10-Q Filing

CITI TRENDS INC CIK: 1318484 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-060562`
Period End Date	20120731
Filing Date	20120829
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	ctrn-20120728.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 62 Cash Flow Statement 65

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation and amortization (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$131.05M	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`	15.32M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.50M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.90M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.23M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.15M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.73M	USD	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$3.31M	USD	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$902.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	165,750.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	165,750.00	shares	Point-in-time
Inventory	`InventoryNet`	$133.77M	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`	$10.13M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$6.31M	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`	$5.99M	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`	$212.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$203.38M	USD	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $131,048 and $118,875 as of July 28, 2012 and January 28, 2012, respectively	`PropertyPlantAndEquipmentNet`	$80.99M	USD	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $131,048 and $118,875 as of July 28, 2012 and January 28, 2012, respectively	`PropertyPlantAndEquipmentNet`	$90.54M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$16.40M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$18.84M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$1.91M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$1.22M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$774.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$798.00K	USD	Point-in-time
Total assets	`Assets`	$314.78M	USD	Point-in-time
Total assets	`Assets`	$312.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$78.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$71.96M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$17.15M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$15.73M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$10.35M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$10.79M	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$2.00M	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$603.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$105.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$101.90M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.81M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$12.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$113.71M	USD	Point-in-time
Total liabilities	`Liabilities`	$118.37M	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,320,435 shares issued as of July 28, 2012 and 15,062,300 shares issued as of January 28, 2012; 15,154,685 shares outstanding as of July 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; 15,320,435 shares issued as of July 28, 2012 and 15,062,300 shares issued as of January 28, 2012; 15,154,685 shares outstanding as of July 28, 2012 and 14,896,550 outstanding as of January 28, 2012	`CommonStockValue`	$148.00K	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$78.59M	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$79.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$117.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$120.01M	USD	Point-in-time
Treasury stock, at cost; 165,750 shares as of July 28, 2012 and January 28, 2012	`TreasuryStockValue`	$165.00K	USD	Point-in-time
Treasury stock, at cost; 165,750 shares as of July 28, 2012 and January 28, 2012	`TreasuryStockValue`	$165.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$199.02M	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`	$312.73M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$314.78M	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$319.40M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$132.32M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$130.23M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$330.01M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$210.93M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$86.78M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$87.90M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$200.88M	USD	2 Qtrs
Gross profit	`GrossProfit`	$118.52M	USD	2 Qtrs
Gross profit	`GrossProfit`	$44.41M	USD	1 Quarter
Gross profit	`GrossProfit`	$119.08M	USD	2 Qtrs
Gross profit	`GrossProfit`	$43.45M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$50.69M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$50.93M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$101.76M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$103.60M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.94M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.18M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.35M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.04M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$1.61M	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	$1.61M	USD	1 Quarter
(Loss) Income from operations	`OperatingIncomeLoss`	$-12.55M	USD	1 Quarter
(Loss) Income from operations	`OperatingIncomeLoss`	$3.22M	USD	2 Qtrs
(Loss) Income from operations	`OperatingIncomeLoss`	$3.30M	USD	2 Qtrs
(Loss) Income from operations	`OperatingIncomeLoss`	$-15.20M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$128.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$65.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$119.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$66.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$64.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$113.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$10.00K	USD	2 Qtrs
(Loss) income before income tax (benefit) expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.33M	USD	2 Qtrs
(Loss) income before income tax (benefit) expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-15.14M	USD	1 Quarter
(Loss) income before income tax (benefit) expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-12.55M	USD	1 Quarter
(Loss) income before income tax (benefit) expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.31M	USD	2 Qtrs
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$1.26M	USD	2 Qtrs
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$1.13M	USD	2 Qtrs
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-4.63M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-5.11M	USD	1 Quarter
Net (loss) income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-10.03M	USD	1 Quarter
Net (loss) income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.06M	USD	2 Qtrs
Net (loss) income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.18M	USD	2 Qtrs
Net (loss) income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.92M	USD	1 Quarter
Basic net (loss) income per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.69	USD	1 Quarter
Basic net (loss) income per common share (in dollars per share)	`EarningsPerShareBasic`	$0.14	USD	2 Qtrs
Basic net (loss) income per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.54	USD	1 Quarter
Basic net (loss) income per common share (in dollars per share)	`EarningsPerShareBasic`	$0.15	USD	2 Qtrs
Diluted net (loss) income per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.15	USD	2 Qtrs
Diluted net (loss) income per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.69	USD	1 Quarter
Diluted net (loss) income per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.14	USD	2 Qtrs
Diluted net (loss) income per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.54	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.60M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.67M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.57M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.65M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.58M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.66M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.67M	shares	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-10.03M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.06M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.18M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.92M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.94M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.18M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.35M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.04M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$1.61M	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	$1.61M	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-216.00K	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-10.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-852.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$79.00K	USD	2 Qtrs
Noncash stock-based compensation expense	`ShareBasedCompensation`	$1.64M	USD	2 Qtrs
Noncash stock-based compensation expense	`ShareBasedCompensation`	$1.23M	USD	2 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$847.00K	USD	2 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-432.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$2.25M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$881.00K	USD	2 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-391.00K	USD	2 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.80M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$21.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-24.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.98M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.38M	USD	2 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$3.13M	USD	2 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.36M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$447.00K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$780.00K	USD	2 Qtrs
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$4.45M	USD	2 Qtrs
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-2.88M	USD	2 Qtrs
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$1.23M	USD	2 Qtrs
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$1.39M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.47M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$14.02M	USD	2 Qtrs
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$34.00K	USD	2 Qtrs
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$835.00K	USD	2 Qtrs
Purchases of investment securities	`PaymentsToAcquireMarketableSecurities`	$11.01M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$3.53M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$23.21M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-33.39M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.49M	USD	2 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$847.00K	USD	2 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-432.00K	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$22.00K	USD	2 Qtrs
Shares acquired to settle withholding taxes on the vesting of nonvested restricted stock	`CashUsedToSettleWithholdingTaxesOnStockOptionExercises`	$685.00K	USD	2 Qtrs
Shares acquired to settle withholding taxes on the vesting of nonvested restricted stock	`CashUsedToSettleWithholdingTaxesOnStockOptionExercises`	$355.00K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$184.00K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-787.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$9.74M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-19.73M	USD	2 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.50M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.99M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$69.23M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$51.73M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$49.50M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$41.99M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$69.23M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$51.73M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$-77.00K	USD	2 Qtrs
Cash (refunds) payments of income taxes	`IncomeTaxesPaid`	$-4.06M	USD	2 Qtrs
Cash (refunds) payments of income taxes	`IncomeTaxesPaid`	$2.47M	USD	2 Qtrs
(Decrease) increase in accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$-884.00K	USD	2 Qtrs
(Decrease) increase in accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$794.00K	USD	2 Qtrs

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