
Accrued wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$2.12M	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$1.47M	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$1.17M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$3.30M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$799.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$806.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$221.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$276.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$192.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.43M	USD	Point-in-time
Reserve for unrecognized tax benefits	`LiabilityForUncertainTaxPositionsNoncurrent`	$211.00K	USD	Point-in-time
Reserve for unrecognized tax benefits	`LiabilityForUncertainTaxPositionsNoncurrent`	$528.00K	USD	Point-in-time
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at July 3, 2016 and April 3, 2016; Issued 12,318,039 shares at July 3, 2016 and 12,251,834 shares at April 3, 2016	`CommonStockValue`	$123.00K	USD	Point-in-time
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at July 3, 2016 and April 3, 2016; Issued 12,318,039 shares at July 3, 2016 and 12,251,834 shares at April 3, 2016	`CommonStockValue`	$123.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$51.18M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$50.72M	USD	Point-in-time
Treasury stock - at cost - 2,324,498 shares at July 3, 2016 and 2,302,191 shares at April 3, 2016	`TreasuryStockValue`	$11.23M	USD	Point-in-time
Treasury stock - at cost - 2,324,498 shares at July 3, 2016 and 2,302,191 shares at April 3, 2016	`TreasuryStockValue`	$11.44M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$401.00K	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$705.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$40.02M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$40.57M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$51.52M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$52.41M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$15.60M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$17.86M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$11.31M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$13.08M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.78M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.29M	USD	1 Quarter
Marketing and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.26M	USD	1 Quarter
Marketing and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.84M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.45M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.52M	USD	1 Quarter
Interest expense	`InterestExpense`	$19.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$8.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$15.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$29.00K	USD	1 Quarter
Foreign exchange gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$31.00K	USD	1 Quarter
Foreign exchange gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.00K	USD	1 Quarter
Other - net	`OtherNonoperatingIncomeExpense`	$1.00K	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`	$1.49M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$605.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$387.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$927.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.10M	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`	46,000.00	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.11M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.03M	shares	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.11	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 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$927.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.10M	USD	1 Quarter
Depreciation of property, plant and equipment	`DepreciationAndAmortization`	$48.00K	USD	1 Quarter
Depreciation of property, plant and equipment	`DepreciationAndAmortization`	$79.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$182.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$189.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$239.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-111.00K	USD	1 Quarter
Reserve for unrecognized tax benefits	`IncreaseInReserveForUnrecognizedTaxBenefits`	-	USD	1 Quarter
Reserve for unrecognized tax benefits	`IncreaseInReserveForUnrecognizedTaxBenefits`	$40.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$256.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$161.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.09M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.10M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.66M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-283.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-279.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-5.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.99M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$986.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$143.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-332.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.30M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.70M	USD	1 Quarter
Capital expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.00K	USD	1 Quarter
Capital expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$101.00K	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`	$-101.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-179.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$360.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$211.00K	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$191.00K	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$81.00K	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$805.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.30M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.08M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.32M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.87M	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`	$7.57M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.24M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.45M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.57M	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`	$12.45M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$1.17M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$825.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$2.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$-4.00K	USD	1 Quarter
Dividends declared but unpaid	`DividendsPayableCurrentAndNoncurrent`	$799.00K	USD	Point-in-time
Dividends declared but unpaid	`DividendsPayableCurrentAndNoncurrent`	$806.00K	USD	Point-in-time
Compensation paid as common stock	`StockIssued1`	$140.00K	USD	1 Quarter
Compensation paid as common stock	`StockIssued1`	$108.00K	USD	1 Quarter

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