10-Q Filing

HIBBETT INC CIK: 1017480 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001017480-15-000031`
Period End Date	20150731
Filing Date	20150908
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	hibb-20150801.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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$85.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$81.45M	USD	Point-in-time
Inventories, net	`InventoryNet`	$240.41M	USD	Point-in-time
Inventories, net	`InventoryNet`	$251.34M	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`	$26.69M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$31.78M	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`	$368.42M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$355.50M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.47M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.60M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$219.16M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$212.19M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	13.60M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$125.40M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$119.21M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	14.39M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$93.76M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$92.98M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$3.91M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$3.92M	USD	Point-in-time
Total Assets	`Assets`	$466.09M	USD	Point-in-time
Total Assets	`Assets`	$452.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$84.44M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$96.90M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$8.25M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$6.17M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.82M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.70M	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$457.00K	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$436.00K	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$5.18M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$6.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$102.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$113.53M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$16.04M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$17.23M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$8.69M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$9.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$127.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$139.44M	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, 38,603,669 and 38,465,814 shares issued at August 1, 2015 and January 31, 2015, respectively	`CommonStockValue`	$386.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 38,603,669 and 38,465,814 shares issued at August 1, 2015 and January 31, 2015, respectively	`CommonStockValue`	$385.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$162.68M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$167.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$600.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$566.05M	USD	Point-in-time
Treasury stock, at cost; 14,391,756 and 13,595,537 shares repurchased at August 1, 2015 and January 31, 2015, respectively	`TreasuryStockValue`	$404.33M	USD	Point-in-time
Treasury stock, at cost; 14,391,756 and 13,595,537 shares repurchased at August 1, 2015 and January 31, 2015, respectively	`TreasuryStockValue`	$441.74M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$326.65M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$324.78M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$466.09M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$452.40M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$193.92M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$469.08M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$455.83M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$199.26M	USD	1 Quarter
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`	$304.19M	USD	2 Qtrs
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$134.08M	USD	1 Quarter
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$293.22M	USD	2 Qtrs
Gross profit	`GrossProfit`	$65.18M	USD	1 Quarter
Gross profit	`GrossProfit`	$164.89M	USD	2 Qtrs
Gross profit	`GrossProfit`	$64.41M	USD	1 Quarter
Gross profit	`GrossProfit`	$162.60M	USD	2 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$95.58M	USD	2 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$101.95M	USD	2 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$50.18M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$46.62M	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`	$8.42M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.28M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$59.39M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$54.52M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$10.72M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$13.72M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-134.00K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-70.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-65.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-144.00K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.66M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.65M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$59.24M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$54.39M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.95M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.27M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.63M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$22.48M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$7.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.77M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$34.44M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.39	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.43	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.28	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.38	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.42	USD	2 Qtrs
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.55M	shares	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	24.53M	shares	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.70M	shares	2 Qtrs
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	24.70M	shares	2 Qtrs
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.97M	shares	2 Qtrs
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.89M	shares	2 Qtrs
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.81M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.71M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$7.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.77M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$34.44M	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`	$8.42M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.28M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.46M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.62M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$940.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$944.00K	USD	1 Quarter
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-1.15M	USD	2 Qtrs
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$308.00K	USD	2 Qtrs
Increase in inventories, net	`IncreaseDecreaseInInventories`	$-1.32M	USD	2 Qtrs
Increase in inventories, net	`IncreaseDecreaseInInventories`	$-10.93M	USD	2 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-444.00K	USD	2 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.38M	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$18.06M	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$12.46M	USD	2 Qtrs
Changes in other operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$492.00K	USD	2 Qtrs
Changes in other operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$618.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$42.42M	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`	$9.30M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-177.00K	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$439.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.13M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.64M	USD	2 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$35.28M	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`	$217.00K	USD	2 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$517.00K	USD	2 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$381.00K	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.80M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.27M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.39M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-34.66M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.22M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.10M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$66.23M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$85.30M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$88.40M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$81.45M	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`	$85.30M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$88.40M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$81.45M	USD	Point-in-time

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