10-K Filing

CROWN CRAFTS INC CIK: 25895 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001437749-17-011232`
Period End Date	20170331
Filing Date	20170614
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	crws-20170402.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 36 Cash Flow Statement 64 Stockholders Equity 21

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$775.00K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$745.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.89M	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`	$1.81M	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
Due from factor	`DueFromFactor`	$20.12M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	12.25M	shares	Point-in-time
Due from factor	`DueFromFactor`	$14.92M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	12.42M	shares	Point-in-time
Other	`OtherReceivablesNetCurrent`	$671.00K	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	2.40M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	2.30M	shares	Point-in-time
Other	`OtherReceivablesNetCurrent`	$693.00K	USD	Point-in-time
Inventories	`InventoryNet`	$14.79M	USD	Point-in-time
Inventories	`InventoryNet`	$15.82M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.69M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.78M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$888.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$45.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$41.11M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$247.00K	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$247.00K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$248.00K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$239.00K	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.40M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.88M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$789.00K	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$808.00K	USD	Point-in-time
Property, plant and equipment - gross	`PropertyPlantAndEquipmentGross`	$4.17M	USD	Point-in-time
Property, plant and equipment - gross	`PropertyPlantAndEquipmentGross`	$3.68M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.24M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.74M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$433.00K	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$441.00K	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`	$6.09M	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`	$3.13M	USD	Point-in-time
Goodwill	`Goodwill`	$1.13M	USD	Point-in-time
Goodwill	`Goodwill`	$1.13M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.05M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.24M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$193.00K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$139.00K	USD	Point-in-time
Total Assets	`Assets`	$47.18M	USD	Point-in-time
Total Assets	`Assets`	$52.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.15M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.64M	USD	Point-in-time
Accrued wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$1.99M	USD	Point-in-time
Accrued wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$799.00K	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$353.00K	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$1.17M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$803.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$3.30M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$224.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$806.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$245.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$276.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.57M	USD	Point-in-time
Reserve for unrecognized tax benefits	`LiabilityForUncertainTaxPositionsNoncurrent`	$688.00K	USD	Point-in-time
Reserve for unrecognized tax benefits	`LiabilityForUncertainTaxPositionsNoncurrent`	$211.00K	USD	Point-in-time
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at April 2, 2017 and April 3, 2016; Issued 12,423,539 shares at April 2, 2017 and 12,251,834 shares at April 3, 2016	`CommonStockValue`	$124.00K	USD	Point-in-time
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at April 2, 2017 and April 3, 2016; Issued 12,423,539 shares at April 2, 2017 and 12,251,834 shares at April 3, 2016	`CommonStockValue`	$123.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$52.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$50.72M	USD	Point-in-time
Treasury stock - at cost - 2,401,066 shares at April 2, 2017 and 2,302,191 shares at April 3, 2016	`TreasuryStockValue`	$11.23M	USD	Point-in-time
Treasury stock - at cost - 2,401,066 shares at April 2, 2017 and 2,302,191 shares at April 3, 2016	`TreasuryStockValue`	$12.18M	USD	Point-in-time
(Accumulated Deficit) Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$-1.25M	USD	Point-in-time
(Accumulated Deficit) Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$401.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$38.92M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$39.57M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$40.02M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$47.18M	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`	$84.34M	USD	Annual
Net sales	`SalesRevenueGoodsNet`	$65.98M	USD	Annual
Cost of products sold	`CostOfGoodsSold`	$60.53M	USD	Annual
Cost of products sold	`CostOfGoodsSold`	$46.57M	USD	Annual
Gross profit	`GrossProfit`	$23.81M	USD	Annual
Gross profit	`GrossProfit`	$19.41M	USD	Annual
Marketing and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$13.03M	USD	Annual
Marketing and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.71M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$8.70M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$10.79M	USD	Annual
Interest expense	`InterestExpense`	$68.00K	USD	Annual
Interest expense	`InterestExpense`	$58.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$69.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$134.00K	USD	Annual
Foreign exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-62.00K	USD	Annual
Foreign exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$26.00K	USD	Annual
Other - net	`OtherNonoperatingIncomeExpense`	$7.00K	USD	Annual
Other - net	`OtherNonoperatingIncomeExpense`	$4.00K	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.80M	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.74M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$3.92M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$3.22M	USD	Annual
Net income	`NetIncomeLoss`	$5.57M	USD	Annual
Net income	`NetIncomeLoss`	$6.83M	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.02M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.01M	shares	Annual
Effect of dilutive securities (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	28,000.00	shares	Annual
Effect of dilutive securities (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	21,000.00	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.04M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.04M	shares	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.68	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.56	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.55	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.68	USD	Annual
Dividends declared, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.72	USD	Annual
Dividends declared, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.57	USD	Annual

