10-Q Filing

HIBBETT INC CIK: 1017480 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001017480-12-000042`
Period End Date	20120731
Filing Date	20120904
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	hibb-20120728.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 56 Cash Flow Statement 48

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`	$55.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$71.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$65.19M	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$195.07M	USD	Point-in-time
Inventories, net	`InventoryNet`	$198.97M	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
Other current assets	`OtherAssetsCurrent`	$26.16M	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
Total current assets	`AssetsCurrent`	$296.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$268.77M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$151.73M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$157.11M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.81M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.50M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$112.14M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$117.09M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	11.61M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	11.12M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$39.60M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$40.02M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$5.71M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$5.33M	USD	Point-in-time
Total Assets	`Assets`	$313.70M	USD	Point-in-time
Total Assets	`Assets`	$342.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$86.79M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$73.73M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$7.96M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$9.88M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.53M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.62M	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$163.00K	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`	$4.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$91.66M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$11.57M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$11.06M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$6.97M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$6.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$121.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$109.95M	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, 37,811,301 and 37,498,128 shares issued at July 28, 2012 and January 28, 2012 respectively	`CommonStockValue`	$378.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 37,811,301 and 37,498,128 shares issued at July 28, 2012 and January 28, 2012 respectively	`CommonStockValue`	$375.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$127.78M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$137.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$383.27M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$349.01M	USD	Point-in-time
Treasury stock, at cost; 11,613,443 and 11,120,040 shares repurchased at July 28, 2012 and January 28, 2012, respectively	`TreasuryStockValue`	$300.44M	USD	Point-in-time
Treasury stock, at cost; 11,613,443 and 11,120,040 shares repurchased at July 28, 2012 and January 28, 2012, respectively	`TreasuryStockValue`	$273.42M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$220.96M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$203.75M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$313.70M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$342.33M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$165.44M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$153.13M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$398.36M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$356.78M	USD	2 Qtrs
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$102.49M	USD	1 Quarter
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$230.35M	USD	2 Qtrs
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$108.92M	USD	1 Quarter
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$253.41M	USD	2 Qtrs
Gross profit	`GrossProfit`	$126.43M	USD	2 Qtrs
Gross profit	`GrossProfit`	$50.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$56.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$144.95M	USD	2 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$83.77M	USD	2 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$37.97M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$76.34M	USD	2 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$40.97M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.41M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.58M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.18M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$54.78M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$9.37M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$12.38M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$43.51M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-60.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-89.00K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-116.00K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-41.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$54.69M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.34M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$43.39M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.31M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.37M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.11M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.43M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.26M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$27.28M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$7.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.94M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.30	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.00	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.98	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.28	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.23M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.29M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.27M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.36M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.80M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.89M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.70M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.80M	shares	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$34.26M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$27.28M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$7.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.94M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.41M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.58M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.18M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.74M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.12M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.11M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.27M	USD	1 Quarter
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-2.97M	USD	2 Qtrs
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-584.00K	USD	2 Qtrs
Increase in inventories, net	`IncreaseDecreaseInInventories`	$-17.89M	USD	2 Qtrs
Increase in inventories, net	`IncreaseDecreaseInInventories`	$-3.90M	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.05M	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$11.58M	USD	2 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-4.99M	USD	2 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-5.94M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$25.09M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$44.64M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$7.22M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$6.18M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$212.00K	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$274.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.45M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.44M	USD	2 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$23.37M	USD	2 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$31.95M	USD	2 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$149.00K	USD	2 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$82.00K	USD	2 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.44M	USD	2 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.12M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$136.00K	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$12.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-28.97M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-20.87M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.33M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$16.33M	USD	2 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$55.14M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$71.47M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$65.19M	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`	$55.14M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$71.47M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$65.19M	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.