10-Q Filing

HIBBETT INC CIK: 1017480 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001017480-15-000017`
Period End Date	20150430
Filing Date	20150608
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	hibb-20150502.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 28 Cash Flow Statement 44

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$119.09M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$66.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$110.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.40M	USD	Point-in-time
Inventories, net	`InventoryNet`	$233.36M	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`	$240.41M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$22.57M	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`	$26.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$375.01M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$355.50M	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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.47M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$212.19M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$216.23M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.60M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$119.21M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$122.51M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	13.79M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	13.60M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$93.72M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$92.98M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$3.89M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$3.92M	USD	Point-in-time
Total Assets	`Assets`	$452.40M	USD	Point-in-time
Total Assets	`Assets`	$472.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$74.53M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$84.44M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$7.22M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$8.25M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.82M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.73M	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$449.00K	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$436.00K	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$14.28M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$5.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$102.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$100.21M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$16.65M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$16.04M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$9.45M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$9.29M	USD	Point-in-time
Total liabilities	`Liabilities`	$126.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$127.62M	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, 38,600,200 and 38,465,814 shares issued at May 2, 2015 and January 31, 2015, respectively	`CommonStockValue`	$386.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 38,600,200 and 38,465,814 shares issued at May 2, 2015 and January 31, 2015, respectively	`CommonStockValue`	$385.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$166.41M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$162.68M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$566.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$593.46M	USD	Point-in-time
Treasury stock, at cost; 13,790,301 and 13,595,537 shares repurchased at May 2, 2015 and January 31, 2015, respectively	`TreasuryStockValue`	$404.33M	USD	Point-in-time
Treasury stock, at cost; 13,790,301 and 13,595,537 shares repurchased at May 2, 2015 and January 31, 2015, respectively	`TreasuryStockValue`	$413.80M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$324.78M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$346.46M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$472.62M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$452.40M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$269.82M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$261.91M	USD	1 Quarter
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$163.71M	USD	1 Quarter
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$170.12M	USD	1 Quarter
Gross profit	`GrossProfit`	$99.71M	USD	1 Quarter
Gross profit	`GrossProfit`	$98.20M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.76M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$48.95M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.14M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.58M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$45.66M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$43.80M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-70.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-73.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$45.59M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$43.73M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.32M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.41M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.10	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.10	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.09	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.09	USD	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	24.86M	shares	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.85M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.07M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.13M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$28.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.14M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.58M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.52M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.67M	USD	1 Quarter
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-188.00K	USD	1 Quarter
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$2.08M	USD	1 Quarter
Decrease in inventories, net	`IncreaseDecreaseInInventories`	$20.21M	USD	1 Quarter
Decrease in inventories, net	`IncreaseDecreaseInInventories`	$7.05M	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-14.18M	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.25M	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.69M	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.91M	USD	1 Quarter
Changes in other operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$347.00K	USD	1 Quarter
Changes in other operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$2.49M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$44.03M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$63.48M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$6.48M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$4.95M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-96.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$364.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.84M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.85M	USD	1 Quarter
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$10.78M	USD	1 Quarter
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$7.36M	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$107.00K	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$86.00K	USD	1 Quarter
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$209.00K	USD	1 Quarter
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$297.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.94M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.32M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.59M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.49M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$44.05M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$30.69M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$119.09M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$66.23M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$110.28M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$88.40M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$119.09M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$66.23M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$110.28M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$88.40M	USD	Point-in-time

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