10-Q Filing

HIBBETT INC CIK: 1017480 Q3 2010

Filing Information

Form Type	10-Q
Accession Number	`0001017480-10-000037`
Period End Date	20101031
Filing Date	20101206
Fiscal Year	2010
Fiscal Period	Q3
XBRL Instance	hibb-20101030.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 56 Cash Flow Statement 42

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.69M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.65M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.82M	USD	Point-in-time
Inventories, net	`InventoryNet`	$178.08M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$169.39M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$15.89M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$12.44M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$231.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$246.46M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$140.99M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$136.26M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$95.17M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	36.69M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$102.53M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	36.44M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$41.08M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	9.00M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	7.76M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$38.46M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$5.38M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$4.10M	USD	Point-in-time
Total Assets	`Assets`	$276.70M	USD	Point-in-time
Total Assets	`Assets`	$290.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$64.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$71.52M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$6.15M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$8.01M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$4.92M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$4.10M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.46M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Short-term debt and capital lease obligations	`ShortTermBorrowings`	$217.00K	USD	Point-in-time
Short-term debt and capital lease obligations	`ShortTermBorrowings`	$117.00K	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$3.48M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$4.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$83.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$86.27M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$14.22M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$12.97M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$4.14M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$3.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$103.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$101.62M	USD	Point-in-time
Preferred stock, $.01 par value, 1,000,000 shares authorized, no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value, 1,000,000 shares authorized, no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 36,689,264 and 36,436,503 shares issued at October 30, 2010 and January 30, 2010, respectively	`CommonStockValue`	$367.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 36,689,264 and 36,436,503 shares issued at October 30, 2010 and January 30, 2010, respectively	`CommonStockValue`	$364.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$98.11M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$106.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$277.49M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$243.55M	USD	Point-in-time
Treasury stock, at cost; 8,997,638 and 7,761,813 shares repurchased at October 30, 2010 and January 30, 2010, respectively	`TreasuryStockValue`	$166.94M	USD	Point-in-time
Treasury stock, at cost; 8,997,638 and 7,761,813 shares repurchased at October 30, 2010 and January 30, 2010, respectively	`TreasuryStockValue`	$197.01M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$186.94M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$175.08M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$276.70M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$290.30M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$145.85M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$426.67M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$491.75M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$167.42M	USD	1 Quarter
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$287.55M	USD	3 Qtrs
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$321.80M	USD	3 Qtrs
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$108.36M	USD	1 Quarter
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$96.22M	USD	1 Quarter
Gross profit	`GrossProfit`	$169.94M	USD	3 Qtrs
Gross profit	`GrossProfit`	$49.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$59.06M	USD	1 Quarter
Gross profit	`GrossProfit`	$139.12M	USD	3 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$95.35M	USD	3 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$32.17M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$35.60M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$105.46M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.33M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.37M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.24M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$54.24M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$20.09M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$33.44M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$13.94M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$2.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$36.00K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$64.00K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$13.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$33.40M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.07M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.94M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$54.18M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.17M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.61M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.49M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.24M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$20.80M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$12.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.94M	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.73	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.19	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.72	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.44	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.16	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.62M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.21M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.65M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.58M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.05M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.80M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.10M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.18M	shares	3 Qtrs

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$20.80M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$12.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.94M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.33M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.37M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.24M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.32M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.70M	USD	3 Qtrs
Other non-cash adjustments to net income	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$-2.44M	USD	3 Qtrs
Other non-cash adjustments to net income	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$-2.98M	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-9.07M	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-22.56M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.44M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$35.83M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$6.97M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$6.46M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$236.00K	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-120.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.69M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.85M	USD	3 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	-	USD	3 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$29.92M	USD	3 Qtrs
Net proceeds (payments) on revolving credit facility and capital lease obligations	`RepaymentsOfLinesOfCreditProceedsFromLinesOfCredit`	$-67.00K	USD	3 Qtrs
Net proceeds (payments) on revolving credit facility and capital lease obligations	`RepaymentsOfLinesOfCreditProceedsFromLinesOfCredit`	$-52.00K	USD	3 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansAndProceedsFromStockOptionsExercised`	$883.00K	USD	3 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansAndProceedsFromStockOptionsExercised`	$2.62M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$752.00K	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.03M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.58M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-26.33M	USD	3 Qtrs
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.17M	USD	3 Qtrs
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.80M	USD	3 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$49.69M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$20.65M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$52.49M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$24.82M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$49.69M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$20.65M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$52.49M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$24.82M	USD	Point-in-time

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