10-Q Filing

HIBBETT INC CIK: 1017480 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001017480-15-000044`
Period End Date	20151031
Filing Date	20151208
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	hibb-20151031.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`	$66.23M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$71.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.40M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.45M	USD	Point-in-time
Inventories, net	`InventoryNet`	$240.41M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$276.94M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$29.68M	USD	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
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`	$355.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$352.07M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$223.72M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.61M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$212.19M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.47M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$119.21M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	13.60M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	15.73M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$127.92M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$95.80M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$92.98M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$4.10M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$3.92M	USD	Point-in-time
Total Assets	`Assets`	$451.97M	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`	$110.66M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$8.25M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$9.63M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.80M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.82M	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$436.00K	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$467.00K	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$5.37M	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`	$129.93M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$18.20M	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`	$8.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$156.15M	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, 38,609,341 and 38,465,814 shares issued at October 31, 2015 and January 31, 2015, respectively	`CommonStockValue`	$385.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 38,609,341 and 38,465,814 shares issued at October 31, 2015 and January 31, 2015, respectively	`CommonStockValue`	$386.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$162.68M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$168.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$619.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$566.05M	USD	Point-in-time
Treasury stock, at cost; 15,732,926 and 13,595,537 shares repurchased at October 31, 2015 and January 31, 2015, respectively	`TreasuryStockValue`	$404.33M	USD	Point-in-time
Treasury stock, at cost; 15,732,926 and 13,595,537 shares repurchased at October 31, 2015 and January 31, 2015, respectively	`TreasuryStockValue`	$492.28M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$324.78M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$295.82M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$451.97M	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`	$228.30M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$674.15M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$697.38M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$218.32M	USD	1 Quarter
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$145.95M	USD	1 Quarter
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$139.17M	USD	1 Quarter
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$450.14M	USD	3 Qtrs
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$432.39M	USD	3 Qtrs
Gross profit	`GrossProfit`	$82.35M	USD	1 Quarter
Gross profit	`GrossProfit`	$79.15M	USD	1 Quarter
Gross profit	`GrossProfit`	$247.25M	USD	3 Qtrs
Gross profit	`GrossProfit`	$241.75M	USD	3 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$143.78M	USD	3 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$150.21M	USD	3 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$48.26M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$48.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$12.66M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$11.78M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.14M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.24M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$86.20M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$29.86M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$84.38M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$26.81M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-201.00K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-73.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-67.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-216.00K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$26.74M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$84.18M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$85.98M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$29.79M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.85M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$31.07M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$32.32M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.12M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.66M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$16.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.68M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.12M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.79	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.10	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.18	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.08	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.79	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.17	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.67	USD	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.11M	shares	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	24.33M	shares	3 Qtrs
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	23.61M	shares	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.50M	shares	3 Qtrs
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.34M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.76M	shares	3 Qtrs
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.52M	shares	3 Qtrs
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.78M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$53.66M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$16.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.68M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.12M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$12.66M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$11.78M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.14M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.24M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$872.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.64M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$184.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.49M	USD	3 Qtrs
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-303.00K	USD	3 Qtrs
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-1.10M	USD	3 Qtrs
Increase in inventories, net	`IncreaseDecreaseInInventories`	$-36.53M	USD	3 Qtrs
Increase in inventories, net	`IncreaseDecreaseInInventories`	$-16.24M	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.52M	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.97M	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.28M	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$26.22M	USD	3 Qtrs
Changes in other operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$5.27M	USD	3 Qtrs
Changes in other operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$4.07M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$59.20M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$75.26M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$15.62M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$18.95M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-345.00K	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-191.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.27M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.76M	USD	3 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$85.82M	USD	3 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$49.91M	USD	3 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$327.00K	USD	3 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$273.00K	USD	3 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$530.00K	USD	3 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$700.00K	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.76M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.26M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-86.88M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-51.24M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.25M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-42.94M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$66.23M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$71.48M	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`	$45.45M	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`	$71.48M	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`	$45.45M	USD	Point-in-time

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