10-Q Filing

HIBBETT INC CIK: 1017480 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001017480-13-000047`
Period End Date	20131031
Filing Date	20131210
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	hibb-20131026.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 (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	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`	$69.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$75.29M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$221.38M	USD	Point-in-time
Inventories, net	`InventoryNet`	$230.17M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$28.52M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$23.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$328.63M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$321.61M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	37.85M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$205.19M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$170.56M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.14M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$124.02M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	12.37M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$121.48M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	12.02M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$81.17M	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`	$6.43M	USD	Point-in-time
Total Assets	`Assets`	$416.23M	USD	Point-in-time
Total Assets	`Assets`	$377.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$102.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$93.16M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$8.11M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$9.84M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.80M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.49M	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$682.00K	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$714.00K	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$4.71M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$4.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$112.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$118.72M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$12.01M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$12.70M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$7.48M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$6.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$130.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$138.20M	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, 38,143,024 and 37,846,321 shares issued at November 2, 2013 and February 2, 2013, respectively	`CommonStockValue`	$378.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 38,143,024 and 37,846,321 shares issued at November 2, 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`	$151.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$475.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$421.59M	USD	Point-in-time
Treasury stock, at cost; 12,368,031 and 12,023,834 shares repurchased at November 2, 2013 and February 2, 2013, respectively	`TreasuryStockValue`	$342.04M	USD	Point-in-time
Treasury stock, at cost; 12,368,031 and 12,023,834 shares repurchased at November 2, 2013 and February 2, 2013, respectively	`TreasuryStockValue`	$323.27M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$239.13M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$285.30M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$377.33M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$416.23M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$601.29M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$207.97M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$634.20M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$202.93M	USD	1 Quarter
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$131.48M	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`	$127.49M	USD	1 Quarter
Cost of goods sold, including distribution center and store occupancy costs	`CostOfGoodsSold`	$402.91M	USD	3 Qtrs
Gross profit	`GrossProfit`	$220.39M	USD	3 Qtrs
Gross profit	`GrossProfit`	$75.44M	USD	1 Quarter
Gross profit	`GrossProfit`	$231.29M	USD	3 Qtrs
Gross profit	`GrossProfit`	$76.49M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$134.25M	USD	3 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$125.70M	USD	3 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$41.93M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$45.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.19M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.55M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.61M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$27.44M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$30.30M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$86.85M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$85.08M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-39.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-142.00K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-55.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-127.00K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$86.70M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$84.95M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$27.39M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$30.26M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$31.73M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$32.70M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$54.01M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$17.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.22M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.09	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.73	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.03	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.05	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.66	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.71	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.99	USD	3 Qtrs
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.82M	shares	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	26.23M	shares	3 Qtrs
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	26.12M	shares	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.89M	shares	3 Qtrs
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.31M	shares	3 Qtrs
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.28M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.61M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.74M	shares	3 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$18.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$54.01M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$17.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.22M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$10.19M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.55M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.61M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.09M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.40M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.82M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$4.73M	USD	3 Qtrs
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-3.58M	USD	3 Qtrs
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-4.62M	USD	3 Qtrs
Increase in inventories, net	`IncreaseDecreaseInInventories`	$-8.79M	USD	3 Qtrs
Increase in inventories, net	`IncreaseDecreaseInInventories`	$-12.21M	USD	3 Qtrs
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.86M	USD	3 Qtrs
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$15.15M	USD	3 Qtrs
Changes in other operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$1.83M	USD	3 Qtrs
Changes in other operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$2.25M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$49.53M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$68.23M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$15.11M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$42.50M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$343.00K	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$327.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-42.83M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.46M	USD	3 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$14.48M	USD	3 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$35.19M	USD	3 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$204.00K	USD	3 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$123.00K	USD	3 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.55M	USD	3 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.50M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-492.00K	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$142.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-32.62M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.68M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$20.15M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.97M	USD	3 Qtrs
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`	$69.94M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$75.29M	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`	$69.94M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$75.29M	USD	Point-in-time

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