10-K Filing

CROWN CRAFTS INC CIK: 25895 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001437749-19-011913`
Period End Date	20190331
Filing Date	20190613
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	crws-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 32 Cash Flow Statement 64 Stockholders Equity 20

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`	$407.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$215.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$143.00K	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
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`	12.55M	shares	Point-in-time
Due from factor	`DueFromFactor`	$15.45M	USD	Point-in-time
Due from factor	`DueFromFactor`	$17.25M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	12.49M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	2.41M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	2.42M	shares	Point-in-time
Other	`OtherReceivablesNetCurrent`	$522.00K	USD	Point-in-time
Other	`OtherReceivablesNetCurrent`	$3.05M	USD	Point-in-time
Inventories	`InventoryNet`	$19.79M	USD	Point-in-time
Inventories	`InventoryNet`	$19.53M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.23M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$38.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$39.75M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$323.00K	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$268.00K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$272.00K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$282.00K	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$4.27M	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`	$5.67M	USD	Point-in-time
Property, plant and equipment - gross	`PropertyPlantAndEquipmentGross`	$5.35M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.75M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.57M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$1.78M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$1.92M	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`	$7.77M	USD	Point-in-time
Less accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$6.93M	USD	Point-in-time
Finite-lived intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$6.43M	USD	Point-in-time
Finite-lived intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$7.27M	USD	Point-in-time
Goodwill	`Goodwill`	$7.12M	USD	Point-in-time
Goodwill	`Goodwill`	$7.12M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$524.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$532.00K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$120.00K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$97.00K	USD	Point-in-time
Total Assets	`Assets`	$56.58M	USD	Point-in-time
Total Assets	`Assets`	$54.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.20M	USD	Point-in-time
Accrued wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$1.82M	USD	Point-in-time
Accrued wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$842.00K	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$793.00K	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$398.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$810.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$807.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$40.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$76.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$407.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$540.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.79M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.49M	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`	$1.19M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$5.68M	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 March 31, 2019 and April 1, 2018; Issued 12,546,789 shares at March 31, 2019 and 12,493,789 shares at April 1, 2018	`CommonStockValue`	$125.00K	USD	Point-in-time
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at March 31, 2019 and April 1, 2018; Issued 12,546,789 shares at March 31, 2019 and 12,493,789 shares at April 1, 2018	`CommonStockValue`	$125.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$53.25M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$52.87M	USD	Point-in-time
Treasury stock - at cost - 2,424,231 shares at March 31, 2019 and 2,408,025 shares at April 1, 2018	`TreasuryStockValue`	$12.23M	USD	Point-in-time
Treasury stock - at cost - 2,424,231 shares at March 31, 2019 and 2,408,025 shares at April 1, 2018	`TreasuryStockValue`	$12.33M	USD	Point-in-time
Retained Earnings (Accumulated Deficit)	`RetainedEarningsAccumulatedDeficit`	$-1.45M	USD	Point-in-time
Retained Earnings (Accumulated Deficit)	`RetainedEarningsAccumulatedDeficit`	$338.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$41.39M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$39.32M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$38.92M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$54.78M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$56.58M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$70.27M	USD	Annual
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$76.38M	USD	Annual
Cost of products sold	`CostOfGoodsAndServicesSold`	$50.49M	USD	Annual
Cost of products sold	`CostOfGoodsAndServicesSold`	$54.07M	USD	Annual
Gross profit	`GrossProfit`	$22.31M	USD	Annual
Gross profit	`GrossProfit`	$19.78M	USD	Annual
Marketing and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$15.19M	USD	Annual
Marketing and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$14.27M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$5.51M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$7.11M	USD	Annual
Interest expense	`InterestExpense`	$325.00K	USD	Annual
Interest expense	`InterestExpense`	$162.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$79.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	-	USD	Annual
Other - net	`OtherNonoperatingIncomeExpense`	$-3.00K	USD	Annual
Other - net	`OtherNonoperatingIncomeExpense`	$3.00K	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.79M	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.42M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$1.77M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$2.40M	USD	Annual
Net income	`NetIncomeLoss`	$3.02M	USD	Annual
Net income	`NetIncomeLoss`	$5.02M	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.09M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.07M	shares	Annual
Effect of dilutive securities (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	7,000.00	shares	Annual
Effect of dilutive securities (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	2,000.00	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.09M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.08M	shares	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.30	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.50	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.50	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.30	USD	Annual

