Core Metadata
| identifier | |
| source |
https://www.sec.gov/
|
| blake2b |
e8d348a373aa931a8e0fd6f344c61b0b6d0441a97c9961f7ece2856bc573b104c91efcaa390a9e62c36f561963cfcf07600a9995807da2aefd671b9207333709
|
| id |
0001193125/0001193125-14-363500/112
|
| format |
text/html
|
| size |
40822
|
| dataset_id |
edgar
|
| meta_url | |
| download_url |
Additional Metadata
JSON
{
"/ACCESSION-NUMBER": [
"0001193125-14-363500"
],
"/DATE-OF-FILING-DATE-CHANGE": [
"20141003"
],
"/FILING-DATE": [
"20141003"
],
"/PERIOD": [
"20140731"
],
"/PUBLIC-DOCUMENT-COUNT": [
"16"
],
"/TYPE": [
"10-K"
],
"FILER/BUSINESS-ADDRESS/CITY": [
"STOCKTON"
],
"FILER/BUSINESS-ADDRESS/PHONE": [
"209 467 6000"
],
"FILER/BUSINESS-ADDRESS/STATE": [
"CA"
],
"FILER/BUSINESS-ADDRESS/STREET1": [
"1050 SOUTH DIAMOND STREET"
],
"FILER/BUSINESS-ADDRESS/ZIP": [
"95205 7087"
],
"FILER/COMPANY-DATA/ASSIGNED-SIC": [
"2090"
],
"FILER/COMPANY-DATA/CIK": [
"0001320947"
],
"FILER/COMPANY-DATA/CONFORMED-NAME": [
"Diamond Foods Inc"
],
"FILER/COMPANY-DATA/FISCAL-YEAR-END": [
"0731"
],
"FILER/COMPANY-DATA/IRS-NUMBER": [
"941365192"
],
"FILER/COMPANY-DATA/STATE-OF-INCORPORATION": [
"DE"
],
"FILER/FILING-VALUES/ACT": [
"34"
],
"FILER/FILING-VALUES/FILE-NUMBER": [
"000-51439"
],
"FILER/FILING-VALUES/FILM-NUMBER": [
"141140886"
],
"FILER/FILING-VALUES/FORM-TYPE": [
"10-K"
],
"FILER/MAIL-ADDRESS/CITY": [
"STOCKTON"
],
"FILER/MAIL-ADDRESS/STATE": [
"CA"
],
"FILER/MAIL-ADDRESS/STREET1": [
"1050 SOUTH DIAMOND STREET"
],
"FILER/MAIL-ADDRESS/ZIP": [
"95205 7087"
],
"description": "IDEA: XBRL DOCUMENT",
"filename": "R41.htm",
"sequence": "112",
"type": "XML"
}
Would you train on this document?
Document Viewer
text/markdown
|**Quarterly Financial Information (Tables)** | 12 Months Ended
|--------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
|**Quarterly Financial Information Disclosure [Abstract]** |
|Quarterly Financial Information | FirstQuarter
Second
Quarter
Third
Quarter
Fourth
QuarterYear ended July 31,
2014Net sales
$
234,668
$
220,577
$
190,892
$
219,070Gross profit
57,933
55,928
45,096
49,289Operating expenses
(1)
84,190
53,913
56,320
41,161Net income (loss)
(2)
(42,153
)
(15,060
)
(105,633
)
(1,856
)Basic earnings (loss) per
share
(1.92
)
(0.68
)
(3.63
)
(0.06
)Basic shares (in
thousands)
21,954
22,052
29,119
30,993Diluted earnings (loss) per
share
(1.92
)
(0.68
)
(3.63
)
(0.06
)Diluted shares (in
thousands)
21,954
22,052
29,119
30,993
First
Quarter
Second
Quarter
Third
Quarter
Fourth
QuarterYear ended July 31,
2013Net sales
$
258,462
$
220,844
$
184,905
$
199,801Gross profit
58,546
50,569
43,350
53,058Operating expenses
(3)
54,742
25,935
45,230
197,880Net income (loss)
(4)
(10,729
)
10,141
(15,582
)
(143,741
)Basic earnings (loss) per
share
(0.49
)
0.46
(0.71
)
(6.56
)Basic shares (in
thousands)
21,753
21,781
21,819
21,905Diluted earnings (loss) per
share
(0.49
)
(0.37
)
(0.71
)
(6.56
)Diluted shares (in
thousands)
21,753
23,215
21,819
21,905
(1)
In the first quarter of
fiscal 2014, the Company reached a preliminary approval of which
was granted on September 26, 2013 to settle the private
securities class action pending against the Company and two of the
Company’s former officers. In the fourth quarter of fiscal
2013, the Company recognized an aggregate settlement liability of
$96.1 million which included a cash settlement of $11.0 million and
a stock settlement valued at $85.1 million at the close of the
stock market on August 20, 2013. For fiscal 2014, the Company
recorded a loss of $38.1 million a as a result of the change in the
fair value of the stock settlement in Selling, general and
administrative expenses.(2)
In the third quarter of fiscal 2014, the Company refinanced its
debt capital structure. The Company used the net proceeds of debt
refinancing transaction including proceeds from Oaktree’s
warrant exercise to (1) prepay approximately $348 million of
indebtedness outstanding under, and terminate, the Secured Credit
Facility, (2) prepay approximately $276 million of
indebtedness outstanding under, and terminate, the Oaktree Senior
Notes, (3) pay approximately $32.3 million of prepayment
premiums to the holders of the Oaktree Senior Notes resulting in a
debt extinguishment loss of approximately $83.0 million.(3)
In the fourth quarter of
fiscal 2013, the Company recorded settlement costs associated with
