10-Q Filing

HIBBETT INC CIK: 1017480 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001017480-12-000029`
Period End Date	20120430
Filing Date	20120601
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	hibb-20120428.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 28 Cash Flow Statement 38

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`	$95.83M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$85.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$75.52M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.14M	USD	Point-in-time
Inventories, net	`InventoryNet`	$195.07M	USD	Point-in-time
Inventories, net	`InventoryNet`	$180.88M	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
Other current assets	`OtherAssetsCurrent`	$18.56M	USD	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
Other current assets	`OtherAssetsCurrent`	$14.83M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$291.54M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$268.77M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$151.73M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.50M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.76M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$153.46M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$112.14M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$114.71M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	11.44M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	11.12M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$38.75M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$39.60M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$5.54M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$5.33M	USD	Point-in-time
Total Assets	`Assets`	$335.83M	USD	Point-in-time
Total Assets	`Assets`	$313.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$75.15M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$73.73M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$9.88M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$4.72M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.62M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.65M	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$176.00K	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$173.00K	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$4.25M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$12.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$91.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$96.49M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$11.29M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$11.57M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$7.08M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$6.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$109.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$114.85M	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, 37,758,995 and 37,498,128 shares issued at April 28, 2012 and January 28, 2012 respectively	`CommonStockValue`	$375.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 37,758,995 and 37,498,128 shares issued at April 28, 2012 and January 28, 2012 respectively	`CommonStockValue`	$378.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$135.44M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$127.78M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$375.38M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$349.01M	USD	Point-in-time
Treasury stock, at cost; 11,437,000 and 11,120,040 shares repurchased at April 28, 2012 and January 28, 2012, respectively	`TreasuryStockValue`	$273.42M	USD	Point-in-time
Treasury stock, at cost; 11,437,000 and 11,120,040 shares repurchased at April 28, 2012 and January 28, 2012, respectively	`TreasuryStockValue`	$290.22M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$203.75M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$220.98M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$335.83M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$313.70M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$232.91M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$203.66M	USD	1 Quarter
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$127.86M	USD	1 Quarter
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$144.49M	USD	1 Quarter
Gross profit	`GrossProfit`	$75.79M	USD	1 Quarter
Gross profit	`GrossProfit`	$88.43M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$42.80M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$38.37M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.28M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$34.14M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$42.40M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-48.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-56.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$34.09M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$42.35M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.75M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.99M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$21.34M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.00	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.78	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.76	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.98	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.45M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.35M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.90M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.97M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$26.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$21.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.28M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.62M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.84M	USD	1 Quarter
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$1.02M	USD	1 Quarter
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-1.59M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$8.05M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$24.55M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$55.16M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$35.53M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$2.46M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$3.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$262.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$217.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.27M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.68M	USD	1 Quarter
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$22.58M	USD	1 Quarter
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$13.68M	USD	1 Quarter
Net payments on revolving credit facility and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$42.00K	USD	1 Quarter
Net payments on revolving credit facility and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$73.00K	USD	1 Quarter
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.83M	USD	1 Quarter
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$954.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$90.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-738.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.79M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.43M	USD	1 Quarter
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$40.69M	USD	1 Quarter
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.83M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$95.83M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$85.34M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$75.52M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$55.14M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$95.83M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$85.34M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$75.52M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$55.14M	USD	Point-in-time

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