10-Q Filing

HIBBETT INC CIK: 1017480 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001017480-13-000031`
Period End Date	20130731
Filing Date	20130909
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	hibb-20130803.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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$71.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$76.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.91M	USD	Point-in-time
Inventories, net	`InventoryNet`	$221.38M	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
Inventories, net	`InventoryNet`	$221.22M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$23.32M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$32.13M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$334.26M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$183.76M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.85M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	38.13M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$170.56M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$121.48M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	12.23M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$121.30M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	12.02M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$62.46M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$49.08M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$6.22M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$6.64M	USD	Point-in-time
Total Assets	`Assets`	$377.33M	USD	Point-in-time
Total Assets	`Assets`	$402.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$102.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$94.77M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$6.37M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$8.11M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.49M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.70M	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$714.00K	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$692.00K	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$4.38M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$5.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$118.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$110.75M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$12.28M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$12.01M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$6.54M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$7.48M	USD	Point-in-time
Total liabilities	`Liabilities`	$138.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$129.56M	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, 38,131,049 and 37,846,321 shares issued at August 3, 2013 and February 2, 2013, respectively	`CommonStockValue`	$378.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 38,131,049 and 37,846,321 shares issued at August 3, 2013 and February 2, 2013, respectively	`CommonStockValue`	$381.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$140.42M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$149.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$458.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$421.59M	USD	Point-in-time
Treasury stock, at cost; 12,223,625 and 12,023,834 shares repurchased at August 3, 2013 and February 2, 2013, respectively	`TreasuryStockValue`	$323.27M	USD	Point-in-time
Treasury stock, at cost; 12,223,625 and 12,023,834 shares repurchased at August 3, 2013 and February 2, 2013, respectively	`TreasuryStockValue`	$334.90M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$273.39M	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`	$402.95M	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`	$398.36M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$186.24M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$426.23M	USD	2 Qtrs
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$271.42M	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
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$122.31M	USD	1 Quarter
Gross profit	`GrossProfit`	$56.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$63.93M	USD	1 Quarter
Gross profit	`GrossProfit`	$144.95M	USD	2 Qtrs
Gross profit	`GrossProfit`	$154.80M	USD	2 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$83.77M	USD	2 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$43.64M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$40.97M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$88.75M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.41M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.32M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.64M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$12.38M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.97M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$54.78M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$59.41M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-41.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-89.00K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-42.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-88.00K	USD	2 Qtrs
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`	$59.32M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.92M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.38M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.44M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$22.56M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.43M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$34.26M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.76M	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.30	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.42	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.40	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.28	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.29M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.23M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.95M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.93M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.32M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.32M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.80M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.70M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$34.26M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.76M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.41M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.32M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.64M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.74M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.12M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.33M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$962.00K	USD	1 Quarter
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-2.22M	USD	2 Qtrs
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-2.97M	USD	2 Qtrs
Decrease in inventories, net	`IncreaseDecreaseInInventories`	$-3.90M	USD	2 Qtrs
Decrease in inventories, net	`IncreaseDecreaseInInventories`	$157.00K	USD	2 Qtrs
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.25M	USD	2 Qtrs
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.05M	USD	2 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-6.14M	USD	2 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-5.94M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$31.28M	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`	$20.21M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$212.00K	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$191.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.44M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.41M	USD	2 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$7.34M	USD	2 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$23.37M	USD	2 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$82.00K	USD	2 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$135.00K	USD	2 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.25M	USD	2 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.44M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-640.00K	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$136.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-20.87M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.87M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$16.33M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.00M	USD	2 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$71.47M	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`	$55.14M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$80.91M	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`	$76.91M	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`	$80.91M	USD	Point-in-time

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