the private securities class action in the aggregate amount of
$96.1 million. Refer to Note 11 to the Notes to the Consolidated
Financial Statements for further detail. Additionally, the Company
recorded asset impairment charges of $37.6 million related to brand
intangibles and customer contracts and related relationships. Refer
to Note 5 to the Notes to the Consolidated Financial
Statements.(4)
During the preparation of
the Quarterly Report on Form 10-Q for the first quarter of fiscal
2014, the Company determined that the statutory income tax rate
used to value United Kingdom deferred taxes was not correct as of
July 31, 2013. This was due to a change in the statutory tax
rate enacted in the fourth quarter of fiscal 2013, which resulted
in a $3.2 million overstatement of the net deferred income tax
liability balance at July 31, 2013 and a $3.3 million
understatement of the income tax benefit for the year. Refer to
Note 1 to the Notes to the Consolidated Financial
Statements.
| |
| |
|Year ended July 31,
2014 |
|Net sales |
|Gross profit |
|Operating expenses
(1) |
|Net income (loss)
(2) |
|Basic earnings (loss) per
share |
|Basic shares (in
thousands) |
|Diluted earnings (loss) per
share |
|Diluted shares (in
thousands) |
| |
| |
|Year ended July 31,
2013 |
|Net sales |
|Gross profit |
|Operating expenses
(3) |
|Net income (loss)
(4) |
|Basic earnings (loss) per
share |
|Basic shares (in
thousands) |
|Diluted earnings (loss) per
share |
|Diluted shares (in
thousands) |
|(1) | In the first quarter of
fiscal 2014, the Company reached a preliminary approval of which
was granted on September 26, 2013 to settle the private
securities class action pending against the Company and two of the
Company’s former officers. In the fourth quarter of fiscal
2013, the Company recognized an aggregate settlement liability of
$96.1 million which included a cash settlement of $11.0 million and
a stock settlement valued at $85.1 million at the close of the
stock market on August 20, 2013. For fiscal 2014, the Company
recorded a loss of $38.1 million a as a result of the change in the
fair value of the stock settlement in Selling, general and
administrative expenses.
|(2) | In the third quarter of fiscal 2014, the Company refinanced its
debt capital structure. The Company used the net proceeds of debt
refinancing transaction including proceeds from Oaktree’s
warrant exercise to (1) prepay approximately $348 million of
indebtedness outstanding under, and terminate, the Secured Credit
Facility, (2) prepay approximately $276 million of
indebtedness outstanding under, and terminate, the Oaktree Senior
Notes, (3) pay approximately $32.3 million of prepayment
premiums to the holders of the Oaktree Senior Notes resulting in a
debt extinguishment loss of approximately $83.0 million.
|(3) | In the fourth quarter of
fiscal 2013, the Company recorded settlement costs associated with
the private securities class action in the aggregate amount of
$96.1 million. Refer to Note 11 to the Notes to the Consolidated
Financial Statements for further detail. Additionally, the Company
recorded asset impairment charges of $37.6 million related to brand
intangibles and customer contracts and related relationships. Refer
to Note 5 to the Notes to the Consolidated Financial
Statements.
|(4) | During the preparation of
the Quarterly Report on Form 10-Q for the first quarter of fiscal
2014, the Company determined that the statutory income tax rate
used to value United Kingdom deferred taxes was not correct as of
July 31, 2013. This was due to a change in the statutory tax
rate enacted in the fourth quarter of fiscal 2013, which resulted
in a $3.2 million overstatement of the net deferred income tax
liability balance at July 31, 2013 and a $3.3 million
understatement of the income tax benefit for the year. Refer to
Note 1 to the Notes to the Consolidated Financial
Statements.
X- Details**Name:**
us-gaap_QuarterlyFinancialInformationDisclosureAbstract**Namespace Prefix:**
us-gaap_**Data Type:**
xbrli:stringItemType**Balance Type:**
na**Period Type:**
duration X- DefinitionTabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data.+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306+ Details**Name:**
us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock**Namespace Prefix:**
us-gaap_**Data Type:**
nonnum:textBlockItemType**Balance Type:**
na**Period Type:**
duration