10-Q Filing

HIBBETT INC CIK: 1017480 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001017480-16-000061`
Period End Date	20160430
Filing Date	20160607
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	hibb-20160430.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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$119.09M	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`	$32.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.40M	USD	Point-in-time
Inventories, net	`InventoryNet`	$251.84M	USD	Point-in-time
Inventories, net	`InventoryNet`	$283.10M	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`	$14.99M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$15.73M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$340.98M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$330.37M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$231.46M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.71M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.63M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$235.02M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	15.83M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	16.07M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$131.58M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$130.07M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$103.45M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$101.39M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$10.62M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$8.52M	USD	Point-in-time
Total Assets	`Assets`	$442.37M	USD	Point-in-time
Total Assets	`Assets`	$452.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$88.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$65.67M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$7.82M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$7.70M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.97M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$4.06M	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$478.00K	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$500.00K	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$4.58M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$15.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$93.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$105.19M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$20.25M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$19.12M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$7.10M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$7.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$120.54M	USD	Point-in-time
Total liabilities	`Liabilities`	$131.53M	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, 38,713,214 and 38,628,385 shares issued at April 30, 2016 and January 30, 2016, respectively	`CommonStockValue`	$386.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 38,713,214 and 38,628,385 shares issued at April 30, 2016 and January 30, 2016, respectively	`CommonStockValue`	$387.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$171.52M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$169.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$664.49M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$636.58M	USD	Point-in-time
Treasury stock, at cost; 16,069,308 and 15,831,926 shares repurchased at April 30, 2016 and January 30, 2016, respectively	`TreasuryStockValue`	$503.98M	USD	Point-in-time
Treasury stock, at cost; 16,069,308 and 15,831,926 shares repurchased at April 30, 2016 and January 30, 2016, respectively	`TreasuryStockValue`	$495.67M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$310.85M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$332.41M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$452.95M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$442.37M	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`	$282.09M	USD	1 Quarter
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$170.11M	USD	1 Quarter
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$177.09M	USD	1 Quarter
Gross profit	`GrossProfit`	$105.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$99.71M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$56.06M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.14M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.60M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$43.80M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$44.34M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-70.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-65.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$43.73M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$44.28M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.32M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.91M	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`	$1.23	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.09	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.22	USD	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	24.86M	shares	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.78M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.07M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.95M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$27.91M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.14M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.60M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.67M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.15M	USD	1 Quarter
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$19.00K	USD	1 Quarter
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$2.08M	USD	1 Quarter
Decrease in inventories, net	`IncreaseDecreaseInInventories`	$31.26M	USD	1 Quarter
Decrease in inventories, net	`IncreaseDecreaseInInventories`	$7.05M	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.25M	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-8.05M	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.91M	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-22.78M	USD	1 Quarter
Changes in other operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$4.81M	USD	1 Quarter
Changes in other operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$347.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$44.03M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$56.01M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$4.95M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$6.78M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-147.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-96.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.63M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.85M	USD	1 Quarter
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$7.38M	USD	1 Quarter
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$7.36M	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$113.00K	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$107.00K	USD	1 Quarter
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$169.00K	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`	$-1.32M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-913.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.23M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.49M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$41.14M	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`	$32.27M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$73.42M	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`	$32.27M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$73.42M	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.