10-Q Filing

HIBBETT INC CIK: 1017480 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001017480-16-000079`
Period End Date	20161031
Filing Date	20161207
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	hibb-20161029.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`	$41.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.27M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.45M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$283.10M	USD	Point-in-time
Inventories, net	`InventoryNet`	$292.46M	USD	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.56M	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
Total current assets	`AssetsCurrent`	$350.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$330.37M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.72M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.63M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$241.88M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$231.46M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$130.07M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	15.83M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$135.28M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	16.74M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$101.39M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$106.60M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$10.62M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$10.09M	USD	Point-in-time
Total Assets	`Assets`	$466.90M	USD	Point-in-time
Total Assets	`Assets`	$442.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$88.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$85.71M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$10.49M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$7.70M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$4.47M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.97M	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$545.00K	USD	Point-in-time
Short-term capital lease obligations	`ShortTermBorrowings`	$478.00K	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$5.92M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$4.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$107.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$105.19M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$20.72M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$19.12M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$7.22M	USD	Point-in-time
Other liabilities, net	`OtherLiabilitiesNoncurrent`	$6.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$134.73M	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, 38,724,989 and 38,628,385 shares issued at October 29, 2016 and January 30, 2016, respectively	`CommonStockValue`	$387.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 38,724,989 and 38,628,385 shares issued at October 29, 2016 and January 30, 2016, respectively	`CommonStockValue`	$386.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$173.48M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$169.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$685.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$636.58M	USD	Point-in-time
Treasury stock, at cost; 16,743,282 and 15,831,926 shares repurchased at October 29, 2016 and January 30, 2016, respectively	`TreasuryStockValue`	$495.67M	USD	Point-in-time
Treasury stock, at cost; 16,743,282 and 15,831,926 shares repurchased at October 29, 2016 and January 30, 2016, respectively	`TreasuryStockValue`	$527.30M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$310.85M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$332.17M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$466.90M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$442.37M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$726.03M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$228.30M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$697.38M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$237.01M	USD	1 Quarter
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$468.95M	USD	3 Qtrs
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`	$153.18M	USD	1 Quarter
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$450.14M	USD	3 Qtrs
Gross profit	`GrossProfit`	$247.25M	USD	3 Qtrs
Gross profit	`GrossProfit`	$257.08M	USD	3 Qtrs
Gross profit	`GrossProfit`	$82.35M	USD	1 Quarter
Gross profit	`GrossProfit`	$83.83M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$55.85M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$48.26M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$150.21M	USD	3 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$165.41M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$12.66M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$14.04M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.24M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$84.38M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$23.17M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$77.63M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$29.86M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-187.00K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-67.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-60.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-201.00K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.11M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$84.18M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$77.45M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$29.79M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.12M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.51M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$31.07M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$28.43M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$18.68M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.02M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$14.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.12M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.18	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.19	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.66	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.79	USD	1 Quarter
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`	$2.18	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.66	USD	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.35M	shares	3 Qtrs
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	23.61M	shares	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	24.33M	shares	3 Qtrs
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.99M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.78M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.52M	shares	3 Qtrs
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.52M	shares	3 Qtrs
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.19M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$18.68M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.02M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$14.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.12M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$12.66M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$14.04M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.24M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$872.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.49M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$675.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.77M	USD	3 Qtrs
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$96.00K	USD	3 Qtrs
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$-303.00K	USD	3 Qtrs
Increase in inventories, net	`IncreaseDecreaseInInventories`	$-9.36M	USD	3 Qtrs
Increase in inventories, net	`IncreaseDecreaseInInventories`	$-36.53M	USD	3 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.09M	USD	3 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.52M	USD	3 Qtrs
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$26.22M	USD	3 Qtrs
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.75M	USD	3 Qtrs
Changes in other operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$4.07M	USD	3 Qtrs
Changes in other operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$6.11M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$59.83M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$59.20M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$15.62M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$19.55M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-345.00K	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-82.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.47M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.27M	USD	3 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$85.82M	USD	3 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$30.69M	USD	3 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$327.00K	USD	3 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$344.00K	USD	3 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$458.00K	USD	3 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$530.00K	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.26M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-858.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-86.88M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-31.43M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.92M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-42.94M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.20M	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`	$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`	$41.20M	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`	$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.