10-Q Filing

CROWN CRAFTS INC CIK: 25895 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-015002`
Period End Date	20180630
Filing Date	20180809
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	crws-20180701.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 36 Cash Flow Statement 58

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$565.00K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$543.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$215.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$199.00K	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
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`	$15.45M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	12.49M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	12.49M	shares	Point-in-time
Due from factor	`DueFromFactor`	$10.77M	USD	Point-in-time
Other	`OtherReceivablesNetCurrent`	$3.79M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	2.42M	shares	Point-in-time
Other	`OtherReceivablesNetCurrent`	$3.05M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	2.41M	shares	Point-in-time
Inventories	`InventoryNet`	$19.79M	USD	Point-in-time
Inventories	`InventoryNet`	$20.76M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.26M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$39.75M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$36.78M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$268.00K	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$257.00K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$272.00K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$273.00K	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$4.07M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$4.01M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$799.00K	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$799.00K	USD	Point-in-time
Property, plant and equipment - gross	`PropertyPlantAndEquipmentGross`	$5.39M	USD	Point-in-time
Property, plant and equipment - gross	`PropertyPlantAndEquipmentGross`	$5.35M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.57M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.65M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$1.74M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$1.78M	USD	Point-in-time
Tradename and trademarks	`FinitelivedTrademarksAndTradeNamesGross`	$3.67M	USD	Point-in-time
Tradename and trademarks	`FinitelivedTrademarksAndTradeNamesGross`	$3.67M	USD	Point-in-time
Customer relationships	`FiniteLivedCustomerRelationshipsGross`	$7.37M	USD	Point-in-time
Customer relationships	`FiniteLivedCustomerRelationshipsGross`	$7.37M	USD	Point-in-time
Other finite-lived intangible assets	`OtherFiniteLivedIntangibleAssetsGross`	$3.16M	USD	Point-in-time
Other finite-lived intangible assets	`OtherFiniteLivedIntangibleAssetsGross`	$3.16M	USD	Point-in-time
Finite-lived intangible assets gross	`FiniteLivedIntangibleAssetsGross`	$14.20M	USD	Point-in-time
Finite-lived intangible assets gross	`FiniteLivedIntangibleAssetsGross`	$14.20M	USD	Point-in-time
Less accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$6.93M	USD	Point-in-time
Less accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$7.13M	USD	Point-in-time
Finite-lived intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$7.07M	USD	Point-in-time
Finite-lived intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$7.27M	USD	Point-in-time
Goodwill, Ending Balance	`Goodwill`	$7.12M	USD	Point-in-time
Goodwill, Ending Balance	`Goodwill`	$7.12M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$512.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$532.00K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$120.00K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$120.00K	USD	Point-in-time
Total Assets	`Assets`	$53.35M	USD	Point-in-time
Total Assets	`Assets`	$56.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.07M	USD	Point-in-time
Accrued wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$842.00K	USD	Point-in-time
Accrued wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$1.05M	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$793.00K	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$156.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$806.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$807.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$81.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$40.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$516.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$540.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.79M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.84M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$9.46M	USD	Point-in-time
Reserve for unrecognized tax liabilities	`LiabilityForUncertainTaxPositionsNoncurrent`	$1.02M	USD	Point-in-time
Reserve for unrecognized tax liabilities	`LiabilityForUncertainTaxPositionsNoncurrent`	$1.04M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$4.88M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$10.47M	USD	Point-in-time
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at July 1, 2018 and April 1, 2018; Issued 12,493,789 shares at July 1, 2018 and April 1, 2018	`CommonStockValue`	$125.00K	USD	Point-in-time
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at July 1, 2018 and April 1, 2018; Issued 12,493,789 shares at July 1, 2018 and April 1, 2018	`CommonStockValue`	$125.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$52.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$52.87M	USD	Point-in-time
Treasury stock - at cost - 2,424,231 shares at July 1, 2018 and 2,408,025 shares at April 1, 2018	`TreasuryStockValue`	$12.33M	USD	Point-in-time
Treasury stock - at cost - 2,424,231 shares at July 1, 2018 and 2,408,025 shares at April 1, 2018	`TreasuryStockValue`	$12.23M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.99M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.45M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$39.32M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$38.79M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$53.35M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$56.58M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$13.65M	USD	1 Quarter
Net sales	`Revenues`	$15.46M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$11.33M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$10.04M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.13M	USD	1 Quarter
Marketing and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.69M	USD	1 Quarter
Marketing and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.90M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$443.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$701.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$99.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$20.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$41.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.00K	USD	1 Quarter
Other - net	`OtherNonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Other - net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$344.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$721.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$80.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$203.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$518.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$264.00K	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.04M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.07M	shares	1 Quarter
Effect of dilutive securities (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	11,000.00	shares	1 Quarter
Effect of dilutive securities (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	2,000.00	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.05M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.07M	shares	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.05	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 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$518.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$264.00K	USD	1 Quarter
Depreciation of property, plant and equipment	`DepreciationAndAmortization`	$138.00K	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`	$200.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$40.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$20.00K	USD	1 Quarter
Reserve for unrecognized tax benefits	`IncreaseInReserveForUnrecognizedTaxBenefits`	$28.00K	USD	1 Quarter
Reserve for unrecognized tax benefits	`IncreaseInReserveForUnrecognizedTaxBenefits`	$30.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$110.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$142.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.94M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.53M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-263.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$971.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$11.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$19.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.30M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$266.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$934.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-410.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.93M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.61M	USD	1 Quarter
Capital expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$102.00K	USD	1 Quarter
Capital expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-102.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-56.00K	USD	1 Quarter
Repayments under revolving line of credit	`RepaymentsOfLongTermLinesOfCredit`	-	USD	1 Quarter
Repayments under revolving line of credit	`RepaymentsOfLongTermLinesOfCredit`	$16.78M	USD	1 Quarter
Borrowings under revolving line of credit	`ProceedsFromLongTermLinesOfCredit`	-	USD	1 Quarter
Borrowings under revolving line of credit	`ProceedsFromLongTermLinesOfCredit`	$11.16M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$56.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$95.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$807.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$803.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-859.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.52M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.01M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.89M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$215.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.90M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$199.00K	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`	$215.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.90M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$199.00K	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$3.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$3.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	$75.00K	USD	1 Quarter
Dividends declared but unpaid	`DividendsPayableCurrentAndNoncurrent`	$805.00K	USD	Point-in-time
Dividends declared but unpaid	`DividendsPayableCurrentAndNoncurrent`	$806.00K	USD	Point-in-time
Compensation paid as common stock	`StockIssued1`	$116.00K	USD	1 Quarter
Compensation paid as common stock	`StockIssued1`	-	USD	1 Quarter

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