10-Q Filing

HIBBETT INC CIK: 1017480 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001017480-18-000027`
Period End Date	20180430
Filing Date	20180613
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	hibb-20180505.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`	$75.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$115.83M	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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$229.11M	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`	$253.20M	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`	$18.84M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$20.03M	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`	$346.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$363.78M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$258.01M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$256.55M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.86M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.95M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	19.95M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$148.31M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	19.91M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$149.42M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$109.70M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$107.13M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$4.34M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$5.37M	USD	Point-in-time
Total Assets	`Assets`	$475.25M	USD	Point-in-time
Total Assets	`Assets`	$461.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$93.44M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$83.41M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$7.29M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$10.42M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$5.67M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$5.91M	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsCurrent`	$663.00K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsCurrent`	$641.00K	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$10.25M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$5.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$115.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$107.25M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$20.22M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$20.29M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$6.39M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$6.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$133.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$142.25M	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, 38,946,439 and 38,862,929 shares issued at May 5, 2018 and February 3, 2018, respectively	`CommonStockValue`	$389.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 38,946,439 and 38,862,929 shares issued at May 5, 2018 and February 3, 2018, respectively	`CommonStockValue`	$389.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$182.63M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$180.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$731.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$752.76M	USD	Point-in-time
Treasury stock, at cost; 19,950,590 and 19,910,291 shares repurchased at May 5, 2018 and February 3, 2018, respectively	`TreasuryStockValue`	$594.10M	USD	Point-in-time
Treasury stock, at cost; 19,950,590 and 19,910,291 shares repurchased at May 5, 2018 and February 3, 2018, respectively	`TreasuryStockValue`	$593.23M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$341.68M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$319.60M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$461.85M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$475.25M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$274.71M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$275.69M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$177.47M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$177.93M	USD	1 Quarter
Gross margin	`GrossProfit`	$96.77M	USD	1 Quarter
Gross margin	`GrossProfit`	$98.22M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$61.90M	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`	$6.25M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$28.62M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$34.17M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-57.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-66.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$28.56M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$34.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.19M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$21.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.91M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$1.13	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.98	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.97	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$1.12	USD	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.97M	shares	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.32M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.47M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.14M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$21.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.91M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.25M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.74M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.70M	USD	1 Quarter
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$96.00K	USD	1 Quarter
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$161.00K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$31.34M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$25.09M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.03M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-9.59M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.12M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.22M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$4.64M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-2.53M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$47.02M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$66.87M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$4.09M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$7.80M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$80.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-28.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.07M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.88M	USD	1 Quarter
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$455.00K	USD	1 Quarter
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$21.64M	USD	1 Quarter
Net payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$160.00K	USD	1 Quarter
Net payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$146.00K	USD	1 Quarter
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$358.00K	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`	$-416.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.10M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-673.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$36.90M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$42.28M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$75.86M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$73.54M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$115.83M	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`	$75.86M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$73.54M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$115.83M	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.