10-Q Filing

HIBBETT INC CIK: 1017480 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001017480-18-000055`
Period End Date	20181031
Filing Date	20181213
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	hibb-20181103.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 56 Cash Flow Statement 52

Balance Sheet 68 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`	$58.33M	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`	$73.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$121.18M	USD	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`	$256.85M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$20.03M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$23.39M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	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 authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$401.43M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$260.69M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.97M	shares	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
Treasury stock, shares (in shares)	`TreasuryStockShares`	19.91M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	20.68M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$148.31M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$156.79M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$109.70M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$103.90M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$4.69M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$5.37M	USD	Point-in-time
Total Assets	`Assets`	$510.01M	USD	Point-in-time
Total Assets	`Assets`	$461.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$109.44M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$93.44M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$6.25M	USD	Point-in-time
Accrued payroll expenses	`EmployeeRelatedLiabilitiesCurrent`	$10.42M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$5.91M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$5.86M	USD	Point-in-time
Line of Credit, Current	`LinesOfCreditCurrent`	-	USD	Point-in-time
Line of Credit, Current	`LinesOfCreditCurrent`	$25.00M	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsCurrent`	$663.00K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsCurrent`	$644.00K	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$5.14M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$9.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$115.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$156.35M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$19.33M	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`	$5.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$181.53M	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, 38,971,930 and 38,862,929 shares issued at November 3, 2018 and February 3, 2018, respectively	`CommonStockValue`	$390.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 38,971,930 and 38,862,929 shares issued at November 3, 2018 and February 3, 2018, respectively	`CommonStockValue`	$389.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$184.75M	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`	$753.04M	USD	Point-in-time
Treasury stock, at cost; 20,682,342 and 19,910,291 shares repurchased at November 3, 2018 and February 3, 2018, respectively	`TreasuryStockValue`	$609.70M	USD	Point-in-time
Treasury stock, at cost; 20,682,342 and 19,910,291 shares repurchased at November 3, 2018 and February 3, 2018, respectively	`TreasuryStockValue`	$593.23M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$319.60M	USD	Point-in-time
Total stockholders' investment	`StockholdersEquity`	$328.48M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$461.85M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$510.01M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$702.72M	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$701.48M	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$216.89M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$237.83M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$469.08M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$472.74M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$146.38M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$161.72M	USD	1 Quarter
Gross margin	`GrossProfit`	$70.51M	USD	1 Quarter
Gross margin	`GrossProfit`	$233.64M	USD	3 Qtrs
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`	$169.89M	USD	3 Qtrs
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$62.34M	USD	1 Quarter
Store operating, selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$186.21M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$18.85M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$18.06M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.33M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.33M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$40.79M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$1.84M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$28.58M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$11.79M	USD	1 Quarter
Interest (income) expense, net	`InterestIncomeExpenseNet`	$-176.00K	USD	3 Qtrs
Interest (income) expense, net	`InterestIncomeExpenseNet`	$277.00K	USD	1 Quarter
Interest (income) expense, net	`InterestIncomeExpenseNet`	$-53.00K	USD	1 Quarter
Interest (income) expense, net	`InterestIncomeExpenseNet`	$387.00K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$28.96M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.12M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.73M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$40.62M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.17M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$620.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.32M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.18M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$7.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.30M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$21.79M	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.22	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.16	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.21	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.15	USD	3 Qtrs
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.76M	shares	3 Qtrs
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.80M	shares	3 Qtrs
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.32M	shares	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.50M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.91M	shares	3 Qtrs
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.68M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.39M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.94M	shares	3 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$7.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.30M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$21.79M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$18.85M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$18.06M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.33M	USD	1 Quarter
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`	$3.41M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$758.00K	USD	1 Quarter
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$548.00K	USD	3 Qtrs
Other non-cash adjustments to net income	`OtherNoncashIncomeExpense`	$237.00K	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$15.28M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$-2.66M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-37.00K	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.29M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$14.18M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$15.82M	USD	3 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-1.99M	USD	3 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$7.01M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$52.47M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$83.27M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$13.95M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$18.88M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-39.00K	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-257.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.84M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.69M	USD	3 Qtrs
Borrowings under credit facilities, net	`ProceedsFromLinesOfCredit`	$25.00M	USD	3 Qtrs
Borrowings under credit facilities, net	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$16.06M	USD	3 Qtrs
Cash used for stock repurchases	`PaymentsForRepurchaseOfEquity`	$44.47M	USD	3 Qtrs
Net payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$444.00K	USD	3 Qtrs
Net payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$481.00K	USD	3 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$554.00K	USD	3 Qtrs
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$807.00K	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-416.00K	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-711.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.85M	USD	3 Qtrs
Net cash provided by 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`	$47.63M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$58.33M	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`	$73.54M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$121.18M	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`	$38.96M	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`	$121.18M	USD	Point-in-time

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