10-Q Filing

HIBBETT INC CIK: 1017480 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001017480-17-000052`
Period End Date	20171031
Filing Date	20171204
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	hibb-20171028.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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$58.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.96M	USD	Point-in-time
Inventories, net	`InventoryNet`	$265.42M	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
Inventories, net	`InventoryNet`	$280.70M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$17.05M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$18.61M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$340.80M	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`	$338.26M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$256.01M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.85M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$247.42M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.74M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	17.07M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$135.78M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$144.29M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	19.27M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$111.71M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$111.63M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$5.82M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$8.96M	USD	Point-in-time
Total Assets	`Assets`	$458.85M	USD	Point-in-time
Total Assets	`Assets`	$458.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$91.22M	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`	$8.91M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$5.62M	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`	$620.00K	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$5.11M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$6.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$96.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$112.83M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$20.60M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$21.66M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$6.54M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$139.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$124.81M	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, 38,849,775 and 38,739,079 shares issued at October 28, 2017 and January 28, 2017, respectively	`CommonStockValue`	$387.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 38,849,775 and 38,739,079 shares issued at October 28, 2017 and January 28, 2017, respectively	`CommonStockValue`	$388.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$174.72M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$179.72M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$697.66M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$722.17M	USD	Point-in-time
Treasury stock, at cost; 19,268,695 and 17,067,482 shares repurchased at October 28, 2017 and January 28, 2017, respectively	`TreasuryStockValue`	$583.90M	USD	Point-in-time
Treasury stock, at cost; 19,268,695 and 17,067,482 shares repurchased at October 28, 2017 and January 28, 2017, respectively	`TreasuryStockValue`	$538.72M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$318.38M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$334.04M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$458.85M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$458.33M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$237.83M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$237.01M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$726.03M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$701.48M	USD	3 Qtrs
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$161.72M	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`	$468.95M	USD	3 Qtrs
Cost of goods sold, including wholesale, logistics and store occupancy costs	`CostOfGoodsSold`	$472.74M	USD	3 Qtrs
Gross margin	`GrossProfit`	$257.08M	USD	3 Qtrs
Gross margin	`GrossProfit`	$83.83M	USD	1 Quarter
Gross margin	`GrossProfit`	$76.11M	USD	1 Quarter
Gross margin	`GrossProfit`	$228.74M	USD	3 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$57.99M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$165.41M	USD	3 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$169.89M	USD	3 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$55.85M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$14.04M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$18.06M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.33M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$40.79M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$77.63M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$23.17M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.79M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-60.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-176.00K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-53.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-187.00K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.11M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$40.62M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.73M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$77.45M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.51M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.17M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.32M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$28.43M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$49.02M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$25.30M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$14.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.56M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.22	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.66	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.19	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.21	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.66	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.18	USD	3 Qtrs
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.99M	shares	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.32M	shares	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.80M	shares	3 Qtrs
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.35M	shares	3 Qtrs
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.39M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.19M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.91M	shares	3 Qtrs
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.52M	shares	3 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$49.02M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$25.30M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$14.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.56M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$14.04M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$18.06M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.33M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$829.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.18M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.77M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$675.00K	USD	1 Quarter
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$96.00K	USD	3 Qtrs
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$237.00K	USD	3 Qtrs
Decrease (increase) in inventories, net	`IncreaseDecreaseInInventories`	$-9.36M	USD	3 Qtrs
Decrease (increase) in inventories, net	`IncreaseDecreaseInInventories`	$15.28M	USD	3 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.09M	USD	3 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-37.00K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.75M	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$14.18M	USD	3 Qtrs
Changes in other operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$7.01M	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`	$83.27M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$19.55M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$18.88M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-39.00K	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`	$-18.84M	USD	3 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$44.47M	USD	3 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$30.69M	USD	3 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$344.00K	USD	3 Qtrs
Payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$444.00K	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`	$554.00K	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-711.00K	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-858.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-31.43M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-45.07M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.37M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.92M	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`	$58.33M	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`	$38.96M	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`	$58.33M	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`	$38.96M	USD	Point-in-time

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