10-K Filing

CROWN CRAFTS INC CIK: 25895 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001437749-20-012786`
Period End Date	20200331
Filing Date	20200610
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	crws-20200329.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 32 Cash Flow Statement 66 Stockholders Equity 20

Balance Sheet 94 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$530.00K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$407.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$215.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$282.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$143.00K	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`	$17.25M	USD	Point-in-time
Due from factor	`DueFromFactor`	$17.07M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	12.60M	shares	Point-in-time
Other	`OtherReceivablesNetCurrent`	$731.00K	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	2.42M	shares	Point-in-time
Other	`OtherReceivablesNetCurrent`	$522.00K	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	2.44M	shares	Point-in-time
Inventories	`InventoryNet`	$17.73M	USD	Point-in-time
Inventories	`InventoryNet`	$19.53M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.23M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$37.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$38.68M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$1.90M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$4.90M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$246.00K	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$323.00K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$404.00K	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`	$3.99M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$793.00K	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$799.00K	USD	Point-in-time
Property, plant and equipment - gross	`PropertyPlantAndEquipmentGross`	$5.43M	USD	Point-in-time
Property, plant and equipment - gross	`PropertyPlantAndEquipmentGross`	$5.67M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.75M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.43M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$2.00M	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`	$8.62M	USD	Point-in-time
Finite-lived intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$5.58M	USD	Point-in-time
Finite-lived intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$6.43M	USD	Point-in-time
Goodwill	`Goodwill`	$7.12M	USD	Point-in-time
Goodwill	`Goodwill`	$7.12M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$524.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$439.00K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$95.00K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$97.00K	USD	Point-in-time
Total Assets	`Assets`	$54.78M	USD	Point-in-time
Total Assets	`Assets`	$57.17M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.20M	USD	Point-in-time
Accrued wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$1.78M	USD	Point-in-time
Accrued wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$1.82M	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$398.00K	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$370.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$810.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$813.00K	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$191.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$483.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$352.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.48M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.49M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.58M	USD	Point-in-time
Operating lease liabilities, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$4.96M	USD	Point-in-time
Operating lease liabilities, noncurrent	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Reserve for unrecognized tax liabilities	`LiabilityForUncertainTaxPositionsNoncurrent`	$721.00K	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`	$8.26M	USD	Point-in-time
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at March 29, 2020 and March 31, 2019; Issued 12,603,301 shares at March 29, 2020 and 12,546,789 shares at March 31, 2019	`CommonStockValue`	$125.00K	USD	Point-in-time
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at March 29, 2020 and March 31, 2019; Issued 12,603,301 shares at March 29, 2020 and 12,546,789 shares at March 31, 2019	`CommonStockValue`	$126.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$53.61M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$53.25M	USD	Point-in-time
Treasury stock - at cost - 2,436,494 shares at March 29, 2020 and 2,424,231 shares at March 31, 2019	`TreasuryStockValue`	$12.33M	USD	Point-in-time
Treasury stock - at cost - 2,436,494 shares at March 29, 2020 and 2,424,231 shares at March 31, 2019	`TreasuryStockValue`	$12.41M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$1.11M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$338.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$42.44M	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 Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$57.17M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$54.78M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$73.40M	USD	Annual
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$76.38M	USD	Annual
Cost of products sold	`CostOfGoodsAndServicesSold`	$54.07M	USD	Annual
Cost of products sold	`CostOfGoodsAndServicesSold`	$51.81M	USD	Annual
Gross profit	`GrossProfit`	$22.31M	USD	Annual
Gross profit	`GrossProfit`	$21.59M	USD	Annual
Marketing and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$13.85M	USD	Annual
Marketing and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$15.19M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$7.74M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$7.11M	USD	Annual
Interest expense - net of interest income	`InterestIncomeExpenseNonoperatingNet`	$-325.00K	USD	Annual
Interest expense - net of interest income	`InterestIncomeExpenseNonoperatingNet`	$-2.00K	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$15.00K	USD	Annual
Other - net	`OtherNonoperatingIncomeExpense`	$3.00K	USD	Annual
Other - net	`OtherNonoperatingIncomeExpense`	$18.00K	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.79M	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.77M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$1.77M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$1.21M	USD	Annual
Net income	`NetIncomeLoss`	$6.56M	USD	Annual
Net income	`NetIncomeLoss`	$5.02M	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.09M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.15M	shares	Annual
Effect of dilutive securities (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	1,000.00	shares	Annual
Effect of dilutive securities (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	2,000.00	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.15M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.09M	shares	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.65	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.50	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.65	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.50	USD	Annual

