10-Q Filing

HIBBETT INC CIK: 1017480 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001017480-11-000054`
Period End Date	20111031
Filing Date	20111206
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	hibb-20111029.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 56 Cash Flow Statement 44

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.69M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$75.52M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$174.88M	USD	Point-in-time
Inventories, net	`InventoryNet`	$197.20M	USD	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
Other current assets	`OtherAssetsCurrent`	$18.95M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$18.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$268.91M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$269.34M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$144.26M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.13M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$150.45M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.41M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$110.90M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$104.21M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	9.22M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	10.89M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$39.56M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$40.06M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$4.87M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$4.81M	USD	Point-in-time
Total Assets	`Assets`	$314.26M	USD	Point-in-time
Total Assets	`Assets`	$313.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$75.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$85.05M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$7.03M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$9.82M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$4.03M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.71M	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$312.00K	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$211.00K	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$4.16M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$4.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$100.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$94.33M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$11.59M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$12.82M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$7.03M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$6.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$114.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$118.20M	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, 37,407,235 and 37,130,646 shares issued at October 29, 2011 and January 29, 2011 respectively	`CommonStockValue`	$371.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 37,407,235 and 37,130,646 shares issued at October 29, 2011 and January 29, 2011 respectively	`CommonStockValue`	$374.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$124.83M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$114.57M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$333.19M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$289.95M	USD	Point-in-time
Treasury stock, at cost; 10,894,870 and 9,223,038 shares repurchased at October 29, 2011 and January 29, 2011, respectively	`TreasuryStockValue`	$204.80M	USD	Point-in-time
Treasury stock, at cost; 10,894,870 and 9,223,038 shares repurchased at October 29, 2011 and January 29, 2011, respectively	`TreasuryStockValue`	$263.31M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$195.08M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$200.09M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$313.28M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$314.26M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$167.42M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$541.96M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$185.18M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$491.75M	USD	3 Qtrs
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$117.36M	USD	1 Quarter
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`	$347.71M	USD	3 Qtrs
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$108.36M	USD	1 Quarter
Gross profit	`GrossProfit`	$59.06M	USD	1 Quarter
Gross profit	`GrossProfit`	$67.82M	USD	1 Quarter
Gross profit	`GrossProfit`	$169.94M	USD	3 Qtrs
Gross profit	`GrossProfit`	$194.25M	USD	3 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$39.51M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$115.86M	USD	3 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$105.46M	USD	3 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$35.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.33M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.37M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.24M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$9.91M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$20.09M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$24.97M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$68.48M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$54.24M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-13.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-168.00K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-51.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-64.00K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$54.18M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.07M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$24.92M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$68.31M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.49M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.96M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.24M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$25.08M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$43.24M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$15.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.94M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$12.59M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.59	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.19	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.60	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.59	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.56	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.16	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.44	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.21M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.75M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.15M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.58M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.18M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.68M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.27M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.80M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$43.24M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$15.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.94M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$12.59M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.33M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.37M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.24M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$9.91M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.70M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$4.76M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.25M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.65M	USD	1 Quarter
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-2.98M	USD	3 Qtrs
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-1.08M	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-15.30M	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-9.07M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$41.53M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$35.83M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$6.46M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$9.62M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$236.00K	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$170.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.79M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.69M	USD	3 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$57.38M	USD	3 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$29.92M	USD	3 Qtrs
Net payments on revolving credit facility and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$229.00K	USD	3 Qtrs
Net payments on revolving credit facility and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$67.00K	USD	3 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.31M	USD	3 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.62M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$43.00K	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.03M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-26.33M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-54.25M	USD	3 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.80M	USD	3 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-22.52M	USD	3 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$53.00M	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`	$49.69M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$75.52M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$53.00M	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`	$49.69M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$75.52M	USD	Point-in-time

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