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.57M	USD	Annual
Net income	`NetIncomeLoss`	$6.83M	USD	Annual
Depreciation of property, plant and equipment	`DepreciationAndAmortization`	$178.00K	USD	Annual
Depreciation of property, plant and equipment	`DepreciationAndAmortization`	$310.00K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$754.00K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$748.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$697.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$165.00K	USD	Annual
Loss (gain) on sale of property, plant and equipment	`GainLossOnDispositionOfAssets`	$15.00K	USD	Annual
Loss (gain) on sale of property, plant and equipment	`GainLossOnDispositionOfAssets`	$-5.00K	USD	Annual
Reserve for unrecognized tax benefits	`IncreaseInReserveForUnrecognizedTaxBenefits`	$211.00K	USD	Annual
Reserve for unrecognized tax benefits	`IncreaseInReserveForUnrecognizedTaxBenefits`	$199.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$604.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$906.00K	USD	Annual
Tax shortfall from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$5.00K	USD	Annual
Tax shortfall from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.57M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.18M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.04M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-683.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-217.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$94.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-54.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$60.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$509.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$168.00K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-716.00K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-2.23M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.02M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.39M	USD	Annual
Capital expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$191.00K	USD	Annual
Capital expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$232.00K	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$31.00K	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Capital expenditures for purchased intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Capital expenditures for purchased intangible assets	`PaymentsToAcquireIntangibleAssets`	$123.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-191.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-324.00K	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$947.00K	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$2.84M	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$846.00K	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$786.00K	USD	Annual
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	Annual
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$278.00K	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.21M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$9.72M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.88M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.92M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.77M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$318.00K	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.89M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.57M	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`	$7.89M	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`	$1.81M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$3.04M	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$4.11M	USD	Annual
Interest paid	`InterestPaidNet`	$2.00K	USD	Annual
Interest paid	`InterestPaidNet`	$56.00K	USD	Annual
Dividends declared but unpaid	`DividendsPayableCurrentAndNoncurrent`	$803.00K	USD	Point-in-time
Dividends declared but unpaid	`DividendsPayableCurrentAndNoncurrent`	$3.30M	USD	Point-in-time
Compensation paid as common stock	`StockIssued1`	$108.00K	USD	Annual
Compensation paid as common stock	`StockIssued1`	$140.00K	USD	Annual

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Dividends declared, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.72	USD	Annual
Dividends declared, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.57	USD	Annual
Balances	`StockholdersEquity`	$38.92M	USD	Point-in-time
Balances	`StockholdersEquity`	$39.57M	USD	Point-in-time
Balances	`StockholdersEquity`	$40.02M	USD	Point-in-time
Issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$986.00K	USD	Annual
Issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$894.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$906.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$604.00K	USD	Annual
Net tax effect of stock-based compensation	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$273.00K	USD	Annual
Acquisition of treasury stock (in shares)	`TreasuryStockSharesAcquired`	99,000.00	shares	Annual
Acquisition of treasury stock (in shares)	`TreasuryStockSharesAcquired`	337,000.00	shares	Annual
Acquisition of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$2.84M	USD	Annual
Acquisition of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$947.00K	USD	Annual
Net income	`NetIncomeLoss`	$5.57M	USD	Annual
Net income	`NetIncomeLoss`	$6.83M	USD	Annual
Dividends declared on common stock	`DividendsCommonStock`	$5.71M	USD	Annual
Dividends declared on common stock	`DividendsCommonStock`	$7.22M	USD	Annual
Balances	`StockholdersEquity`	$38.92M	USD	Point-in-time
Balances	`StockholdersEquity`	$39.57M	USD	Point-in-time
Balances	`StockholdersEquity`	$40.02M	USD	Point-in-time

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