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.56M	USD	Annual
Net income	`NetIncomeLoss`	$5.02M	USD	Annual
Depreciation of property, plant and equipment	`Depreciation`	$716.00K	USD	Annual
Depreciation of property, plant and equipment	`Depreciation`	$640.00K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$840.00K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$855.00K	USD	Annual
Amortization of right of use assets	`AmortizationOfRightOfUseAssets`	-	USD	Annual
Amortization of right of use assets	`AmortizationOfRightOfUseAssets`	$1.59M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$8.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$85.00K	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$15.00K	USD	Annual
Reserve for unrecognized tax liabilities	`IncreaseInReserveForUnrecognizedTaxBenefits`	$-473.00K	USD	Annual
Reserve for unrecognized tax liabilities	`IncreaseInReserveForUnrecognizedTaxBenefits`	$177.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$297.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$377.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-726.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$31.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-1.80M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-254.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-6.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-23.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-23.00K	USD	Annual
Lease liabilities	`IncreaseDecreaseInLeaseLiability`	-	USD	Annual
Lease liabilities	`IncreaseDecreaseInLeaseLiability`	$-1.44M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.33M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$402.00K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$485.00K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-98.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.53M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.97M	USD	Annual
Capital expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$751.00K	USD	Annual
Capital expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$705.00K	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$27.00K	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-751.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-678.00K	USD	Annual
Repayments under revolving line of credit	`RepaymentsOfLongTermLinesOfCredit`	$63.13M	USD	Annual
Repayments under revolving line of credit	`RepaymentsOfLongTermLinesOfCredit`	$50.95M	USD	Annual
Borrowings under revolving line of credit	`ProceedsFromLongTermLinesOfCredit`	$49.05M	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`	$82.00K	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$63.00K	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.23M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.79M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.29M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.71M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$139.00K	USD	Annual
Net increase (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`	$282.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$143.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$215.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$282.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$143.00K	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$1.68M	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$1.67M	USD	Annual
Interest paid	`InterestPaidNet`	$80.00K	USD	Annual
Interest paid	`InterestPaidNet`	$237.00K	USD	Annual
Property, plant and equipment purchased but unpaid	`CapitalExpendituresIncurredButNotYetPaid`	$101.00K	USD	Annual
Property, plant and equipment purchased but unpaid	`CapitalExpendituresIncurredButNotYetPaid`	$33.00K	USD	Annual
Dividends declared but unpaid	`DividendsPayableCurrentAndNoncurrent`	$813.00K	USD	Point-in-time
Dividends declared but unpaid	`DividendsPayableCurrentAndNoncurrent`	$810.00K	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Dividends declared, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.57	USD	Annual
Dividends declared, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.32	USD	Annual
Balances	`StockholdersEquity`	$42.44M	USD	Point-in-time
Balances	`StockholdersEquity`	$41.39M	USD	Point-in-time
Balances	`StockholdersEquity`	$39.32M	USD	Point-in-time
Issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$63.00K	USD	Annual
Issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	-	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$377.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$297.00K	USD	Annual
Acquisition of treasury stock (in shares)	`TreasuryStockSharesAcquired`	12,000.00	shares	Annual
Acquisition of treasury stock (in shares)	`TreasuryStockSharesAcquired`	16,000.00	shares	Annual
Acquisition of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$95.00K	USD	Annual
Acquisition of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$82.00K	USD	Annual
Net income	`NetIncomeLoss`	$6.56M	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`	$5.79M	USD	Annual
Balances	`StockholdersEquity`	$42.44M	USD	Point-in-time
Balances	`StockholdersEquity`	$41.39M	USD	Point-in-time
Balances	`StockholdersEquity`	$39.32M	USD	Point-in-time

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