10-Q Filing

HIBBETT INC CIK: 1017480 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001017480-17-000020`
Period End Date	20170430
Filing Date	20170602
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	hibb-20170429.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`	$32.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$75.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.42M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.96M	USD	Point-in-time
Inventories, net	`InventoryNet`	$249.36M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$280.70M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$13.66M	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`	$18.61M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$338.88M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$338.26M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.84M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.74M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$248.99M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$247.42M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$135.68M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	17.82M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$135.78M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	17.07M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$113.31M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$111.63M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$8.96M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$6.59M	USD	Point-in-time
Total Assets	`Assets`	$458.78M	USD	Point-in-time
Total Assets	`Assets`	$458.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$69.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$77.05M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$8.27M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$7.69M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$5.09M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$5.05M	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsCurrent`	$595.00K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsCurrent`	$603.00K	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$5.11M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$11.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$96.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$94.55M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$21.89M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$21.66M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.16M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$124.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$123.59M	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, 38,836,069 and 38,739,079 shares issued at April 29, 2017 and January 28, 2017, respectively	`CommonStockValue`	$388.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 38,836,069 and 38,739,079 shares issued at April 29, 2017 and January 28, 2017, respectively	`CommonStockValue`	$387.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$174.72M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$178.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$697.66M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$717.78M	USD	Point-in-time
Treasury stock, at cost; 17,815,616 and 17,067,482 shares repurchased at April 29, 2017 and January 28, 2017, respectively	`TreasuryStockValue`	$561.06M	USD	Point-in-time
Treasury stock, at cost; 17,815,616 and 17,067,482 shares repurchased at April 29, 2017 and January 28, 2017, respectively	`TreasuryStockValue`	$538.72M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$334.04M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$335.19M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$458.85M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$458.78M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$282.09M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$275.69M	USD	1 Quarter
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$177.09M	USD	1 Quarter
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$177.47M	USD	1 Quarter
Gross profit	`GrossProfit`	$105.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$98.22M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$56.06M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$58.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.60M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$44.34M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$34.17M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-65.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-66.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$44.28M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$34.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.37M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.91M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.91M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.23	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.98	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.22	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.97	USD	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.32M	shares	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.78M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.47M	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`	$20.91M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.91M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.60M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.70M	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`	$96.00K	USD	1 Quarter
Decrease in inventories, net	`IncreaseDecreaseInInventories`	$31.26M	USD	1 Quarter
Decrease in inventories, net	`IncreaseDecreaseInInventories`	$31.34M	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-8.05M	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-9.59M	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.12M	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-22.78M	USD	1 Quarter
Changes in other operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$4.64M	USD	1 Quarter
Changes in other operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$4.81M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$66.87M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$56.01M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$7.80M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$6.78M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$80.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-147.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.88M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.63M	USD	1 Quarter
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$7.38M	USD	1 Quarter
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$21.64M	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$146.00K	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$113.00K	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`	$387.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-701.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-913.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.10M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.23M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$36.90M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$41.14M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$32.27M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$75.86M	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`	$38.96M	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`	$75.86M	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`	$38.96M	USD	Point-in-time

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