10-Q Filing

HIBBETT INC CIK: 1017480 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001017480-14-000034`
Period End Date	20140731
Filing Date	20140908
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	hibb-20140802.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 56 Cash Flow Statement 50

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$81.45M	USD	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`	$80.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$66.23M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$226.54M	USD	Point-in-time
Inventories, net	`InventoryNet`	$227.87M	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
Other current assets	`OtherAssetsCurrent`	$30.88M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$32.94M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$323.65M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$342.25M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.20M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$211.20M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$212.13M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.45M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	12.39M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	13.09M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$125.19M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$119.52M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$92.61M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$86.01M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$6.68M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$6.58M	USD	Point-in-time
Total Assets	`Assets`	$416.35M	USD	Point-in-time
Total Assets	`Assets`	$441.44M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$92.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$74.53M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$6.85M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$8.46M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.79M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$4.04M	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$322.00K	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$386.00K	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$5.82M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$4.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$91.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$109.69M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$13.80M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$14.42M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$7.11M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$7.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$112.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$131.67M	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, 38,432,794 and 38,202,486 shares issued at May 3, 2014 and February 1, 2014, respectively	`CommonStockValue`	$385.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 38,432,794 and 38,202,486 shares issued at May 3, 2014 and February 1, 2014, respectively	`CommonStockValue`	$382.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$154.53M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$161.34M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$492.47M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$529.24M	USD	Point-in-time
Treasury stock, at cost; 12,666,974 and 12,389,531 shares repurchased at May 3, 2014 and February 1, 2014, respectively	`TreasuryStockValue`	$343.36M	USD	Point-in-time
Treasury stock, at cost; 12,666,974 and 12,389,531 shares repurchased at May 3, 2014 and February 1, 2014, respectively	`TreasuryStockValue`	$381.19M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$304.02M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$309.77M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$441.44M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$416.35M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$455.83M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$426.23M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$193.92M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$186.24M	USD	1 Quarter
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$122.31M	USD	1 Quarter
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$293.22M	USD	2 Qtrs
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$129.51M	USD	1 Quarter
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$271.42M	USD	2 Qtrs
Gross profit	`GrossProfit`	$154.80M	USD	2 Qtrs
Gross profit	`GrossProfit`	$64.41M	USD	1 Quarter
Gross profit	`GrossProfit`	$162.60M	USD	2 Qtrs
Gross profit	`GrossProfit`	$63.93M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$88.75M	USD	2 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$46.62M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$95.58M	USD	2 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$43.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.06M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.64M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.32M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.64M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$16.97M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$13.72M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$59.41M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$59.39M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-42.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-70.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-144.00K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-88.00K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$59.24M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.65M	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`	$22.56M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$22.48M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.38M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.76M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.77M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.42	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.43	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.40	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.42	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.70M	shares	2 Qtrs
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.95M	shares	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.55M	shares	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.93M	shares	2 Qtrs
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.97M	shares	2 Qtrs
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.32M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.81M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.32M	shares	2 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$10.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.76M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.77M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.06M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.64M	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`	$940.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$962.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.33M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.46M	USD	2 Qtrs
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-2.22M	USD	2 Qtrs
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-1.15M	USD	2 Qtrs
Decrease in inventories, net	`IncreaseDecreaseInInventories`	$157.00K	USD	2 Qtrs
Decrease in inventories, net	`IncreaseDecreaseInInventories`	$-1.32M	USD	2 Qtrs
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.80M	USD	2 Qtrs
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-444.00K	USD	2 Qtrs
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$18.06M	USD	2 Qtrs
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.25M	USD	2 Qtrs
Changes in other operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-1.34M	USD	2 Qtrs
Changes in other operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$618.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$31.28M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$64.52M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$14.20M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$20.21M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$191.00K	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$439.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.41M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.64M	USD	2 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$7.34M	USD	2 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$33.20M	USD	2 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$178.00K	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`	$517.00K	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-640.00K	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.80M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.87M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-34.66M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.00M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.22M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$81.45M	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`	$80.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$66.23M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$81.45M	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`	$80.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$66.23M	USD	Point-in-time

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