10-Q Filing

CROWN CRAFTS INC CIK: 25895 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001437749-17-014332`
Period End Date	20170630
Filing Date	20170810
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	crws-20170702.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 36 Cash Flow Statement 56

Balance Sheet 85 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`	$631.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.89M	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`	$11.90M	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`	$14.92M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	12.47M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	12.42M	shares	Point-in-time
Due from factor	`DueFromFactor`	$10.62M	USD	Point-in-time
Other	`OtherReceivablesNetCurrent`	$2.46M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	2.41M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	2.40M	shares	Point-in-time
Other	`OtherReceivablesNetCurrent`	$693.00K	USD	Point-in-time
Inventories	`InventoryNet`	$15.82M	USD	Point-in-time
Inventories	`InventoryNet`	$15.56M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.78M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$41.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$42.35M	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`	$248.00K	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.40M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.45M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$789.00K	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$789.00K	USD	Point-in-time
Property, plant and equipment - gross	`PropertyPlantAndEquipmentGross`	$3.68M	USD	Point-in-time
Property, plant and equipment - gross	`PropertyPlantAndEquipmentGross`	$3.74M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.27M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.24M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$461.00K	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`	$6.28M	USD	Point-in-time
Less accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$6.09M	USD	Point-in-time
Finite-lived intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$3.13M	USD	Point-in-time
Finite-lived intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$2.94M	USD	Point-in-time
Goodwill	`Goodwill`	$1.13M	USD	Point-in-time
Goodwill	`Goodwill`	$1.10M	USD	Point-in-time
Goodwill	`Goodwill`	$1.13M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.24M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.20M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$139.00K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$140.00K	USD	Point-in-time
Total Assets	`Assets`	$47.18M	USD	Point-in-time
Total Assets	`Assets`	$48.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.15M	USD	Point-in-time
Accrued wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$882.00K	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`	$985.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$805.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$803.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$224.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$368.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$245.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$203.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.66M	USD	Point-in-time
Reserve for unrecognized tax benefits	`LiabilityForUncertainTaxPositionsNoncurrent`	$718.00K	USD	Point-in-time
Reserve for unrecognized tax benefits	`LiabilityForUncertainTaxPositionsNoncurrent`	$688.00K	USD	Point-in-time
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at July 2, 2017 and April 2, 2017; Issued 12,465,789 shares at July 2, 2017 and 12,423,539 shares at April 2, 2017	`CommonStockValue`	$125.00K	USD	Point-in-time
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at July 2, 2017 and April 2, 2017; Issued 12,465,789 shares at July 2, 2017 and 12,423,539 shares at April 2, 2017	`CommonStockValue`	$124.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$52.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$52.48M	USD	Point-in-time
Treasury stock - at cost - 2,408,025 shares at July 2, 2017 and 2,401,066 shares at April 2, 2017	`TreasuryStockValue`	$12.18M	USD	Point-in-time
Treasury stock - at cost - 2,408,025 shares at July 2, 2017 and 2,401,066 shares at April 2, 2017	`TreasuryStockValue`	$12.23M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.53M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.25M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$38.84M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$38.92M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$47.18M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$48.22M	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`	$13.65M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$10.04M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$11.31M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.29M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.60M	USD	1 Quarter
Marketing and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.90M	USD	1 Quarter
Marketing and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.84M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$701.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.45M	USD	1 Quarter
Interest expense	`InterestExpense`	$19.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$20.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$41.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$29.00K	USD	1 Quarter
Foreign exchange (loss) gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$31.00K	USD	1 Quarter
Foreign exchange (loss) gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.00K	USD	1 Quarter
Other - net	`OtherNonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Other - net	`OtherNonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$721.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.49M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$203.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$387.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$518.00K	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.98M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.04M	shares	1 Quarter
Effect of dilutive securities (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	11,000.00	shares	1 Quarter
Effect of dilutive securities (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	46,000.00	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.05M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.03M	shares	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.05	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 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$518.00K	USD	1 Quarter
Depreciation of property, plant and equipment	`DepreciationAndAmortization`	$48.00K	USD	1 Quarter
Depreciation of property, plant and equipment	`DepreciationAndAmortization`	$36.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$189.00K	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`	$40.00K	USD	1 Quarter
Reserve for unrecognized tax benefits	`IncreaseInReserveForUnrecognizedTaxBenefits`	$30.00K	USD	1 Quarter
Reserve for unrecognized tax benefits	`IncreaseInReserveForUnrecognizedTaxBenefits`	$40.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$142.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$161.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.10M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.53M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-263.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.00M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$19.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-283.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-5.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$266.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$986.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$934.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$143.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.93M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.30M	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
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-56.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-101.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$211.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$56.00K	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$191.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.30M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$803.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.32M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-859.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.87M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.01M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.45M	USD	Point-in-time
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`	$11.90M	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`	$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`	$11.90M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$3.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$825.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$2.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Dividends declared but unpaid	`DividendsPayableCurrentAndNoncurrent`	$799.00K	USD	Point-in-time
Dividends declared but unpaid	`DividendsPayableCurrentAndNoncurrent`	$805.00K	USD	Point-in-time
Compensation paid as common stock	`StockIssued1`	$116.00K	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.