10-Q Filing

HIBBETT INC CIK: 1017480 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001017480-12-000051`
Period End Date	20121031
Filing Date	20121204
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	hibb-20121027.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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$75.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$75.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.00M	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$195.07M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$207.28M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$18.56M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$18.16M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	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
Total current assets	`AssetsCurrent`	$300.73M	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
Property and equipment	`PropertyPlantAndEquipmentGross`	$164.19M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.82M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	11.12M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$112.14M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	11.82M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$119.02M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$39.60M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$45.17M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$5.33M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$6.42M	USD	Point-in-time
Total Assets	`Assets`	$313.70M	USD	Point-in-time
Total Assets	`Assets`	$352.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$88.88M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$73.73M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$7.37M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$9.88M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.38M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.62M	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$173.00K	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$212.00K	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$4.51M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$4.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$104.35M	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`	$11.22M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$7.46M	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`	$123.03M	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, 37,815,071 and 37,498,128 shares issued at October 27, 2012 and January 28, 2012 respectively	`CommonStockValue`	$375.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 37,815,071 and 37,498,128 shares issued at October 27, 2012 and January 28, 2012 respectively	`CommonStockValue`	$378.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$138.94M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$127.78M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$402.24M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$349.01M	USD	Point-in-time
Treasury stock, at cost; 11,820,172 and 11,120,040 shares repurchased at October 27, 2012 and January 28, 2012, respectively	`TreasuryStockValue`	$312.26M	USD	Point-in-time
Treasury stock, at cost; 11,820,172 and 11,120,040 shares repurchased at October 27, 2012 and January 28, 2012, respectively	`TreasuryStockValue`	$273.42M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$229.29M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$203.75M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$352.32M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$313.70M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$202.93M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$541.96M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$601.29M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$185.18M	USD	1 Quarter
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`	$127.49M	USD	1 Quarter
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$380.90M	USD	3 Qtrs
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$117.36M	USD	1 Quarter
Gross profit	`GrossProfit`	$194.25M	USD	3 Qtrs
Gross profit	`GrossProfit`	$220.39M	USD	3 Qtrs
Gross profit	`GrossProfit`	$75.44M	USD	1 Quarter
Gross profit	`GrossProfit`	$67.82M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$39.51M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$41.93M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$115.86M	USD	3 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$125.70M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$9.61M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$9.91M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.33M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$85.08M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$68.48M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$24.97M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$30.30M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-127.00K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-168.00K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-51.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-39.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$68.31M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$30.26M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$84.95M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$24.92M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$31.73M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$25.08M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.22M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$43.24M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$15.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.96M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.60	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.73	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$2.03	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.59	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.99	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.59	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.56	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.71	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.23M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.12M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.75M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.15M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.61M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.68M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.74M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.27M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$53.22M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$43.24M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$15.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.96M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.61M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$9.91M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.33M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.82M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.65M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.76M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.09M	USD	1 Quarter
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-1.08M	USD	3 Qtrs
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-4.62M	USD	3 Qtrs
Increase in inventories, net	`IncreaseDecreaseInInventories`	$-12.21M	USD	3 Qtrs
Increase in inventories, net	`IncreaseDecreaseInInventories`	$-22.32M	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$9.07M	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$15.15M	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-2.04M	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$2.25M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$68.23M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$41.53M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$15.11M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$9.62M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$343.00K	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$170.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.46M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.79M	USD	3 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$35.19M	USD	3 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$57.38M	USD	3 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$123.00K	USD	3 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$229.00K	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`	$2.55M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$43.00K	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$142.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-54.25M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-32.62M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-22.52M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$20.15M	USD	3 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$75.52M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$75.29M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$53.00M	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`	$75.52M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$75.29M	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`	$55.14M	USD	Point-in-time

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