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.02M	USD	Annual
Net income	`NetIncomeLoss`	$5.02M	USD	Annual
Depreciation of property, plant and equipment	`DepreciationAndAmortization`	$640.00K	USD	Annual
Depreciation of property, plant and equipment	`DepreciationAndAmortization`	$333.00K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$840.00K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$836.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$8.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$708.00K	USD	Annual
Loss on sale of property, plant and equipment	`GainLossOnDispositionOfAssets`	$-2.00K	USD	Annual
Loss on sale of property, plant and equipment	`GainLossOnDispositionOfAssets`	-	USD	Annual
Reserve for unrecognized tax liabilities	`IncreaseInReserveForUnrecognizedTaxBenefits`	$177.00K	USD	Annual
Reserve for unrecognized tax liabilities	`IncreaseInReserveForUnrecognizedTaxBenefits`	$329.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$539.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$377.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.88M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-726.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-254.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-297.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-23.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-655.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-23.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-19.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.70M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$402.00K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$300.00K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$485.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.97M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.45M	USD	Annual
Capital expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$221.00K	USD	Annual
Capital expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$751.00K	USD	Annual
Payments for acquisitions, net of liabilities assumed	`PaymentsToAcquireBusinessesGross`	-	USD	Annual
Payments for acquisitions, net of liabilities assumed	`PaymentsToAcquireBusinessesGross`	$15.24M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-751.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.47M	USD	Annual
Repayments under revolving line of credit	`RepaymentsOfLongTermLinesOfCredit`	$63.13M	USD	Annual
Repayments under revolving line of credit	`RepaymentsOfLongTermLinesOfCredit`	$15.91M	USD	Annual
Borrowings under revolving line of credit	`ProceedsFromLongTermLinesOfCredit`	$25.37M	USD	Annual
Borrowings under revolving line of credit	`ProceedsFromLongTermLinesOfCredit`	$58.16M	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$95.00K	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$56.00K	USD	Annual
Payments on capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$845.00K	USD	Annual
Payments on capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.22M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.23M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.34M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.29M	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.68M	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-72.00K	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$215.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$143.00K	USD	Point-in-time
Cash and cash equivalents at beginning 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`	$143.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.89M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$1.67M	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$1.67M	USD	Annual
Interest paid	`InterestPaidNet`	$67.00K	USD	Annual
Interest paid	`InterestPaidNet`	$237.00K	USD	Annual
Property, plant and equipment purchased but unpaid	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	Annual
Property, plant and equipment purchased but unpaid	`CapitalExpendituresIncurredButNotYetPaid`	$33.00K	USD	Annual
Dividends declared but unpaid	`DividendsPayableCurrentAndNoncurrent`	$810.00K	USD	Point-in-time
Dividends declared but unpaid	`DividendsPayableCurrentAndNoncurrent`	$807.00K	USD	Point-in-time
Compensation paid as common stock	`StockIssued1`	-	USD	Annual
Compensation paid as common stock	`StockIssued1`	$116.00K	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Dividends declared, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.32	USD	Annual
Dividends declared, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.32	USD	Annual
Balances	`StockholdersEquity`	$41.39M	USD	Point-in-time
Balances	`StockholdersEquity`	$39.32M	USD	Point-in-time
Balances	`StockholdersEquity`	$38.92M	USD	Point-in-time
Issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$116.00K	USD	Annual
Issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	-	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$539.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$377.00K	USD	Annual
Acquisition of treasury stock (in shares)	`TreasuryStockSharesAcquired`	16,000.00	shares	Annual
Acquisition of treasury stock (in shares)	`TreasuryStockSharesAcquired`	7,000.00	shares	Annual
Acquisition of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$95.00K	USD	Annual
Acquisition of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$56.00K	USD	Annual
Net income	`NetIncomeLoss`	$3.02M	USD	Annual
Net income	`NetIncomeLoss`	$5.02M	USD	Annual
Dividends declared on common stock	`DividendsCommonStock`	$3.23M	USD	Annual
Dividends declared on common stock	`DividendsCommonStock`	$3.23M	USD	Annual
Balances	`StockholdersEquity`	$41.39M	USD	Point-in-time
Balances	`StockholdersEquity`	$39.32M	USD	Point-in-time
Balances	`StockholdersEquity`	$38.92M	USD	Point-in-time

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