10-Q Filing

CITI TRENDS INC CIK: 1318484 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-040596`
Period End Date	20120430
Filing Date	20120530
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	ctrn-20120428.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 30 Cash Flow Statement 59

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation and amortization (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$125.01M	USD	Point-in-time
Property and equipment, accumulated depreciation and amortization (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$118.88M	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
Common stock, Authorized shares	`CommonStockSharesAuthorized`	32.00M	shares	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	32.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.06M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.07M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$76.85M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.91M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.90M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	165,750.00	shares	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$902.00K	USD	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$1.64M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	165,750.00	shares	Point-in-time
Inventory	`InventoryNet`	$115.01M	USD	Point-in-time
Inventory	`InventoryNet`	$131.53M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.52M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.06M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.11M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$11.20M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetCurrent`	$5.83M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetCurrent`	$5.16M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleCurrent`	$1.42M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleCurrent`	$1.42M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$203.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$198.36M	USD	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $125,010 and $118,875 as of April 28, 2012 and January 28, 2012, respectively	`PropertyPlantAndEquipmentNet`	$85.62M	USD	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $125,010 and $118,875 as of April 28, 2012 and January 28, 2012, respectively	`PropertyPlantAndEquipmentNet`	$90.54M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$18.09M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$18.84M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$2.24M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$1.22M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$798.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$785.00K	USD	Point-in-time
Total assets	`Assets`	$305.09M	USD	Point-in-time
Total assets	`Assets`	$314.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$60.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$78.94M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$15.59M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$15.73M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$9.04M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$10.35M	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$603.00K	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$1.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$105.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$86.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$12.22M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$12.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$98.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$118.37M	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,071,368 shares issued as of April 28, 2012 and 15,062,300 shares issued as of January 28, 2012; 14,905,618 shares outstanding as of April 28, 2012 and 14,896,550 outstanding as of January 28, 2012	`CommonStockValue`	$148.00K	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,071,368 shares issued as of April 28, 2012 and 15,062,300 shares issued as of January 28, 2012; 14,905,618 shares outstanding as of April 28, 2012 and 14,896,550 outstanding as of January 28, 2012	`CommonStockValue`	$148.00K	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$78.35M	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$78.59M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$117.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$127.94M	USD	Point-in-time
Treasury stock, at cost; 165,750 shares as of April 28, 2012 and January 28, 2012	`TreasuryStockValue`	$165.00K	USD	Point-in-time
Treasury stock, at cost; 165,750 shares as of April 28, 2012 and January 28, 2012	`TreasuryStockValue`	$165.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$206.27M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$196.40M	USD	Point-in-time
Commitments and contingencies (note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$305.09M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$314.78M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$189.17M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$197.69M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$123.03M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$114.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$74.67M	USD	1 Quarter
Gross profit	`GrossProfit`	$75.07M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.07M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$52.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.58M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.14M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$18.41M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$15.85M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$62.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$54.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$49.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$18.46M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.87M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.76M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.37M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$10.10M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$12.09M	USD	1 Quarter
Basic net income per common share (in dollars per share)	`EarningsPerShareBasic`	$0.83	USD	1 Quarter
Basic net income per common share (in dollars per share)	`EarningsPerShareBasic`	$0.69	USD	1 Quarter
Diluted net income per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.69	USD	1 Quarter
Diluted net income per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.83	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.55M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.64M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.57M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.64M	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$10.10M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$12.09M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.58M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.14M	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-39.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-10.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$701.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-341.00K	USD	1 Quarter
Noncash stock-based compensation expense	`ShareBasedCompensation`	$783.00K	USD	1 Quarter
Noncash stock-based compensation expense	`ShareBasedCompensation`	$544.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$739.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-444.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-8.05M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-16.52M	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-467.00K	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-457.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$3.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-13.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.95M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-18.95M	USD	1 Quarter
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.93M	USD	1 Quarter
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-64.00K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.30M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.60M	USD	1 Quarter
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$9.64M	USD	1 Quarter
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$5.56M	USD	1 Quarter
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$1.48M	USD	1 Quarter
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$1.37M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$26.40M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$24.59M	USD	1 Quarter
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$17.00K	USD	1 Quarter
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$835.00K	USD	1 Quarter
Purchases of investment securities	`PaymentsToAcquireMarketableSecurities`	$7.87M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$11.90M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$1.85M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.83M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-18.93M	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$739.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-444.00K	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$9.00K	USD	1 Quarter
Shares acquired to settle withholding taxes on the vesting of nonvested restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$601.00K	USD	1 Quarter
Shares acquired to settle withholding taxes on the vesting of nonvested restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$334.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-778.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$147.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$21.98M	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$7.62M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$69.23M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.99M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$63.96M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$76.85M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$69.23M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$41.99M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$63.96M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$76.85M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$31.00K	USD	1 Quarter
Cash (refunds) payments of income taxes	`IncomeTaxesPaidNet`	$-3.54M	USD	1 Quarter
Cash (refunds) payments of income taxes	`IncomeTaxesPaidNet`	$14.00K	USD	1 Quarter
Decrease in accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$-615.00K	USD	1 Quarter
Decrease in accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$-403.00K	USD	1 Quarter

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