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Document And Entity Information - shares
3 Months Ended
Mar. 31, 2016
Apr. 18, 2016
Document And Entity Information    
Entity Registrant Name LIFEWAY FOODS INC  
Entity Central Index Key 0000814586  
Document Type 10-Q/A  
Document Period End Date Mar. 31, 2016  
Amendment Flag true  
Amendment description

On August 12, 2016, the Audit Committee of the Board of Directors (the "Board") of Lifeway Foods, Inc. (the "Company"), upon the recommendation of management, determined that the consolidated financial statements as of and for the three months ended March 31, 2016 presented in Lifeway's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2016 ("First Quarter Form 10-Q"), filed on May 10, 2016, should be restated to correct errors that resulted in misstatements of inventories, accounts payable, accrued expenses, costs of goods sold, selling expenses and general and administrative expense. The corrections of the errors have the effect of increasing pretax income by $502, net income by $307 and increasing basic and common diluted earnings per share by $0.02 for the three months ended March 31, 2016.   A detailed description of the restatement is presented in Note 1, under the caption Restatement of previously issued consolidated financial statements.

 

This First Quarter Form 10-Q/A reflects changes to the consolidated financial statements and Note 5, Inventories and Note 7 Accrued Expenses. In addition, in connection with the restatement discussed above, this First Quarter Form 10-Q/A reflects the revision of management's discussion and analysis of financial condition and results of operations in Item 2 of Part I; the revision of disclosures regarding controls and procedures in Item 4 of Part I; the revision of risk factors in Item 1A of Part II; and the revision of the exhibits listed in Item 6 of Part II. For ease of reference, the First Quarter Form 10-Q is restated herein in its entirety except as set forth above.  The First Quarter Form 10-Q continues to speak as of the date of the First Quarter Form 10-Q and has not been updated for events or information subsequent to the date of filing of the original First Quarter Form 10-Q except as set forth above.  As a result, this Quarterly Report on Form 10-Q/A contains forward-looking information which has not been updated for events subsequent to the date of the original filing. Accordingly, this First Quarter Form 10-Q/A should be read in conjunction with the Company's other filings made with the Securities and Exchange Commission ("SEC").

 
Current Fiscal Year End Date --12-31  
Is Entity a Well-known Seasoned Issuer No  
Is Entity a Voluntary Filer No  
Is Entity's Reporting Status Current Yes  
Entity Filer Category Accelerated Filer  
Entity Common Stock, Shares Outstanding   16,158,858
Document Fiscal Period Focus Q1  
Document Fiscal Year Focus 2016