Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 167

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 1B
Chunk 167
---
515 
  
    Construction in process 
     754  
     1,410 
  
    Property, plant and equipment, gross 
     141,794  
     140,884 
  
    Accumulated depreciation and amortization 
     (77,160) 
     (73,397)
  
    Property, plant and equipment,
    net 
    $64,634  
    $67,487 

    Other non-current assets: 

    Cash surrender value benefits 
    $14,032  
    $12,029 
  
    Other 
     699  
     5 
  
    Other non-current assets 
    $14,731  
    $12,034 
  
    Accrued payroll, advertising, and other expenses: 

    Payroll, vacation, payroll taxes and employee benefits 
    $5,112  
    $4,610 
  
    Accrued advertising and broker commissions 
     386  
     732 
  
    Property taxes 
     431  
     444 
  
    Other 
     394  
     618 
  
    Accrued payroll, advertising,
    and other expenses 
    $6,323  
    $6,404 

    Other current liabilities (Notes 3 and 6): 

    Executive retirement plans 
    $333  
    $249 
  
    Incentive compensation 
     1,531  
     1,582 
  
    Finance lease obligation 
     62  
     62 
  
    Customer deposits 
     39  
     26 
  
    Postretirement healthcare benefits 
     37  
     36 
  
    Other current liabilities 
    $2,002  
    $1,955 

    Executive retirement plans and other non-current liabilities (Note 3): 

    Defined benefit retirement plan 
    $(5,212) 
    $(1,885)
  
    Incentive compensation 
     735  
     2,266 
  
    Finance lease obligation 
     162  
     28 
  
    Postretirement healthcare benefits 
     5,521  
     5,495 
  
    Other non-current liabilities 
    $1,206  
    $5,904 

     35 

NOTE 3 - Retirement and Other Benefit Plans:

Noncontributory-Trusteed
Defined