10-Q Filing

HIBBETT INC CIK: 1017480 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001017480-18-000035`
Period End Date	20180731
Filing Date	20180913
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	hibb-20180804.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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$119.59M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.76M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	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
Inventories, net	`InventoryNet`	$248.13M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$20.03M	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`	$21.01M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$388.74M	USD	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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.86M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$258.01M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.95M	shares	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$257.64M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	19.91M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$148.31M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	20.29M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$153.22M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$104.42M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$109.70M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$4.82M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$5.37M	USD	Point-in-time
Total Assets	`Assets`	$497.98M	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`	$112.76M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$10.42M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$10.23M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$5.91M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$6.00M	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsCurrent`	$643.00K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsCurrent`	$663.00K	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$9.66M	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`	$139.29M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$19.37M	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`	$5.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$142.25M	USD	Point-in-time
Total liabilities	`Liabilities`	$164.43M	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, 38,954,203 and 38,862,929 shares issued at August 4, 2018 and February 3, 2018, respectively	`CommonStockValue`	$389.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 38,954,203 and 38,862,929 shares issued at August 4, 2018 and February 3, 2018, respectively	`CommonStockValue`	$389.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$183.70M	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`	$751.54M	USD	Point-in-time
Treasury stock, at cost; 20,286,892 and 19,910,291 shares repurchased at August 4, 2018 and February 3, 2018, respectively	`TreasuryStockValue`	$593.23M	USD	Point-in-time
Treasury stock, at cost; 20,286,892 and 19,910,291 shares repurchased at August 4, 2018 and February 3, 2018, respectively	`TreasuryStockValue`	$602.08M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$319.60M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$333.55M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$461.85M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$497.98M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$211.12M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$463.65M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$187.96M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$485.83M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$133.55M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$322.71M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$311.02M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$144.77M	USD	1 Quarter
Gross margin	`GrossProfit`	$152.63M	USD	2 Qtrs
Gross margin	`GrossProfit`	$66.35M	USD	1 Quarter
Gross margin	`GrossProfit`	$54.41M	USD	1 Quarter
Gross margin	`GrossProfit`	$163.12M	USD	2 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$123.87M	USD	2 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$111.89M	USD	2 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$53.56M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$61.97M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$11.73M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.27M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$12.52M	USD	2 Qtrs
Operating (loss) income	`OperatingIncomeLoss`	$-5.16M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$-1.89M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$26.74M	USD	2 Qtrs
Operating (loss) income	`OperatingIncomeLoss`	$29.01M	USD	2 Qtrs
Interest (income) expense, net	`InterestIncomeExpenseNet`	$-56.00K	USD	1 Quarter
Interest (income) expense, net	`InterestIncomeExpenseNet`	$167.00K	USD	1 Quarter
Interest (income) expense, net	`InterestIncomeExpenseNet`	$111.00K	USD	2 Qtrs
Interest (income) expense, net	`InterestIncomeExpenseNet`	$-124.00K	USD	2 Qtrs
(Loss) income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$28.88M	USD	2 Qtrs
(Loss) income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.22M	USD	1 Quarter
(Loss) income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.72M	USD	1 Quarter
(Loss) income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$26.85M	USD	2 Qtrs
(Benefit)/Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.15M	USD	2 Qtrs
(Benefit)/Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.56M	USD	2 Qtrs
(Benefit)/Provision for income taxes	`IncomeTaxExpenseBenefit`	$-2.04M	USD	1 Quarter
(Benefit)/Provision for income taxes	`IncomeTaxExpenseBenefit`	$-496.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$17.73M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-1.22M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$20.29M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-3.18M	USD	1 Quarter
Basic (loss) earnings per share	`EarningsPerShareBasic`	$0.84	USD	2 Qtrs
Basic (loss) earnings per share	`EarningsPerShareBasic`	$-0.15	USD	1 Quarter
Basic (loss) earnings per share	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Basic (loss) earnings per share	`EarningsPerShareBasic`	$1.07	USD	2 Qtrs
Diluted (loss) earnings per share	`EarningsPerShareDiluted`	$-0.15	USD	1 Quarter
Diluted (loss) earnings per share	`EarningsPerShareDiluted`	$1.06	USD	2 Qtrs
Diluted (loss) earnings per share	`EarningsPerShareDiluted`	$-0.06	USD	1 Quarter
Diluted (loss) earnings per share	`EarningsPerShareDiluted`	$0.84	USD	2 Qtrs
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.05M	shares	2 Qtrs
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.78M	shares	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.82M	shares	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.90M	shares	2 Qtrs
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.82M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.08M	shares	2 Qtrs
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.78M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.12M	shares	2 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$17.73M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-1.22M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.29M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-3.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$11.73M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.27M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$12.52M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$917.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.65M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$647.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.35M	USD	2 Qtrs
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$122.00K	USD	2 Qtrs
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$415.00K	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$4.27M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$6.06M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.62M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$118.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$21.84M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$19.13M	USD	2 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$2.77M	USD	2 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$1.58M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$62.53M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$57.19M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$7.99M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$14.38M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-172.00K	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-56.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.32M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.82M	USD	2 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$28.54M	USD	2 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$8.43M	USD	2 Qtrs
Net payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$294.00K	USD	2 Qtrs
Net payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$319.00K	USD	2 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$508.00K	USD	2 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$480.00K	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-416.00K	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-709.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-29.06M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.66M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.80M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$46.05M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$73.54M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$119.59M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.96M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$52.76M	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`	$119.59M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$38.96M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$52.76M	USD	Point-in-time

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