10-Q Filing

HIBBETT INC CIK: 1017480 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001017480-13-000021`
Period End Date	20130430
Filing Date	20130610
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	hibb-20130504.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 28 Cash Flow Statement 42

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`	$76.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$103.19M	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	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
Inventories, net	`InventoryNet`	$221.38M	USD	Point-in-time
Inventories, net	`InventoryNet`	$205.50M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$23.32M	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`	$24.76M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$333.44M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$321.61M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$170.56M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	38.10M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$178.09M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.85M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	12.12M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$121.48M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	12.02M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$124.18M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$53.91M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$49.08M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$6.64M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$6.94M	USD	Point-in-time
Total Assets	`Assets`	$377.33M	USD	Point-in-time
Total Assets	`Assets`	$394.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$83.47M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$102.02M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$8.11M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$6.77M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.49M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.64M	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$704.00K	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$714.00K	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$14.24M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$4.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$118.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$108.83M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$12.02M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$12.01M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$7.48M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$7.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$138.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$128.16M	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, 38,102,039 and 37,846,321 shares issued at May 4, 2013 and February 2, 2013, respectively	`CommonStockValue`	$381.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 38,102,039 and 37,846,321 shares issued at May 4, 2013 and February 2, 2013, respectively	`CommonStockValue`	$378.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$140.42M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$146.64M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$421.59M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$447.81M	USD	Point-in-time
Treasury stock, at cost; 12,123,264 and 12,023,834 shares repurchased at May 4, 2013 and February 2, 2013, respectively	`TreasuryStockValue`	$323.27M	USD	Point-in-time
Treasury stock, at cost; 12,123,264 and 12,023,834 shares repurchased at May 4, 2013 and February 2, 2013, respectively	`TreasuryStockValue`	$328.71M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$266.12M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$239.13M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$377.33M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$394.28M	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`	$239.99M	USD	1 Quarter
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$144.49M	USD	1 Quarter
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$149.12M	USD	1 Quarter
Gross profit	`GrossProfit`	$90.88M	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`	$45.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.33M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$42.40M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$42.44M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-45.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-48.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$42.35M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$42.39M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.18M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.99M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.36M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.01	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.00	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.98	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.00	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.35M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.91M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.33M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.90M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$26.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.36M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.33M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.37M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.62M	USD	1 Quarter
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-1.59M	USD	1 Quarter
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-1.86M	USD	1 Quarter
Decrease in inventories, net	`IncreaseDecreaseInInventories`	$14.19M	USD	1 Quarter
Decrease in inventories, net	`IncreaseDecreaseInInventories`	$15.88M	USD	1 Quarter
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-18.55M	USD	1 Quarter
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.42M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$8.94M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$8.94M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$36.32M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$55.16M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$8.20M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$2.46M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$189.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$217.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.38M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.68M	USD	1 Quarter
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$1.19M	USD	1 Quarter
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$13.68M	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$67.00K	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$42.00K	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`	$559.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-961.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$90.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.79M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.66M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$40.69M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$26.28M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$55.14M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$76.91M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$103.19M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$95.83M	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`	$76.91M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$103.19M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$95.83M	USD	Point-in-time

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